Tag Archives: Oil

Turning Pledgesinto Progress An accountability framework for reducingemissions from the oil and gas industry

Companies responsible for around half ofglobal oil and gas production have near zeromethane target for 2030Methane emissions and flaring are responsible for well over half of the totalgreenhouse gas emissions associated with oil and gas operations. Reducingthese emissions is an … Continue reading

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COP28 key takeaways: The challenges in accelerating the energy transition

There’s more than one measure of success. Our team was there and witnessed an organisational triumph. The sheer scale of COP28 signalled an event of global interest – over 100,000 attended, bigger than Burning Man, compared with about 10,000 at Kyoto in … Continue reading

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Corporations Purchased More U.S. Clean Energy in 2022 Than Ever Before

The American Clean Power Association (ACP) released a report today that shows corporations purchased more clean energy in 2022 than any previous year. The Clean Energy Powers American Business report provides a detailed picture of how commercial and industrial (C&I) companies are driving … Continue reading

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Oil Market Report

One year on Nearly a year on from Russia’s invasion of Ukraine, global oil markets are trading in relative calm. Oil prices are back to pre-war levels with the exception of diesel, though even these have drifted much lower from … Continue reading

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Oil Market Report

Demand Overview Global oil demand growth started 2023 with a whimper but is projected to end the year with a bang. Gains will accelerate to 2.6 mb/d year-on-year (y-o-y) in 4Q23 from only 710 kb/d in 1Q23. Average 2023 deliveries … Continue reading

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Credible Pathways to 1.5 °CFour pillars for actionin the 2020s

IntroductionGlobal energy‐related CO2 emissions rose 0.9% in 2022, reaching a new all‐time high of 36.8 Gt (IEA, 2022a).1 Land‐use related CO2 emissions remained at around 6 Gt in 2022. At the same time, record high fossil energy and electricity prices … Continue reading

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Greece 2023 Energy Policy Review

Executive summary Greece’s energy and climate policies are centred on achieving net zero emissions by 2050 while ensuring energy security, improving economic competitiveness and protecting vulnerable consumers. The National Energy and Climate Plan (NECP), adopted in 2019, is the main … Continue reading

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Italy 2023 Energy Policy Review

Executive summaryItaly’s energy system has changed notably since 2010 and today the country’s energy mix includes more natural gas and renewable energies and less coal and oil. From a lower base than the IEA average, Italy’s energy intensity, measured by … Continue reading

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Oil 2023 Analysis and forecast to 2028

Executive summary World oil markets reset Global oil markets are gradually recalibrating after three turbulent years in which they were upended first by the Covid-19 pandemic and then by the Russian Federation’s (hereafter “Russia”) invasion of Ukraine. Benchmark crude oil … Continue reading

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Azerbaijan Energy Profile

Overview Country overview Situated in the southern Caucasus region, Azerbaijan is bordered by the Caspian Sea to the east, Armenia and Georgia to the west, the Russian Federation (hereafter, “Russia”) to the north, and the Islamic Republic of Iran (hereafter, … Continue reading

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Financing Reductionsin Oil and Gas Methane EmissionsA World Energy Outlook Special Reporton the Oil and Gas Industry and COP28

Executive summary Tackling methane emissions from oil and gas operations is one of the most important measures to limit near-term global warming. In the IEA’s Net Zero Emissions by 2050 (NZE) Scenario, energy-related methane emissions fall by around 75% to … Continue reading

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Biofuel Policy inBrazil, India andthe United StatesInsights for the Global Biofuel Alliance

Executive summaryIndia has proposed a Global Biofuel Alliance that aims to support worldwide development and deployment of sustainable biofuels. The Global Biofuel Alliance (GBA) aims to establish a global partnership of national governments, agencies, industries and other stakeholders to advance … Continue reading

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Facilitating Decarbonisationin Emerging EconomiesThrough Smart Charging

Opportunities to decarbonise can happen if the right measures are taken As emissions are also present in the EV manufacturing and disposal stages, ensuring that the operational emissions of EVs are close to zero, if not negative, helps deepen the … Continue reading

