Civil Engineering, the magazine of the American Society of Civil Engineers, reported in-depth on the findings of the IEA book Energy Technology Perspectives 2015, noting how lagging progress in low-carbon technologies complicates countries’ efforts to limit climate change to 2°C even as acceptance of that goal “currently looks positive”. “We all know clean-energy deployment is not at the level where it needs to be,” Civil Engineering quoted IEA Executive Director Maria van der Hoeven as saying.
Much has changed in natural gas markets since the IEA introduced the concept of the Golden Age of Gas in 2011, Laszlo Varro, Head of the IEA Gas, Coal and Power Markets Division, told the annual Flame conference in Amsterdam. “The good news is that shale gas production in the US is actually running 10 years ahead of schedule: it is as much now as we predicted for the 2020s, so the US industry is beyond the golden age – perhaps in the platinum or diamond age of gas, defying gravity,” Natural Gas Europe quoted him as saying. But with other regions, especially Europe, so far unable to replicate the US boom, “The importance of intercontinental gas trade is increasing as a consequence.”
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”.
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.
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."
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.