BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International...
Tag : international energy agency
Global energy demand growth 2024 jumped to 2.2%, led by soaring electricity use and record renewable energy deployment....
Global electricity demand is projected to rise nearly 4% annually through 2027, driven by industrial expansion, transport electrification, and rapid data center growth....
The AI Action Summit in Paris saw 61 countries commit to ethical and sustainable AI, but the US and UK declined to sign the final declaration....
The UAE is expected to exceed its renewable energy capacity targets for 2030, with significant growth projected by the IEA, highlighting its leadership in the MENA region's energy transition....
A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport....