With solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on course […]
Oil demand growth continued its slowing trend in the second quarter of this year, registering an increase of 710,000 barrels per day, the lowest since the second quarter of 2022, the International Energy Agency (IEA) announced. reports EFE. In its report on the global oil market, the IEA attributes this lower growth to the April-May […]
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by […]
IEA report finds countries’ ambitions and implementation plans are not yet in line with key goal set at COP28, but governments have tools to step up in coming months through NDC process New analysis from the International Energy Agency (IEA) finds that countries have a significant opportunity over the coming months to develop clear plans […]
A tax on big fossil fuel companies could boost climate finance by up to $900 billion by the end of the decade, Oil Price writes. The International Energy Agency (IEA) has repeatedly stressed the need for higher levels of climate finance to achieve global climate goals and achieve a green transition, but finding this money […]
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