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Ireland 2024
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions and combatting the climate crisis. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies. This Energy Policy Review was prepared in partnership between the Government of Ireland and the IEA. It draws…
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Oil Market Report - October 2024
…September as gasoline, jet and diesel cracks deteriorated while crude prices improved on a relatively tighter market. As a result, global crude run estimates are further reduced by 180 kb/d to 82.8 mb/d for 2024 and by 210 kb/d to 83.4 mb/d in 2025, representing annual gains of 540 kb/d and 610 kb/d, respectively.Observed global oil inventories declined by 22.3 mb in August, led by a 16.5 mb draw in crude oil stocks. OECD industry stocks fell counter-seasonally by 13.4 mb to 2 811 mb, 102.7…
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Oil Market Report - June 2019
…Norway. In May, global oil supply eased by 0.1 mb/d to 99.5 mb/d, down 2.8 mb/d from the November peak.The call on OPEC crude drops to 29.3 mb/d in 2020, 650 kb/d below the May output level. OPEC supply fell to its lowest since 2014 as Iranian supply plunged due to sanctions and on lower Saudi and Nigerian output. OPEC's effective spare capacity was 3.2 mb/d.Global refinery throughput in May was at its lowest level in two years on maintenance and unplanned outages. By August, refinery runs could be more than 4 mb/d higher…
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Energy Policies of IEA Countries: Ireland 2019 Review
The International Energy Agency (IEA) has conducted in-depth peer reviews of the energy policies of its member countries since 1976. This process supports energy policy development and encourages the exchange of international best practices and experiences. This report on Ireland discusses the challenges faced as well as possible solutions to help the country’s energy sector continue towards a secure and sustainable future. Despite making substantial advances to transform its energy sector, Ireland is not on course to meet its 2020 greenhouse gas emissions reduction target. The decarbonisation of heating in buildings, one focus of this report, is a…
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Energy Policies of IEA Countries: Ireland 2003
Energy Policy Review Energy Policies of IEA Countries: Ireland 2003 The International Energy Agency's 2003 review of Ireland's energy policies and programmes. It finds that in the four years since the last in-depth Review, the Irish energy sector has seen a number of important developments, notably reform of the electricity and natural gas markets, and the move towards cutting greenhouse gas emissions. Market reform promises multiple economic benefits, although the government must ensure that the incumbent players do not enjoy undue advantages and that enough new competitors enter the market.
Ireland’s climate change policy is making… -
Oil Market Report - August 2019
…d, respectively.Global oil supply held steady in July above 100 mb/d, but fell below year earlier levels for the first time since November 2017. Robust compliance with OPEC+ supply cuts and losses from Venezuela and Iran saw OPEC oil production fall by 2 mb/d versus July 2018. Non-OPEC supply was up 1.4 mb/d y-o-y in July and is set to grow by 1.9 mb/d in 2019 and 2.2 mb/d next year.After a year-on-year fall in 1H19, global refining throughput is expected to pick up in the second half of the year…
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Energy Policies of IEA Countries: Ireland 2012 Review
Energy Policy Review Energy Policies of IEA Countries: Ireland 2012 Ireland has suffered a significant economic downturn, but remains committed to its ambitious energy targets to bring the country towards a low-carbon economy. Ireland’s location at the edge of the Atlantic Ocean ensures one of the best wind and ocean resources in Europe, and Ireland has set the ambitious target of producing 40% of its electricity from renewable sources by 2020. Ireland is highly dependent on imported oil and gas. While the push to develop renewable energies is commendable, this will result in an increased reliance on natural…
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Powering Ireland’s Energy Future
Approaches for a secure, renewables-led electricity system to 2035 Ireland has emerged as a frontrunner in integrating wind power, which supplied around a third of its electricity in 2024. As this power system transformation continues, electricity is set to be the backbone for achieving Ireland’s climate, energy and socio-economic ambitions, making electricity security critical to realising progress in key areas including housing, digital infrastructure, transport and heat. Going forward, Ireland faces strategic choices on how to align its ambitions while ensuring secure electricity supply to 2035.This report assesses the outlook for Ireland’s energy security to…
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Energy Policies of IEA Countries: Ireland 1999
Energy Policy Review Energy Policies of IEA Countries: Ireland 1999 The International Energy Agency's 1999 review of Ireland's energy policies and programmes. It finds that strong growth in the Irish economy poses considerable challenges for Ireland’s energy policy, but growth also provides resources for the Government to address energy policy issues in a manner consistent with economic and social objectives. This IEA report reviews all aspects of Irish energy policy. The sector is at present dominated by four state-owned bodies. In the electricity industry, the Electricity Supply Board may continue to dominate the market and impede…
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Oil Market Report - October 2018
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights The forecast for demand growth in 2018 and 2019 has been reduced for both years by 110 kb/d to 1.3 mb/d and 1.4 mb/d, respectively. This is due to a weaker economic outlook, trade concerns, higher oil prices and a revision to Chinese data.OECD demand…