All posts tagged: IEA

IEA: Global EV sales headed for another record year despite the slowdown

IEA: Global EV sales headed for another record year despite the slowdown

Published by skeptic

BYD Denza Z9 GT makes its European debut (Source: BYD) According to the International Energy Agency’s (IEA) new Global EV Outlook, electric car sales are expected to hit 23 million in 2026, making up nearly 30% of all new cars sold worldwide. That comes after EV sales topped 20 million in 2025, up 20% year over year, with 1 in 4 new cars sold globally now electric. The IEA says global EV sales momentum is continuing despite the ongoing energy crisis tied to the war in the Middle East. And in many places, rising fuel prices are actually making EVs look even more attractive to buyers. EV sales dipped early in 2026 but most regions are still growing Global EV sales fell 8% in Q1 2026 compared to the same period last year, following policy changes in China and the US. But that headline number doesn’t tell the full story. For example, close to 55% of new cars sold in China – 13 million – were electric in 2025, maintaining its spot as the world’s …

Tackling methane emissions key for climate change and energy security: IEA | Climate Crisis News

Tackling methane emissions key for climate change and energy security: IEA | Climate Crisis News

Published by Sam Flores

Dealing with emissions could help alleviate effects of Iran crisis on global energy supply, says report. Published On 4 May 20264 May 2026 Tackling methane emissions in the fossil fuel sector would help efforts to hold back climate change and increase energy security, especially as the Iran crisis threatens global supplies, according to a report by the International Energy Agency (IEA). The oil, gas and coal industries account for about 35 percent of all methane emissions from human activity, notes the IEA’s Global Methane Tracker 2026, released on Monday. However, there is little progress in reducing them, the report points out. Recommended Stories list of 4 itemsend of list “There is still no sign that methane emissions from fossil fuel operations are falling, despite well-known and proven mitigation pathways,” the IEA said. Methane, the second-biggest contributor to climate change, stays in the atmosphere for far less time than carbon dioxide, but its warming effect is roughly 80 times more potent over a 20-year period. The IEA estimates that methane emissions from oil, gas and coal …

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says | Oil

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says | Oil

Published by Sam Flores

The oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world’s leading energy economist said. Fatih Birol, the executive director of the International Energy Agency (IEA), also said that, despite pressure, the UK should forgo much of its potential North Sea expansion. Speaking exclusively to the Guardian, Birol said a key effect of the US-Israel war on Iran was that countries would lose trust in fossil fuels and demand for them would reduce. “Their perception of risk and reliability will change. Governments will review their energy strategies. There will be a significant boost to renewables and nuclear power and a further shift towards a more electrified future,” he said. “And this will cut into the main markets for oil.” Birol said there was no going back from the crisis: “The vase is broken, the damage is done – it will be very difficult to put the pieces back together. This will have permanent consequences for the global energy …

IEA: Solar overtakes all energy sources in a major global first

IEA: Solar overtakes all energy sources in a major global first

Published by skeptic

Image: Springwell Solar Farm Global energy demand growth slowed in 2025 – but electricity use is still surging, and solar just hit a major milestone, according to the International Energy Agency (IEA). According to the IEA’s newly released 2026 Global Energy Review, overall energy demand rose 1.3% last year. That’s slightly below the previous decade’s average and well down from 2024. The slowdown was caused by weaker economic growth, milder weather in some regions, and more efficient technologies. But zoom in on electricity, and it’s a very different story. Global electricity demand jumped around 3% in 2025 – more than twice as fast as overall energy demand. Even though that growth cooled slightly from 2024 (thanks in part to less extreme heat in places like India and Southeast Asia), it’s still running ahead of the long-term average. Advertisement – scroll for more content What’s driving it is a number of factors: more electrification in buildings and industry, rising EV adoption, and growing power demand from data centers. Solar leads global energy growth for the first …

IEA Head Warns Iran War Sparked Energy Crisis Worse Than 1970s Oil Shocks, Ukraine Fallout

IEA Head Warns Iran War Sparked Energy Crisis Worse Than 1970s Oil Shocks, Ukraine Fallout

Published by Jenni Sidey

The head of the International Energy Agency intensified his apocalyptic warning about the global energy crisis, stating early Monday that the US-Israel war with Iran has sparked a shock far greater than the twin oil crises of the 1970s and the turmoil from the war in Ukraine combined. US-Israeli Operation Epic Fury has entered its fourth week, and emerging from the fog of war is the understanding that 44 energy assets across the Gulf region have been severely or very severely damaged by either U.S. and allied forces or by Iranian forces, according to IEA Executive Director Fatih Birol, who spoke at a media event in Australia on Monday. “This crisis, as things stand, is now two oil crises and one gas crash put all together,” Birol warned at the National Press Club of Australia in Canberra. So far, the conflict has removed 11 million barrels of oil per day from global supply, which is more than the two prior oil shocks combined. There are concerns that repairs to QatarEnergy’s damaged LNG facility could take …

IEA nations agree to largest-ever oil reserve release to alleviate Iran war price hike

IEA nations agree to largest-ever oil reserve release to alleviate Iran war price hike

Published by Sam Flores

Countries that are members of the International Energy Agency (IEA) will release the largest-ever amount from their oil stockpiles to alleviate price spikes caused by the conflict in Iran. “IEA countries have unanimously decided to launch the largest ever release of emergency oil stocks in our agency’s history,” IEA Executive Director Fatih Birol said in… Source link

IEA members to tap into oil reserves : NPR

IEA members to tap into oil reserves : NPR

Published by Sam Flores

International Energy Agency Executive Director Fatih Birol speaks in Brussels on Friday during a media conference regarding recent developments in global energy markets. Omar Havana/AP hide caption toggle caption Omar Havana/AP On Wednesday, the International Energy Agency (IEA) announced member nations would release a total of 400 million barrels from their strategic reserves of oil, as the war in Iran continues to cause the worst disruption to energy markets in decades. The unanimous decision by the members of the IEA, which represents some of the world’s biggest oil-consuming nations, is meant to address the acute disruption in oil trade caused by the war. It’s the largest release of crude oil the IEA has ever coordinated, and only the sixth time the group has released oil to balance crude markets. IEA Executive Director Fatih Birol said on Wednesday that the decision by IEA members, who together control some 1.8 billion barrels of stockpiled oil, is a “major action” meant to alleviate the disruption of oil markets. “But to be clear, the most important thing for a …

IEA: Electricity demand is rising fast, and grids can’t keep up

IEA: Electricity demand is rising fast, and grids can’t keep up

Published by skeptic

Photo by Jakub Zerdzicki on Pexels.com Global electricity demand is surging, and the grid is struggling to keep up, according to a new report from the International Energy Agency (IEA). Global power demand is set to grow by more than 3.5% per year on average through the rest of the decade – far faster than overall energy demand and far quicker than grid expansion in many regions. The growth is being driven by EVs, data centers, and AI, rising industrial electricity use, and something much more basic: more air conditioners running in a warming world. The report, Electricity 2026, looks at global electricity markets through 2030 and argues that we’ve entered what the IEA calls the “Age of Electricity.” Power demand is expected to grow at least 2.5 times faster than total energy demand over the next five years, with both emerging economies and advanced economies contributing to the surge. After roughly 15 years of flat electricity consumption, wealthy countries are now back on a growth track – and they’ll account for about one-fifth of …