“On 11 February, the IEA held a high-level workshop on hydrogen, bringing together 140 key experts and decision-makers from all parts of the hydrogen value chain. Participants included government representatives, potential hydrogen suppliers, equipment providers, transporters, users of hydrogen and its derivative products, financers and researchers.”
The International Energy Agency officially took over on 1 February as the Facilitator of the Biofuture Platform, a group of 20 countries seeking to accelerate development and scale up deployment of modern sustainable low carbon alternatives to fossil based solutions in transport, chemicals, plastics and other sectors.
Air conditioning demand will be one of the biggest drivers of electricity consumption over the next decades, and is a key “blind spot” of the global energy debate.
In an electricity world that sees variable renewables at the centre stage, market players and policy makers cannot overlook the need for flexibility, a game where storage technologies are expected to play a key role.
New Delhi, India – Rail is among the most energy efficient modes of transport for freight and passengers, yet is often neglected in public debate, according to a new report by the International Energy Agency prepared in cooperation with the International Union of Railways (UIC).
Ireland will host the International Energy Agency’s fourth annual Global Conference on Energy Efficiency, which will take place in Dublin this year on 24 June.
“Tight oil production is today a largely US phenomenon. From less than 0.5 mb/d in 2010, production has surged to around 6 mb/d in 2018 and this growth shows little sign of slowing down any time soon. In the most recent World Energy Outlook, tight oil output continues to rise until well into the 2020s in the New Policies Scenario, reaching more than 9 mb/d. As a result, the United States reinforces its position as the world’s largest oil producer, accounting for almost one in every five barrels of production by 2025; it also become a net oil exporter.”
The International Energy Agency and the Bureau of Energy Efficiency (BEE) of the Government of India co-hosted the first ever Energy Efficiency Training Week for India, from 10 to 13 December in New Delhi. The event, which coincided with India’s 28th National Energy Conservation Day on 14 December, brought together over 100 energy efficiency professionals from government institutions and supporting organisations across all levels of government in India.
Dr Fatih Birol, the Executive Director of the International Energy Agency, welcomed Germany’s Federal Minister for Economic Affairs and Energy, Peter Altmaier, at the IEA’s headquarters in Paris today, underscoring their strengthening relationship.
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
There is a growing awareness that the global energy transition will not succeed unless it finds ways to decarbonise the “hard-to-abate” sectors like industry and heavy transport, while providing sufficient flexibility to balance electricity grids all year round.
OPEC and some non-OPEC oil ministers met in Vienna last week and agreed to curb their output by 1.2 mb/d in order to address growing surpluses in the market. The agreement aims to achieve relative stability and to bring the market towards balance. So far, the Brent crude oil price seems to have found a floor, remaining close to $60/bbl much where it was when the ministers met. Recently, prices have been volatile; in early October Brent crude oil prices reached $86/bbl on concerns that the market could tighten as Iranian sanctions were implemented. Then, thirty-seven days later, they fell back to $58/bbl as producers more than met the challenge of replacing Iranian and other barrels. Such volatility is not in the interests of producers or consumers.