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IEA in the news

IEA in the news

Top US climate adviser "loves to cite his favorite new statistic": IEA on 2014 energy-related carbon emissions

The New York Times, 9 April 2015

A New York Times profile of US President Barack Obama’s senior adviser in charge of climate policy, Brian Deese, says he “loves to cite his favorite new statistic: a recent report by the International Energy Agency that found that last year, global gross domestic product grew 3 percent, while carbon dioxide emissions flatlined”.

IEA analysis cited in NGO director's call for decentralised generation in poorer regions

The Telegraph, 2 April 2015

In a letter to The Telegraph, Camilla Toulmin, Director of the London-based International Institute for Environment and Development, quoted IEA analysis to argue in favour of decentralised, sustainable electricity generation in poor regions: "For hundreds of millions who live without grid access, the International Energy Agency suggests that community-scale renewable energy projects are frequently cheaper and more reliable than centralised fossil fuel generation."

Financial Times turns to IEA Senior Coal Analyst as it surveys changing market

Financial Times , 8 April 2015

The Asian coal market is changing, and more buyers are using derivatives to hedge their costs, resulting in modest but growing numbers of open-market swaps, IEA Senior Coal Analyst Carlos Fernández Alvarez informed the Financial Times.  

“Cool Chart of the Week” depicts how solar energy is getting hot in more places

Clean Technica , 22 March 2015

The renewables-focused news website Clean Technica selected as its Cool Chart of the Week an IEA graphic illustrating where solar photovoltaic energy attained "socket parity" in 2013. Socket parity is reached when the levelised cost of electricity, or the per-kilowatt-hour cost of an electricity-generating technology over its economic lifetime, is lower than the variable portion of the retail electricity price. In 2013, socket parity was reached in Australia, Germany, Italy, the Netherlands and California, with more places following suit. The graphic, which was an IEA website Energy Snapshot of the Week earlier in March, also appeared in the IEA publication Technology Roadmap Solar Photovoltaic Energy.

IEA data prompt columnist to hope for a decoupling of pollution and economic growth

The Telegraph, 21 March 2015

"Perhaps I should cross my fingers," the Telegraph columnist Geoffrey Lean wrote as he reported on the IEA preliminary finding that carbon dioxide emissions did not rise in 2014 despite global economic growth, the first time that has happened in 40 years. "It is hard to overstate the sense of what the agency calls [a] 'very welcome surprise'," he said. "There are good grounds for believing, as Fatih Birol, the agency’s chief economist, puts it, that 'for the first time, greenhouse gas emissions are decoupling from economic growth'," he added, so "with new grounds for hope, I, at least, am keeping those fingers crossed."

Bloomberg turns to IEA data to measure the appeal of storage to oil traders

Bloomberg, 16 March 2015

A Bloomberg News article on sharply higher amounts of stored oil used International Energy Agency data as it reported on traders’ stockpiling in hopes of profiting from contango. Contango is when the price of oil for immediate supply is cheaper than for future months. A narrowing in contango was preventing a further increase in storage on supertankers, Bloomberg quoted the IEA as saying in its Oil Market Report issued on 13 March, though the March OMR also raised its demand outlook for 2015. 

The billion-plus global citizens without access to modern energy, 9 March 2015

"A single light bulb simplifies a family’s daily life," reported the science news service, quoting the International Energy Agency as to how more than 1 billion people, most of them in South Asia or sub-Saharan Africa, currently have no access to electricity. 

IEA review of Indonesia policies finds that despite a need for investment, "the news is not dire"

Power Engineering International , 17 February 2015

Indonesia faces a variety of barriers to investment, Power Engineering International quoted IEA Executive Director Maria van der Hoeven as saying at the launch of the IEA review of the country's energy policies. But the article, also carried by the affiliated news service PennEnergy, added that "the news is not dire", citing the IEA review on such advances as increased electrification but most of all fuel-subsidy reform, "a powerful sign of change". 

Statement from US Energy Secretary on selection of next IEA Executive Director

US Department of Energy via EIN News, 13 February 2015

Following the announcement that the IEA Governing Board had selected Chief Economist Fatih Birol to be Executive Director starting 1 September 2015, US Secretary of Energy Ernest Moniz issued a statement reading: "As the new Executive Director of the International Energy Agency, Dr. Fatih Birol is an ideal candidate to lead the Agency in a time of global energy transformation. His deep knowledge of energy markets, global energy forecasts, and climate change mitigation and adaptation challenges have made him an internationally known leader in the energy field. I spoke with Fatih and both congratulated him and thanked him for taking on this important responsibility. ... I also take this opportunity to thank Maria van der Hoeven for her successful leadership of the IEA. Under her guidance, the IEA has continued to grow in stature as an indispensable part of the global energy security and climate discussions."

"Almost racy" IEA findings posit US unconventional oil as new swing producer

Argus, 11 February 2015

"Maria van der Hoeven’s presentation of the Medium-Term Oil Market Report (MTOMR) yesterday was almost racy, by the yardstick of IEA events anyway." So opens an insightful OilBlog report by the energy news organisation Argus that describes how the IEA Executive Director revealed, in introducing the Medium-Term Oil Market Report 2015, that light tight oil production from the United States may have effectively become the new swing producer.

Foreign Policy magazine analyses IEA outlook for "radically different oil market"

Foreign Policy, 10 February 2015

In his article "Game Change: U.S. Oil Revolution Has Torn Up the Rule Book", Foreign Policy senior energy reporter Keith Johnson summarises how Medium-Term Oil Market Report 2015 makes clear that "the global oil market revolution, especially in the United States, will not go gently into that good night". "The upshot: generally smooth sailing for the United States, a few years of discomfort for cash-rich oil giants in the Persian Gulf, and years of turmoil, crippled finances, and political instability in petrostates like Venezuela. Russia will be hit hardest, the IEA said."