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IEA report projects geothermal energy to meet 15% of global demand growth

- Report estimates $1 trillion in geothermal investment by 2035 and $2.5 trillion by 2050.

13.12.2024 Electricity

Türkiye unveils renewable energy strategy to London investors

- Presidential Investment Office kicks off European tour to attract funding from UK, France, the Netherlands and Germany

26.11.2024 General

European bank reveals Türkiye investment strategy for next 5 years

- EBRD to prioritize green transition, human capital development, private sector competitiveness, infrastructure, and regional integration in Türkiye

12.11.2024 Finance

World faces critical need of $2T in annual climate financing

- Securing agreement on new climate financing target tops COP29 agenda, says OECD spokesperson

12.11.2024 Finance

Trump's victory shifts focus to US climate, trade policies

- Second term under Donald Trump could hinder efforts to fight climate crisis amid trade tensions with China, Europe

08.11.2024 Energy Diplomacy International Organization

World moving at speed into 'Age of Electricity,' says IEA chief

- IEA forecasts low-emissions sources to generate more than half of world's electricity before 2030 while demand for coal, oil and gas still projected to peak by decade's end

16.10.2024 Electricity

New financing model underway for $2T clean energy investment needs, IEA chief says

IEA and COP29 Presidency are working to suggest 3 global pledges on batteries, grids and methane emissions in climate negotiations in November

25.06.2024 Renewable Finance

IEA chief expects talks at COP29 to focus on clean energy finance to developing countries

IEA and COP29 Presidency are holding series of meetings ahead of summit in Baku later this year to create plan on how clean energy finance can be provided to emerging countries, Fatih Birol says

23.05.2024 Renewable

Clean energy to cover world’s additional electricity demand by 2026: Int. Energy Agency

- Renewables surge while nuclear power eyes all-time high next year, according to global energy agency’s latest Electricity 2024 report

24.01.2024 Electricity

Vessel traffic down 20% in Red Sea due to rerouting

- Ship transits through Cape of Good Hope up by 27% in week of December 25-31

09.01.2024 Oil

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Finance gap for climate adaptation at highest level despite accelerating impacts of climate change

- Adaptation finance to developing countries drops to $21 billion in 2021, while funds needed for adaptation range from $215 to $387 billion per year this decade, 18 times larger than current flows

02.11.2023 General

Enercon CEO calls for level playing field in Europe's wind sector for independent supplies

- European wind industry needs original equipment manufacturers to cut reliance on China and secure supply chain independence, Enercon's Jürgen Zeschky says

02.11.2023 Europe

Failure to cut overreliance for critical tech. might be worse than that with Russia in gas, warns Nordex CEO

- China emerges as single source that most countries are dependent for supply chain of clean energy technologies and critical minerals

31.10.2023 Finance Wind Renewable Europe

Clean energy investments in developing countries, excluding China, must increase sevenfold

- Annual clean energy investments in emerging and developing economies need to more than triple to $2.8 trillion by early 2030s, report says

21.06.2023 Renewable World

Global renewable capacity to post record growth this year, led by solar

- Renewable power worldwide set to rise to 4,500 gigawatts by end of 2024, equal to total power output of China and US combined

01.06.2023 International Organization World

Solar power investment set to overtake oil production spending for first time

- With over $1 trillion expected to be spent on fossil fuels this year, sustainable energy investments, led by solar, are expected to reach $1.7 trillion

25.05.2023 Solar Invesments World

UK energy bills to fall in summer as energy regulator cuts price cap

- For first time since global energy crisis began more than 18 months ago, consumer prices are in decline

25.05.2023 Electricity Natural Gas Europe

Green energy can replace Russian gas in EU by 2028 with €811B investment, report finds

- Total €811 billion expenditure includes planned clean energy spending of €299 billion as part of European Green Deal and additional investment of €512 billion

09.05.2023 Renewable International Organization Europe

Asset managers invest over $400B in oil, gas despite climate commitments

- 25 members of Net Zero Asset Managers Initiative among largest shareholders of world's 15 biggest listed oil and gas companies

05.05.2023 Natural Gas Oil Europe

Gas markets in rebalancing trend after 2 years of crisis, though supply remains relatively tight

