Tag Archives: IEA

Renewable energy sector, as sun and wind, employs more and more people and this is just the start.


According to a report by Allen & York, the 9.4 million includes 2.8 million in solar PV, 1.6 million in liquid biofuels and 1 million in wind, reflecting a “5% increase in 2015 and confirms the strength of this relatively new industry.”

When it comes to fossil fuels versus renewables, there’s no contest. Clean energy is our fastest path to a booming, prosperous economy for all of us. The next time you’re confronted with the White House’s alternative facts on coal, oil and job creation, arm yourselves with this info instead.

global pv demand
CREDIT: GTM Research

The report states that China, Brazil, the United States, India, Japan and Germany currently have the most renewable energy jobs.  Europe still has a strong renewables market, it says, despite the withdrawal of subsidies in the UK for new wind and solar developments.  Germany, Spain, the UK, France and Italy “lead the field in installed wind capacity across Europe”, and the solar marketplace has “grown by 15% of installed capacity in 2015”, prompting  SolarEurope to describe Europe as the most “solarized continent”.
 

Continue reading Renewable energy sector, as sun and wind, employs more and more people and this is just the start.

Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets


Oil ministers from Saudi Arabia, Qatar, Venezuela and Russia agreed to keep production at January’s levels on Tuesday, but only as long as other major producers do the same. Iran said it would back any measures to stabilize the markets, but avoided committing to capping its own production. So unless Iran also commits, it could put the agreement on hold.

This deal could be the first joint OPEC and non-OPEC deal in 15 years aimed at tackling a growing glut and helping prices recover.

Continue reading Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets

IEA: Record oil stockpiles an ‘unprecedented buffer’


Record global oil stockpiles could offer an “unprecedented buffer” in times of geopolitical shock, the International Energy Agency (IEA) said on Friday, as it forecast demand growth would slow next year, worsening the glut.

“Stockpiles of oil at a record 3 billion barrels are providing world markets with a degree of comfort. This massive cushion has inflated even as the global oil market adjusts to $50/bbl oil.” the agency noted in its November report released Friday.

retail prices crude oil 2015
Continue reading IEA: Record oil stockpiles an ‘unprecedented buffer’