Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

Recently, Fatih Birol, Executive Director at the International Energy Agency (IEA), outlined in an article for Financial Times that the world was on the brink of “a historic turning point,” with the demand for fossil fuels set to peak before 2030, although, the decline in oil, gas and coal would not be “steep enough” to meet the requirements of the Paris Agreement and limit global warming to 1.5 C. “Despite recurring talk of peak oil and peak coal over the years, both…

Read More

Global Markets: The IEA’s Warning To Oil Producers

Global Markets: The IEA’s Warning To Oil Producers

In disconcerting news for major oil producing countries, particularly production heavyweights Saudi Arabia and Russia, the Paris-based International Energy Agency (IEA) said on Thursday that the world’s largest oil producing nations are under unprecedented pressure to cut their reliance on energy revenues amid advances in fuel efficiencies and that electric vehicles threaten to undercut demand and erode their finances.

Read More

Press conference: International launch of World Energy Outlook 2015

Press conference with participation of Fatih Birol Executive Director, International Energy Agency (IEA) For the international launch of World Energy Outlook 2015 on Tuesday, 10 November 2015, 10:00 a.m. London time Church House Conference Centre Dean’s Yard, Westminster, SWIP 3NZ London  Big questions abound across global energy markets in 2015: ·         Could oil prices stay lower for longer? What would it take for this to happen and what would it mean for energy security and…

Read More

Energy sector is key to powering prosperity in sub-Saharan Africa

IEA World Energy Outlook Special Report finds that action in the energy sector could unleash an extra decade of growth LONDON, 13 October – Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub‑Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series. More than 620 million people in the region (two-thirds of the population) live without…

Read More