Clean energy spending must rise from $150 billion in 2020 to $1 trillion annually by 2030 for emerging economies to reach net-zero emissions by mid-century.
In a bombshell report, the International Energy Agency states that the world must stop new fossil fuel projects immediately to hit net-zero emissions by 2050.
The International Energy Agency believes the explosive growth in renewables, with installations soaring in 2020, is here to stay.
Electrification and the wider energy transition has spurred an upsurge in commodity prices.
The IEA warns that the current supply of critical minerals will not be enough to meet the energy transition demand.
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.
A growing number of analysts believe that U.S. production will never again hit recent highs.
As Coronavirus reignites the global oil demand debate, near-term problems have brought back concerns about the long-term viability of oil and gas.
With global oil supply outpacing demand, oil traders are shrugging off rising tensions around the Strait of Hormuz.
The top forecasters for the oil market have repeatedly downgraded their estimates for demand. Absent a turnaround in global growth, the pitfalls for the oil market may only grow worse.