For first time, the rise in global greenhouse gas emissions has stopped, even as economic growth continues. The IEA credits the impact of solar and wind energy, and hydro. Others say it increases chances of a climate deal in Paris, as people understand a solution is at hand.
IEA presented its World Energy Outlook for 2014. For the first time ever, it looked ahead as far as 2040 painting a sobering picture.
Nigeria has signed a series of agreements to develop and operate 3,000 MW of utility-scale solar photovoltaic power plants over the next five years.
Could the most obvious future energy choice be the fuel we don’t use? The IEA’s inaugural Energy Efficiency Market Report reveals a market with investment levels on par with fossil fuels and renewables, and begs the question: should energy efficiency be considered the world’s ‘hidden fuel’ or ‘first fuel’?
The IEA last year said if the world wanted to meet climate targets, it would have to leave two thirds of its fossil fuels in the ground. So what does unburnable carbon mean for oil and gas giants? HSBC crunches the numbers and says up to 60 per cent of the value of fossil fuel companies could be at risk.