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.
"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."
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.
"A single light bulb simplifies a family’s daily life," reported the science news service Phys.org, 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.
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".
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."
"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.
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."