IEA: Energy crisis can accelerate green transition
28 October 2022 | 10:25 am
The International Energy Agency is forecasting a peak for fossil fuel demand, and for global emissions as a result. It could come as early as 2025.
Seventeen years ago, Spain’s socialist government decided to inject subsidies into renewable energy. As a result, thousands of Spanish families massively invested in photovoltaic energy. But, as you'll see in our report, the dream rapidly turned into a nightmare.
The head of the International Energy Agency, Fatih Birol, has said the crisis in Ukraine could be a "historic turning point" in how European countries source their energy. Speaking to FRANCE 24 on Wednesday, before the Russian invasion of Ukraine, Birol noted that supplies of Russian gas to Europe had already fallen last year before the recent escalation of tensions. He said it could be an impetus for EU policymakers to turn to alternative sources, as the cost of gas and electricity have soared.
Amid supermarket food rationing, a truck drivers' strike over petrol prices and rising inflation in Spain, the country's economy minister tells FRANCE 24 that it's "essential" for Madrid to be allowed to take measures to bring electricity prices down. "We're working with the Commission to have an authorisation to decouple our energy market and thus stop this price increase […] It doesn't make sense that Spanish and Portuguese citizens do not benefit from the fact that we have for instance at least 50 percent of our generation from renewables. This is very cheap and clean energy and our citizens should benefit from these low prices," Nadia Calviño explains.
As Germany looks to ditch Russian oil and gas for good, its domestic energy industry is a key side actor — but can it step up to the plate? We search for clues in the village where Germany's oil sector was born.
As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has told FRANCE 24 that it will be very difficult for Europe to move away from Russian gas because of its over-reliance on the country's supplies over the years.
The war in Ukraine has exposed Germany's overreliance on Russian gas, prompting a search for alternatives. Solar power is one and is already seeing a surge. Is the former solar powerhouse on the cusp of a new solar boom?
The war in Ukraine has enflamed north-south rivalries among the German states, as Bavaria and Lower Saxony swap barbs over energy policy. Upcoming regional elections have heightened the political stakes.
Pressure is building for an EU-wide cap on the cost of gas and electricity, as prices soar. How does the power market work and can it be reformed to avoid so much volatility?
People in Germany are beginning to feel the pinch, in the face of skyrocketing electricity, fuel, and food prices. As inflation rises, concern is mounting — and so is dissatisfaction with the government.
Skyrocketing prices for electricity, gas and grain are putting an existential burden on Germany's many bakeries. Only large chains and successful artisan bakeries are likely to survive, said one baker in Bonn.
It's Day One on the job for Britain's new prime minister, and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. And across the Channel, how to keep the light on? How to rein in inflation? As Europeans pool their energy purchases, tax windfall profits and collectively ease costs for consumers, will they include Britain and their now Brexiteer PM in that conversation?
It's day one on the job for Britain's new prime minister and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. How to keep the lights on across the Channel? How to rein in inflation? As Europeans work to pool their energy purchases, tax windfall profits and collectively ease costs for consumers, will they include Britain and their now Brexiteer PM in that conversation?
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