Global energy access gap worsens as population growth outpaces new connections: 685 million people living without electricity access in 2022, 2.1 billion people continue to rely on damaging cooking fuels globally. A new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO), released today, finds that the world remains off course to achieve the Sustainable Development Goal (SDG) 7 for energy by 2030. SDG 7 is to ensure access to affordable, reliable, sustainable…
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Sharp declines in critical mineral prices mask risks of future supply strains as energy transitions advance
Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report from the International Energy Agency finds that major additional investments are still needed to meet the world’s energy and climate objectives. The Global Critical Minerals…
Read MoreClean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
IEA report examines energy employment worldwide by region and technology, offering vital analysis on the industry’s evolving labour needs. The number of jobs in the global energy sector rose in 2022 as growing investment in clean energy technologies drove demand for new workers in every region of the world, according to a new IEA report that offers a benchmark for employment across all energy industries. The second edition of the World Energy Employment report, which is published annually, maps energy sector employment by region, fuel, technology, and value chain. The report provides…
Read MoreBasic Energy Access Lags Amid Renewable Opportunities New Report Shows
A new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO), released recently, finds that the world is not on track to achieve the Sustainable Development Goal (SDG) 7 for energy by 2030. This year marks the halfway point for achieving SDGs by 2030. SDG 7 is to ensure access to affordable, reliable, sustainable and modern energy. The goal includes reaching universal access to electricity and clean cooking, doubling historic levels…
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