In Short : The IEA reports innovation gaps in heavy industry and transport despite a $60 billion decarbonization pipeline. Steel, cement, and chemicals need stronger policies like carbon pricing and green procurement. In transport, better lithium-ion batteries and hydrogen fuel cells are crucial. Coordinated global efforts are required to accelerate low-carbon technology adoption and close […]
IEA-Grid congestion is posing challenges for energy security and transitions – EQ
In Short : Grid congestion threatens energy security and slows the transition to renewables. Overloaded transmission networks cause blackouts, high costs, and renewable curtailment. Solutions include expanding smart grids, enhancing energy storage, and using decentralized systems like microgrids. Digitalization and demand response can optimize distribution, ensuring a resilient and efficient energy future. Upgrades are essential […]
IEA-Growth in global energy demand surged in 2024 to almost twice its recent average – EQ
In Short : Global energy demand surged in 2024, growing nearly twice the recent average. Driven by economic recovery, industrial growth, extreme weather, and rising AI-driven power needs, demand spiked across fossil fuels and electricity. China, India, and data centers led the surge. The imbalance strained supply chains, increased prices, and raised carbon emissions, challenging […]
IEA-Growth in global energy demand surged in 2024 to almost twice its recent average – EQ
In Short : Global energy demand witnessed a sharp surge in 2024, growing nearly twice the recent average, driven by economic recovery, industrial expansion, and extreme weather events. Increased consumption of electricity, oil, and gas intensified supply challenges, highlighting the urgent need for accelerated renewable energy deployment and energy efficiency measures to balance rising demand […]
IEA-The battery industry has entered a new phase – EQ
In Short : According to the International Energy Agency (IEA), the global battery industry has entered a new growth phase driven by surging demand for electric vehicles and renewable energy storage. Falling costs, technological advancements, and expanding production capacities are reshaping the sector, positioning batteries as a key enabler of the global clean energy transition […]
IEA-Rising component prices and supply chain pressures are hindering the development of transmission grid infrastructure – EQ
In Short : Rising component prices and supply chain disruptions are significantly impeding the development of transmission grid infrastructure. These challenges are causing delays and increased costs in projects essential for modernizing and expanding power networks. Addressing these issues requires strategic planning, investment in local manufacturing, and enhanced supply chain resilience to ensure the timely […]
IEA Executive Director addresses world leaders on crucial AI-energy nexus at international summit chaired by France and India – EQ
In Short : At the AI Action Summit, co-chaired by France and India, IEA Executive Director Fatih Birol highlighted AI’s massive energy demands and the need for global coordination. He announced an IEA report on AI-energy challenges and a new Observatory on AI and Data Centers, emphasizing sustainable power solutions to support AI’s rapid expansion. […]
IEA to host 20th Energy Efficiency Policy Training Week in Paris – EQ
In Short : The International Energy Agency (IEA) will host the 20th Energy Efficiency Policy Training Week in Paris. This event will bring together global policymakers, experts, and industry leaders to share best practices, develop innovative strategies, and strengthen global collaboration on energy efficiency. The training aims to accelerate sustainable energy transitions and support nations […]
Much faster progress on energy efficiency is needed to meet global 2030 goal – EQ
In Short : The world needs accelerated efforts in energy efficiency to achieve the global 2030 targets. Despite progress, current advancements fall short of the pace required to meet climate goals and reduce energy consumption. Governments, industries, and individuals must prioritize energy-efficient technologies, policies, and practices to bridge the gap and ensure a sustainable energy […]
IEA to hold major Global Conference on Energy Efficiency in Brussels in June 2025 – EQ
In Short : The International Energy Agency (IEA) will host a major Global Conference on Energy Efficiency in Brussels in June 2025. This event will gather policymakers, industry leaders, and experts to discuss innovative strategies and solutions for advancing energy efficiency worldwide. The conference aims to accelerate global efforts toward sustainability and achieving energy and […]