- Russia could cut piped gas flow to Europe by 35 billion cubic meters this year, likely to tighten supplies but outlook is "cautiously optimistic"

24.04.2023 Natural Gas Europe

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British Harbour Energy, bp to develop carbon capture and storage project

- Project is estimated to meet one-third of UK's target to capture and store up to 30 million tons of CO2 a year by 2030

11.04.2023 Renewable Finance International Relations International Organization Europe

Coal phaseout’s pace needs to be sharply accelerated to meet Paris goals: Report

- All existing plants in world's richest countries need to be retired by 2030 and by 2040 elsewhere in world, according to Boom and Bust Coal report

06.04.2023 Renewable Coal Europe

OPEC+ cuts risk increasing oil prices, straining tight oil market, IEA says

- Substantial oil production cuts announced by OPEC+ come during period of heightened uncertainty for global oil markets and economic outlook: Int'l Energy Agency

04.04.2023 International Relations International Organization World

EU's proposed LNG, gas pipeline projects at odds with climate goals, report says

- Proposed LNG infrastructure could lead to potential increase of 950 million tons of CO2 emissions per year in EU

27.03.2023 World Europe

EU's LNG imports from Russia see highest levels in 3 years

- European Union's LNG imports from Russia last year rise by 31% and 35% compared to 2020 and 2021 volumes, respectively

07.03.2023 Lng/Lpg Europe

Clean energy growth limits rise in energy-related CO2 emissions in 2022

- Growth in CO2 emissions would have been nearly three times as high, IEA calculates, warning emissions still on unsustainable growth trajectory

02.03.2023 Renewable

Gas markets remain tight due to China's uncertain LNG demand and further Russian supply cuts

- China's demand growth could spark fierce competition and unsustainable price levels this summer, IEA warns

28.02.2023 Natural Gas Lng/Lpg Eurasia Asia

Gas markets see 'notable firsts' amid energy crisis exacerbated by Russia's war in Ukraine

- Germany opens first LNG terminal, while EU deals with at least tenfold higher gas prices in first year of Russia's war in Ukraine

22.02.2023 Natural Gas Europe

Methane emissions not falling despite more than enough income in oil, gas industry for cuts

- Fossil fuel producers benefiting from hefty profits amid global energy crisis need to step up quickly along with policy makers, IEA chief urges

21.02.2023 Natural Gas Oil

A year into Russia's war in Ukraine: Energy crisis deepens, but renewables emerge stronger

- World set to double renewable capacity in 5 years, with growth volumes expected to be 30% higher than anticipated one year ago

20.02.2023 Electricity Renewable

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IEA calls on energy sector to provide urgently needed supplies for Türkiye's quake-hit region

- Transformers, portable solar power generators, LPG for rural communities, electric heaters, container homes and Arctic tents are urgently needed, says Birol

13.02.2023 Solar International Relations

Renewables, nuclear to meet almost all growth in global power demand in next 3 years, IEA finds

- World's electricity demand set to accelerate, adding more than double Japan's current power consumption over three years, says IEA chief

08.02.2023 Renewable Nuclear

Wind, solar power generated record 22.3% of EU’s electricity in 2022, overtaking gas for 1st time

- EU generated 32% of its power from nuclear and hydro sources, followed by wind and solar at 22.3%, fossil gas at 19.9% and coal at 16% in 2022

31.01.2023 Wind Solar World

Russia-Ukraine war to spur clean energy transition as supply security concerns rise, says bp

- In net zero scenario, installed wind, solar capacity grows 15-fold worldwide, reaching 20,225 gigawatts by mid-century, bp estimates in report

31.01.2023 World Europe Eurasia

Karpowership, Ukraine sign pact to fast-track 500 MW powerships to ease power crisis

- Moldova and Romania ports are most likely docking locations for Karpowership vessels to feed into Ukraine’s power grid, says statement

26.01.2023 Electricity World Türkiye Europe

Russia's seaborne crude oil exports down 9% in 1st month of price cap

- Russia's seaborne crude exports dropped 266,000 barrels a day in December after beginning of price cap and embargo by EU

