Kampala, Uganda | THE INDEPENDENT | The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves, and increasing uptake of technologies that run on electricity such as Electric vehicles and heat pumps. Despite the enduring impacts of the global energy …
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MOSCOW, RUSSIA | TASS | Growth of world oil demand is forecast to average just below 1 mln barrels per day in 2024 and 2025, as subpar economic growth, greater efficiencies and vehicle electrification act as headwinds, the International Energy Agency (IEA) said in its July report. Consequently, the estimate …
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SPECIAL REPORT | THE INDEPENDENT | Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report from the International Energy Agency finds that major additional investments are still …
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Paris, France | THE INDEPENDENT | The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity by 2030 that governments set at the COP28 climate change conference last month, …
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COMMENT | KAUSHIK BASU | The International Economic Association (IEA) recently concluded its 20th World Congress in Medellín, Colombia. This triennial event brings together scholars from all over the world to share and discuss the latest developments in economic thinking. This year’s edition underscored the urgency of re-evaluating some of the …
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Kampala, Uganda | THE INDEPENDENT | The International Energy Agency (IEA) has released its latest medium-term market report, signaling a notable deceleration in the growth of global oil demand in the coming years. The Oil 2023 outlook shows that investment in clean energy is accelerating at a faster rate than …
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Kampala, Uganda | TE INDEPENDENT | Forty-five governments from around the world including Uganda have endorsed doubling the average global rate of energy efficiency improvements by the end of the decade. They pledged to support stronger policy action and prioritize investment in a ‘crucial decade’ for energy and climate targets. They …
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Brussels, Belgium | Xinhua | The European Union (EU) could face a shortfall of nearly 30 billion cubic meters (bcm) of natural gas in 2023, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. He presented a report titled “How to avoid gas shortages in the European …
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Paris, France | Xinhua | Europe could face a shortage of as much as 30 billion cubic meters (bcm) of natural gas during the key summer period for refilling its gas storage sites in 2023, the International Energy Agency (IEA) warned on Thursday. “Europe needs to take immediate action to avoid …
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EAC governments advised to take advantage of huge demand for ‘critical minerals’ Kampala, Uganda | RONALD MUSOKE | As demand for the so-called critical minerals which are needed to power renewable energy plants and hi-tech transport systems around the world gathers pace, the big question is whether East Africans can …
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