Global Use Of Energy Would Have Grown 12% In 2016 Without Efficiency Improvements
The global use of energy would have grown 12% in 2016 without the efficiency improvements achieved since 2000, according to the International Energy Agency (IEA).
IEA
IEA Welcomes Hungary’s Energy Sector Developments, Yet Diversification Remains An Issue
While the IEA found positive developments in Hungary’s energy strategy, the country clearly has much more work to do to further develop and diversify its energy sector. Leaving behind unfair regulations and taxes on renewables wouldn’t be a bad start.
New Oil Price Levels Will End Up Favouring Economic Growth
The IEA estimates that the drop in production in non-OPEC countries, mainly the US, coupled with the positive trend in demand, could foreseeably shut off the excess of supply in the second hald of 2016, returning stability to the oil market.