Tag: Renewable energy

Amid current policy trajectories, global demand for oil and gas is projected to peak by 2030, with even steeper declines expected under ambitious climate-focused actions, said the International Energy Agency (IEA) in a recent report. The report underlines the sector's pivotal role in either perpetuating the climate crisis or embracing a transformative shift towards clean energy.

While two-thirds of countries globally have enacted dedicated policies for renewable energy, the report unveils a stark contrast. Only half of least developed countries (LDCs) and a third of small island developing states (SIDS) have implemented such policies, said the United Nations Conference on Trade and Development (UNCTAD) in its latest Investment Policy Monitor.

A major transformation of global energy system is crucial to ensuring a safer and livable future. This transformation combines local and regional transitions from fossil fuels to renewable energy sources, widespread electrification, improvements in energy efficiency, and deployment in line with sustainable development, reveals the report Building a Nature-Positive Energy Transformation from the World Wildlife Fund (WWF) and the Boston Consulting Group (BCG).

In a remarkable achievement for the renewable energy industry, global employment in renewable energy reached a staggering 13.7 million jobs in 2022, marking a significant increase of one million since 2021 and a remarkable leap from the 7.3 million recorded in 2012. This remarkable growth is detailed in the tenth edition of the "Renewable Energy and Jobs: Annual Review 2023," a collaborative effort between the International Labour Organization (ILO) and the International Renewable Energy Agency (IRENA).

The present efforts in clean energy and sustainability aren't meeting the required levels of investment and deployment to achieve international climate goals, according to a latest report.

Transitioning to renewable energy is imperative for the planet's survival, a fact underscored by UN Secretary-General António Guterres as the world observed the International Day of Clean Air for Blue Skies on September 7. Guterres emphasizes that "without renewable, there can be no future."

The world's largest and most powerful wind turbine, the MySE 16-260, has commenced its operations, marking a significant step towards greener energy sources. This colossal turbine boasts a remarkable rotor diameter of 260 meters and an expansive swept area of 53,902 square meters, making it the largest ever constructed. Its impressive power output of 16 megawatts sets a new industry standard.

Electricity demand worldwide is projected to experience a slower growth rate in 2023 due to the global energy crisis and an economic slowdown affecting advanced economies, according to the International Energy Agency (IEA)’s latest Electricity Market Report.

The world needs to support developing countries in attracting greater investment for their transition to clean energy, according to United Nations Conference on Trade and Development (UNCTAD).

Renewables are set to dominate the growth of the world’s electricity supply over the next three years as together with nuclear power...