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Emissions from Oiland Gas Operationsin Net Zero Transitions A World Energy Outlook Special Report on the Oil and Gas Industry and COP28

Executive summary The production, transport and processing of oil and gas resulted in 5.1 billion tonnes (Gt) CO2-eq in 2022. These “scope 1 and 2” emissions from oil and gas activities are responsible for just under 15% of total energy-related … Continue reading

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Implementing CleanEnergy TransitionsFocus on road transport inemerging economies

Executive summary The road transport sector is a cornerstone of robust economic development. It accounted for around 20% of global final energy consumption and about 50% of oil demand in 2021, a similar share to 2000, despite rising demand for … Continue reading

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Energy Policy Review Switzerland 2023

Executive summarySwitzerland is committed to reach net zero emissions by 2050 and reduce greenhouse gas (GHG) emissions by at least 50% by 2030 compared to 1990. To support this, the government has prepared several pieces of legislation. The long-term Federal … Continue reading

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Solar Energy Policyin Uzbekistan: A Roadmap

Context of renewable energy in Uzbekistan Energy supply Uzbekistan is one of the world’s largest natural gas producers. Its energy production amounted to 54.5 million tonnes of oil equivalent (Mtoe) in 2019. Energy production reached a record high of 56.7 … Continue reading

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Southeast AsiaEnergy Outlook 2022

Introduction The Southeast Asia Energy Outlook 2022 is the fifth edition of this World Energy Outlook Special Report. Building on its important partnership with Southeast Asia, the International Energy Agency (IEA) has published these studies on a regular basis since … Continue reading

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An Energy SectorRoadmap to NetZero Emissions inIndonesia

Indonesia is an extraordinary development success story When Indonesia declared independence in 1945, its GDP per capita was more than ten‐times lower than today. Since then, its economic development has been an extraordinary success story. From 1968 to today, Indonesia … Continue reading

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Security of CleanEnergy Transitions

Introduction Unprecedented events – the global coronavirus pandemic (Covid-19), the climate emergency and the turbulence in global energy markets, resulting from the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine – have shocked the world in 2022. Unprecedented challenges, stemming from … Continue reading

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Hungary 2022 Energy Policy Review

The International Energy Agency (IEA) has conducted in-depth peer reviews of its member countries’ energy policies since 1976. This process supports energy policy development and encourages the exchange of and learning from international best practices. By seeing what has worked … Continue reading

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The Futureof Heat Pumps

Today, many of the ways we heat buildings around the world – such as homes, offices, schools and factories – still rely largely on fossil fuels, particularly natural gas. It haslong been clear that this leads to large amounts of … Continue reading

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Gas MarketReport, Q4-2022including Global Gas Security Review 2022

As the summer ends in the northern hemisphere on new highs for natural gas prices and volatility, and markets brace themselves for a winter of unprecedented uncertainty of supply due to Russia’s behaviour, security of energy supply has become a … Continue reading

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Clean EnergyTransitions in theGreater Horn of Africa

The future of Africa’s energy sector is important globally. The International Energy Agency (IEA) is actively supporting evidence-based energy policy making in African countries with the aim of achieving affordable and clean energy, in line with United Nations Sustainable Development … Continue reading

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World EnergyOutlook2022

Today, the world is in the midst of the first truly global energy crisis, with impacts that will be felt for years to come. Russia’s unprovoked invasion of Ukraine in February has had far‐ reaching impacts on the global energy … Continue reading

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ENERGY PROFILE THAILAND

Indicators of renewable resource potential Solar PV: Solar resource potential has been divided into seven classes, each representing a range of annual PV output per unit of capacity (kWh/kWp/yr). The bar chart shows the proportion of a country’s land area … Continue reading

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Algeria Solar investment opportunities

ForewordThe SolarPower Europe Emerging Markets Workstream was launched in March 2018 to identify new avenues for business and cooperation, and to contribute to the global energy transition. Since its creation, the workstream has continued to grow and now comprises 150 … Continue reading

