Slower global gas demand growth by 2021, says IEA

Growth in natural gas demand will slow to 1.5%  per year globally by 2021. That’s according to the International Energy Agency (IEA) which last year predicted a gas demand growth of 2% for the same period. Cheaper coal prices and strong renewables growth are among the reasons which are blocking gas from expanding more rapidly […]

Mexico seeks to join International Energy Agency

Mexico plans to join the International Energy Agency (IEA). The IEA works to ensure reliable, affordable and clean energy for its 29 member countries. It focuses on energy security, economic development, environmental awareness and engagement worldwide. Mexican Secretary of Energy Pedro Joaquín Coldwell presented an official letter declaring the Mexico’s interest in becoming a member […]

Fatih Birol named head of energy watchdog

The chief economist of the International Energy Agency (IEA) has been confirmed as the next head of the organisation. Fatih Birol applied to be the executive director of the IEA and will replace Maria van der Hoeven when she completes her four-year term at the end of August. Mr Birol has served as chief economist […]

Global emissions hit record levels

Global CO2 emissions hit a record high of 31.6 gigatonnes in 2011. According to the International Energy Association (IEA) the new peak, which is 1Gt higher than the year before, threatens to scupper plans to prevent global warming. The IEA has a climate change scenario which requires global CO2 emissions to reach a maximum of 32.6 […]

New recession looms over oil price, says IEA

If oil prices continue to rise, the world could be plunged back into recession. That’s the warning form the International Energy Association’s Chief Economist, who said that oil price spikes have preceded each global recession since the early 1970s. Dr. Fatih Birol, IEA Chief Economist said: “The current price levels are on average higher than […]

Merry Christmas to all our readers!

I’d like to take this chance to say thanks to all of you for reading and watching ELN over the past year. What a year 2011 has been in terms of energy and in terms of our growth. Next week we’ll bring you a review of the year and you’ll see just how much has […]

Policy change needed to avert Climate Change, warns IEA

Unless drastic changes to world energy policy come about in the next five years we will witness irreversible damage through dangerous increasing temperatures due to fossil fuel emissions. These were the stark warning words from the International Energy Association, who yesterday presented their new ‘World Energy Outlook 2011’. They say that if current policies remain […]

Cutting nuclear increases fossil fuel use

A reduction in global nuclear energy generation would have a major effect on climate change, as well as energy security and the global economy, according to the new ‘World Energy Outlook’ report from the International Energy Agency. After the Fukushima disaster last March several countries have turned their backs on nuclear, which raised more questions […]