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The role of development finance institutions in energy transitions
Development finance institutions (DFIs) account for only around 1 percent of total financing for energy sector investment, but their importance goes well beyond this relatively small share. DFIs are specialised financial institutions...
Sharp Declines in Critical Mineral Prices Mask Risks of Future Supply Strains as Energy Transitions Advance
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...
With Only 2 percent of Governments’ Recovery Spending Going to Clean Energy Transitions, Global Emissions Are Set to Surge to an all-time High
Governments worldwide are deploying an unprecedented amount of fiscal support aimed at stabilising and rebuilding their economies, but only about 2 percent of this spending has been allocated to clean energy measures,...
Hydropower Has a Crucial Role in Accelerating Clean Energy Transitions to Achieve Countries’ Climate Ambitions Securely
The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable and affordable...
At Meeting of Global Commission, Energy and Climate Leaders Assess how to put People at the Heart of Clean Energy Transitions
The second meeting of the Global Commission on People-Centred Clean Energy Transitions took place today, bringing together 25 high-profile energy and climate figures from around the world to assess how to ensure...
Fast-Track Energy Transitions to Win the Race to Zero
Proven technologies for a net-zero energy system already largely exist today, finds the preview of World Energy Transitions Outlook by the International Renewable Energy Agency (IRENA). Renewable power, green hydrogen and modern bioenergy will dominate...
IEA and SICA to Collaborate on Clean Energy Transitions in Central America
The International Energy Agency (IEA) and the Central American Integration System (SICA) have signed a Memorandum of Understanding (MoU) to promote clean energy transitions in Central America.
Under the MoU, the two organisations...
New Global Commission Headed by Danish Prime Minister Will Focus on Putting People at the Heart of Energy Transitions
Prime Minister Mette Frederiksen of Denmark will head a new high-level global commission that will examine ways to ensure people are at the centre of clean energy transitions around the world.
The new...
Geopolitical tensions are laying bare fragilities in the global energy system
Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition to cleaner...
OIE Serbia 2024 – The Future Lies in Renewable Energy
On the second day of the OIE Serbia 2024 conference, several panels were held, the first of which was titled Challenges in Financing and Insuring Renewable Energy Projects.During the panel discussion, experts,...
Montenegro Adopts Law on the Use of Renewable Energy Sources
Montenegro has adopted the Law on the Use of Renewable Energy Sources, marking a significant step towards improving the sustainability of its energy sector. This first such law in the country introduces...
IEA to convene major international energy security summit in London, hosted by UK government
The IEA will convene an International Summit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks...
Brazil’s Opportunity to Lead the Global Dialogue on Energy and Climate
Brazil is a frontrunner in clean energy transitions: among the world’s largest economies, it boasts the lowest share of fossil fuels in its energy mix. Holding the G20 Presidency in 2024, Brazil...
Investment in Clean Energy This Year is Set to be Twice the Amount Going to Fossil Fuels
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for...
Rapid rollout of clean technologies makes energy cheaper, not more costly
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...
Surging investment in manufacturing of clean energy technologies is supporting economic growth
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...