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Middle East Solar investment opportunities

Foreword The SolarPower Europe Emerging Markets Workstream was launched in March 2018 to identify new avenues for business and cooperation, and to contribute to the global energy transition. Since its creation, the workstream has continued to grow and now comprises … Continue reading

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How Hydrogen-Enabled Synthetic Fuels Can Help Deliver the Paris Goals

Executive Summary As of this writing, the world is far off track for meeting the Paris climate goals of 1.5–2°C. Much of the carbon gap is because of the ‘difficult-to-decarbonize’ sectors such as shipping, aviation, and industry. Current projections still … Continue reading

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Korea 2020 Energy Policy Review

Executive summary Korea’s energy sector is characterised by the dominance of fossil fuels, which in 2018 accounted for 85% of total primary energy supply (TPES), a strong dependence on energy imports at 84% of TPES, and the dominance of industrial … Continue reading

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ENERGY TRANSITION OUTLOOK 2022

The present turbulence in energy markets is not inconsequential, however. Europe will transition to arenewables-dominated power system more rapidly, but higher energy prices may dampen investment in clean energy elsewhere. These two effects tend to offset each other globally over … Continue reading

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Socio-economic footprint of the energy transitionJAPAN

Executive summary Japan is one of the world’s most economically and industrially advanced nations. It is also one of the world’s largest consumers and importers of energy. The country is still heavily dependent on fossil fuel imports; however, renewables play … Continue reading

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SOLAR PV A GENDER PERSPECTIVE

About the Gender Perspective Series The Gender Perspective series is an integral part of IRENA’s extensive research work on the effects of renewable energy deployment during energy transitions. The initial focus on employment creation and skills was expanded over time … Continue reading

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ELEEMENTS OF ELECTRIFICATION STRATEGY FOR INDIA

INTRODUCTIONImproving energy efficiency of sectors and sub-sectors through technology upgrade together with maximum fuel switching to electricity is being increasingly recognized as the main strategy for a clean energy transition, as an electrified demand side is necessary to absorb the … Continue reading

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THE POST-COVID RECOVERY

An agenda for resilience, development and equality INTRO DUC TION The COVID-19 pandemic has devastated people’s lives around the world. On top of the tragic death toll, widespread lockdown measures have thrown the global economy into a severe crisis – … Continue reading

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Regulatory Menu for Integration of Renewables

Background Electricity is one of the essential energy carriers in the transition to decarbonisation. Various world economies are undergoing energy transitions driven by ambitions to achieve energy access, strengthen energy security and environmental conditions depending on internal priorities and challenges … Continue reading

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BIOJET FUELS

INTRODUCTION Tackling climate changeAlthough we have made progress in decarbonising many aspects of the world’s energy matrix, with solar, wind and hydro all adding to “green” electricity generation, longdistance transport has proven much more difficult to decarbonise. Increasing electrification of … Continue reading

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OFFSHORE RENEWABLES An action agenda for deployment A CONTRIBUTION TO THE G20 PRESIDENCY

INTRODUCTION KEY DRIVERS OF OFFSHORE RENEWABLE DEVELOPMENTClimate change is one of the greatest threats of this century and is already affecting many regions around the globe. Such impacts are driven by rising GHG emissions, especially from the energy sector, which … Continue reading

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Renewables Readiness Assessment

THE REPUBLIC OF BELARUS INTRODUCTION RENEWABLES READINESS ASSESSMENTThe Renewables Readiness Assessment (RRA) is a tool developed by the International Renewable Energy Agency (IRENA) to comprehensively evaluate the conditions for accelerated renewable energy deployment in a country. It is a country-led, … Continue reading

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Renewble Readlness Assessment Paraguay

Introduction Country profileThe Republic of Paraguay is located in central South America and bordered by Argentina, Bolivia and Brazil. The country has a landlocked area of 406 752 square kilometres, divided into two natural regionsby the Paraguay River. The eastern … Continue reading

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