A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide.
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.
A new report has found that any new natural gas plant proposed today will be unable to recover its initial investment.
Natural gas consumption is expected to bounce back after a tough 2020 – at a time when governments are looking to reduce their reliance on fossil fuels.
Clean energy spending must rise from $150 billion in 2020 to $1 trillion annually by 2030 for emerging economies to reach net-zero emissions by mid-century.
In a bombshell report, the International Energy Agency states that the world must stop new fossil fuel projects immediately to hit net-zero emissions by 2050.
The International Energy Agency believes the explosive growth in renewables, with installations soaring in 2020, is here to stay.
Electrification and the wider energy transition has spurred an upsurge in commodity prices.
The IEA warns that the current supply of critical minerals will not be enough to meet the energy transition demand.
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.