13.01.2023 Oil International Relations Europe Eurasia

Global coal use to reach all-time high in 2022 driven by energy crisis: IEA

- Rise in coal use in Europe expected to be temporary with falling demand in advanced economies but remaining robust in Asia in coming years

16.12.2022 Coal

Increasing renewable energy capacity helps to reduce inflation, Turkish study says

- Growth of renewables stands out as one of key strategies in fighting inflation, economists point

15.12.2022 Renewable Türkiye

Gas storage withdrawals accelerate in EU, UK as cold spell drives up heating demand

- High storage levels are critical in Europe to pass winter without major gas shortage and power blackouts amid ongoing energy crisis

14.12.2022 Natural Gas Europe

EU needs stronger action to fill potential gap of 30 billion cubic meters of gas in 2023, IEA says

- Despite progress on reducing reliance on Russian gas, EU is not out of danger zone yet, IEA chief cautions

12.12.2022 Natural Gas Europe

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Russia's crude exports to India up 14-fold, while exports to China double

- Russia focuses on other markets, like India and China, with fall in European buyers due to sanctions

12.12.2022 Oil Asia

Turkish Karpowership in talks for power supply to Ukraine via Moldova and Romania

- Powerships could be deployed in different ports in Moldova and Romania to send electricity to Ukraine via transmission lines, senior company official says

07.12.2022 Electricity Türkiye Europe

Supply concerns, lower costs drive unprecedented renewables growth

- Supply security and economics are now more important than climate change in driving extraordinary renewables growth over next five years: IEA Chief

06.12.2022 Renewable Türkiye

Türkiye sees record applications for solar and wind-based storage projects

- Applications for storage projects in solar and wind power correspond to 19,881 and 47,468 megawatts, respectively

29.11.2022 Wind Solar

World's biggest 14 emitters are all oil and gas fields, most located in US and Russia

- Among 14 largest emitters, US has five and Russia four oil and gas fields with remainder in Iran, China, Algeria, Iraq and Saudi Arabia

11.11.2022 Natural Gas Oil Eurasia Americas

Germany's climate envoy eyes "more solidarity" with most vulnerable countries

- "We are involved in doing an update report to this delivery plan of $100 billion climate finance," Germany's special climate envoy says

09.11.2022 Renewable International Organization Europe

Greenhouse gas emissions from oil, gas sector are as much as 3 times higher than reported

- Half of top 50 emissions sources are from oil and gas production fields and associated facilities, but these emissions are significantly underreported

09.11.2022 Natural Gas Oil Renewable International Organization Europe Middle East-Africa

Early Warnings for All Action Plan against extreme weather unveiled at UN climate summit

- Plan developed to protect everyone on Earth from increasing natural disasters, with a focus on the most vulnerable

07.11.2022 Renewable Finance Energy Diplomacy Asia Middle East-Africa General

Financing to turn climate adaptation plans into action 10 times below estimated needs

- Annual adaptation needs are estimated to be $160-340 billion a year by 2030 and $315-565 billion a year by 2050, a new UN report finds

03.11.2022 Natural Gas Oil Finance World Europe

EBRD likely to finance €1.5B in Türkiye this year, eyes more renewable projects

- Bank's fresh commitments in Turkey this year total €1.1 billion and are projected to rise as more projects come online over remainder of year, says bank official

03.11.2022 Finance

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Fossil fuel subsidies at least 4 times more than committed $100 billion to developing countries

- Fossil fuels are too dangerous and volatile to depend on as seen in current energy crisis with growing impacts on health

02.11.2022 Natural Gas Oil Finance

Türkiye prepares to realize long-standing aim to operate as gas hub

- Türkiye is using advantage of strong gas infrastructure with increasing capacity of LNG and underground gas storages

01.11.2022 Natural Gas International Relations

Spot market natural gas prices for Thursday, Oct. 27

- 1,000 cubic meters of natural gas on spot market costs 23,999 Turkish liras

28.10.2022 Natural Gas

Spot market electricity prices for Saturday, Oct. 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 792.03 million Turkish liras

28.10.2022 Electricity Türkiye

Türkiye's daily power consumption up 0.6% on Oct. 27

- Electricity exports amount to 7,365 megawatt-hours and imports total 27,676 megawatt-hours

