Findings from the IEA indicate that batteries will play a key role in cutting global emissions, but warned that the West must expand production facilities or risk becoming reliant on potentially hostile foreign powers. The report said: “China dominates the battery supply chain with nearly 85pc of global battery cell production capacity and substantial shares in cathode and anode active …
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency said in a report. Russia-origin seaborne crude exports averaged 3.87 million barrels per day in May, the highest since Russia invaded Ukraine in February …
AAll future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday. Overall, fossil fuels are set to account for only around a fifth of energy supply by 2050, down from almost four fifths currently, the report …
