Jan 9, 2025 · Global investment in clean energy and fossil fuels, 2015-2024 Image: International Energy Agency Rapid cost reduction drove much of the growth, making project economics increasingly attractive. Of all the emerging technologies, energy storage has made great strides.

Aug 28, 2024 · Global investment in clean energy is set to double the amount going to fossil fuels this year. But developing nations are being left out of the renewable energy transition. The World Economic Forum’s Accelerating an Equitable Transition: A data-driven approach presents metrics which “give leaders a forward view on key opportunities and ...

Jan 12, 2023 · Clean Hydrogen and hydrogen-based fuels could help decarbonize hard-to-abate industries, mobility, and power generation. While the market for clean hydrogen is growing, it is not increasing fast enough to meet the IEA’s Net Zero Emissions by 2050 Scenario.

Jan 11, 2024 · In the UK, renewable energy now supplies 42% of generated electricity, up from 3% in 2000. The International Energy Agency forecasts that global renewable capacity additions could reach 440 gigawatts in 2023 – the equivalent of the combined power capacity of Germany and Spain - and could increase by a further 550 gigawatts in 2024.

Dec 20, 2024 · Copper, lithium, nickel, cobalt – critical energy transition minerals such as these are essential to many clean energy technologies, from wind turbines and solar panels to batteries. The transition to clean, affordable and equitable energy systems will cause big shifts in dependencies – away from oil and other fossil fuels, and towards a ...

Jan 8, 2025 · China has been the leading force in accelerating advanced energy solutions deployments like energy storage and clean hydrogen. It also has a strong position in the fields of advanced nuclear, Carbon Capture, Utilization, and Storage (CCUS), and …

Jul 14, 2023 · For every $1 spent on fossil fuels, $1.70 is now spent on clean energy, according to the International Energy Agency. But it projects a slowdown in clean energy investment growth this year, at a time when annual investment needs to …

Mar 9, 2023 · Power capacity from clean energy sources comprised a record 40.6% of the US electricity mix in 2022, according to the Business Council for Sustainable Energy. This includes nuclear power, which is not renewable, but doesn’t produce greenhouse gas emissions.

Sep 28, 2023 · IEA's Net Zero Roadmap says limiting global warming to 1.5 degrees Celsius is still possible, but investment in clean energy needs to reach $4.5 trillion per year by 2030. The roadmap calls for large new infrastructure networks, low-emissions fuels, CO2 capture technologies and more nuclear power.

Sep 22, 2022 · Workers in coal and other fossil fuels have “many of the skills” needed for clean energy jobs and some companies are transferring their workers to low-carbon segments, the IEA says. The organization also notes that around 45% of energy workers are in highly-skilled jobs, compared to only a quarter of workers in the workforce globally.