Battery raw material shortages can derail EV sales and carbon offset plans
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium.
international energy agency
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IAEA alarm over world’s dependence on China for 80% of solar PV
China has invested over $50 billion in new PV supply capacity – ten times more than Europe − and created more than 3,00,000 manufacturing jobs across the solar PV value chain since 2011.
50% of 2022 global energy investment is geo-political cost: IEA
Almost half of the additional $200 billion in capital investment in 2022 is likely to be eaten up by higher costs, rather than bringing additional energy supply capacity or savings, says IEA
Russia-Ukraine war: Global crude market to lose three million barrels per day from Russia
Russia is the world's largest oil exporter, shipping 8 million barrels per day of crude and refined oil products to customers across the globe.
Russia-Ukraine crisis: 31 IEA members releasing 62.7 million barrels of crude stock
The initial release of 60 million barrels, or 4% of IEA stockpiles of 1.5 billion barrels, is equivalent to 2 million barrels a day for 30 days.
Global electric car sales double to 6.6 million in 2021; India lags
Around 16 million electric cars are on the road worldwide, consuming 30 TWh of electricity per year, equivalent to all the electricity generated in Ireland.
