• By boosting renewables & power sector efficiency, economies in the Middle East & North Africa could free up natural gas for export while accelerating their clean energy transitions. More from IEA’s @WannerBrent & @alialsaffar in our recent commentary ? Link
    International Energy Agency Thu 11 Aug 2022 13:19

    Oil and gas producers in the Middle East and North Africa have been a cornerstone of the global energy system for decades, recently accounting for about 50% of oil exports and 15% of natural gas exports worldwide. As markets tighten due to lost supplies from Russia following its invasion of Ukraine, Middle Eastern and North African producers with a long track record of providing stable energy supplies could play a vital role in averting global shortages.  

    But this near-term increase in demand for oil and gas from non-Russian suppliers contrasts with the need for longer-term structural declines in global fossil fuel use as energy systems transition towards cleaner energy sources. The immediate incentives facing producers amid today’s crisis could lead to longer-term investments that are inconsistent with sustainable energy pathways. How can these tensions be reconciled?

    The producer economies of the Middle East and North Africa have various options to...

  • Electricity prices are skyrocketing around the ?, more than tripling in many markets. In the first half of 2022, average natural gas prices in Europe were 4 times as high as in the same period in 2021, while coal prices were more than 3 times as high ? Link https://t.co/cr4XkEnbQN
    International Energy Agency Thu 11 Aug 2022 11:38
  • Soaring oil use for power generation & gas-to-oil switching amid high natural gas & electricity prices are boosting global demand. At the same time, world oil supplies are rising, hitting a post-pandemic peak last month. Learn more ?? Link
    International Energy Agency Thu 11 Aug 2022 09:48
    This service includes the PDF report (which provides information on supply, demand, stocks, prices and refinery activity) and tables in the report. Subscriptions run over 1 or 2 years (a 10% discount is applied on 2-year subscriptions), from date to date.
  • RT @fbirol: As a major fuel exporter, Russia’s invasion of Ukraine has thrown global energy markets into turmoil. @IEA’s data tool examine…
    International Energy Agency Thu 11 Aug 2022 09:07
  • ? “The unfolding food supply crisis highlights the interconnected nature of energy & food supply security” More from IEA's @pg_levi & Gergely Molnar on how the energy crisis is putting pressure on global food supply chains & how governments can help ?? Link https://t.co/uMAezQO1Ar
    International Energy Agency Thu 11 Aug 2022 08:02

    Food prices have increased steeply over the last two years and appear set to go higher following Russia’s invasion of Ukraine, putting millions of people at risk. While the current tensions in food supply chains are caused by a multitude of factors, the link with the global energy crisis should not be overlooked. The disruptions caused by Russia’s war in Ukraine have brought the intertwined nature of the world’s energy and food supply chains into sharp focus.

    According to the World Food Programme, the number of people facing acute food insecurity more than tripled between 2017 and 2021, and could further increase by 17% to 323 million this year as a result of Russia’s war in Ukraine.

    The surge in food prices since mid-2020 has been driven by factors such as the recovery in demand following the Covid-19 crisis, adverse weather impacts on supply, a growing number of trade restrictions on food products, and rapidly soaring input costs, notably energy and...

  • Renewables are on course to break new records this year, as governments take advantage of their energy security & climate benefits. China leads the way in capacity additions, while expansion is accelerating in Europe, India & Latin America ?? Link https://t.co/TPiQ9VcFOD
    International Energy Agency Wed 10 Aug 2022 16:07

    "Energy market developments in recent months – especially in Europe – have proven once again the essential role of renewables in improving energy security, in addition to their well-established effectiveness at reducing emissions."

  • Disruptions caused by Russia’s war in Ukraine have brought the intertwined nature of global energy & food supply chains into sharp focus This recent commentary examines the impacts of high natural gas prices on fertilisers & the potential responses ? Link https://t.co/ePPkNeWejh
    International Energy Agency Wed 10 Aug 2022 14:32

    Food prices have increased steeply over the last two years and appear set to go higher following Russia’s invasion of Ukraine, putting millions of people at risk. While the current tensions in food supply chains are caused by a multitude of factors, the link with the global energy crisis should not be overlooked. The disruptions caused by Russia’s war in Ukraine have brought the intertwined nature of the world’s energy and food supply chains into sharp focus.

    According to the World Food Programme, the number of people facing acute food insecurity more than tripled between 2017 and 2021, and could further increase by 17% to 323 million this year as a result of Russia’s war in Ukraine.

    The surge in food prices since mid-2020 has been driven by factors such as the recovery in demand following the Covid-19 crisis, adverse weather impacts on supply, a growing number of trade restrictions on food products, and rapidly soaring input costs, notably energy and...

  • Renewable power generation is growing faster than overall demand in 2022, driven by strong capacity additions. This is leading to a slight drop in global power sector carbon emissions, despite rising coal use in Europe amid today’s gas crisis. More ? Link https://t.co/MzzZTJgr53
    International Energy Agency Wed 10 Aug 2022 13:17
  • ? “Supply uncertainty, high prices & urgent climate targets all point to the value of energy efficiency & energy savings” Our new commentary explores how awareness & behaviour campaigns can empower citizens to save energy amid today’s energy crisis ? International Energy Agency Wed 10 Aug 2022 10:16

    The correct messaging sets the foundation for an effective awareness campaign.

