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Net Zero Emissions
…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 global energy sector to achieve net zero carbon dioxide (CO2) emissions by 2050 while maintaining energy security. This scenario is consistent with keeping long-term global warming to 1.5 °C with limited overshoot…
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The Middle East and Global Energy Markets
…outside the Middle East have also pushed output higher and lifted exports to record levels in response to the crisis. Even so, supply losses stemming from the Middle East disruptions have depleted global oil inventories at the fastest pace on record. Global observed oil stocks have declined by 3.8 million barrels per day on average since the start of the war, with a sizeable draw of 143 million barrels in May alone, according to preliminary data.Our latest monthly Oil Market Report has more. It emphasises that fully resuming flows through the Strait of Hormuz remains the single most import...
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Russia's War on Ukraine
…its transition to a secure and sustainable energy future.The IEA and Ukraine have a long history of collaboration dating back to 2007. In July 2022, Ukraine officially joined the IEA family as an Association country, and a two-year Joint Work Programme was signed in December 2022. Through the exchange of data, analysis and policy advice, the IEA is supporting Ukraine’s efforts to reconstruct and modernise its energy sector, further integrate its energy system with the European Union’s, and drive down carbon emissions – core objectives outlined in the government’s 2050 energy strategy.In the past year…
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Energy and Water
Energy and water are deeply and fundamentally connected Water is essential for almost every aspect of producing energy, from electricity generation to fossil fuel extraction to biofuels cultivation. In fact, the energy sector accounts for roughly 10% of all global freshwater withdrawals. Meanwhile, energy is crucial to maintaining global water supply. It is needed to extract water from lakes, rivers and oceans; lift groundwater from aquifers and pump it through pipes and canals; and treat water and deliver it to users.This interdependence is set to intensify in the coming years. Each resource faces rising demand and growing constraints in many…
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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…