Mozambique and the International Energy Agency (IEA) are working to attract more investment in the sector to the country. This was announced by the executive director of the IEA, Fatih Birol, in a brief meeting with the press in Rome, the Italian capital, on Sunday, minutes after the end of an audience with...
Tag: IEA
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IEA predicts fossil fuel peak and warming of 2.4 degrees
Peak fossil fuel consumption will be reached this decade, but it won't be in time to prevent global warming of 2.4 degrees Celsius, the International Energy Agency (IEA) has warned, as quoted by Notícias ao Minuto. In a report, the IEA pointed out that the accumulated warming so far is already around 1.2 degrees Celsius...
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"Renewables production capacity to triple this year", -AIE
A report published this Thursday estimates that the world's capacity to generate electricity from renewable sources is set to increase threefold this year in the face of rising fossil fuel prices and concerns about energy security. According to the International Energy Agency, these factors are "driven by a strong deployment of...
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IEA forecasts oil demand to reach new record in 2023
Global oil demand will reach a new record of 101.7 million barrels per day in 2023, driven by the recovery of China and commercial aviation, the International Energy Agency (IEA) revealed on Wednesday. In its monthly report on the oil market, the IEA, quoted by Lusa, sees demand rising by 1.9 million barrels...
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IEA does not rule out oil price hikes in 2023
The International Energy Agency (IEA) warned this Wednesday that it does not rule out an increase in the price of crude oil in 2023 due to the tightening of the global market, despite the current phase of decline caused by the weakening of the world economy. In its monthly report on the oil market, the IEA highlights how the price has fallen by around...
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IEA predicts doubling of renewable energy capacity in the next five years
The International Energy Agency (IEA) forecasts a doubling of installed renewable energy capacity worldwide over the next five years, with an unprecedented growth of 2,400 gigawatts, the equivalent of the last 20 years. In the annual report on renewable energies published today, the IEA focuses mainly on the evolution of clean energies...
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Africa needs 25 billion annually to secure electricity
It will take $25 billion annually over the next decade to ensure that the entire African continent has access to electricity, the equivalent of the amount needed to build a new liquefied natural gas (LNG) terminal every year, estimates the International Energy Agency (IEA). "The immediate and absolute priority for...
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"Oil demand expected to surpass pre-pandemic levels next year," IEA warns
Global demand for oil will rise and exceed the demand recorded during the pre-pandemic period due to the war in Ukraine. This is the main conclusion of the new report of the International Energy Agency (IEA), released on Wednesday, which reveals that after gains of 1.8 million barrels per day this year, global demand...
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IEA lowers projections again for global oil demand in 2022
The IEA today further revised downward global oil demand for this year and is confident that this and the additional contribution of major Middle East producers will avoid a deficit caused by falling Russian exports. In the monthly report on the oil market, quoted by Lusa, the International Energy Agency...
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"Russia's oil production to shrink 25%," IEA estimates
Russia's oil production could fall by about a quarter as early as next month, the International Energy Agency (IEA) warned in its monthly report this Wednesday. The invasion of Ukraine has prompted Western countries to move forward with a series of economic sanctions on Moscow, leading several companies to cut their relations with...