International Energy Agency (IEA) News

The International Energy Agency has received a major funding boost from member countries to enable it to significantly scale up its work supporting the transition to clean energy in emerging economies. Clean Energy Transitions The funding increase for the IEA’s Clean Energy Transitions Programme (CETP) was announced at a special event on the sidelines of the 2022 IEA Ministerial Meeting in Paris where ministers from IEA member countries and beyond are meeting to discuss how to...

The International Energy Agency Ministers convened for a discussion on global energy security and clean energy deployment.  It condemns, in the strongest possible terms, Russia’s unlawful invasion of Ukraine, which has destroyed lives and upended peace and security in Europe. energy as a weapon Russia’s invasion threatens global energy security and democratic principles. Russia’s actions, including its use of energy as a weapon, threaten the rules-based international or...

Armenia’s electricity production is heavily reliant on fuel imports and a continued emphasis on energy efficiency and solar deployment would help diversify the country’s energy supply, though further infrastructure investments may be needed to integrate the large planned increase in variable renewable sources, according to a new policy review by the International Energy Agency. Energy Strategy While Armenia has a diverse generation mix of gas-fired thermal, hydropower, and nuc...

The electricity system in Moldova is characterized by its reliance on imports, which supplied 69% of demand in 2020. Renewable electricity accounted for just over 12% of domestic generation, though there remains over 27 GW of potential renewable generation capacity via wind, solar, biomass, and hydro. To provide Moldovan policymakers at all levels with a vision towards a clean, secure, and modern electricity system, the International Energy Agency (IEA) launched a policy roadmap on System Integ...

The IEA’s new Clean Energy Labour Council held its first meeting bringing together leading trade union figures and other important voices from around the world to foster stronger dialogue on how governments can ensure clean energy transitions are people-centered and inclusive. Convened by IEA Executive Director Fatih Birol, the Council’s members comprise representatives of the world’s most important national trade unions and trade union confederations, as well as prominent thi...

Following the announcement of an emergency release of oil stocks by IEA Member Countries on Tuesday, March 1, 2022, the IEA Governing Board confirmed that the total amount committed to date stands at 61.7 million barrels, making it the largest stock release in International Energy Agency (IEA) history. IEA Member Countries unanimously agreed on 1 March, 2022, to an initial emergency response plan to alleviate the increasing tightness in oil markets resulting from Russia’s invasion of Ukra...

The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine. Extraordinary Governing Board meeting The Extraordinary Governing Board meeting, held at the Ministerial level, was chaired by US Secretary of Energy Jennifer Granholm in her capacity as C...

The IEA’s Global Methane Tracker shows emissions from oil, gas and coal are on the rise again, underscoring need for greater transparency, stronger policies and immediate action. Global methane emissions from the energy sector are about 70% greater than the amount national governments have officially reported, according to new International Energy Agency (IEA) analysis released, underlining the urgent need for enhanced monitoring efforts and stronger policy action to drive down emissions...

The International Energy Agency (IEA) is monitoring with growing concern Russia’s recent statements and actions, and their potential implications for energy markets. The IEA is continuing its consultations with its member countries and key partners on appropriate measures to ensure energy security. IEA Member Countries stand ready to act collectively IEA Member Countries stand ready to act collectively, in order to ensure that global oil markets are adequately supplied While the specif...

IEA Executive Director - Fatih Birol visited Cairo on 14 February 2022 delivering an opening keynote speech at the EGYPS 2022 international energy conference to a high-level audience including Egyptian President Abdel Fattah Al-Sisi, members of the Egyptian Cabinet and leading figures from a range of governments and global organizations. Dr. Birol also held bilateral meetings with several Egyptian Government Ministers and other officials. The visit came at an important time for energy and...

Brazil’s pulp and paper industry is in a strong position to build on efforts towards electrification, energy efficiency, recycling and technological innovation, in order to further reduce energy use and cut emissions, according to a joint report by Brazil’s Energy Research Office EPE and the International Energy Agency (IEA) supported by the Brazilian Tree Industry association - Ibá. The EPE (Empresa de Pesquisa Energética), which advises Brazil’s Ministry of Min...

Canada has embarked on an ambitious transformation of its energy system, and clear policy signals will be important to expand energy sector investments in clean and sustainable energy sources, according to a policy review by the International Energy Agency. Since the IEA’s last in-depth review in 2015, Canada has made a series of international and domestic climate change commitments, notably setting a target to cut greenhouse gas emissions by 40-45% from 2005 levels by 2030 and a com...

IEA Executive Director, Fatih Birol met with US Energy Secretary, Jennifer Granholm and other key leaders, during a three-day visit to Washington, in order to prepare for the Agency’s upcoming 2022 Ministerial Meeting and to discuss recent efforts to accelerate clean energy transitions. clean energy and climate The Ministerial will set IEA’s work as it strengthens its leadership role in clean energy transitions Energy Secretary - Jennifer Granholm will chair the IEA Ministerial on...

The IEA will host a platform through which 16 governments will share best practices on policy, regulations and implementation. The Energy Efficiency Hub, a global platform for collaboration aimed at delivering the social, economic, and environmental benefits of more efficient use of energy, was launched on 1 December 2021, at an event hosted by the International Energy Agency in Paris, France.   The Hub’s initial 16 members are Argentina, Australia, Brazil, Canada, China, D...

The growth of the world’s capacity to generate electricity from solar panels, wind turbines, and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set a fresh record for new installations, the IEA says in a new report. Despite rising costs for key materials used to make solar panels and wind turbines, additions of new renewable power capacity are forecast to rise to 290 gigawatts (GW) in 2021, surpassing the previous all-time high set las...

Ofgem has launched a global initiative, together with the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), and the World Bank, to accelerate the energy transition to provide clean, secure, and affordable supplies to everyone. The world quickly needs to find cleaner ways to generate electricity, heat and cool homes, and power transport and industry to support global climate goals. Developing energy systems Energy regulators have a significant role to play i...