Fatih Birol Profile picture
Feb 8 4 tweets 3 min read
Despite the energy crisis & unusual weather, growth in global electricity use slowed only slightly in 2022 from its pre-Covid trend

This shows the resilience & increasing importance of electricity today

And growth is set to accelerate in the years ahead: iea.li/40EE6WM Image
Renewables & also nuclear power are set to cover almost all the growth in global electricity demand through 2025

This suggests a tipping point is near for power sector emissions

Governments need to act now to speed up the growth of low-emissions sources: iea.li/3XfnSjJ Image
Emerging & developing economies in Asia are driving the faster growth in global electricity consumption

Over 70% of the rise in global electricity demand through 2025 comes from China, India & Southeast Asia

By 2025, a third of the world’s electricity will be consumed in China Image
Global CO2 emissions from electricity generation hit a record high in 2022 & are set to plateau to 2025, based on current policies

Putting emissions into decline while ensuring energy security requires faster expansion of renewables & nuclear power and boosting #EnergyEfficiency Image

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More from @fbirol

Jan 12
The @IEA's Energy Technology Perspectives 2023 is out!

It shows we're entering a new industrial age – the age of clean energy technology manufacturing

This will create new markets worth hundreds of billions of dollars & millions of jobs this decade ⬇️ iea.li/3XmgzHx
Investment in clean technology manufacturing – for solar, batteries, heat pumps & more – is rising rapidly

Today's announced projects, if built, would account for two-thirds of the investment in clean technology manufacturing in a pathway to #NetZero ➡️ iea.li/3Xr3M6A
The new global energy economy brings new opportunities – but also new risks.

Today’s clean energy supply chains are geographically concentrated, in particular for technology manufacturing. Concentration is a risk for any supply chain, highlighting the need for diversification.
Read 7 tweets
Dec 12, 2022
Our new report shows the EU may face a shortfall of nearly 30 bcm of natural gas in 2023 if Russian pipeline supplies drop to zero

But the good news is the EU has options to close this gap

More on the report I presented with President @vonderleyen today: iea.li/3uL2EP3
If Russia stops all pipeline supplies, Chinese LNG imports rebound & Europe has typical winter temperatures, there is a risk of gas shortages in 2023

Actions already taken in the EU mean the potential gap is half what it would've been but more are needed: iea.li/3UJ37Mc
Our report sets out practical measures across 5 key areas to deliver extra gas savings quickly:

➡️ Boost energy efficiency
➡️ Speed up deployment of renewables
➡️ Electrify heat
➡️ Help consumers make smart choices
➡️ Capture gas that’s wasted through flaring & methane leaks
Read 5 tweets
Nov 30, 2022
🚨 Our new report on the Future of Heat Pumps is out!

A key tool for cutting energy bills, fuel imports & emissions – heat pumps are showing unprecedented momentum amid the energy crisis, especially in Europe

Governments need to accelerate this further: iea.li/3VFJQw7
Today, only 10% of heating in buildings worldwide relies on heat pumps

This needs to grow rapidly to meet countries’ national energy security & climate targets – sales would have to triple by 2030

Read more ➡️ iea.li/3VgvQsI
Tripling global sales of heat pumps would cut the world’s fossil fuel use in buildings by 30%

This would reduce global CO2 emissions by 500 million tonnes – equal to the emissions of all the passenger cars on the road in Europe today
Read 7 tweets
Nov 15, 2022
Our special report on Coal in Net Zero Transitions is out!

Global coal emissions are the key challenge for reaching climate targets. If nothing is done, emissions from existing coal plants in power & industry alone would tip the world over the 1.5C limit: iea.li/3hFOX0s
Global coal demand, and its CO2 emissions, have been stuck at a high level for a decade

With over 95% of global coal consumption occurring in countries that have pledged to reach net zero, governments need to move quickly to drive emissions down

More ➡️ iea.li/3g3m8uC
Accelerating the deployment of renewables & other clean alternatives is vital to replace coal power plants on the path to net zero

This must be accompanied by the right infrastructure such as grids & storage in order to provide the same energy services affordably and securely
Read 9 tweets
Oct 27, 2022
World Energy Outlook 2022 is out!

It shows energy markets & policies are changing profoundly as a result of Russia’s invasion of Ukraine

Today’s crisis promises to be a historic turning point towards a cleaner & more secure energy system

Read more ⬇️ iea.li/3SOmGBW
The world is dealing with a crisis of unprecedented breadth & complexity

Oil & gas markets are facing major uncertainties amid today’s geopolitical upheaval

High energy prices have stoked inflation & created a looming risk of global recession

Read more: iea.li/3DwmvWj
Governments around the world are responding to the crisis by doubling down on clean energy – in the US, EU, Japan, China, India & elsewhere

Their new policies are set to help global clean energy investment rise above $2 trillion a year by 2030, an increase of over 50% from today
Read 11 tweets
Sep 5, 2022
The global energy crisis is hurting households, businesses & economies worldwide, and it’s important to separate fact from fiction

In my new op-ed for @FT, I highlight 3 claims in particular that are wrong – in some cases dangerously so

A short thread:
ft.com/content/2c1338…
Myth 1: Russia is winning the energy battle

A short-term jump in energy export earnings can’t offset a permanent loss of trust & markets. Moscow is doing itself long-term harm by alienating the EU, its biggest customer. Its oil & gas sector will also struggle under sanctions.
Myth 2: Today’s crisis is a clean energy crisis

In fact, more low-carbon energy would have helped ease the crisis, & a faster transition is the best way out of it

When people blame clean energy, they are moving the spotlight away from the real culprits: the gas crunch & Russia
Read 4 tweets

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