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Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA

May 22, 2023 by IEA

The IEA summarises its 33-page report “Emissions from Oil and Gas Operations in Net Zero Transitions”. The IEA says the oil and gas sector needs £600bn up front to meet its 2030 target of a 60% reduction in emissions. That’s only 15% of the sector’s record 2022 energy-crisis windfall income. A small price increase and savings should recoup that money “quickly”, says the IEA. The IEA not only maps a way to limit the global average temperature rise … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCUS, CDR, electrification, emissions, flaring, gas, hydrogen, IEA, intensity, methane, NZE, offsets, oil, scenarios

IEA WEO 2021 message to COP26: 40% of clean energy goals will cut costs

October 15, 2021 by Simon Evans

The IEA’s latest World Energy Outlook was published on Wednesday. This year’s WEO-2021 is released earlier than usual to inform COP26 and, for the first time, is available for free to ensure the widest possible audience. Simon Evans at Carbon Brief offers his summary of the 386-page report, quoting relevant numbers and charts. He first points to the new scenario, Net-Zero Emissions by 2050 (NZE), as the IEA’s recognition that this is what … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: COP26, costs, efficiency, electrification, emissions, EVs, fossilfuels, IEA, infrastructure, innovation, jobs, JustTransition, markets, methane, NZE, scenarios, solar, weather, WEO2021, wind

The IEA explains its new “Net-Zero Emissions by 2050” roadmap

May 18, 2021 by Laura Cozzi and Timur Gül

Today the IEA publishes its new special report, “Net Zero by 2050: a Roadmap for the Global Energy Sector”, its deepest dive so far into what’s needed for a successful global transition. It analyses the options as well as the socio-economic, behavioural and environmental impacts they will have globally. Here, Laura Cozzi (Chief Energy Modeller) and Timur Gül (Head of the Energy Technology Policy Division) at the IEA summarise the key principles … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: behaviour, bioenergy, CCS, CCUS, electricity, Environment, gas, hydrogen, IEA, IPCC, NZE, oil, solar, wind

Most read this week

  • Poland’s Coal-to-Nuclear plans move forward with U.S. partners by Matt Bowen | posted on December 5, 2023
  • EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more by Huangluolun Zhou | posted on December 4, 2023
  • Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs by IEA | posted on December 8, 2023
  • Sodium-ion batteries ready for commercialisation: for grids, homes, even compact EVs by Carlos Ruiz | posted on September 11, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Making solid fuel from captured CO2 (with a 96% conversion rate) by David Chandler | posted on December 6, 2023
  • Another chapter in Offshore Wind’s stop-go story: New York by Joseph Webster | posted on December 7, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • What does cutting-edge Smart Metering look like as Grids become increasingly complex? by Gridspertise | posted on November 23, 2023
  • Farming Algae for Carbon Capture: new research cuts “fouling.” Scale-up in 3 years? by David Chandler | posted on June 21, 2023
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  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • 5 charts show the rapid fall in costs of renewable energy by Douglas Broom | posted on November 16, 2020
  • Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen by Jennifer Chu | posted on November 29, 2023
  • Italy: 71 GWh of additional Grid Storage required by 2030 says Terna by Sara Stefanini | posted on November 28, 2023
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • How to manage price risk as the EU shifts from Russian Gas to Renewables by Kong Chyong | posted on December 1, 2023

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  • Another chapter in Offshore Wind’s stop-go story: New York
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        Recent Posts

        What does cutting-edge Smart Metering look like as Grids become increasingly complex?

        Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs

        Another chapter in Offshore Wind’s stop-go story: New York

        Making solid fuel from captured CO2 (with a 96% conversion rate)

        Poland’s Coal-to-Nuclear plans move forward with U.S. partners

        EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more

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