World energy use ‘to grow 28% by 2040’

World energy consumption is to increase by 28% between 2015 and 2040. That’s the latest projection from the US Energy Information Administration (EIA). Most of the growth is expected to come from countries that are not in the Organisation for Economic Co-operation and Development (OECD) and especially in nations where demand is driven by strong […]

OECD says progress on green growth ‘is too slow’

Many countries’ progress on green growth is too slow. That’s according to a new report from the Organisation for Economic Co-operation and Development (OECD), which suggests although the world’s nations are generally becoming more efficient, advances in environmental productivity are more modest when emissions from international trade are factored in. The study of 46 countries […]

‘Greener economic policies can boost growth’

Integrating climate change into economic policy can significantly boost growth. That’s according to a new report from the Organisation for Economic Co-operation and Development (OECD), which shows combining these agendas could add 1% to average economic output in G20 countries by 2021 and lift 2050 output by up to 2.8%. When the economic benefits of […]

Carbon emissions ‘not priced at true cost to climate’

Around 90% of the world’s carbon emissions are not priced at a level that truly reflects the cost of climate change. That’s according to the Organisation for Economic Co-operation and Development (OECD) which analysed carbon emissions in 41 OECD and G20 countries, which together account for 80% of all emissions from energy use and CO2. Carbon […]

Hinkley approval: International reaction

  The UK Government’s decision to give the green light to Hinkley could lead to other countries following suit. That’s the view of Agneta Rising, General Director at the World Nuclear Association (WNA), who also said Theresa May’s approval is “very good news for the UK” and the continuation of its good nuclear success. She told ELN: […]

Oil imports to OECD countries fell until March

Imports of crude oil from OPEC countries to OECD nations declined during the first quarter of the year. There were shipments coming only from Iran – which increased by 30% – Iraq and Kuwait, which accounted for a 10% rise, new figures from the International Energy Agency (IEA) revealed. Production of crude oil, natural gas […]

OECD: Air pollution to cost economies $2.6tn per year by 2060

Air pollution could cost economies $2.6 trillion (£1.7tn) annually by 2060. That’s 1% of global GDP, according to a report by OECD. It estimates global economic output will equate to around $330 (£224) per person as annual healthcare costs related to pollution could rise from $21 billion (£14.2bn) last year to $176 billion (£119.6bn) in […]

OECD nations agree to cut export finance for coal

Several major economies including the US, EU and Japan have agreed to restrict public financing for coal-fired power plants in other countries. Under the deal struck by the members of the Organisation for Economic Co-operation and Development (OECD), export financing for the “least efficient” coal power stations will be limited. However funding would still be […]

Global oil demand growth to slow in 2016

The growth in global demand for oil is expected to slow to 1.2 million barrels per day (mb/d) in 2016. That’s according to the International Energy Agency (IEA) which stated world oil supply was around 96mb/d in September. Non-OPEC countries output accounted for under 40% of the 1.8mb/d annual increase. The IEA’s monthly oil report […]

OECD and emerging economies ‘spend $200bn a year in fossil fuels’

OECD countries and key emerging economies spend up to $200 billion (£130bn) annually in fossil fuels. That’s according to a new report by the Organisation for Economic Co-operation and Development (OECD). It stated the economic support in coal is hampering global efforts to tackle climate change. The report studied almost 800 spending programmes and tax […]