IEA

Northvolt’s giant facility will produce 32GWh worth of battery capacity annually once completed

The International Energy Agency says global energy investment is falling short of what would be needed to meet continued robust growth in the world’s energy demand

The International Energy Association warns more capacity needs to be added each year if international climate goals are to be met

The country’s oil production is expected to increase by 1.3m barrels a day during that period

The International Energy Agency says the country’s overall energy system ‘remains heavily reliant on fossil fuels’

It is the second lowest carbon intensive economy among all member countries that are part of the International Energy Agency

They intend to collaborate in areas including the exchange of statistics, policy analysis as well as joint training and events

That was a result of higher energy consumption, which increased at nearly twice the average rate of growth since 2010

The country saw a ‘spectacular growth’ of 2.2m barrels per day last year

Their share is forecast to increase from 25% today to more than 40% by 2040