‘Age of electricity to follow fossil fuel peak: IEA
Business Standard|October 17, 2024
The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday.
‘Age of electricity to follow fossil fuel peak: IEA

But in a release accompanying its annual World Energy Outlook report, the agency also flagged a high level of uncertainty as conflicts embroil the oil and gas-producing West Asia and Russia and as countries representing half of global energy demand have elections in 2024.

“In the second half of this decade, the prospect of more ample - or even surplus - supplies of oil and natural gas, depending on how geopolitical tensions evolve, would move us into a very different energy world,” IEA Executive Director Fatih Birol said in the release.

هذه القصة مأخوذة من طبعة October 17, 2024 من Business Standard.

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هذه القصة مأخوذة من طبعة October 17, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

A singular life in plural India

In India today it is difficult to imagine a period of uninterrupted communal harmony, with reports of lynching, hate speech and bigotry surfacing with rising frequency.

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11 dead in fire after LPG tanker crashes into vehicles on Jaipur-Ajmer highway
Business Standard

11 dead in fire after LPG tanker crashes into vehicles on Jaipur-Ajmer highway

An LPG tanker collided with a truck on Friday, sparking a massive fireball that turned a stretch of the Jaipur-Ajmer highway into an inferno in which 11 people were killed and 37 vehicles engulfed in flames.

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FMCG firms roll out tailored offerings for golden years
Business Standard

FMCG firms roll out tailored offerings for golden years

Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs

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SPHERES OF INFLUENCE
Business Standard

SPHERES OF INFLUENCE

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Accenture Q1 showing a shot in arm for IT stocks
Business Standard

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Strong US economy bodes well for Indian IT firms, say analysts

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Sun Pharma: Down, but not out
Business Standard

Sun Pharma: Down, but not out

Despite short-term blip, pharma major remains favourite among investors

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Mirae Asset MF's AUM crosses ₹2 trn mark

Mirae Asset Investment Managers (India) on Friday announced that its mutual fund (MF) assets under management (AUM) has crossed the ₹2 trillion mark on the back of 54 per cent compound annual growth rate (CAGR) in the past five years.

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Business Standard

PIL in HC seeks action against Amfi for 'misleading' ads

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IPO frenzy: Six issues fully subscribed; IGI at 13% premium on listing day
Business Standard

IPO frenzy: Six issues fully subscribed; IGI at 13% premium on listing day

The initial public offerings (IPOs) of DAM Capital Advisors, Sanathan Textiles, Concord Enviro Systems, Mamata Machinery and Transrail Lighting, whose issues are on their penultimate day, were subscribed between 1.24 and 37.75 times.

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Debt funds to deliver best show in 4 yrs
Business Standard

Debt funds to deliver best show in 4 yrs

Strong performance attributed to bond index inclusion and fiscal prudence, say experts

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