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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 can still increase substantially by 2030 if all…
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,…
Declining electricity consumption in advanced economies is weighing on global demand growth this year
EU electricity demand set to drop to lowest level in 20 years, but with global consumption expected to increase strongly in 2024, growth of renewables is more important than ever. Overall growth in electricity demand worldwide is expected to ease…
Oman’s Quest for Net Zero: A Renewable Hydrogen Strategy
In a groundbreaking move, Oman is gearing up to become a global leader in the renewable hydrogen industry. This information is outlined in a new report by the International Energy Agency (IEA) which states that Oman’s considerable renewable energy resources…
Europe Needs to Step up Circular Economy Efforts, Including on Waste Prevention
The EEA briefing ‘How far is Europe from reaching its ambition to double the circular use of materials?’ shows that, in 2021, about 11.7 percent of all materials used in the EU came from recycled waste, up from 8.3 percent…
Countries Must Forge ‘Global Blue Deal’ to Protect the Ocean: UNCTAD
The ocean can provide vast opportunities for developing countries to build more innovative and resilient economies, but climate change, pollution and overfishing threaten the livelihoods of some three billion people who rely on it for food and income. That’s according…
THERE IS NO ALTERNATIVE TO RENEWABLE ENERGY
According to some estimates, the usage of RES (renewable energy sources) will cover 70–80 per cent of all humanity’s energy needs by 2050. Although the most important purpose of using RES is to replace non-renewable sources of energy whose quantity…