Golden Age Of Renewables Will Happen During Next Five Years, Says IEA
The IEA predicts renewable energy worldwide will surge between now and 2025. But more must be done to address a warming planet effectively.
The IEA predicts renewable energy worldwide will surge between now and 2025. But more must be done to address a warming planet effectively.
Global capacity additions of renewable power are expected to bounce back with double-digit growth in 2019, according to the International Energy Agency, led by a resurgent performance from the solar PV industry which is expected to see growth of over 17% and capacity of 115 gigawatts (GW) by year’s end.
The United Kingdom has made “major progress” in reducing its energy-related CO2 emissions and introducing energy policies and reforms which aim to promote sector decarbonization and innovation in clean energy technology, says the International Energy Agency, but adds that the UK must now continue its global climate leadership.
The 2019 IEA electric car report predicts there will be 250 million EVs on the road worldwide by 2025 under the best case scenario, 130 million with less optimistic assumptions. Either is good news, but the world really needs to strive for the best case scenario.
The International Energy Agency has warned that a shortfall in nuclear-generating capacity in advanced economies could result in billions of tonnes of additional carbon emissions.
Global energy demand increased by 2.3% in 2018, the fastest pace of growth this decade, driven by a strong global economy and increased heating and cooling needs, subsequently driving global energy-related CO2 emissions up by 1.7% to 33 gigatonnes.
The International Energy Agency sees no peak in oil demand and expects the United States will drive global oil supply growth over the next five years, according to its most recent annual oil market forecast, published Monday.
The Polar Vortex brings more than cold air, like serious health & economic challenges for millions of Americans living in old, energy inefficient homes.
As the year draws to a close it is only natural to look back at what has been, and forward at what might be. This is doubly important for the global clean energy industry and the policies which support its efforts to combat climate change and enact the core target of the Paris Climate Agreement.
Despite the fact that global coal demand is expected to rise for a second year in a row in 2018, the International Energy Agency nevertheless believes that coal demand will remain somewhat net-stable through 2023 due primarily to declines in Europe and North America being offset by strong growth in India and Southeast Asia.