International Energy Agency

IEA Chief Predicts 200 Gigawatts Of Offshore Wind By 2040

Speaking at the Global Wind Summit on Tuesday, Fatih Birol, the Executive Director of the International Energy Agency, predicted that wind energy would play “a critical role” in the world’s energy mix over the coming decades, and in Europe particular could generate as much as 1,100 terawatt-hours (TWh) by 2040, boosted in part by up to at least 200 gigawatts (GW) worth of offshore wind, if not more.

Global Energy Spending Totaled $1.8 Trillion In 2017 As Clean Energy Investment Dropped 3%

Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%. 

World Not On Track To Meet Global Energy Targets

A new report from five international agencies has concluded that the world is not on track to meet 2030 global energy targets set as part of the Sustainable Development Goals, but that “real progress” is being made and helping to show signs of promise, particularly in expanding electricity access in developing countries and increasing industrial energy efficiency.