LONDON : Global additions of renewable power capacity are expected to rise by a third this year, the International Energy Agency (IEA) said on Thursday, as stronger government policies and energy security concerns drive more clean energy deployment. In its Renewable Energy Market update report, the IEA said additions of renewable capacity worldwide are set […]
Energy majors go slow on green transition despite pressure – EQ Mag
Most oil majors are stepping up investments in green energy but they are facing a barrage of recriminations and protests from activists for their refusal to completely forsake fossil fuels. Campaigners again used a series of shareholder meetings in the past month to make their anger known and push energy firms to do more to […]
Solar investment outshines oil: IEA – EQ Mag
Annual investment in clean energy is expected to have risen by 24% from 2021 Global investments in clean energy technologies are set to exceed $1.7 trillion in 2023 with solar set to eclipse oil production spending for the first time, the International Energy Agency (IEA) said. In a forecast on how the energy transition is […]
Global clean energy investment to be over $1.7 trillion in 2023: IEA – EQ Mag
New Delhi : India is emerging as a global leader in clean energy investment, surpassing spending on fossil fuels, as the country accelerates its transition towards sustainable energy solutions, according to a report released by the International Energy Agency (IEA) on Thursday. Of the projected $2.8 trillion global energy investment for 2023, more than $1.7 […]
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals – EQ Mag
JAKARTA, Indonesia : Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. But investments in coal are on course to rise by about 10% […]
Russian oil exports hit post-invasion high: IEA – EQ Mag
Russia’s oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by $1.7 billion despite Western sanctions, the International Energy Agency said Tuesday. The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating that the country still needs to deliver […]
How can smart charging steer electric vehicle uptake in India? – EQ Mag
Electric vehicles can support renewable energy integration under the right policies The government of India announced ambitious energy transition plans at COP26, saying it will deploy 500 GW of renewable electricity generation capacity by 2030 and sign up to the global EV30@30 campaign. The renewables plan would triple India’s renewables capacity and the campaign calls […]
Electric vehicles to displace over 5 million bpd of oil demand a day by 2030: IEA – EQ Mag
Electric vehicles (EVs) are set to displace over 5 million barrels of oil demand per day based on current policy settings, according to the International Energy Agency (IEA). The IEA, in its recent report titled ‘Global EV Outlook 2023’, claims that at the global level, oil displacement by EVs reaches 1.8 million barrels per day […]
Demand for electric cars ‘booming’: IEA – EQ Mag
The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels of oil a day by 2030 Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car […]
Smaller EV prices to come down as EV sales climb, IEA says – EQ Mag
BERLIN : Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because […]