Global emissions from fossil fuels are likely to reach record highs this year, new data shows, putting nations further off track from stopping global warming.
Tag: International Energy Agency
Your Friday Briefing: The U.S. Economy Grew, Slowly
Plus the war in Ukraine may boost clean energy and investigations into Chinese outposts overseas.
War in Ukraine Likely to Speed, Not Slow, Shift to Clean Energy, I.E.A. Says
While some nations are burning more coal this year in response to natural-gas shortages spurred by Russia’s invasion of Ukraine, that effect is expected to be short-lived.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Internation Energy Agency Says Nations Should Conserve Fuel as Global Energy Crisis Looms
The International Energy Agency said countries should encourage use of mass transit and car pooling, among other things. That could also help the climate crisis.
OPEC and Allies Agree to Raise Oil Output Amid Lagging Production
The group called OPEC Plus decided to increase oil output by 400,000 barrels a day, but its members have lately been falling short of production quotas.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce energy prices, the U.S. will release 50 million barrels of crude. Five other nations also will dip into stockpiles.
G7 Nations Take Aggressive Climate Action but Hold Back on Coal
President Biden pushed climate action after four years in which Donald Trump rejected cooperation with allies. But leaders failed to set an expiration date for burning coal.
Coal Is Set to Roar Back, and So Are Its Climate Risks
To slow down climate change, new coal projects need to end. A global forecast this week shows demand rising sharply.
As Energy Prices Tumble, Developing Countries Trim Subsidies
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.