Sign in Subscribe

energy

International Energy Agency leader says energy crisis worst in history

(The Center Square) – The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency said on Tuesday. "This is indeed the biggest crisis in history," Birol told France Inter radio. The

Mideast war lights fire under energy transition plans

Mideast war lights fire under energy transition plans

Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day. Britain's government on Tuesday was the latest to unveil its plans, vowing to "massively expand

America's motor fuel prices up, still below rest of the world

(The Center Square) – American prices for transportation fuels gasoline and diesel remained at four-year highs on Tuesday as the war with Iran moved into the 53rd day and the Strait of Hormuz remained mostly closed to vessel traffic. The national average price of a gallon of unleaded regular gasoline

Renewables key to buffer fossil fuel energy shock: COP31 co-hosts

Renewables key to buffer fossil fuel energy shock: COP31 co-hosts

COP31 co-hosts Australia and Turkey said Tuesday that a major energy crisis ignited by the Middle East war underscored the urgency of reducing fossil fuel dependency and investing in renewable alternatives. The energy shock rippling through the global economy loomed over the Petersberg Climate Dialogue in Berlin, where dozens

UK tackles electricity price link to world gas amid Mideast war

UK tackles electricity price link to world gas amid Mideast war

Britain's government Tuesday announced measures aimed at weakening the link between world market gas prices and the cost of UK electricity as the Middle East crisis fuels energy bills. The move heads plans by Prime Minister Keir Starmer's Labour administration to accelerate a clean-energy drive

Nations gather for first-ever conference on fossil fuel exit

Nations gather for first-ever conference on fossil fuel exit

More than 50 nations are attending a world-first conference on phasing out fossil fuels in Colombia next week as the Iran war underscores how dependent countries remain on planet-heating coal, oil and gas. Ministers arrive in the Caribbean city of Santa Marta against a backdrop of wartime fuel

Money, lobbyists, inertia: why fossil fuels are so hard to quit

Money, lobbyists, inertia: why fossil fuels are so hard to quit

When the international community agreed to transition away from fossil fuels at the 2023 COP28 global climate summit, some hailed the moment as the beginning of the end for oil. But little progress has been made since then, even though the vast majority of scientists agree there's overwhelming