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The mega batteries transforming power systems
…of short-term flexibility for power systems, with a growing role in supporting the security of energy supply more broadly.
The strong growth is especially notable in regions with rapidly rising shares of solar and wind in electricity generation. Markets such as California, Germany, South Australia, Texas and the United Kingdom have all seen robust deployment of utility‑scale battery storage in recent years. In these places, batteries are increasingly available to meet demand when it peaks, such as in the late afternoon or early evening.
Battery costs continue to fall, enhancing their competitiveness, and pairing technologies such as solar with…
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G7 International collaborations
An intergovernmental political forum of major industrialised economies IEA Executive Director Fatih Birol meets with world leaders at the 2022 G7 Summit in Elmau, Germany The Group of Seven (G7) is an informal group of democratic advanced economies -- Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States -- that have met regularly since the 1970s energy crises to coordinate policies on global issues such as trade, security, energy and climate...
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G20 International collaborations
A global forum of major economies The G20 is a global forum of major economies (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States of America) and the European Union. It was started as a meeting of Finance Ministers in 1999 but was later elevated to a Leader’s meeting at the Washington Summit in 2008. The G20 di...
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BioFuture Platform International collaborations
Promoting international coordination on the sustainable low-carbon bioeconomy The Biofuture Platform is a government-led, multi-stakeholder initiative designed to take action on climate change and support the Sustainable Development Goals by promoting international coordination on the sustainable low-carbon bioeconomy. It was launched in November 2016 at the COP22 climate talks in Marrakesh.The Biofuture Platform has twenty member countries: Argentina, Brazil, Canada, China, Denmark, Egypt, Finl...
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History of the IEA Mission
From oil security to steering the world toward secure and sustainable energy transitions At the heart of the global dialogue on energy security and clean energy transitions, the International Energy Agency is the world’s leading energy authority. We provide reliable and comprehensive data, analysis, and policy recommendations with the goal of shaping a secure, sustainable and affordable energy future for all while meeting the climate change objectives of the 2015 Paris Agreement.The IEA was foun...
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Energy Efficiency Hub International collaborations
A platform for global collaboration on energy efficiency The Energy Efficiency Hub is a new platform for global collaboration on energy efficiency. Its Secretariat is hosted at the IEA to take advantage of natural synergies with the work of the Agency. The Hub aims to facilitate government-to-government exchanges on efficiency policy, regulation and implementation, focusing on buildings, industry, appliances, and transport. The Hub takes on issues important to its Members through thematic Task G...
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Italy 2024 International collaborations - G7
IEA Contributions to the G7 For Italy’s Presidency of the G7 in 2024, the IEA produced a wide range of analysis and recommendations that allow the G7 to deliver a strong commitment to the implementation of the COP28 energy outcomes, part of what is known as the UAE Consensus. The IEA advice helps the G7 to design actions in support of global targets on tripling renewable energy capacity, doubling the annual rate of energy efficiency improvement and transitioning away from fossil fuels in the ene...
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India 2023 International collaborations - G20
IEA Contributions to the G20 The IEA has contributed widely to India's G20 Presidency in 2023. The Agency’s core engagement is its support for the Energy Transitions Working Group. It is also contributing to the Development Working Group and Disaster Risk Reduction Working Group in the Sherpa Track, and to the Framework Working Group and Sustainable Finance Working Groups in the Finance Track.G20 Sherpa TrackBuilding upon and expanding its partnership with the Government of India, the IEA has wo...
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Oil security and emergency response
Ensuring quick and effective response to major supply disruptions Ensuring energy security has been at the centre of the IEA’s mission since its creation in 1974, following the oil crisis in 1973. Today, the global oil market remains vulnerable to a wide range of risk factors, including natural disasters, major technical accidents, and geo-political tensions. As oil is expected to remain a major component of global energy demand for the coming decades, particularly for the transportation sector,...
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Brazil 2024 International collaborations - G20
IEA Contributions to the G20 IEA Executive Director Fatih Birol (center) with President Luiz Inácio Lula da Silva of Brazil (right) and Minister of Mines and Energy Alexandre Silveira (left). IEA supports energy transition and climate action outcomes in the run-up to the Rio G20 Summit To support sustainable, affordable and secure global energy transitions, the IEA worked in close partnership with Brazil's G20 Presidency in 2024. The Agency is contributing to two new horizontal taskforces, the&n...