Tag: International Energy Agency

Car battery recycling market gears up for future boom

by Léa PERNELLE Freiberg, Germany (AFP) Researcher Anna Vanderbruggen peers into a vat of dark bubbling liquid, the result of a process she has developed to recover graphite from old lithium-ion batteries. Although graphite represents up to a quarter of the weight of the batteries, no one has yet come up with a viable plan to recycle it, according to Vanderbruggen. The 29-year-old researcher is still fine-tuning her method but has already received an award […]

Gas consumption set to contract due to Russia: IEA

PARIS, France (AFP) — Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the IEA said Tuesday. The International Energy Agency chopped its forecast for global gas demand by more than half in its latest quarterly report on gas markets. It now expects growth of just 3.4 percent by 2025, an increase of 140 billion cubic […]

Nuclear option: Earth’s climate panacea or poison?

by Julien MIVIELLE Agence France-Presse PARIS, France (AFP) – For its supporters, nuclear energy is the world’s best — perhaps only — hope to avoid catastrophic climate change. Opponents say it is too expensive, too risky and totally unnecessary. Standing between the two camps are those who see atomic power as a necessary evil that will buy the time needed to develop cleaner and safer alternatives. “We don’t have the luxury of choosing one or […]

Weak demand pushing oil, gas toward ‘terminal decline’: report

by Marlowe HOOD Agence France-Presse PARIS, France (AFP) — Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves by two thirds, sending shock waves through the global economy, energy analysts warned Thursday. The value of projected profits for the sector could also fall by two thirds, according to a report from Carbon Tracker, a non-profit financial think tank focused on aligning capital markets with […]

COVID-19 to cause record emissions fall in 2020: IEA

by Patrick GALEY Agence France-Presse PARIS, France (AFP) — COVID-19 is expected to cause global energy emissions to fall a record eight percent this year due to an unprecedented drop in demand for coal, oil and gas, the International Energy Agency said Thursday. The IEA’s Global Energy Review was based on an analysis of electricity demand over more than 100 days, during which much of the world has entered lockdown in a bid to control the […]

Carbon emissions from energy ‘flat’ in 2019: IEA

by Patrick GALEY Agence France-Presse PARIS, France (AFP) – Global energy-related CO2 emissions “flattened” in 2019 following two years of increases owing to greater use of renewables and an accelerating shift from coal to gas, the International Energy Agency said Tuesday. Electricity generation produced around 33 billion tonnes of CO2 last year, defying forecasts that emissions from power would continue their upward trend. The IEA said that emissions from coal — the most polluting fossil […]

‘Bad news’: CO2 emissions to rise in 2018, says IEA chief

by Catherine HOURS / Marlowe HOOD Agence France-Presse PARIS, France (AFP) — Energy sector carbon emissions will rise in 2018 after hitting record levels the year before, dimming prospects for meeting Paris climate treaty goals, the head of the International Energy Agency (IEA) said Wednesday. The energy sector accounts for 80 percent of global CO2 emissions, with most of the rest caused by deforestation and agriculture, so its performance is key to efforts to rein […]

Oil prices extend losses in Asia after demand warning

SINGAPORE, Singapore (AFP) — Oil prices tumbled more than one percent on Wednesday in Asia, extending the previous day’s sharp falls after the International Energy Agency warned of weakening demand. A recent rally had sent the commodity to two-year highs, fuelled by hopes producers will extend output cuts well into 2018 as well as escalating tensions between crude giants Saudi Arabia and Iran. But the Paris-based IAE said in a monthly report that it had […]

US crude rebounds in Asia but supply glut worries weigh

SINGAPORE, Singapore (AFP) — Oil prices rebounded on bargain-buying in Asia Wednesday after the previous day’s plunge but analysts warned any gains would be limited as the global glut that has hammered markets showed no sign of letting up. Investors are also nervously awaiting the release later in the day of a report on US stockpiles that is forecast to show a further increase in inventories. At around 0300 GMT, US benchmark West Texas Intermediate (WTI) […]