Tag: net zero emissions

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...

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...

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...

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...

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...

It’s time for governments and industry to act on energy efficiency

Amid a global energy crisis, policy makers, industry executives and consumers are all talking about how to bring down the cost of energy and reinforce security of supply. Often that conversation focuses...

The Clean Energy Economy is Gaining Ground, But Greater Efforts are Needed now to Get on Track for Net Zero by 2050

Despite encouraging signs of progress across a number of sectors, stronger efforts are needed to bring the world on track to reach net zero emissions by mid-century, according to the IEA’s latest...

The World Needs More Diverse Solar Panel Supply Chains to Ensure a Secure Transition to Net Zero Emissions

Ensuring a secure transition to net zero emissions will require increased efforts to expand and diversify global production of solar panels whose global supply chains are currently heavily concentrated in China, the...

Surging Electricity Demand is Putting Power Systems Under Strain Around the World

Global electricity demand surged in 2021, creating strains in major markets, pushing prices to unprecedented levels and driving the power sector’s emissions to a record high. Electricity is central to modern life...

COP26 Climate Pledges Could Help Limit Global Warming to 1.8 °C, but Implementing Them Will Be the Key

At the COP26 Climate Change Conference taking place in Glasgow, a key question is what do all the new pledges by different countries to reduce emissions mean for global warming? This was...

G7 Members Have a Unique Opportunity to Lead the World Towards Electricity Sectors With Net Zero Emissions

G7 members are well placed to fully decarbonise their electricity supply by 2035, which would accelerate the technological advances and infrastructure rollouts needed to lead global energy markets towards net zero emissions...

World Energy Outlook 2021 Shows a New Energy Economy is Emerging – But not yet Quickly Enough to Reach Net Zero by 2050

A new energy economy is emerging around the world as solar, wind, electric vehicles and other low-carbon technologies flourish. But as the pivotal moment of COP26 approaches, the IEA’s new World Energy...

With Only 2 percent of Governments’ Recovery Spending Going to Clean Energy Transitions, Global Emissions Are Set to Surge to an all-time High

Governments worldwide are deploying an unprecedented amount of fiscal support aimed at stabilising and rebuilding their economies, but only about 2 percent of this spending has been allocated to clean energy measures,...

EBRD Announces Full Paris Alignment by end-2022

The European Bank for Reconstruction and Development will from the end of 2022 align all its activities with the goals of the Paris Agreement, aiming to accelerate decarbonisation across its regions, supporting...

Hydropower Has a Crucial Role in Accelerating Clean Energy Transitions to Achieve Countries’ Climate Ambitions Securely

The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable and affordable...

What is “Nature Positive” and Why is it the Key to our Future?

G7 leaders recently announced that “our world must not only become net zero, but also nature positive, for the benefit of both people and the planet.” This represents a real paradigm shift in...

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