The International Energy Agency on Tuesday held the 20th meeting of the IEA Energy Business Council, the overarching body through which the IEA interacts with the private sector.
Ireland has successfully advanced the transformation of its energy sector, led primarily by the power sector. In 2017, about a quarter of the country’s total power generation came from wind power, the third highest share among all 30 IEA member countries, according to the latest review of Ireland’s energy policies by the International Energy Agency.
The oil and gas industry is one of the global leaders in developing and deploying CO2 capture. Of the approximately 30 Mt CO2 captured today from industrial activities in large-scale carbon capture, utilisation and storage (CCUS) facilities, nearly 70% is captured from oil and gas operations. The oil and gas industry is also often in a position to make use of this captured CO2, either by selling it to industrial facilities or by injecting it into the subsurface to boost oil recovery.
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effectiveness of sanctions against Iran and Venezuela.
Sweden is a global leader in building a low-carbon economy, with the lowest share of fossil fuels in its primary energy supply among all IEA member countries, and the second-lowest carbon-intensive economy.
The article features a response by Dr Fatih Birol, IEA Executive Director, to a letter received on the role of the World Energy Outlook in shaping global energy policies.
The International Energy Agency and Thailand’s Ministry of Energy co-hosted the third Energy Efficiency in Emerging Economies Training Week for Southeast Asia this week, with more than 170 energy efficiency professionals attended from government institutions, industry, academia and supporting organisations across the region. The four-day event supported Thailand’s chairmanship of the Association of Southeast Asian Nations (ASEAN) this year, which set energy efficiency in the region as one of its priorities.
Chinese companies have significantly enhanced their engagement in Africa over the last 20 years, covering a wide range of sectors, including power generation, transmission and distribution. These are important investments as despite growing economies, around half of the rapidly growing African population does not have access to electricity.
Energy is going increasingly digital – better sensors, real-time data analytics and other innovations are enabling greater efficiencies and optimising the way energy is consumed across key sectors and end uses. Digital technologies are also enabling energy efficiency to play a more central role within the energy system, for example by enabling greater deployment of distributed renewable energy sources or by making electricity grids more flexible and responsive.
The first meeting of the Efficient World Financing Forum took place on 25 March in Paris with participation from ten key international financial institutions. The Forum, which was first announced in 2018, brings together global leaders of development banks from all world regions to share diverse experiences in the implementation, delivery models and financing mechanisms for energy efficiency, with the ultimate goal of helping to inform plans and approaches to encourage investment in energy efficiency at scale and deliver on its multiple benefits.
Automated driving and shared mobility could dramatically reshape road transport over the coming decades, with major implications for vehicle electrification and the broader electricity system. But can we assume that shared and/or autonomous vehicles of the future will be electric?
Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions. Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China.
Improvements in the fuel economy of cars have slowed according to a new report by the Global Fuel Economy Initiative (GFEI) in cooperation with the IEA. The report, “Fuel Economy in Major Car Markets: Technology and policy drivers 2005-2017” reviews developments in fuel economy and highlights recent changes.
The electricity crisis in Venezuela has paralysed most of the country for significant periods of time. Although there are signs that the situation is improving, the degradation of the power system is such that we cannot be sure if the fixes are durable.
The security of European natural gas supplies has rarely been far off the political agenda. New gas pipeline and LNG projects command high levels of attention, particularly in the context of the European Union’s growing need for imports: its own production is declining; around 100 billion cubic metres (bcm) of long-term contracts expire by 2025; and there is some upside for gas consumption – at least in the near term – as coal and nuclear plants are retired.
The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.
WASHINGTON DC – Dr Fatih Birol, the Executive Director of the International Energy Agency, met bilaterally with US Secretary of Energy Rick Perry today before testifying before the United States Senate on the IEA’s latest findings on global energy markets.