The past decade has seen major changes across the energy sector, from the emergence of solar PV or shale oil and gas to electric vehicles and high-efficiency lighting. But one sector has seen very little change.
After the fall of the Berlin Wall and the collapse of the Soviet Union, the international system witnessed a number of transformations like globalization of trade exchanges, de-industrialization of the Western World and the rise of new powers like China, Brazil and even post-Soviet Russia.
Having reliable data and indicators on how energy is used is key to informing and monitoring the effectiveness of energy efficiency policies. Highlighting the importance of such data, the IEA has for the first time published an Energy Efficiency Indicators database with annual data from 2000 to 2015.
Significant gas discoveries in the East Mediterranean over the Gaza marine field can favor economic synergies between Palestine and Israel as well as Palestine and Jordan paving the way towards the multilateralization of energy resources on demand and supply patterns.
The Asian Development Bank’s (ADB) Board of Directors has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and Power Project.
For the last two decades, the International Energy Agency has attended the annual UNFCCC Conference of Parties (COP) negotiations, underscoring the fact that meeting climate goals entails transforming energy systems.
Denmark remains a global leader in decarbonising its economy and is on track to meet its ambitious goal of becoming a low-carbon economy by the middle of the century, according to the International Energy Agency’s latest reviews of the country’s energy policies.
Gas exploration and drilling activities in Israeli and Cypriot waters along with licensing rounds for blocks near the super-giant Zohr gas field raise the likelihood for large gas discoveries in the East Mediterranean. Israel and Cyprus speed up efforts for the development of energy resources to be primarily channeled to Europe.