    The first choice is narrative: what themes or stories will be used to communicate the issues and prompt the desired actions. Campaigns typically focus the narrative around three approaches:

    1. Saving money: for example, the America Saves save energy save money campaign gives homeowners energy tips based on real cost-saving projections.

  • Ensuring resilient & sustainable EV supply chains will be vital to keep up sales momentum. Today, ?? is at the heart of the value chain, making up 75% of battery production capacity. ??& ?? are working to support domestic supply chain development: Link https://t.co/TFtnx3CEbi
    International Energy Agency Wed 10 Aug 2022 08:05
  • The world needs more diverse solar panel supply chains to ensure a secure transition to net zero emissions. Read more in our new Special Report on Solar PV Global Supply Chains ? Link https://t.co/SMniFLMM3A
    International Energy Agency Tue 09 Aug 2022 20:48
  • Natural gas is an essential component of many fertilisers. As gas prices rise due to Russia’s war in Ukraine, this adds to mounting pressure on food supply chains around the world. Read more in this new commentary from IEA’s @pg_levi & Gergely Molnar ? Link https://t.co/hzvnrlgbqN
    International Energy Agency Tue 09 Aug 2022 17:46

    Food prices have increased steeply over the last two years and appear set to go higher following Russia’s invasion of Ukraine, putting millions of people at risk. While the current tensions in food supply chains are caused by a multitude of factors, the link with the global energy crisis should not be overlooked. The disruptions caused by Russia’s war in Ukraine have brought the intertwined nature of the world’s energy and food supply chains into sharp focus.

    According to the World Food Programme, the number of people facing acute food insecurity more than tripled between 2017 and 2021, and could further increase by 17% to 323 million this year as a result of Russia’s war in Ukraine.

    The surge in food prices since mid-2020 has been driven by factors such as the recovery in demand following the Covid-19 crisis, adverse weather impacts on supply, a growing number of trade restrictions on food products, and rapidly soaring input costs, notably energy and...

  • Sign-up for our newsletter to receive exclusive commentaries, links to our latest news and analysis, and a sneak peek at upcoming content. ?? Link https://t.co/ST4WCxJ1V2
    International Energy Agency Tue 09 Aug 2022 16:05
  • Despite headwinds from higher costs & supply chain bottlenecks, global renewable power increased 6% in 2021 - reaching almost 295 gigawatts. A drop is wind capacity additions in 2021 was offset by increases in solar PV ?? & hydropower ? Learn more ? Link https://t.co/6FNq6DNpyV
    International Energy Agency Tue 09 Aug 2022 14:30

    Despite the persistent pandemic-induced supply chain challenges, construction delays, and record-level raw material and commodity prices, renewable capacity additions in 2021 increased 6% and broke another record, reaching almost 295 GW. This growth is slightly higher than the forecast last year in the IEA’s Renewables 2021. Globally, the 17% decline in annual wind capacity additions in 2021 was offset by an increase in solar PV and growth in hydropower installations. The expansion of bioenergy, concentrated solar power (CSP) and geothermal was stable in 2021 compared with 2020. In terms of speed of growth, renewable capacity’s year-on-year increase last year was slower, following an exceptional jump in 2020 when Chinese developers rushed to connect projects before the phase out of subsidies, especially for onshore wind. 

  • Russia is a major producer of many minerals & metals that are vital for clean energy transitions. The country’s invasion of Ukraine underscores the need to diversify supplies & reinforce energy security. More in this commentary from IEA's @tae100 ? Link
    International Energy Agency Tue 09 Aug 2022 13:19

    Clean energy technologies require a variety of minerals and metals, and today’s tense geopolitical situation, rising commodity prices and supply chain bottlenecks have highlighted the need for serious actions to enhance the diversity and resilience of their supply. At the IEA Ministerial Meeting in March 2022, IEA Member Countries voted to endorse and deepen the IEA’s work on critical minerals as part of the Agency’s new mandates to strengthen and broaden its work on energy security.

    Prices of many minerals and metals that are essential for clean energy technologies have recently soared due to a combination of rising demand, disrupted supply chains and concerns around tightening supply. The prices of lithium and cobalt more than doubled in 2021, and those for copper, nickel and aluminium all rose by around 25% to 40%.

    The price trends have continued into 2022. The price of lithium has increased an astonishing two-and-a-half times since the start of the...

