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Global Electricity Demand Surges

Global electricity demand is rising at its fastest rate in years, propelled by robust economic growth, intense heat waves, and the increasing...

Global Coal Demand Set for Decline by 2026

The International Energy Agency's latest market report forecasts a significant decline in global coal demand by 2026, marking a potential historic turning point. While coal demand is expected to reach an all-time high in 2023, the report underscores the pivotal role of renewable energy expansion in driving this shift and highlights the accelerating shift in coal demand and production to Asia."

COP28; IEA Warns Commitments Insufficient for 1.5°C Goal

: IEA analysis warns that COP28 pledges on renewable, energy efficiency, and methane fall short of the drastic emissions reduction needed to achieve the 1.5°C global warming target. The study indicates that even if fully delivered, current commitments would only close around 30% of the emissions gap required for a climate-resilient future.]

Global Push for Energy Efficiency Gains Traction

Despite increased policy measures promoting energy efficiency, progress remains insufficient to meet climate targets, warns the Energy Efficiency 2023 market report by the International Energy Agency (IEA).

Industry at Crossroads: IEA’s Call for a Shift in Energy Landscape

Amid current policy trajectories, global demand for oil and gas is projected to peak by 2030, with even steeper declines expected under ambitious climate-focused actions, said the International Energy Agency (IEA) in a recent report. The report underlines the sector's pivotal role in either perpetuating the climate crisis or embracing a transformative shift towards clean energy.

Urgent Need to Upgrade, Expand Electricity Grids to Meet Climate Goals

Achieving national climate and energy objectives will necessitate the addition or replacement of 80 million kilometres of power lines by 2040, equivalent to the entire existing global grid, says the International Energy Agency (IEA). In its report Electricity Grids and Secure Energy Transitions," the IEA says that substantial changes in grid operations and regulations are imperative, and annual investments in grids need to double to over USD 600 billion by 2030.

Decisive Efforts to Cut Methane Emisions

Rapid reductions in methane emissions from fossil fuels could help avoid up to 0.1°C of global temperature rise by mid-century – a figure greater than the emissions impact of removing all cars and trucks from the world's roads, according to a new report from the International Energy Agency (IEA).

Insufficient Progress in Clean Energy Transitions

The present efforts in clean energy and sustainability aren't meeting the required levels of investment and deployment to achieve international climate goals, according to a latest report.

Challenges in Decarbonising the Road Freight Sector

Economic expansion and population growth are expected to drive higher demand for Road Freight, according to a recent study from the International Energy Agency. Moreover, the report finds that electric and fuel cell options are not always available or economically viable for the entire road freight sector.

India halved people without access to clean cooking since 2010: IEA

With Major strides in clean cooking access, India has halved the number of people without access to clean cooking since 2010, according to the International Energy Agency report.