International Energy Agency head says global economy faces ‘major, major threat’ from Iran war
Read full article: International Energy Agency head says global economy faces ‘major, major threat’ from Iran warThe head of the International Energy Agency says the global economy faces a “major, major threat” because of the Iran war.
US stocks lose ground as war with Iran keeps pressure on oil prices
Read full article: US stocks lose ground as war with Iran keeps pressure on oil pricesWall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy.
Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices
Read full article: Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging pricesThe International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.
Oil shock from Iran war prompts countries to open strategic reserves
Read full article: Oil shock from Iran war prompts countries to open strategic reservesA widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices.
Report: World's supply of critical minerals for clean energy is concentrated in fewer countries
Read full article: Report: World's supply of critical minerals for clean energy is concentrated in fewer countriesThe world’s supplies of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs.
The UK says at an energy summit that green power will boost security, as the US differs
Read full article: The UK says at an energy summit that green power will boost security, as the US differsBritain has announced a major investment in wind power as it hosts an international summit on energy security.
Major test case for new geothermal technology launches in small German town
Read full article: Major test case for new geothermal technology launches in small German townResidents in the German town of Geretsried have long wanted to run their buildings with clean heat and electricity from geothermal energy rather than fossil fuels.
The world will be fueled by electricity but even more clean energy is needed, report says
Read full article: The world will be fueled by electricity but even more clean energy is needed, report saysThe world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges but there’ll also be an excess of planet-warming fossil fuels, a report released Wednesday by the International Energy Agency said.
Renewables grew rapidly in 2023, but must grow faster still to meet climate change target, IEA says
Read full article: Renewables grew rapidly in 2023, but must grow faster still to meet climate change target, IEA saysThe amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years.
Hottest year ever, what can be done? Plenty: more renewables and nuclear, less methane and meat
Read full article: Hottest year ever, what can be done? Plenty: more renewables and nuclear, less methane and meatThe shattering of global annual heat records last year is prompting people to ask: what can be done.
Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would help
Read full article: Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would helpThe energy used by cars and their CO2 emissions could have dropped by over 30% in the past decade if not for the world’s growing taste for SUVs, a new report from the Global Fuel Economy Initiative suggests.
To save the climate, the oil and gas sector must slash planet-warming operations, report says
Read full article: To save the climate, the oil and gas sector must slash planet-warming operations, report saysThe oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change.
Electrical grids aren't keeping up with the green energy push. That could risk climate goals
Read full article: Electrical grids aren't keeping up with the green energy push. That could risk climate goalsStalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years.
Leaders gather in Paris to accelerate wringing more out of every ounce of fuel
Read full article: Leaders gather in Paris to accelerate wringing more out of every ounce of fuelAs 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock.
Renewable energy surges, driven by solar boom and high fuel prices, report finds
Read full article: Renewable energy surges, driven by solar boom and high fuel prices, report findsThe world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power.
Shift to clean energy accelerating, but coal investments too high, report says
Read full article: Shift to clean energy accelerating, but coal investments too high, report saysThe International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy.
Energy agency chief: "No excuse" for high methane emissions
Read full article: Energy agency chief: "No excuse" for high methane emissionsThe International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming.
IEA chief sees energy crunch for Europe next winter
Read full article: IEA chief sees energy crunch for Europe next winterThe head of the International Energy Agency says Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves but warned that the continent could face a bigger energy crisis next winter.
Climate Questions: What are the solutions to climate change?
Read full article: Climate Questions: What are the solutions to climate change?As the world warms and extreme weather events mount, governments and corporations have been called on to address climate change by top officials, climate scientists and activists and to curb levels of heating.
Report: Global crises can speed up move to clean energy
Read full article: Report: Global crises can speed up move to clean energyThe global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest report by the Paris-based International Energy Agency.
Energy agency: CO2 emissions rise in 2022, but more slowly
Read full article: Energy agency: CO2 emissions rise in 2022, but more slowlyThe International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars.
Report: Clean energy jobs grow, but wages lag fossil sector
Read full article: Report: Clean energy jobs grow, but wages lag fossil sectorA new report has found that clean energy now provides more employment than the fossil fuel industry, reflecting the shift that efforts to tackle climate change are having on the global jobs market.
Nations to release millions of barrels of oil amid war
Read full article: Nations to release millions of barrels of oil amid warThe International Energy Agency says its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.
Nations 'united' in seeking to cut Russian oil, gas imports
Read full article: Nations 'united' in seeking to cut Russian oil, gas importsDozens of nations, including the United States and much of Europe, say they're united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine.
Nations agree to release 60M barrels of oil amid Russian war
Read full article: Nations agree to release 60M barrels of oil amid Russian warThe International Energy Agency’s 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that supplies won’t fall short after the Russian invasion of Ukraine.
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G-7 nations to accelerate efforts to slow global warming
Read full article: G-7 nations to accelerate efforts to slow global warmingEnvironment ministers from seven leading industrialized nations agreed Friday to accelerate efforts to slow global warming, including a commitment to end government support for new coal-fired power plants by the end of this year.
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Also roaring back from pandemic: earth-warming emissions
Read full article: Also roaring back from pandemic: earth-warming emissionsGlobal carbon dioxide emissions related to energy use are being forecast to rise significantly this year, driven by a resurgence in the use of coal to generate electricity.
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Report: World demand for gasoline may never recover
Read full article: Report: World demand for gasoline may never recoverThe world's once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday, March 17, 2021 from the International Energy Agency. (AP Photo/Charles Krupa, File)NEW YORK – The world’s once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday from the International Energy Agency. Oil demand, meanwhile, is expected to continue rising as developing countries with growing populations use more of the fuel. But it is not expected to return to pre-pandemic levels until 2023, according to the Paris-based intergovernmental agency. Gasoline demand is unlikely to fully return because increased demand in the developing world will be offset by consumers shifting to electric vehicles, manufacturers improving fuel efficiency and businesses increasing telework while decreasing travel, the report said.
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Energy-related emissions up in December despite pandemic
Read full article: Energy-related emissions up in December despite pandemicGlobal energy-related carbon dioxide emissions rose slightly in December compared to the same month of 2019, indicating the sharp drop seen due to the pandemic was short-lived. Figures released Tuesday by the International Energy Agency show emissions from the production and use of oil, gas and coal were 2% higher in December 2020 than a year earlier. (AP Photo/Michel Euler, File)PARIS – Global energy-related carbon dioxide emissions rose slightly in December compared with the same month of 2019, indicating the sharp drop seen due to the pandemic was short-lived. Figures released Tuesday by the International Energy Agency show emissions from the production and use of oil, gas and coal were 2% higher in December 2020 than a year earlier. “The rebound in global carbon emissions toward the end of last year is a stark warning that not enough is being done to accelerate clean energy transitions worldwide," said the agency's executive director, Fatih Birol.
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Watchdog: Fossil fuel firms need to curb climate gas leaks
Read full article: Watchdog: Fossil fuel firms need to curb climate gas leaksFILE - In this undated file photo the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska is shown. The International Energy Agency says oil and gas companies aren't doing enough to reduce the release of methane, a potent source of planet-heating emissions, that is seeping out of pipelines and production plants. (AP Photo/Al Grillo, file)BERLIN – The International Energy Agency says oil and gas companies aren't doing enough to reduce the release of methane, a potent source of planet-heating emissions, that is seeping out of pipelines and production plants. Satellite imaging has become an increasingly important tool in pinpointing the source of manmade methane emissions in recent years. ___Read all AP stories about climate change issues at https://apnews.com/hub/Climate
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