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Attracting private investment to fund sustainable recoveries: The case of Indonesia's power sector
…like Indonesia, have an opportunity to support recovery... On the back of the worldwide shock caused by the Covid-19 pandemic, economic recovery will depend largely on the ability of countries to finance and implement supportive fiscal packages. The crisis also marks an opportunity to promote development aligned with longer-term sustainability goals, with the energy sector central to these efforts.A number of governments, primarily in advanced economies, have announced large programmes to address the impacts of confinement measures and stimulate the economy. France’s fiscal package is around 5% of gross domestic product (GDP), the United States close…
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Clean Energy Transitions Programme 2020
…supporting the IEA family under the CETP so that we deliver, together, a better energy future. 2020 was a critical year for the prospects of clean energy transitions worldwide. Since the emergence of the Covid-19 pandemic and ensuing economic crisis, the IEA has led calls for governments to both achieve a sustainable, resilient recovery and address the looming climate crisis.Throughout this challenging year, the Clean Energy Transitions Programme (CETP) played an important role in ensuring that the task of building a secure and sustainable energy future was strengthened. The programme’s activities were adapted to confront the disruption…
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Oil Market Report - January 2023
…$81.34/bbl. The lifting of China’s Covid-restrictions did little to boost sentiment while Russian oil exports remained resilient. Refinery outages in the US lifted product cracks. Freight rates eased for large crude carriers but rose on product routes ahead of the EU embargo on Russian oil products. Risk management Two wild cards dominate the 2023 oil market outlook: Russia and China. This year could see oil demand rise by 1.9 mb/d to reach 101.7 mb/d, the highest ever, tightening the balances as Russian supply slows under the full impact of sanctions. China will…
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Coal 2020
Analysis and forecast to 2025 Coal 2020 highlights recent global and regional trends in coal demand, supply and trade, and an outlook to 2025. The extraordinary circumstances in 2020 impacted coal markets and lend uncertainty to how they will be tailored in a post-Covid-19 economic recovery. Therefore, Coal 2020 spotlights developments in 2020 and expected conditions in 2021. It also provides an analysis of the evolution of coal supply costs, prices and investment in mining projects. China – the world’s largest coal producer and importer as well as consumer of more than half of global coal – is highlighted…
- Demand
- Supply
- Trade
- Prices and costs
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Advancing Decarbonisation through Clean Electricity Procurement
…procurement costs and technology deployment. A key finding is that when companies set more granular goals – such as matching their electricity demand hourly (rather than annually as has been the dominant practice) – it can stimulate deployment of the wider portfolio of flexible technologies needed for net zero transitions in the power sector.The report aims to guide corporates in choosing impactful ways to procure clean electricity. It also highlights the roles of policy makers, regulators, system operators and network owners and operators in increasing the availability and impact of corporate procurement options. The final chapter offers targeted recommendations for different…
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Reducing Emissions in Fossil-Fired Generation - Indonesia, Malaysia and Viet Nam
…were to go ahead, existing and planned coal-fired power generation would lead to the long-term “lock-in” of high levels of GHG emissions. While more efficient technologies play an important role in reducing the emissions intensity of coal-fired power generation, they are only part of the solution to improve the environmental impact of a power sector that is presently heavily dependent on fossil fuels – and increasingly on coal. Mounting environmental pressures will undoubtedly lead to a softening of the coal capacity targets, with a need for carbon capture and storage to be ultimately deployed. Improved energy efficiency…
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Russian Electricity Reform
…attracting timely and appropriate investment will remain a substantial and ongoing challenge, which can most effectively be addressed through the creation of efficient electricity markets operating in response to genuine price signals, within a robust and predictable legal and regulatory framework. Only such markets, in which competition is based on transparent prices that accurately reflect costs, can deliver the efficient, reliable and internationally competitive performance needed to meet the government’s economic targets in the longer term. Such markets can attract the new investment that the industry will need, especially in order to ensure security of electricity supply beyond 2010.
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Oil Market Report - March 2022
…Brent oil futures slid to around $100/bbl after touching an intraday high of nearly $140/bbl on 8 March. Prices jumped from $90/bbl in early February following the invasion of Ukraine and as supply concerns mounted. Prices have eased again on economic concerns, surging Covid cases in China and traders reducing positions due to extreme volatility. At a crossroads Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices surge…
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Efficient Grid-Interactive Buildings
…electrification of end uses and renewable energy generation. For the Association of Southeast Asian Nations (ASEAN), a growing population and rising standards of living will massively increase future energy demand. Mitigating growing electricity demand and integrating renewable energy into electricity generation will therefore be paramount for the region’s clean energy transition and avoid lock-in of additional fossil fuel generation. The intermittent nature of variable renewable energy and increasing deployment of distributed energy resources are putting additional pressure on existing grids. In response to these challenges, this report explores the opportunities and challenges for efficient grid-interactive buildings in…
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Oil Market Report - August 2022
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 Soaring oil use for power generation and gas-to-oil switching are boosting demand. In this Report, we have raised our estimates for 2022 global demand growth by 380 kb/d, to 2.1 mb/d. Gains mask relative weakness in other sectors, and a slowdown…
