A report released today (1 June) by the International Energy Agency (IEA) has predicted that global additions of renewable power capacity will jump by a third in 2023.
An International Energy Agency (IEA) report has found electric vehicle (EV) sales doubled in 2021, while the organisation is forecasting an increase in global renewable capacity of 8% in 2022.
Unleashing 400 milestones for reaching net zero by 2050, the International Energy Agency (IEA) has warned that "the world has a huge challenge ahead of it".
The opportunity to hit net zero by 2050 globally is “narrow but still achievable” if renewables grow to dominate the energy sector, while no additional investments into fossil fuels are made.
Renewables have managed to overcome hurdles resulting from the COVID-19 pandemic as new analysis shows they will be responsible for nearly 90% of new 2020 power capacity.
COVID-19 has sent investment in the power sector tumbling, with the International Energy Agency (IEA) expecting power sector spending alone to fall by 10% in 2020.