Shortly after the global COVID-19 pandemic really took hold early this year, the energy and environment-focused news media became suddenly filled with boosterism stories about the supposedly accelerating Energy Transition. These stories all pushed the thesis that pandemic and its resulting bust in oil prices would somehow accelerate the flow of capital into renewables and electric vehicles (EVs) to the detriment of fossil fuels.

This all seemed to be a bit counter-intuitive to me for a couple of compelling reasons.

Is The Energy Transition Really Accelerating? | Devamı>>>

Herculean global action to roll back the economic carnage of the coronavirus is about to bump into a new problem: climate change. With as much as $15 trillion in economic stimulus on offer – an unfathomable 17% of global GDP – we’ll see spending on a scale that will affect the earth’s climate no matter what.

Most of the spending is being raised in China, the European Union and the United States, the big three global emitters.

Can Coronavirus Stimulus Get Us Off Fossil Fuels? | Devamı>>>

The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic.

The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through to 2023.

It sets out three main goals: spurring economic growth, creating jobs and building more resilient and cleaner energy systems.

IEA Outlines $3 Trillion Green Recovery Plan! | Devamı>>>

While there is rich extant literature on India’s dependence on and its long-term need for natural gas and coal, there is not a similar understanding of non-fuel minerals, particularly the critical minerals. A study by the Department of Science and Technology and the Council on Energy, Environment, and Water (DST-CEEW, 2016) points out that there isn’t enough research in India on ensuring mineral resource security for the manufacturing sector.[1] The study looked at 49 non-fuel minerals, including rare earth minerals, and assessed the impact of critical minerals on manufacturing sector due to supply constraints.[2]

The criticality of non-fuel minerals has been evaluated through considering economic importance and the supply-side risks.

Skewed Critical Minerals Global Supply Chains Post COVID-19 | Devamı>>>

Renewable energy investments are delivering massively better returns than fossil fuels in the U.S., the U.K. and Europe, but despite this the total volume of investment is still nowhere near that required to mitigate climate change. Those are some of the findings of new research released today by Imperial College London and the International Energy Agency, which analyzed stock market data to determine the rate of return on energy investments over a five- and 10-year period.

Just How Good An Investment Is Renewable Energy? Study Reveals All | Devamı>>>

The coronavirus pandemic will slash energy sector investment by about $400bn this year — the biggest ever annual fall — with the International Energy Agency warning that the world could grow more dependent on cheaper, dirtier fuels that undermine global climate goals.  Spending is due to plunge in every major sector, from oil, gas and coal to renewables, the Paris-based body said in a report published on Wednesday that takes into account project data and announcements from governments and companies.

Global Energy Spending to Fall $400bn Due to Coronavirus Crisis | Devamı>>>

Whole cities, towns, regions and countries are in lockdown owing to the coronavirus or Covid-19 global pandemic with shutdowns stretching from the Philippines to Canada and much else in between.

Earlier this week, India – the world’s second-most populous country – initiated its lockdown to control the virus outbreak. That’s a $2.7 trillion GDP economy of over 1.3 billion people grinding to a virtual halt. With each passing day, the question on every energy forecasters‘ mind is what such lockdowns will do to crude demand.

Global Oil Demand Could Fall 20% In Coronavirus Lockdown | Devamı>>>

The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus. “I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington on Thursday. “The impacts are already severe mainly because the transport sector is heavily affected.”

Last month, the Paris-based adviser to industrialized nations warned that the virus could curb annual growth in oil consumption to the lowest since 2011, but still called for 800,000 barrels a day of growth.

IEA Plans to Revise Down Oil Demand Forecasts Due to Virus | Devamı>>>

Oil demand is set to fall this quarter for the first time since the financial crisis in 2009 due to the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday.

“The consequences of Covid-19 for global oil demand will be significant,” the Paris-based IEA said in a monthly report, using the new scientific name for the virus.

Demand in the first quarter of 2020 is expected to fall by 435,000 barrels per day (bpd) compared with a year earlier, it said, noted it would be “the first quarterly decrease in more than a decade”.

Oil Demand Set for First Fall in a Decade as Virus Takes Toll: IEA | Devamı>>>

Global carbon dioxide emissions stopped growing in 2019, the International Energy Agency (IEA) has claimed in a new report.

According to the report released today, global CO2 emissions held at around 33 gigatonnes (Gt) last year, following two years of increases. The authors attribute the apparent good news to the expansion of renewable wind and solar energy sources, nations switching from coal to natural gas energy generation, and additional nuclear power output.

Global CO2 Emissions ‘Flatlined’ In 2019, New Report Claims | Devamı>>>

If the world does not step up efforts on renewable energy, it will fall short of the United Nations Sustainable Development Goals (SDGs) for 2030. This is according to a new report >>> compiled by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank and the World Health Organization (WHO).

Specifically, SDG 7 sets out to “ensure access to affordable, reliable and modern energy for all”.

Population Without Access To Electricity Drops By 400 Million Since 2010 | Devamı>>>

After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals.

Last year was the first time since 2001 that growth in renewable power capacity failed to increase year on year. New net capacity from solar PV, wind, hydro, bioenergy, and other renewable power sources increased by about 180 Gigawatts (GW) in 2018, the same as the previous year, according to the International Energy Agency’s latest data.

Renewable Capacity Growth Worldwide Stalled In 2018 | Devamı>>>