28.10.2022 Electricity

UN says still 'no credible pathway to 1.5°C in place' with inadequate progress on climate action

- Nationally determined contributions submitted since COP26 summit take only 0.5 gigatons of CO2 equivalent greenhouse gas emissions, less than 1%, off projected global emissions in 2030

27.10.2022 International Organization

Current plans to cut emissions risk 2.5°C warming rise, far from targets

- UN report shows current commitments will increase emissions by 10.6% by 2030 compared to 2010 levels

26.10.2022 Coal International Organization

Sustainable investments grow despite challenges in global economy

- Investments in sustainable projects peak at $1.7 trillion last year from $33 billion level in 2012, EBRD director says

26.10.2022 Renewable Finance

Fossil fuel overreliance puts health of current, future generations in jeopardy

- Global fossil fuel addiction places additional strain on healthcare systems already dealing with other crises ranging from COVID-19 to food insecurity and energy poverty

26.10.2022 Natural Gas Oil Coal

Global CO2 emissions from energy set to defy expectations with less than 1% growth in 2022

- After worsening in 2021, record deployment of renewables and electric vehicles help improve CO2 intensity of world's energy supply

19.10.2022 Natural Gas Oil World

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Türkiye expects record solar power capacity growth in 2022

- With record growth, Turkey's installed solar power capacity could reach 10 GW by the year end

19.10.2022 Electricity Solar Türkiye

Record rise in EU's wind and solar generation avoids €11B in gas costs

- Wind and solar account for 24% of EU electricity between March and September, according to an E3G and Ember study

18.10.2022 Electricity Renewable Europe

Spot market electricity prices for Sunday, Oct. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 630.1 millioin Turkish liras

15.10.2022 Electricity

Türkiye's daily power consumption down 1.35% on Oct. 14

- Electricity exports amount to 9,734 megawatt-hours and imports total 29,125 megawatt-hours

15.10.2022 Electricity Türkiye

Türkiye's Karpowership in talks with European countries to supply 2 GW floating power plants

- If discussions reach conclusion with European countries, this will be first time for Karpowership to provide floating power plants to Europe

13.10.2022 Electricity Europe

UK opens new oil and gas licensing round for 898 blocks in North Sea

- First licenses will be awarded from second quarter of 2023 and four priority areas will be sought to license ahead of others

07.10.2022 Natural Gas Oil

UK warns of possible 3-hour power cuts during winter

- Some customers could be without power for pre-defined hours, UK's electricity system operator warns

07.10.2022 Electricity

Türkiye's gas imports down 15.7% in July 2022

- Natural gas volume in storage increases by 20.6% to around 3.37 bcm in July 2022

06.10.2022 Natural Gas Türkiye

Renewables meet 100% increase in global power demand, halt rise in coal and gas

- Global power demand grows by 389 terawatt-hours in first half of 2022 while electricity generation from wind, solar and hydro up by 416 terawatt-hours

05.10.2022 Electricity Renewable Coal

Spot market electricity prices for Wednesday, Oct. 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.84 billion Turkish liras

04.10.2022 Electricity Türkiye

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Spot market natural gas prices for Monday, Oct. 3

- 1,000 cubic meters of natural gas on spot market costs 26,100.12 Turkish liras

04.10.2022 Natural Gas

Türkiye's daily power consumption up 11.8% on Oct. 3

- Electricity exports amount to 7,250 megawatt-hours and imports total 7,446 megawatt-hours

04.10.2022 Electricity Türkiye

Wind and solar could halve Türkiye's foreign dependency in power generation by 2030

- Solar and wind's share in electricity generation, which stood at 13.6% in 2021, could reach 34-38% by 2030 with increased capacity

04.10.2022 Renewable Wind Solar

Gazprom confirms pressure has stabilized and leaks stopped at Nord Stream pipelines

- Pressure in both lines of Nord Stream 1 and line A of Nord Stream 2 returns to normal levels

03.10.2022 Natural Gas

IEA warns of gas market tightness in 2023 as Russia further reduces supplies to Europe

- Global gas demand is forecast to drop by 0.8% this year and grow 0.4% in 2023 due to high prices and lower supplies

