Tag: International Energy Agency

Rapid rollout of clean technologies makes energy cheaper, not more costly

Stuart Mitchell

Key task for governments is to make clean energy technologies more accessible to those that may otherwise struggle with the upfront costs, new IEA special report finds Speeding up the move to clean energy technologies improves the affordability of energy and can relieve pressures on the cost of living more broadly, according to a new IEA special report released today. The report, Strategies for Affordable and Fair Clean Energy Transitions, shows how putting the world on track to meet net zero emissions by 2050 requires additional investment but also reduces…

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Surging investment in manufacturing of clean energy technologies is supporting economic growth

Stuart Mitchell

Global manufacturing capacity for solar PV today already meets what is needed this decade on a net zero pathway, and capacity for batteries is close, new report finds Booming investment in the manufacturing of clean energy technologies, especially solar PV and batteries, is becoming a powerful economic driver globally, creating new industrial and employment opportunities, according to a new report from the International Energy Agency.  In a first-of-its-kind analysis, Advancing Clean Technology Manufacturing finds that global investment in the manufacturing of five key clean energy technologies – solar PV, wind,…

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The global energy crisis is driving a surge in heat pumps, bringing energy security and climate benefits

Stuart Mitchell

Worldwide sales of heat pumps are set to soar to record levels in the coming years as the global energy crisis accelerates their adoption, the International Energy Agency says in a new special report released today. The heating of most buildings around the world – such as homes, offices, schools and factories – still relies on fossil fuels, particularly natural gas. Heat pumps are a hyper-efficient and climate-friendly solution, which help consumers save money on bills and enable countries to cut reliance on imported fossil fuels, according to the IEA…

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Renewable power is defying the Covid crisis with record growth this year and next

Stuart Mitchell

Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the Covid-19 crisis in many other parts of the energy sector such as oil, gas and coal, according to a report from the International Energy Agency. Driven by China and the United States, new additions of renewable power capacity worldwide will increase to a record level of almost 200 gigawatts this year, the IEA’s Renewables 2020 report forecasts. This rise – representing almost 90% of the total expansion in overall power capacity globally…

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