International Energy Agency (IEA) Current Affairs, GK & News

IEA’s Electricity Market Report

The International Energy Agency (IEA) released its early 2022 edition of the bi-annual Electricity Market Report. Key facts of the report As per report, countries are largely turning to fossil fuels for meeting the increase in electricity demand, as Covid-19 lockdown restrictions are lowering down. Global electricity demand increased by 6% year-on-year in 2021. It ..

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IEA on India’s Ethanol Consumption

As per recent research of International Energy Agency (IEA), India is on track to become world’s third-largest ethanol market by 2026. Key Facts India will only be left behind United States and Brazil by 2026, as it has accelerated the transition towards clean energy environment to become carbon neutral by 2070. This research came after ..

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IEA invites India to become full-time member

International Energy Agency (IEA) has invited India to become its full-time member. Key Points This membership invitation was given in the light that, India is world’s third-largest energy consumer. If this proposal is accepted, it will require India to increase its strategic oil reserved to 90 days requirement. Oil Minister Hardeep Singh Puri held discussions ..

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G-7 Nations pledge to accelerate efforts against Global Warming

Environment ministers from seven industrialised nations or G7 grouping agreed to accelerate efforts against global warming during a two-day virtual meeting hosted by United Kingdom, holding presidency of G7 currently. Highlights They also committed to stop government support for new coal-fired power plants by the end of 2021. Extended support to limit global temperature rises ..

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IEA: Renewable Energy Market Update

The International Energy Agency recently released the “2021 Renewable Energy Market Update”. The Agency has increased its forecast for the global growth of solar energy and wind energy by 25%. The report reveals that 280 GW of the renewable energy was installed in 2020. This is 45% increase as compared to that of 2019. Key ..

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Global Electric Vehicle Outlook, 2021

The International Energy Agency recently released the Global Electric Vehicle Outlook. Key Findings of the report Three million new electric cars were registered in 2020. This was 41% higher than those registered in 2019. According to the report, if the governments will ramp up their efforts to meet international climate goals, then the number of ..

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