Tag Archives: international energy agency

China leading on world’s clean energy investment, says report

china's state power investment corporation operates in brazil
China’s State Power Investment Corp operates the São Simão dam in Brazil. Credit: NASA/ISS.

China is by far the largest force in global clean energy development and its firms are increasingly looking abroad for opportunities, a new report says

January 9, 2018 — The report, released today by the US-based Institute for Energy Economics and Financial Analysis (IEEFA), details the rising importance of China’s firms and investors for low-carbon projects outside the country. Continue reading China leading on world’s clean energy investment, says report

‘Tobacco at a cancer summit’: Trump coal push savaged at climate conference

white house officials and business leaders appear at the event, titled the role of cleaner and more efficient fossil fuels and nuclear power in climate mitigation
White House officials and business leaders appear at the event, titled The Role of Cleaner and More Efficient Fossil Fuels and Nuclear Power in Climate Mitigation. Photograph: Ronald Wittek/EPA

The US administration’s attempt to portray fossil fuels as vital to reducing poverty and saving US jobs is ridiculed in Bonn

November 13, 2017 — The Trump team was heckled and interrupted by a protest song at the UN’s climate change summit in Bonn on Monday after using its only official appearance to say fossil Continue reading ‘Tobacco at a cancer summit’: Trump coal push savaged at climate conference

Time to shine: Solar power is fastest-growing source of new energy

solar panels
A rooftop covered with solar panels at the Brooklyn Navy Yard in New York. The US is still the second fastest-growing market for renewables despite Donald Trump’s pledge to revive coal. Photograph: Mark Lennihan/AP

Renewables accounted for two-thirds of new power added to world’s grids last year, says International Energy Agency

October 4, 2017 — Solar power was the fastest-growing source of new energy worldwide last year, outstripping the growth in all other forms of power generation for the first time and leading experts to hail a “new era”. Continue reading Time to shine: Solar power is fastest-growing source of new energy

IEA: Renewable electricity set to grow 40% globally by 2022

workers in a solar panel assembly factory
Workers in a solar panel assembly factory, Solar Valley, Dezhou, China., 2013. Credit: Cultura Creative (RF)/Alamy Stock Photo.

The world’s renewable electricity capacity is set to rise sharply over the next five years, the International Energy Agency (IEA) says, expanding 43% on today’s levels

October 4, 2017 — The forecast – a significant upwards revision of the IEA’s renewables projections last year – is largely driven by increasing expansion of solar energy in China and India, says the Paris-based organisation. Continue reading IEA: Renewable electricity set to grow 40% globally by 2022

Coal in decline: Adani in question and Australia out of step

adani coal mine
‘Investment in new coal power across the globe has peaked and is on the verge of a steep decline.’ Photograph: Bloomberg via Getty Images

India and China are shifting away from coal imports and coal-fired power while a mega-mine is planned for Queensland. Where does this leave coal in Australia?

August 24, 2017 — The Paris-based International Energy Agency was born in a crisis. In the wake of the 1973 oil shock, as Arab petroleum producers withheld supply from countries that Continue reading Coal in decline: Adani in question and Australia out of step

Asia’s coal-fired power boom ‘bankrolled by foreign governments and banks’

coal-fired stations in asia
The coal industry says the growth of coal-fired stations in Asia is proof of a bright future for the fuel. Photograph: Lu Guang/Greenpeace

The vast majority of newly built stations in Indonesia relied on export credits agencies or development banks, says study by Market Forces

July 20, 2017 — The much-discussed boom in coal-fired power in south-east Asia is being bankrolled by foreign governments and banks, with the vast majority of projects apparently too risky for the private sector. Continue reading Asia’s coal-fired power boom ‘bankrolled by foreign governments and banks’

In-depth: The challenge of using biofuels to cut transport emissions

used cooking oil for diesel vehicles
Backyard operation to process used cooking oil for use as fuel in diesel vehicles at Burry Port, Carmarthenshire, Wales, UK. Credit: Jeff Morgan 02 / Alamy Stock Photo.

Liquid biofuels still have a significant role to play in meeting the UK’s climate change targets, a new report says

July 19, 2017 — The Royal Academy of Engineering analysis, commissioned by the UK Department for Transport (DfT) and now-defunct Department of Energy and Climate Change (DECC), reviews Continue reading In-depth: The challenge of using biofuels to cut transport emissions

Oil company Santos admits business plan is based on 4C temperature rise

protesters gather outside the santos agm in adelaide
Protesters gather outside the Santos AGM in Adelaide on Thursday. Experts say the company’s admission that its business plan is based around a 4C temperature rise breaches the trust of its investors. Photograph: David Mariuz/AAP

Chairman Peter Coates says company’s plan is ‘consistent with good value’, but experts call it ‘a breathtaking failure to come to grips with a world in transition’

May 5, 2017 — The oil and gas company Santos has admitted its business plans are based on a climate change scenario of a 4°C rise n global temperatures, at odds with internationally agreed efforts. Continue reading Oil company Santos admits business plan is based on 4C temperature rise

India’s planned coal plants could single-handedly jeopardise 1.5C target

women rummages through overburden to look for left over coal
Women rummages through overburden to look for left over coal to sell at Jugsalai, India. Credit: Akshay Mahajan.

Current plans to build 370 coal-fired power stations in India will gravely undermine the country’s Paris climate pledge, or create “stranded assets” worth billions of dollars

April 26, 2017 — That’s the conclusion of a new paper, published in the American Geophysical Union journal Earth’s Future. These planned plants would increase Indian coal generating capacity by 123%. But there are signs that some may never get built, the paper notes. Continue reading India’s planned coal plants could single-handedly jeopardise 1.5C target

Cuts to renewables agency will hurt Australia’s global R&D ranking

renewable energy
The only time Australia’s research and development for renewables outstripped that for fossil fuels was when the Australian Renewable Energy Agency began making grants to renewables in 2013 an Australia Institute report says. Photograph: Shepic/Alamy Stock Photo

Australia had been a big investor in fossil fuels and a low one in renewables, according to International Energy Agency data, but Arena grants changed that

September 11, 2016 — Australia has consistently led the world with its funding of fossil fuel research and consistently lagged other nations when it comes to developing renewable energy, according analysis by the Australia Institute.  Continue reading Cuts to renewables agency will hurt Australia’s global R&D ranking