India’s natural gas demand to rise 60% by 2030: IEA

India’s natural gas demand is forecast to increase by nearly 60% by 2030 putting the country’s projected gas demand on a par with some of the world’s largest consumers, the International Energy Agency (IEA) said. The agency released its report on India gas market outlook to 2030 during the India Energy Week here. According to

IEA makes its energy data, statistics freely available through upgraded pages

In another major step towards making more IEA data freely available and accessible, the IEA has upgraded the Countries and Regions section of its website by adding a comprehensive range of statistics and information at the global, regional and national levels. The revamped country pages are the latest example of the IEA delivering on recent

IEA says oil demand set to peak by 2029

The International Energy Agency (IEA) predicts that global oil demand will peak by 2029, after which it will gradually decline as renewable energy sources become more prevalent. This forecast aligns with the global push toward cleaner energy and the increasing adoption of renewable technologies. Contrarily, the Organization of the Petroleum Exporting Countries (OPEC) anticipates that

Coal is preparing to say adieu

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs

Global carbon pollution hits record high

Global carbon pollution from energy hit a record high last year, driven partly by increased fossil fuel use in countries where droughts restricted hydropower production, according to an International Energy Agency (IEA) report. Steep cuts in carbon emissions, mainly from burning fossil fuels, will be needed in the coming years if targets to limit a

India will become largest source of global oil demand growth, says IEA

India will in seven years become the largest source of global oil demand growth as its domestic production shrinks 22 per cent, said the International Energy Agency (IEA) in the latest report titled ‘Indian Oil Market Outlook to 2030’. It further added that while growth in developed economies and China initially slows and then subsequently

IEA lowers renewables forecast for clean hydrogen

Hydrogen-dedicated renewable energy capacity is expected to grow by 45 GW between 2022 and 2028, some 35% lower than forecast a year ago, the International Energy Agency (IEA) said in its latest Renewables report. There is growing political momentum for low-emission hydrogen but actual implementation has been held up by uncertain demand outlooks, a lack

Biofuel to make up 6% of road transport by 2030

Biofuel demand is forecast to expand to 6% of forecasted road transport energy demand in 2030, driven by policies and planned project additions, according to data from the International Energy Agency. The 6% share will be equivalent to 5.3 exajoules, the IEA said in its December report The Role of E-fuels in Decarbonising Transport. Road

Why shipping is opting for green hydrogen-based methanol?

Despite an upcoming crunch in available biogenic CO2 for e-methanol, extra costs for ammonia-fuelled vessels may swing the balance in the short term, says IEA report. Green ammonia and methanol — derived from renewable hydrogen — are widely expected to be used in the future to reduce greenhouse gas emissions from the highly polluting shipping

IEA says don’t bank on carbon capture

Carbon capture and storage has become a key plank of the Canadian oil and gas sector’s decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm. In a report released recently, the Paris-based IEA said oil and gas companies need to start