Wind and solar energy have for decades experienced exponential growth and employ millions of people, but according to the International Energy Agency (IEA) statistics, they still only constitute about 2% of the world energy supply. How can this be?
Almost every nuclear power plant in the US is losing money. New nuclear facilities will never be profitable says BNEF. Green Tech Media says solar in the US will equal nuclear in installed capacity by the end of this year.
Global investment in energy fell by 12% in 2016 according to new figures from the International Energy Agency, the second consecutive year of investment decline for the sector, with continued decreases in upstream oil and gas spending.
The Kingdom of Morocco has this week signed a three-year Joint Programme of Work with the International Energy Agency to help the country in its transition to a low-carbon economy, focusing on energy security, energy efficiency, and renewable energy.
The International Energy Agency has concluded that only electric vehicles, energy storage, and solar PV & onshore wind, out of all clean energy technologies tracked by the Agency, can be considered “green” and “on track toward a sustainable energy transition.”
Out of 26 assessed technologies “needed” for the achievement of long-term climate change targets set as part of the Paris Agreement, only 3 are “on track,” according to a new report from the International Energy Agency.
New figures published by the International Energy Agency show that global oil discoveries fell to a record low of only 2.4 billion barrels in 2016, while sanctioned projects fell to their lowest levels in over 70 years.
India officially joined the International Energy Agency as an Association country on Thursday, solidifying and expanding its partnership with the world’s leading clean energy organization and providing the IEA with a deeper link to help India become a secure and sustainable energy producing country.
The actual scenarios of the IEA are full of misleading figures and false assumptions.
Early action in transitioning to a low-carbon energy sector is critical not only for keeping global warming to under 2°C, but also for minimizing the risks of additional stranded fossil fuel assets, which could amount to as much as an additional $10 trillion in assets by 2050.
