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 […]
Global clean energy investment to be over $1.7 trillion in 2023: IEA – EQ Mag
New Delhi : India is emerging as a global leader in clean energy investment, surpassing spending on fossil fuels, as the country accelerates its transition towards sustainable energy solutions, according to a report released by the International Energy Agency (IEA) on Thursday. Of the projected $2.8 trillion global energy investment for 2023, more than $1.7 […]
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals – EQ Mag
JAKARTA, Indonesia : Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. But investments in coal are on course to rise by about 10% […]
Russian oil exports hit post-invasion high: IEA – EQ Mag
Russia’s oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by $1.7 billion despite Western sanctions, the International Energy Agency said Tuesday. The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating that the country still needs to deliver […]
How can smart charging steer electric vehicle uptake in India? – EQ Mag
Electric vehicles can support renewable energy integration under the right policies The government of India announced ambitious energy transition plans at COP26, saying it will deploy 500 GW of renewable electricity generation capacity by 2030 and sign up to the global EV30@30 campaign. The renewables plan would triple India’s renewables capacity and the campaign calls […]
Electric vehicles to displace over 5 million bpd of oil demand a day by 2030: IEA – EQ Mag
Electric vehicles (EVs) are set to displace over 5 million barrels of oil demand per day based on current policy settings, according to the International Energy Agency (IEA). The IEA, in its recent report titled ‘Global EV Outlook 2023’, claims that at the global level, oil displacement by EVs reaches 1.8 million barrels per day […]
