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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...

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 shift to the green economy leads to big and small transitions

The global shift to net zero will require major structural changes in economies, as well as extensive change in daily lives. The scale of the transition is unprecedented: from the rush to...

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...

ABB signs 500 million euros EIB financing to further drive smart and sustainable electrification technologies

ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a 500 million euros financing agreement to support ABB’s research and development in its Electrification business...

Greenhouse Gas concentrations hit record high. Again.

The abundance of heat-trapping greenhouse gases in the atmosphere once again reached a new record last year and there is no end in sight to the rising trend, according to a new...

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...

Urgent action to cut methane emissions from fossil fuel operations essential to achieve global climate targets

Decisive, far-reaching efforts to cut methane emissions from fossil fuel production and use must go hand-in-hand with decarbonisation of our energy systems to limit global warming to 1.5 °C, according to a...

IEA, ECB and EIB highlight importance of an accelerated clean energy transition for Europe’s industrial competitiveness and financial stability

The heads of the European Investment Bank (EIB), the European Central Bank (ECB) and the International Energy Agency (IEA) are today calling on leaders from government, finance and industry across Europe to...

Stepping up in renewables towards energy stability

Alessandro Bragonzi, Head of Regional Hub for the Western Balkans, one of the participants in the OIE Serbia 2023 conference, organized by the Association of Renewable Energy Sources of Serbia, wrote for...

Lagging policy support and rising cost pressures put investment plans for low-emissions hydrogen at risk

Momentum behind low-emissions hydrogen continues to grow despite the slow roll-out of financial incentives and stubborn cost pressures that threaten to delay projects, a new IEA report says today. But production levels...

Upcoming EU Hydrogen Bank pilot auction: European Commission publishes Terms & Conditions

The Commission published the Terms and Conditions (T&C) for its pilot auction dedicated to European renewable hydrogen production. It is an important step towards scaling up production of renewable hydrogen in the...

Doubling energy investment in Africa requires urgent action to bring down financing costs and boost access to capital

New report outlines innovative solutions for African countries to unleash the spending needed to achieve the continent’s energy and climate goals. Swift action to improve access to capital and ease financing costs is...

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