International Energy Agency

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CO2 Report Portends 'Disaster for All Countries'

Worldwide emissions hit new record last year

(Newser) - The planet's carbon emissions rose last year to a record 31.6 gigatons, marking a 1.4% increase, according to a new report. That puts us on track for a surge in temperature far exceeding international benchmarks—a "disaster for all countries," says the chief economist for... More »

US Will Be World's Top Oil Producer by 2020: Report

And green energy could surpass fossil fuels by 2035

(Newser) - Hello, energy independence: The US will become the world's top oil producer by 2020 and require almost no foreign energy by 2035, according to a new International Energy Agency report. The agency bases its daring prediction on the rise in output caused by new technologies like fracking, the LA ... More »

IEA to Release 60M Oil Barrels

Move designed to counteract 'Libyan disruption'

(Newser) - The International Energy Agency will release 60 million barrels of oil over the next month, in a bid to “offset the Libyan disruption,” the group announced today. The oil will come from the strategic reserves of the IEA’s 28 member nations, and will be portioned out at... More »

2010 Saw Shock Rise in Carbon Emissions

Experts warn consequences could be dire

(Newser) - Greenhouse gas emissions rose by a record amount in 2010, leading to the worst-ever carbon output in history, according to unpublished International Energy Agency estimates. The record rise—which, contrary to some predictions, even the recession couldn’t curb—means that hopes of keeping global warming to a safe level... More »

China Passes US in Energy Consumption

Consumed equivalent of 2,252 million tons of oil last year

(Newser) - China has passed the US as the world’s most energy-hungry country, according to new data from the International Energy Agency. China consumed the equivalent of 2,252 million tons of oil last year, about 4% more than the 2,170 million tons the US guzzled. The US is unlikely... More »

Copenhagen Summit a Face-off Between US, China

Tensions flaring over whether China deserves international aid

(Newser) - The Copenhagen talks are starting to look like an economic face-off between Washington and Beijing, with the US concerned by China’s growing footprint and China accusing the US of not living up to its responsibilities. Nearly half the growth in global greenhouse gas emissions over the next 20 years... More »

Recession Trims Carbon Emissions 3%

There's less industrial activity, and more countries look to alternative fuels

(Newser) - The recession will help the world achieve something this year few laws have been able to: cut the output of greenhouse gases. Emissions will be down 3% mainly due to lower industrial activity, the International Energy Agency said today, with countries also helping by switching to alternative energy sources. More »

Winter Oil Heating Costs to Fall

Demand and energy prices continue to fall

(Newser) - The cost of heating an American home with oil this winter will fall 13%, according to government price forecasts released yesterday. The average heating bill for a typical winter for oil customers will be just under $1,700, reports USA Today. But those who use natural gas for heating—who... More »

US May Seek World's Emergency Fuel

Feds still gauging disruption to supplies from Gulf hurricanes

(Newser) - The Bush administration may ask the International Energy Agency to release emergency fuel stocks into the domestic market to cushion losses from hurricane-battered oil refineries, Reuters reports. Gustav and Ike temporarily closed a dozen Gulf Coast refineries, though all are in "reasonably good shape" according to an official, resulting... More »

China's Thirst for Gaz-Guzzlers Boosts Oil Demand

SUV sales jump 43% over last year

(Newser) - While soaring gas prices are driving Americans to buy more energy-efficient cars, Chinese consumers are opting for gas-guzzling Buicks and Hummers, reports the Washington Post. China accounts for 40% of the world's recent increase in oil demand. There were few private cars in China 15 years ago, but today there... More »

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