Fatih Birol

The objective of the new Commission is to lower energy prices in Europe, which are higher than in the rest of the world, European Commission President Ursula von der Leyen said at a press conference today with International Energy Agency (IEA) Executive Director Fatih Birol on support for Ukraine’s energy security next winter.

A group of European Union and US Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector's emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas, a letter showed on Tuesday.

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the amount going to fossil fuels.

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.

The government's medium-term program attaches great importance to structural transformation as well as ensuring macro financial stability, Finance Minister Mehmet Şimşek said, adding establishing financial discipline will make it easier for Türkiye to achieve its goals in green and digital transformation.

French President Emmanuel Macron on Dec. 6 presented International Energy Agency (IEA) Executive Director Fatih Birol with the Legion of Honor for his major contributions to global energy and climate issues.

Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the International Energy Agency (IEA) said in a report yesterday. 

While that is a welcome development, warned the IEA that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050.

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Birol addressed leaders who gathered for the 49th G7 Summit in Hiroshima, Japan, last week.

Sales of electric vehicles are booming and are expected to account for nearly one in five cars sold this year, according to a report released yesterday.

It was also estimated that global greenhouse gas emissions will reach its peak in 2025.