Page 2 - International Energy Agency

India and the IEA: Friends with benefits?

Expanding the global energy body membership to include India is crucial for ensuring global energy security

Govt in talks with ministers of IEA member countries for full membership

Ministers from the International Energy Agency's member countries have begun talks with India on its application to become a full member of the Paris-based agency of 31 nations, IEA said on Wednesday. In a statement issued after IEA's 2024 ministerial meeting in Paris, the agency said the talks with India are in recognition of the country's "strategic importance" in tackling global energy and climate challenges. "The Ministerial gave the IEA a strong mandate to deepen cooperation with major emerging economies. This includes starting discussions with India on its request for full IEA membership," it added. India, which joined the IEA as an associate member in 2017, sent a formal request for full membership in October 2023. "Ministers recognised the 'strategic importance' of India in tackling global energy and climate challenges," IEA said. Addressing the meeting through video conferencing, Prime Minister Narendra Modi said India is the world's fastest-growing major economy. "Susta

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India will be world's biggest oil demand growth driver through 2030: IEA

The country is already second largest net importer of the fuel, say agency in report on energy security

Ensuring energy security

India must explore both domestic reform and foreign outreach

India to be largest global oil demand growth driver through 2030: IEA

The agency forecast India's demand would reach 6.6 million bpd in 2030, up from 5.5 million bpd in 2023

IEA will expedite 2025 oil demand forecast after Opec's early move

OPEC believes oil use will keep rising over the next two decades, while the IEA, which represents industrialised countries, predicts it will peak by 2030

Indian oil product demand growth to slow ahead: International Energy Agency

Indian oil product deliveries edged higher in November but were underwhelming compared to the usual seasonal rise, the agency noted. Deliveries in November increased by 40,000 barrels per day

India, International Energy Agency hold meet to discuss cooperation

The IEA delegation was led by Deputy Executive Director Mary Burce Warlick, the MEA informed, adding that the two sides held discussions on New Delhi's cooperation with the global agency

India's natural gas demand to rise 4% in 2023: International Energy Agency

Global natural gas demand growth to slow to 1.6 % till 2026, down from 2.5%

Private sector must cover 90% of climate investment in Ems, says IMF

The IMF said phasing out coal is necessary to reach climate goals, though it is challenging as many EMDEs highly depend on coal

'Net zero goal still alive', says IEA but world still faces major obstacles

Net zero goal still alive, says IEA but the world still faces major obstacles to reach it

Global demand for fossil fuels to peak before 2030, says IEA director

Fatih Birol added that this is the first time that a peak in demand is visible for each fuel this decade, and it is earlier than most people anticipated

G20 ETWG: Consensus of energy efficiency, hydrogen still to be ironed out

The International Energy Agency in a report last month noted - ramping up annual energy efficiency progress over 4 per cent annually by 2030

World not on track to reach energy goal, 2.3 bn use polluting fuel: Report

The report said that at the current estimate, 660 million people are projected to be without electricity and 1.9 billion won't have clean cooking opportunities by 2030

Investments in green energy now 70% higher than in fossil fuels: IEA

The Paris-based agency said that the war in Ukraine has accelerated momentum behind the deployment of clean energy technologies

Solar power investment set to surpass oil production spending this year

The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas

Carbon dioxide emissions reached a record high in 2022, says IEA

In Europe, electricity generation from wind, solar power exceeded gas or nuclear for the first time

SUV growth weighs on emissions, batteries: International energy agency

Ever bigger cars pose a growing problem for the environment because they produce more greenhouse gas emissions and need larger batteries than their smaller cousins, according to the International Energy Agency. The Paris-based body suggested Monday that it's time for the car industry to downsize its vehicles, citing data that showed the world's 330 million sports utility vehicles, or SUVs, pumped out almost 1 billion metric tons of carbon dioxide in 2022. That's more than the annual emissions of an industrial nation like Germany. The shift towards heavier and less fuel-efficient conventional vehicles increases growth in both oil demand and CO2 emissions," the agency said, noting that SUVs consume about a fifth more gasoline than an average medium-sized car. Between 2021 and 2022, oil use in conventional cars, excluding SUVs, remained roughly the same, but the oil consumption of SUVs globally increased by 500,000 barrels per day, accounting for one-third of the total growth in oil .

No excuse for high methane emissions: Energy agency chief Fatih Birol

The International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming. Economic uncertainty, high energy prices and concerns over security of supply, which would have led to emissions cuts in 2022, were ineffective as methane emissions remained stubbornly high, the report said. Methane cuts are among the cheapest options to limit near-term global warming," said IEA's executive director Fatih Birol. "There is just no excuse. The IEA's annual Methane Gas Tracker found that 75 per cent of methane emissions from the oil and gas sector can be reduced with far cheaper and readily available technologies. Methane, which makes up natural gas, can escape into the air from oil and gas infrastructure. Fossil fuel companies may also flare or burn off excess gas that can release methane into the atmosphere. The report slammed oil and gas majors' refusal to pay up the some USD 100 billion need