Search Results for zero emissions
Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows
A major new report published today finds that governments plan to produce around 110 percent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69 percent more than would be consistent with 2°C. This comes…
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 deliver a clean energy transition which is just,…
Renewables Competitiveness Accelerates, Despite Cost Inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. Renewable Power Generation Costs in 2022,…
Three conditions that will help scale blended finance for nature-positive outcomes
“There is no pathway to limiting global warming to 1.5C without action on protecting and restoring nature,” wrote four architects of the Paris Agreement ahead of the COP15 UN biodiversity conference last December. “Achieving net-zero emissions by 2050 is only possible if…
Renewables Competitiveness Accelerates, Despite Cost Inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. Renewable Power Generation Costs in 2022,…
Watts to Wheels: Why EV-Battery Innovation is Key to Sparking a Renewable Revolution
Increasing the uptake of electric vehicles (EVs) is a fundamental part of accelerating the renewables-based energy transition and getting us onto the 1.5°C pathway. The uptake of EVs holds the potential to cut emissions by the replacement of fossil fuel…
IEA: Growth in global oil demand is set to slow significantly by 2028
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy…