Oil and gas sector ‘requires wide-ranging reforms’

The IEA says the sector needs to adapt to face “unprecedented challenges”

Energy efficiency improvements ‘could save more than $500bn per year’

The IEA claims the right policies could help extract twice as much economic value from energy

IEA: Governments must strengthen energy efficiency policies

Energy efficiency improvements could slide unless global governments continue implementing new policies. That’s according to a new report by the International Energy Agency (IEA), which shows global energy intensity, i.e. energy used per unit of GDP, fell by 1.8% in 2016, suggesting more value was generated from the same amount of energy. The world would […]

Global gas demand ‘to rise 1.6% each year’

Global gas demand is expected to see annual growth of 1.6% for the next five years. That’s according to the International Energy Agency (IEA), which says consumption will reach almost 4,000 billion cubic meters (bcm) by 2022, up from 3,630bcm last year. The organisation says this will be driven by new US supplies feeding growing demand in developing economies, combined […]

‘Subsidies are a roadblock to a clean energy future’

Many energy subsidies are a roadblock to a cleaner and more efficient future. That’s according to Toshiyuki Shirai, Senior Energy Analyst for the International Energy Agency’s World Energy Outlook team, who says most government subsidy policies in the world’s energy markets should be reformed. He suggests subsidies result in energy prices that don’t reflect their real market value or the full environmental and social costs attached. […]

Oil supply could fall behind demand by 2020

Global oil supply could struggle to keep pace with demand after 2020 unless new projects are approved soon. That’s according to the latest five-year oil market forecast from the International Energy Agency (IEA), which says this would be likely to cause a sharp increase in prices. The report suggests the global picture appears comfortable for the next […]

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 […]

Wind could be nearly fifth of world’s power by 2050

Wind could be the source of 15-18% of all the world’s power by 2050 if the right actions are taken, according to a new report from the International Energy Agency (IEA). It said advances in technology meant it had bumped up the 12% target previously made in its 2009 report. The report found that with […]

IEA: Germany must cut costs of renewables switch

The German Government needs to do more to protect consumers from paying too much for the transition costs to renewables. That’s according to the International Energy Agency (IEA) in its latest review of German energy policies following the nation’s ambitious aim to switch from nuclear power and fossil fuels to renewable energy. The IEA warned […]

IEA commends renewables’ role in Finnish policy

The International Energy Agency (IEA) has praised the Finnish Government’s energy policies and its commitment to a sustainable energy future. It said Finland’s energy policy framework is “broad and coherent” covering all sectors, which includes an ambitious renewable energy programme as it aims to generate 38% of its energy from renewables by 2020. Maria van […]