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CLEAN TECHNOLOGIES REDUCED THE GROWTH OF GLOBAL CO2 EMISSIONS
Although there was an increase in energy-related CO2 emissions in 2023, due to the large droughts that damaged hydropower plants, it was still a smaller increase compared to 2022. Smaller growth of...
EU: NET ZERO INDUSTRY ACT COULD THREATEN THE EUROPEAN WIND INDUSTRY
Wind energy is important for the European Union Member States, considering that 19 percent of the energy consumed in the EU comes from this renewable source. Although almost all European wind turbines...
China’s petrochemical surge is driving global oil demand growth
The global petrochemical industry – essential to the production of clothing, tyres, detergents, fertilisers, and countless other everyday products – is currently going through a momentous period of transition. Driving this change...
The EU built a record 17 GW of new wind energy in 2023 – wind now 19 per cent of electricity production
According to WindEurope data, the EU built 17 GW of new wind farms in 2023: 14 GW onshore; 3 GW offshore. These numbers are slightly up on 2022 and are the most...
Massive expansion of renewable power opens door to achieving global tripling goal set at COP28
The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity...
Global coal demand expected to decline in coming years
After reaching an all-time high this year, global coal demand is expected to decline to 2026, according to the latest edition of the International Energy Agency’s (IEA) annual coal market report –...
List of ship recycling facilities: first renewals of inclusion for yards located outside the EU
Today, the European Commission adopted the 12th edition of the European List of ship recycling facilities. The updated list renews the inclusion of two yards located in Türkiye and one yard located in...
Financial headwinds for renewables investors: What’s the way forward?
The impressive growth in clean energy investments in recent years has been led by renewable power. Annual spending on solar PV and wind projects has risen by more than USD 300 billion...
Enhancing infrastructure can help boost Denmark’s clean energy investment
Denmark’s energy and climate ambition in sectors such offshore wind, biomethane and district heating are transforming the country’s energy system and reinforcing its image as a clean energy leader toward net zero...
Strong policy progress on energy efficiency seen in 2023
Policy makers around the world expanded measures to promote energy efficiency in 2023, helping consumers save money and improving the security and sustainability of the global energy system – though progress is...
THE TREND OF GROWING ELECTRIC CAR SALES
The decarbonization of road transport, which accounts for more than 15 per cent of global energy-related emissions, is a challenge that almost the entire planet is grappling with. Alternative fuel vehicles, which...
The oil and gas industry faces a moment of truth and an opportunity to adapt
Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major...
Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
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...
Latin America to play an essential role in the global transition to a more secure and sustainable energy system
At a time of rising geopolitical uncertainty and accelerating energy transitions, an extraordinary endowment of energy and mineral resources, as well as a history of clean energy leadership, positions Latin America and...
Why AI and energy are the new power couple
Power systems are becoming vastly more complex as demand for electricity grows and decarbonisation efforts ramp up. In the past, grids directed energy from centralised power stations. Now, power systems increasingly need...
How can sustainable debt support China’s energy transition?
Sustainable debt has become a popular tool to fund green and sustainability-linked activities since it first emerged in the mid-2010s, providing a tailwind to clean energy investment. Global sustainable debt issuances have...
