Major economies led a rebound in December when emissions were 2%, or 60 million tonnes, higher than in December 2019, as a pick-up in economic activity increased energy demand. LONDON: Global carbon dioxide emissions dropped by 5.8% in 2020 as the COVID-19 pandemic slowed economic activity, but they rebounded at the end of the year […]
India signs Strategic Partnership Agreement with IEA
India signs Strategic Partnership Agreement with International Energy Agency (IEA) The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed on 27th January, 2021 to strengthen mutual trust and cooperation & enhance global energy security, stability and sustainability.This partnership will lead to an extensive exchange of […]
China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol
“As of today, Chinese emissions this year, 2020, will be higher than in 2019, they rebounded,” Fatih Birol told a digital energy conference OSLO: China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday. “As of […]
Record new renewable energy capacity this year and next – IEA
In its annual renewables outlook, the IEA said new additions of renewables capacity worldwide would increase by 4% from last year to a record 198 gigawatts (GW) this year. LONDON: Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to […]
Despite Covid-19 India’s renewables to see largest upswing in 2021: IEA
India is expected to be the largest contributor to the renewables upswing in 2021, with the country’s annual additions doubling from 2020 Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the Covid-19 crisis in many other parts of the energy sector such as oil, gas and […]
Forget King Coal. Solar Is ‘New King’ of Global Power Markets, Says IEA
The global energy watchdog continues to upgrade its renewables outlook but warns that grid upgrades and coal closures must follow. Solar power is the “new king” of global electricity markets, with the International Energy Agency calling it the cheapest form of electricity in history in its annual centerpiece World Energy Outlook report. Solar’s ascent and […]
IEA nudges up 2020 gas demand forecast, but still sees record fall
The Paris-based agency said on Monday it now expected gas demand to drop by 3 per cent year-on-year, or 120 billion cubic metres (bcm), to 3,886 bcm OSLO: The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the […]
Don’t Repeat Solar Mistakes With Hydrogen, IEA Chief Warns Europe
Europe is at the vanguard of the embryonic hydrogen economy. It’s been in a similiar position before. Europe must not repeat the same mistakes it made with solar manufacturing in the emerging hydrogen sector, the executive director of the International Energy Agency (IEA) has warned. A string of European research institutes and pioneering companies developed […]
ADB, IEA renew pact to collaborate on energy sector sustainability and resilience
Under the three-year agreement, the two organisations will share knowledge and best practice in energy sector data and analysis, on-the-ground engagement, capacity building, technology and innovation among other areas Manila: The Asian Development Bank (ADB) has renewed a memorandum of understanding with the International Energy Agency (IEA) to scale up collaboration and advance progress on […]
Won’t take long for clean energy investments to rebound: Fatih Birol, IEA
Replying to questions by ETEnergyWorld at the launch of IEA’s latest report, Birol said government policies will be critical for investments to come back on track New Delhi: It will not take too long for the world to come out of the historic 20 per cent fall in global clean energy investments, according to Fatih […]