IEA

Rising role of energy security in government policy could help drive acceleration of renewables and infrastructure construction projects by Mark Carney's Liberals, says Clean Energy Canada, as industry watchdog the International Energy Agency publishes latest global sector investment report

Liberal support for oil and gas has hurt the Canadian economy. On average, other economic sectors sustain more than eight times more jobs per million dollars of GDP than oil and gas extraction.

Canada and other wealthy nations spent some US$535 billion on subsidies for  the fossil fuel sector in 2023, while support for clean energy topped out at US$168 billion, says a new study.

Half of all new cars are now SUVs, and even though approximately 20 per cent of them are hybrid or electric vehicles, rising emissions from the vehicles have been cited for causing as much as a fifth of the increase in global carbon dioxide emissions.

Experts say the world is "past peak fossil power" but warn against uneven development of energy projects.

The world's renewable energy grew at its fastest rate in the past 25 years in 2023, the International Energy Agency reported on Thursday in its first assessment since nations agreed in December on ambitious new targets to slow dangerous climate change.

Rather than a trade group fighting to keep gas in homes, we need one fighting for a very different future.

For Muskan, the arrival of summer in Delhi is the “beginning of hell.” As temperatures in her cramped, densely populated east Delhi neighbourhood often soar above 45 C, she dreams of only one thing: air conditioning.

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year's United Nations climate talks in Dubai, more than three times the number found in an Associated Press analysis of last year's talks, as new rules took effect requiring attendees to disclose their employment.

In a new report, the Paris-based International Energy Agency said oil and gas companies need to start "letting go of the illusion" that "implausibly large" amounts of carbon capture are the solution to the global climate crisis.

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fuelled by human-caused climate change, the International Energy Agency said.

Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars and heat pumps — similar to how sharp increases in the price of oil during the 1970s unleashed efforts to conserve fuel, the head of the International Energy Agency said.

Floods and storms accounted for 95 per cent of recorded child displacement between 2016 and 2021, according to the first-of-its-kind analysis by UNICEF and the Internal Displacement Monitoring Centre. The rest — more than two million children — were displaced by wildfires and drought.

The report released Tuesday says the worldwide rollout of key technologies such as renewable power, electric vehicles and heat pumps is happening so quickly that demand for coal, oil and natural gas is set to peak within the next 10 years.

The most important issue in Alberta's election was the one nobody touched: the energy transition and its impact on the province's future. Why Albertans will end up paying the price of that — and why Danielle Smith seems determined to raise the cost.