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fossil fuel
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…
CO2 emissions from EU territorial energy use: -2.8 percent
According to Eurostat estimates, in 2022, the EU carbon dioxide (CO2) emissions from fossil fuel combustion (oil and oil products, natural gas, coal and peat) for energy use in the EU territory reached almost 2.4 Gigatons (Gt), indicating a decrease…
Renewable power on course to shatter more records as countries around the world speed up deployment
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest…
Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report. About USD 2.8 trillion…
Heavy Industry’s Transition to Clean Energy
With governmental pressure in most countries ramping up and bold deadlines to phase out fossil fuel within the upcoming decades, many companies and industries are adapting to the large-scale transition to clean energy. For traditional heavy industries such as manufacturing…
Nord Stream Methane Leaks are ‘World’s Worst’ – What Does it Mean for Climate Change?
Methane is one of Earth’s most dangerous gases for climate change. And record levels of it are thought to be leaking into the atmosphere from four ruptures in the Nord Stream 1 and 2 natural gas pipelines under the Baltic Sea.…