PARIS: Financing for clean energy in developing and emerging economies excluding China must increase seven-fold within a decade if global warming is to be capped at tolerable levels, the International Energy Agency said Wednesday. To keep Paris climate temperature goals in play, annual investment for non-fossil fuel energy in these countries will need to jump […]
Annual clean energy investments will need to more than triple from $770 bn: Report – EQ Mag
Paris : Annual clean energy investments in emerging and developing economies will need to more than triple from $770 billion in 2022 to as much as $2.8 trillion by the early 2030s to meet rising energy needs and align with the climate goals set out in the Paris Agreement, a new report released by the […]
Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions – EQ Mag
Oman’s high-quality renewable energy resources and vast tracts of available land make it well placed to produce large quantities of low-emissions hydrogen – a fledgling industry today that can attract investment to diversify and expand the country’s export revenues while reducing its natural gas consumption and emissions, according to a new IEA report released today. […]
675 million people worldwide without electricity: report – EQ Mag
A full 675 million people worldwide still lack access to electricity, mainly in sub-Saharan Africa, according to a report published Tuesday by several international organisations. Despite significant efforts and some progress, the world continues to face a dramatic energy access gap, according to the report by the International Energy Agency (IEA), the International Renewable Energy […]
Getting to know EV charging infrastructure – EQ Mag
Global EV sales are set to jump 35% this year, meaning 14 million more EVs on the road There are 2.7 million public charging points for EVs globally, though availability varies significantly The EV charging infrastructure market is expected to soar at a CAGR of 31.02% between 2023 and 2030 Whenever we check in on […]
World not on track to achieve Sustainable Development Goal for energy by 2030: Report – EQ Mag
The world is not on track to meet Sustainable Development Goal 7, designed to ensure access to affordable, reliable energy for all, a new report from the UN and partners revealed on Monday. Tracking SDG 7: The Energy Progress Report, from the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the UN Statistics […]
Renewable energy capacity additions to hit record: IEA – EQ Mag
Solar additions will account for two-thirds of this year’s growth Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday. Global additions of renewable energy capacity are expected to rise by […]
Global renewable capacity additions set to reach more than 440 GW in 2023: IEA – EQ Mag
LONDON : Global additions of renewable power capacity are expected to rise by a third this year, the International Energy Agency (IEA) said on Thursday, as stronger government policies and energy security concerns drive more clean energy deployment. In its Renewable Energy Market update report, the IEA said additions of renewable capacity worldwide are set […]
Energy majors go slow on green transition despite pressure – EQ Mag
Most oil majors are stepping up investments in green energy but they are facing a barrage of recriminations and protests from activists for their refusal to completely forsake fossil fuels. Campaigners again used a series of shareholder meetings in the past month to make their anger known and push energy firms to do more to […]
Solar investment outshines oil: IEA – EQ Mag
Annual investment in clean energy is expected to have risen by 24% from 2021 Global investments in clean energy technologies are set to exceed $1.7 trillion in 2023 with solar set to eclipse oil production spending for the first time, the International Energy Agency (IEA) said. In a forecast on how the energy transition is […]