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Net Zero Emissions
An increasing number of countries have been making pledges to reduce their emissions to net zero in the coming decades. To inform these efforts, the IEA released a first-of-its-kind Net Zero Roadmap in 2021, outlining what would be required within the energy sector to achieve this goal at the global level by mid-century. An update to the Roadmap, which has served as an essential benchmark for policy makers, industry, the financial sector and civil society, was published in 2023.The Roadmap is based on the IEA’s Net Zero Emissions (NZE) Scenario, which portrays a pathway for the…
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Fossil Fuel Subsidies
This approach compares average end-user prices paid by consumers with reference prices that correspond to the full cost of supply. The price gap is the amount by which an end-use price is short of the reference price. Its existence indicates the presence of a subsidy. In a given economy, the basic calculation of subsidies for a product is:Subsidy = (Reference price - End-user price) × Units consumedThese calculations require substantial data. End-user price and consumption data are drawn from IEA data and, where necessary, from government sources and other reports. The estimates are also sensitive to reference…
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Energy and Water
…demand for desalination has nearly doubled since 2010, and current trends point to another doubling to 2030. Some 21,000 desalination plants currently operate in about 150 countries, from the United States and China to Sub-Saharan Africa and Southeast Asia – though half of global installed capacity is located in the Middle East and North Africa. Renewables can help ease the energy sector's water problem In a scenario in which global energy sector emissions reach net zero by 2050, water withdrawals by the energy sector decline by almost 20 bcm by 2030. The biggest reductions happen in the power…
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Russia's War on Ukraine
The new energy world The global energy landscape has changed dramatically The energy sector continues to feel the effects of Russia’s invasion of Ukraine, which in February 2022 sparked the first truly global energy crisis. Two years on, energy prices have pulled back from record highs, but trends vary widely among regions. In many parts of the world, prices are still elevated – holding back economic growth, straining the finances of households and businesses, and complicating efforts to improve access to electricity. Energy markets, faced with an unusually high degree of geopolitical uncertainty, remain on edge.In Ukraine, the energy sector…
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Saving Energy
Today's energy shortages and high prices makes it more important than ever to use energy wisely With today’s global energy crisis resulting in high prices and shortages that are hurting consumers, businesses and entire economies, it has never been more important to use energy more wisely. We can do this through simple changes in behaviour and habits to consume less energy in our daily activities. We can also save energy by investing in more energy efficient products that reduce both our energy bills and our environmental footprint. Energy saving tips 7 ways to save energy 1. Heating: turn…