Demand for electricity is set to explode in the next two decades, which could be good news for the environment but a challenge for governments and power companies, the IEA said Tuesday.
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday.
The world’s biggest oil and gas producers are under unprecedented pressure to cut their reliance on energy revenues, as advances in fuel efficiencies and electric vehicles threaten to undercut demand and erode their finances, the International Energy Agency said on Thursday.
A global effort to deploy the right energy efficiency policies could, on its own, see greenhouse gas emissions peak quickly and then fall even as the global economy doubles between now and 2040, the IEA’s analysis on energy efficiency said on Friday.
India’s efforts in providing energy access to those without it have come in for praise by the International Energy Agency (IEA).
The International Energy Agency (IEA) is ready to act if “necessary to ensure that markets remain well supplied,” the IEA’s Director for Energy Markets and Security, Keisuke Sadamori, told S&P Global Platts on Friday.
The International Energy Agency (IEA) has estimated that India will lead the world in terms of the power consumed for residential cooling. The agency estimates that India’s cooling-related energy demand will soar from 90 terawatt hour in 2016 to 1,350 terawatt hour (TWh) in 2050 — a 15-fold increase.
International Energy Agency (IEA), the Paris-based autonomous inter-governmental organisation, has showered praise on India’s mega electrification and clean fuel drive in its latest report.
OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agencysaid on Friday, signalling that the markets could become too tight if supply remains restrained.
As the auto industry is betting big for electric vehicles mainly to maintain cost, cut oil consumption, and reduce pollution.