IEA: Green energy is key for cutting global net emissions to zero by 2050
Achieving net zero greenhouse gas emissions by mid-century requires a complete transformation of the energy system, IEA warns
Renewables are several times more profitable than fossil fuels
Investors in renewable power continue to outpace fossil fuel across the globe, according to the Imperial College and IEA. Total return has been 367% higher over the last ten years. The investment case for green energy is clear and the global renewables portfolio is less correlated to the broader market than the global fossil fuel […]
IEA: Solar PV is to become “king” of power supply in decade ahead
Solar PV appears set for massive expansion, with a projected average growth rate at 13% a year from 2020 to 2030, meeting almost a third of electricity demand growth over the coming decade and becoming the new “king” of power markets, according to the International Energy Agency’s (IEA) World Energy Outlook (WEO) 2020 report. “I […]
Global Wind Day: Sweden’s Vattenfall to build world’s biggest offshore wind farm
Swedish state-owned multinational power company Vattenfall has made the final investment decision on building the world’s biggest offshore wind farm, Hollandse Kust Zuid, with a capacity of 1.5 GW. The announcement comes ahead of Global Wind Day, June 15. Vattenfall said that the future wind farm, located in the Dutch North Sea, is targeted for […]
Energy Progress Report: SDG7 is not to be reached by 2030
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, Tracking SDG 7: The Energy Progress Report reveals. It was released today by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), […]
Low costs boost demand for renewables during coronavirus crisis
Green energy has been the most resilient to the effects of lockdowns worldwide, said Dave Turk, Acting Deputy Executive Director of the International Energy Agency. The demand for renewables is seen growing 1% this year, while the coronavirus impact may push the level in the overall energy sector as much as 6% lower, according to the […]
Birol: COVID-19 shock shows renewables’ importance for power balance
Fatih Birol, head of the International Energy Agency, said the lockdowns due to the coronavirus outbreak are a stress test for power grids and the entire system. In his view, the disruptions amid the COVID-19 pandemic point to the future role of renewables in balancing. Electrical energy is crucial for modern society, the International Energy […]
WISE project presented at international workshop in Rome
Branislava Jovičić, project manager at WISE, has presented the results so far under the Women in Sustainable Energy project at the international workshop titled Knowledge Building on Women in Clean Energy. The WISE project was presented as an example of best practices in the collection of data on women’s representation in the sustainable energy sector. […]
