Tag: International Energy Agency (IEA)

Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance

Stuart Mitchell

First-of-its-kind IEA analysis shows complex interplay between energy, industrial and trade policies as countries seek to secure supply chains and economic opportunities The rapid uptake of clean energy technologies offers major opportunities for countries looking to manufacture and trade them but also presents challenging decisions for governments, which face tensions and trade-offs based on the industrial and trade policies they opt to pursue, according to a new IEA report out today. Energy Technology Perspectives 2024 (ETP-2024) – the latest instalment of the IEA’s flagship technology publication – focuses on the…

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Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal

Stuart Mitchell

With solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on course to roughly equal the current power capacity of China, the European Union, India and the United States combined, according to a new IEA report out today. The Renewables 2024 report, the IEA’s flagship annual publication…

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International collaboration has delivered in some high emissions sectors, but progress must speed up

Stuart Mitchell

Strengthening international collaboration is vital to reduce emissions in the global economy’s largest emitting sectors to deliver on ambitious climate pledges, new report finds Some sectors are making notable progress through international cooperation, but more widespread efforts are needed to achieve clean energy transitions and reach 2030 climate goals, according to the latest Breakthrough Agenda report. The new report – an annual collaboration between the International Energy Agency (IEA) and the United Nations Climate Change High-Level Champions – shows that countries are making encouraging advances in laying the foundations for the…

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IEA policy review highlights UK leadership on climate policy and emission reduction efforts

Stuart Mitchell

Renewables and coal phase-out has helped the United Kingdom lower electricity system emissions, but greater focus is needed on end-use sectors to further advance its clean energy transition The IEA regularly conducts reviews of the energy and related climate policies of its member countries and provides recommendations – a process that supports energy policy development and encourages the exchange of international best practices and experiences. This latest review of the United Kingdom, based on work conducted during its previous government, finds that it has made significant progress to-date on emissions…

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Energy, finance and climate leaders address need to boost investment in clean energy at high-level dialogue in London

Stuart Mitchell

At COP29-IEA roundtable, participants from across public and private sector exchange views on getting capital to projects that need it, especially in emerging and developing economies The COP29 Presidency and the International Energy Agency (IEA), in close partnership with the UN Framework Convention on Climate Change (UNFCCC) Secretariat, today held the second in a series of High-Level Energy Transition Dialogues ahead of the COP29 climate change conference in Baku, Azerbaijan. The dialogue – which was co-chaired by COP29 President-Designate Mukhtar Babayev and IEA Executive Director Fatih Birol – was hosted by the City of…

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