PARIS – Mexico officially became the International Energy Agency’s 30th member country on 17 February 2018, and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.
CANBERRA – Dr Fatih Birol, the International Energy Agency’s Executive Director, met with Australian Government to discuss energy security, and the role of renewables, natural gas and clean-energy technology in the transformation of Australia’s energy system.
The International Energy Agency (IEA) and the King Abdullah Petroleum Studies and Research Center (KAPSARC) co-hosted an expert workshop on the potential for advanced CO2 enhanced oil recovery (CO2-EOR) to decarbonize oil production. The workshop focused on the potential for using CO2-EOR for CO2 storage and increasing oil production, also known EOR+ or advanced CO2-EOR.
As winter temperatures plummet in the Northern hemisphere, renewable heat is increasingly being used to provide heat for warmth and comfort. Yet it has a long way to go to catch up with fossil fuels, which currently provide more than three-quarters of heat production globally, resulting in significant CO2 emissions and in some cases adding to local air pollution.
Global coal demand dropped for a second year in a row in 2016, approaching the previous record for two-year declines set in the early 1990s. Global demand for coal fell by 1.9% in 2016 to 5 357 Mtce, as lower gas prices, a surge in renewables and energy efficiency improvements put a major dent on coal consumption. Demand for coal has now dropped by 4.2% since 2014, almost matching the fall of 1990-1992 which was the largest two-year decline recorded since the IEA started compiling statistics more than 40 years ago.
The International Energy Agency hosted a two-day joint meeting with the Intergovernmental Panel on Climate Change, gathering energy statisticians and inventory experts from across 25 countries and organisations.
The following commentary was written by IEA Energy Investment Analysts Michael Waldron and Yoko Nobuoka.
This week’s closure of the Forties pipeline network that carries about 400 kb/d of North Sea oil added momentum to Brent crude oil prices that have settled above $60/bbl since the end of October. For the time being, in response to the Forties pipeline incident, we have reduced our estimate for UK production in December by 300 kb/d, and we will revisit this as the situation becomes clearer. After the initial surge that understandably accompanies such a major supply disruption, the market has settled down again and, unless another dramatic event occurs in what remains of 2017, it looks as if the Brent crude price will average about $54/bbl for the year, an increase of twenty percent on 2016. For the producers at least, 2017 has been encouraging. Will this carry over into the New Year?
This year, World Energy Outlook-2017 includes a focus on China to examine how the country’s choices could reshape the global outlook for all fuels and technologies. China’s economic growth has shaped energy markets over the past two decades. Although its influence ranges across the energy spectrum, it has been felt most prominently in the coal and oil markets. But China is entering a new era of development as it transitions to a more services-based economic model and places emphasis on cleaner, more efficient energy technologies. China’s energy sector is moving in new directions.
Dr Fatih Birol, the executive director of the International Energy Agency, met with the President of Mexico, Mr Enrique Peña Nieto, days after the ratification of the IEA agreement in the Mexican Senate.
The past decade has seen major changes across the energy sector, from the emergence of solar PV or shale oil and gas to electric vehicles and high-efficiency lighting. But one sector has seen very little change.
BEIJING – Dr Fatih Birol, the International Energy Agency’s executive director, met with Mr. Zhang Gaoli, Vice Premier of the People’s Republic of China, to discuss the IEA’s commitment to deepening its cooperation with China during the country’s economic and energy transition.
High-speed rail (HSR) passenger activity totalled 625 billion passenger kilometres in 2015 with China, Europe and Japan together accounting for 95% of the global total. HSR is also the fastest growing passenger rail transport service worldwide – while global high-speed rail activity has grown steadily since 2005, growth accelerated to nearly 70% over 2013 to 2015, mainly as a result of a surge in China.
Having reliable data and indicators on how energy is used is key to informing and monitoring the effectiveness of energy efficiency policies. Highlighting the importance of such data, the IEA has for the first time published an Energy Efficiency Indicators database with annual data from 2000 to 2015.