PARIS, France, June 25, 2023 (Maximpact.com Sustainability News) – US$ 2.8 trillion is set to be invested globally in energy in 2023 – a record amount. And US$ 1.7 trillion of that, more than half the total, is expected to go into clean energy technologies, with solar power set to eclipse oil production for the first time, finds the latest World Energy Investment report from the International Energy Agency (IEA).
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The summit is being convened to form “a grand coalition” of energy and climate ministers with industry, finance and civil society leaders who agree to keep global warming to just 1.5 degrees Celsius higher than pre-industrial temperatures – the most conservative goal of the Paris Agreement.
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ABU DHABI, United Arab Emirates, July 19, 2021 (Maximpact.com News) – “We have no time. The window is closing and the pathway to a net-zero future is narrowing.” With these warning words, Francesco La Camera, who heads the International Renewable Energy Agency (IRENA), opened his Foreword to IRENA’s latest analysis, “World Energy Transitions Outlook.”
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The transition to renewable energy in support of sustainable development goals and climate action is picking up speed around the world. With new urgency, the International Energy Agency, IEA, is calling for an end to exploration for fossil fuels – coal, oil and natural gas.
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In Iraq, displaced people struggle with the loss of electric power as blackouts and brownouts remain frequent even at grid-connected settlements, leaving refugees and the humanitarian community dependent on expensive, polluting diesel generators. In Ethiopia, most refugees lack any reliable access at all to electric lighting.
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Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but they do so at the expense of increased inequality, according to a new study from Portland State University.
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Blockchain technology will be a prime enabler of the energy transformation from fossil fuels to renewables, finds a new report from the International Renewable Energy Agency (IRENA) in Brussels.
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