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...The International Energy Agency chief has criticised Europe for falling behind China and the US after making “two historic monumental mistakes” in energy policy, by relying on Russian gas and turning away...
...Signatories to the charter agreed to triple the world’s renewable energy capacity to at least 11,000 gigawatts by 2030 and double the average annual rate of energy efficiency improvements to 4 per cent until...
...“The discussion we have seen around the uncertainties are legitimate, but the data that we have seen in the market has shown continued healthy growth,” IEA energy policy head Timur Gül said on Tuesday....
...While renewables and low-carbon energy received only a fifth of its capital investment last year, they’ll account for more than half of it by 2030, Equinor reiterated....
...Job moves Vikas Anand will succeed Guy Vanderhaegen as chief executive of Origis Energy, one of the largest US renewable developers....
...the 2030 target for renewable energy....
...At the same time, emissions from energy production in the EU fell by almost 9 per cent despite economic growth of 0.7 per cent, with the IEA attributing the trend to the growth of renewables such as wind...
...ETS emissions fell across the EU by 15.6 per cent, helped by rising renewable energy generation and a relatively mild winter....
...“We see nuclear power as an important part of the energy transition,” says Brent Wanner, head of the power sector unit at the IEA....
...by the IEA on Wednesday....
...Demand in Europe is set to grow 3 per cent this year, but will still be 20 per cent below its pre-energy crisis levels in 2021, the IEA added....
...The world is accelerating its deployment of renewables, adding 50 per cent more capacity in 2023 than the previous year, according to the IEA, with the faster growth expected in the next five years....
...The two organisations have been at loggerheads over the future of fossil fuels as governments seek to shift to renewable energy....
...China’s leadership on renewables isn’t going away China is in the “driver’s seat” of the global energy transition, according to the IEA....
...It is becoming far more complicated as more renewable energy is deployed....
...The two US supermajors, Chevron and ExxonMobil, have declined to invest in their own renewable energy generation and instead focused on low-carbon technologies such as hydrogen, carbon capture and storage...
...For today, I have a report about BP and the Asian Renewable Energy Hub. BP’s growing role in the project marks a notable acceleration of the oil major’s renewable energy ambitions....
...It can take years for new renewable energy projects such as wind farms to gain regulatory approval and be connected to the grid....
...In its latest research, the IEA points out that only 1 per cent of the investments that go into the energy transition come from the oil and gas industry....
...The body hailed progress and investment in clean energy that have put renewables on course to power this transition....
...The US, meanwhile, requires the federal government to study the industry’s energy and water use, and China wants data centres owned by public organisations to be powered entirely by renewable energy by 2032...
...The energy needs of the world’s second-biggest economy have outpaced its rollout of renewable energy, which is also the fastest....
...But Hamburg-based energy efficiency company 1Komma5 is hoping to survive where other renewables businesses have flopped....
...According to the International Energy Agency (IEA), more than 500 gigawatts of global renewable energy capacity have probably been added this year — smashing the previous record — with more than $1bn a day...
...Given, in addition, renewable energy’s other advantages — less local pollution and wider geographical distribution of energy-generating resources — it will win, in the end....
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