Tech

Ambitious new climate commitments force IEA to revise renewable power forecast

Enlarge / Workers install photovoltaic panels on the roof at the reconstruction project of Fengtai Railway Station on November 12, 2021, in Beijing, China. (credit: Jia Tianyong/China News Service) Around the world, countries installed renewable power at a record pace in 2021, according to a new report from the International Energy Agency. The trend is […]

Tech

All fossil fuel exploration needs to end this year, IEA says

Enlarge (credit: Jose Luis Stephens | Getty Images) To limit global warming to 1.5˚C by the end of the century, the world has to deploy clean technologies en masse while slashing investment in new oil, gas, and coal supplies, according to a new report by the International Energy Agency. Getting to net zero carbon emissions […]

Business

‘Risky and Harmful’: Energy Business body IEA Seems the Alert on Petroleum demand and Also uses the P-word

Oil demand is anticipated to have a years-long reach from COVID-19–along with also oil-dependent export countries must fundamentally alter their markets to fulfill that fact. He cautioned that petroleum demand, as a result of COVID, will probably be feeble in the next few years. But {} the pandemic (ideally ) fades off, the economy prospects […]