1. The IEA Highlights the Benefits of Renewable Energy in its New Report The International Energy Agency (IEA) released a new report highlighting the benefits of renewable energy, including reduced air pollution, improved energy security and greater economic development. The report, titled “The Power of Transformation: Wind, Sun and the Economics of Flexible Power Systems,” found that flexible power systems can help integrate renewables into the grid and boost the share of renewables in the power mix. The IEA also highlighted the need for governments to provide reliable and consistent policy frameworks to support the deployment of renewable energy technologies. The report also noted that the cost of renewable energy is decreasing, making it increasingly competitive with traditional forms of energy.
Lithium demand could go into overdrive, especially with electric vehicle sales set to accelerate. According to the International Energy Agency (IEA), “Global sales of electric cars are set to surge to yet another record this year, expanding their ...
OPEC warned the International Energy Agency (IEA) last week that it should be “very careful” about discouraging oil investments. This comes following reports the previous month about the severe underinvestment in oil and gas, as demand for fossil fuels ...
Fatih Birol, Executive Director of the International Energy Agency, speaks to CNBC's Martin Soong on the sidelines of the G-7 leaders' summit in Hiroshima, Japan. He says 60% of the increase in oil demand is expected to come from China, and outlines the energy risks that Europe faces.
The International Energy Agency's report on global energy investment in 2023 highlights both encouraging progress and lingering challenges. While the
LONDON — Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA)said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy was up by nearly a quarter since 2021 compared to a 15% […]