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The International Energy Agency works with countries around the world to shape energy policies for a secure and sustainable future.
Delegates made minimal headway on timetable for replacing oil and gas or on firm commitments to reducing carbon emissions
A deal is welcome after talks nearly collapsed but the final agreement contains small steps rather than leaps
Watchdog’s flagship report says rise in low-carbon electricity will make transition ‘inevitable’, despite Trump’s calls to carry on drilling
Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances. The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook. This new report – based on analysis of the production records of around 15 000 oil and gas fields around the world – explores the implications of accelerating decline rates, growing reliance on unconventional resources, and evolving project development patterns for the global oil and gas supply landscape, for energy security and for investment. It also provides regional insights
The planet is nearing dangerous limits. Yet progress on clean energy shows what’s possible. With political will, cooperation can still avert the worst of the climate crisis
The Production Gap Report finds that 10 years after the Paris Agreement, governments plan to produce more than double the volume of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5°C, steering the world further from the Paris goals than the last such assessment in 2023.
The Implications of Oil and Gas Field Decline Rates
Analysis and forecast to 2030
Focus on capital discipline, increasing customer centricity, and investments in new technologies may help companies navigate economic, geopolitical, and regulatory uncertainties in 2025
Some experts tee up public comment on EPA report calling fossil fuel concerns overblown, as others fast-track review
António Guterres says ‘sun is rising on a clean energy age’ as 90% of renewable power projects cheaper than fossil fuels
Rapporteur calls for defossilization of economies and urgent reparations to avert ‘catastrophic’ rights and climate harms
Despite working on polar science for the British Antarctic Survey for 20 years, Louise Sime finds the magnitude of potential sea-level rise hard to comprehend
Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through daily
Identifying the socio-economic drivers behind greenhouse gas emissions is crucial to design mitigation policies. Existing studies predominantly analyze short-term CO2 emissions from fossil fuels, neglecting long-term trends and other GHGs. We examine the drivers of all greenhouse gas emissions between 1820–2050 globally and regionally. The Industrial Revolution triggered sustained emission growth worldwide—initially through fossil fuel use in industrialized economies but also as a result of agricultural expansion and deforestation. Globally, technological innovation and energy mix changes prevented 31 (17–42) Gt CO2e emissions over two centuries. Yet these gains were dwarfed by 81 (64–97) Gt CO2e resulting from economic expansion, with regional drivers diverging sharply: population growth dominated in Latin America and Sub-Saharan Africa, while rising affluence was the main driver of emissions elsewhere. Meeting climate targets now requires the carbon intensity of GDP to decline 3 times faster than the global
A new report draws on internal company documents and other public records to comprehensively outline the fossil fuel industry’s decades-long campaign to mislead the public and avoid paying for their products’ harms.
If the global consumption of fossil fuels continues to grow at its present rate, atmospheric CO2 content will double in about 50 years. Climatic models suggest that the resultant greenhouse-warming effect will be greatly magnified in high latitudes. The computed temperature rise at lat 80° S could start rapid deglaciation of West Antarctica, leading to a 5 m rise in sea level.
His Royal Highness King Godwin Bebe Okpabi has carried bottles of water drawn from the wells of his homeland in the Niger delta to the high court in London. For the past three and a half weeks, lawyers for Shell have argued at the high court that their client cannot be held responsible for an environmental catastrophe in Ogale, which has suffered from decades of spills and pollution from oil extraction.
As fossil fuel interests attack climate accountability litigation, environmental advocates have sounded a new warning that they are pursuing a path that would destroy all future prospects for such cases. Nearly 200 advocacy groups have urged Democratic representatives to “proactively and affirmatively” reject potential industry attempts to obtain immunity from litigation.
