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.