  • Biofuel demand recovered in 2021 from its pandemic lows, reaching near 2019 levels Demand is set to keep rising this year, but the impacts of Russia’s invasion of Ukraine have led to a 20% drop in demand growth in 2022 compared to our previous forecast ? Link https://t.co/fsGmoiOfNk
    International Energy Agency Tue 09 Aug 2022 11:39

    Despite the persistent pandemic-induced supply chain challenges, construction delays, and record-level raw material and commodity prices, renewable capacity additions in 2021 increased 6% and broke another record, reaching almost 295 GW. This growth is slightly higher than the forecast last year in the IEA’s Renewables 2021. Globally, the 17% decline in annual wind capacity additions in 2021 was offset by an increase in solar PV and growth in hydropower installations. The expansion of bioenergy, concentrated solar power (CSP) and geothermal was stable in 2021 compared with 2020. In terms of speed of growth, renewable capacity’s year-on-year increase last year was slower, following an exceptional jump in 2020 when Chinese developers rushed to connect projects before the phase out of subsidies, especially for onshore wind. 

  • Looking for a new energy podcast? Check out Innovation Frontlines, a 10-episode series by @sijbennett & @siddharth3 exploring clean energy innovations in ?? ! Don't miss it ?? Apple: Link Spotify: International Energy Agency Tue 09 Aug 2022 09:48

    The International Energy Agency is sharing the stories of the clean energy innovators who are vital to addressing the world’s energy and climate challenges and take us a net zero emissions future. This season of Innovation Frontlines focuses on innovators and entrepreneurs in India, featuring in-depth and personal interviews with founders of clean energy technology start-ups. Each episode helps illuminate a different part of the technology challenge: What is the right business model for batteries in a country like India? How do you raise financing for a new fuel cell invention? Where are the opportunities in international value chains? How can technology and social entrepreneurship work together?

  • We’re hiring an Infrastructure Solutions Engineer to join our team in Paris. If you’re an IT expert with a track record of designing & implementing enterprise-class IT infrastructure and information systems, this could be the job for you! Learn more ? Link https://t.co/9w6F10uEfx
    International Energy Agency Mon 08 Aug 2022 20:45
  • RT @tim_gould_: The @IEA is hiring! We're looking for skilled energy investment & finance experts to produce the World Energy Investment,…
    International Energy Agency Mon 08 Aug 2022 19:30
  • There are troubling imbalances in clean energy recovery spending between regions While fiscal measures in advanced economies are on track with short-term levels in our #NetZero pathway, major efforts are needed to drive investment in the developing world: Link https://t.co/bSzKRTnPwU
    International Energy Agency Mon 08 Aug 2022 16:09
  • Ensuring a secure transition to net zero emissions will require increased efforts to expand & diversify global production of solar panels. Read more in our new Special Report on Solar PV Global Supply Chains ? Link https://t.co/XiENBW2gZh
    International Energy Agency Mon 08 Aug 2022 14:33
  • Major reductions in methane emissions can be achieved with known technologies and tried & tested policies. If all countries implemented these proven policies, it would cut global methane emissions from oil & gas operations in half. Learn more ?? Link https://t.co/ZmasmBelFp
    International Energy Agency Mon 08 Aug 2022 13:18

    The Methane Tracker 2022 database presents the IEA’s country-by-country estimates of energy-related methane emissions. For the oil and gas sector, we present detailed estimates for the abatement potential – and costs or savings – from different technology

  • Commuting accounts for 1/4 of the oil used by cars in the EU ? Working from home when possible to avoid a commute by car could help citizens save money & avoid burning fuel. Employers have a key role to play in encouraging this simple action ? Link https://t.co/x3eVEMqPLx
    International Energy Agency Mon 08 Aug 2022 09:47

    People across the European Union want to take action to help Ukraine following Russia’s invasion. Many are also experiencing higher energy bills because of the energy crisis exacerbated by the war. Using less energy is a concrete way for Europeans to reduce their bills, cut reliance on Russian fossil fuels, demonstrate solidarity with the Ukrainian people, and support climate action.

    Citizens and governments can make major positive impacts if they act together and decisively. The International Energy Agency (IEA), in coordination with the European Commission, has therefore developed a series of simple steps citizens can take to save energy now, drawing on the IEA’s recent 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas and 10-Point Plan to Cut Oil Use. The new analysis also identifies actions that companies and national and local governments can take to support consumer action and unlock even more energy savings....

  • Renewable power is set to break another global record in 2022 despite headwinds from higher costs & supply chain bottlenecks. Solar PV is on track to propel this growth, accounting for 60% of capacity additions in 2022. Explore the latest trends ? Link https://t.co/M5q7elAt1r
    International Energy Agency Mon 08 Aug 2022 08:01

    "Energy market developments in recent months – especially in Europe – have proven once again the essential role of renewables in improving energy security, in addition to their well-established effectiveness at reducing emissions."

  • The Global Methane Pledge, launched at #COP26, was a key step toward tackling methane emissions. But not all of the largest emitters globally are part of the Pledge: more countries need to join. Taking action is cost-effective, & the benefits are huge ? Link https://t.co/F4Y4wpwTcP
    International Energy Agency Sun 07 Aug 2022 14:48

    The Methane Tracker 2022 database presents the IEA’s country-by-country estimates of energy-related methane emissions. For the oil and gas sector, we present detailed estimates for the abatement potential – and costs or savings – from different technology

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