03.10.2022 Natural Gas Europe Asia

Spot market natural gas prices for Saturday Sept. 24

- 1,000 cubic meters of natural gas on spot market costs 26,174.11 Turkish liras

25.09.2022 Natural Gas

Spot market electricity prices for Monday, Sept. 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.83 billion Turkish liras

25.09.2022 Electricity Türkiye

Türkiye's daily power consumption down 4.5% on Sept. 24

- Electricity exports amount to 9,762 megawatt-hours and imports total 21,060 megawatt-hours

25.09.2022 Electricity Türkiye

Power market prices see historic highs with mounting energy crisis

- Power market price increases reach 537% in France, 466.7% in Germany, 450% in Türkiye and 246.6% in UK in one year

20.09.2022 Electricity Türkiye Europe

Net zero under risk of delays by decades due to international 'collaboration gap'

- Breakthrough Agenda Report sets out 25 urgent recommendations to make more clean technologies most affordable options in five key sectors

20.09.2022 Renewable

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Spot market electricity prices for Tuesday, Sept. 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.99 billion Turkish liras

19.09.2022 Electricity

Spot market natural gas prices for Sunday, Sept. 18

- 1,000 cubic meters of natural gas on spot market costs 26,297 Turkish liras

19.09.2022 Natural Gas Türkiye

Türkiye's daily power consumption down 10% on Sept. 18

- Electricity exports amount to 10,724 megawatt-hours and imports total 28,633 megawatt-hours

19.09.2022 Electricity

Finance is biggest challenge to Ukraine as country struggles to secure gas supplies ahead of winter

- Despite falling demand during war, Ukraine currently needs about 2 billion cubic meters of gas in a month to fill storage at targeted level

16.09.2022 Natural Gas

Spot market electricity prices for Friday, Sept. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 2.04 billion Turkish liras

15.09.2022 Electricity Türkiye

Spot market natural gas prices for Wednesday, Sept. 14

- 1,000 cubic meters of natural gas on spot market costs 26,297 Turkish liras

15.09.2022 Electricity Türkiye

Türkiye's daily power consumption down 1.1% on Sept. 14

- Electricity exports amount to 9,126 megawatt-hours and imports total 20,383 megawatt-hours

15.09.2022 Electricity Türkiye

Transition to decarbonized energy system could save at least $12T by 2050

- Clean energy technology costs could become cheaper with accelerated transition, a new study finds

14.09.2022 Renewable

High lithium prices, potential supply disruptions could slow down EV growth

- Price of lithium increases 355% in one year due to high demand from EV sector

13.09.2022 Electricity

Spot market natural gas prices for Saturday, Sept. 10

- 1,000 cubic meters of natural gas on spot market costs 26,297 Turkish liras

11.09.2022 Natural Gas Türkiye

Romania to lengthen lifespan of 1st nuclear reactor with $2 billion contract

Türkiye to initiate trial production at Akkuyu in 2025: Turkish energy min.

Meta seeks advice from nuclear power developers to help meet its AI goals

US set to triple nuclear power goal by 2050

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Türkiye's daily power consumption down 4% on Nov. 9

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

Türkiye to increase capacity of gas storage facility in Istanbul to 5.6 bcm, says energy minister

Türkiye's LPG production down 27% in September 2024

Turkish President Erdogan announces LNG supply deal with Oman

Türkiye's gas hub plan highlights role in global energy: Russian official

TotalEnergies and China's Sinopec sign multiyear LNG supply agreement

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Scottish government approves £150 million offshore wind fund

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Türkiye's solar power soars to record heights in 2024: Ember

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

$41bn to be invested in green hydrogen and renewable energy in Egypt over 10 years

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Türkiye requires new investments for development of geothermal sector

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

Spot market electricity prices for Monday, Dec. 16

Scottish government approves £150 million offshore wind fund

Spot market electricity prices for Monday, Dec. 9

Türkiye's daily power consumption down 5.6% on Dec. 7

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

Global leaders of energy sector to convene at İstanbul Energy Forum

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Vitol to invest $550 million in clean cooking technologies in Africa

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Türkiye's LPG production down 6.3% in October

Israel continues "unlawful" approach to Palestinian natural resources

EU adopts 14th package of Russia sanctions

Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President