Why Japan’s utility firms want to pull the plug on destination restrictions for LNG supply
A hardened feature of long-term LNG contracts, the destination clause, is coming under renewed scrutiny as the quest for flexibility gathers momentum.
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Chief Energy Economist, International Energy Agency
Rising electricity demand. Heightened geopolitical tension. Fragility in energy markets. These are some of the big stories shaping the energy transition outlined in the International Energy Agency’s newest World Energy Outlook.
Even as the IEA says the world is shifting from the “Age of Oil” to the “Age of Electricity,” we are still far from achieving net-zero targets. And the tensions highlighted in the latest Energy Outlook illustrate how difficult the transition will be.
This week, host Jason Bordoff talks with Tim Gould about the 2024 World Energy Outlook, published in October. They discuss the significant progress countries have made on the energy transition, and the structural shifts in economies and energy use that lie ahead.
Tim is the International Energy Agency’s chief energy economist. As part of his role, he co-leads the World Energy Outlook. Tim joined the IEA in 2008 as a specialist on Russian and Caspian energy. Prior to joining the IEA, he worked on European and Eurasian energy issues in Brussels.
In passing and signing the Inflation Reduction Act in 2022, Congress and the Biden administration infused hundreds of billions of dollars into the energy transition. It was the...
In 1953, the New York Yankees beat the Brooklyn Dodgers in the World Series, “From Here to Eternity” won the Academy Award for Best Motion Picture. And on...
Emerging markets and developing economies are set to account for the largest source of emissions growth in the coming decades, according to the International Energy Agency. As population...
The artificial intelligence boom is fueling a massive uptick in energy demand globally.
The world has committed to transitioning away from fossil fuels to avoid the most severe threats of climate change.[1] Communities across the United States rely on fossil fuel...
ICEF develops roadmaps on how key innovative technologies can contribute to a transition to clean energy. Roadmaps consider industrial, academic and governmental perspectives to identify a realistic, fact-based pathway and meaningfully inform the work of all stakeholders.
Also in today’s newsletter, why private capital will not suffice for Africa’s climate needs