Tag: IEA

First-of-its-kind tracking shows investment is rising but remains well below levels needed to close the access gap Insufficient capital is a key obstacle to expanding electricity access for the roughly 600 million people in Africa who currently live without it, according to a new IEA report that outlines essential tools to unlock greater investment and eliminate the access gap. Financing Electricity Access in Africa, published today, finds that with progress on expanding electricity access in Africa stalling, $150 billion in investment is needed to deliver universal access within the next…

Read More

New report explores landscape for transition finance and how it could help channel capital towards hard-to-abate industries As countries, companies and industries in many parts of the world look to reduce their emissions, transition finance can play an important role in mobilising the capital needed for energy projects that support these ambitions, according to a new IEA report published today. Scaling Up Transition Finance examines the potential for expanding the use of this financing mechanism, whose uptake has so far been slowed by challenges associated with defining it. It finds that…

Read More

Renewables, natural gas and nuclear are set to meet the additional demand as the world’s use of electricity rises for industry, appliances, air conditioning, data centres, EVs and more Global electricity demand is expected to expand at one of the fastest sustained paces in over a decade despite ongoing economic pressures, according to a new IEA report, with renewables, natural gas and nuclear all contributing to meet the additional demand. Electricity demand is set to rise by 3.3% in 2025 and 3.7% in 2026 – more than twice as fast…

Read More