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.
Global electricity demand witnessed a 3.1 per cent jump in 2017 with major contribution coming from China and India. The two nations together accounted for 70 per cent of the rise, International Energy Agency said in a report.
Energy crisis is one of the biggest problems our world is facing today. While the demand for energy is ever-increasing, the energy reserves are rapidly depleting, thus making it imperative to develop and harness renewable energy.
Three years ago, all countries of the world adopted 17 ambitious policy goals to end poverty, protect the planet, promote gender equality, or ensure prosperity, as part of the United Nations Sustainable Development Agenda, and vowed to achieve specific targets by 2030.
According to the International Energy Agency (IEA), India will be the fastest growing energy consumer and market by 2040, resulting in the need for increased use of renewable energy.