Oil markets are comfortably supplied until 2030, according to the IEA’s new medium-term outlook, although a relentless focus on energy security will remain crucial as powerful forces transform the sector Global oil demand growth is expected to slow in the coming years as energy transitions progress. At the same time, global oil production is expected … Read more
Global spending on clean energy technologies and infrastructure is on track to reach $2 trillion by 2024, even as higher financing costs hinder new projects, especially in emerging and developing economies Despite funding pressures, global investment in clean energy is expected to nearly double the amount going into fossil fuels by 2024, helped by improving … Read more
Stay informed with free updates Simply log in to the Renewable energy myFT Digest – delivered straight to your inbox. The world’s clean energy plans still fall almost a third short of what is needed to reach the 2030 sustainable energy target agreed at last year’s UN climate talks, the International Energy Agency warned, as … Read more
The IEA report shows that countries’ ambitions and implementation plans are not yet in line with the key objectives of COP28, but that governments have tools to go further in the coming months through the NDC process A new analysis from the International Energy Agency (IEA) shows that in the coming months countries have a … Read more
The key task for governments is to make clean energy technologies more accessible to those who would otherwise struggle with upfront costs, according to a new special report from the IEA. Accelerating the transition to clean energy technologies improves energy affordability and can ease pressure on the cost of living more broadly, according to a … Read more