Tags: IEA

Sharp spurt in clean energy innovation needed to reach climate goals: IEA

According to a report released by the International Energy Agency (IEA)–a major acceleration in clean energy innovation is needed for the countries and companies around the world to fulfil their pledges to bring their carbon emissions down to net-zero in the coming decades,. The report assesses the ways in which clean energy innovation can be […]

Read more

IEA offers world govts a Sustainable Recovery Plan while making energy systems cleaner

IEA report which is based on analysis conducted in cooperation with the IMF outlines energy-focused policies and investments to move the world towards a cleaner and more resilient future The International Energy Agency IEA presented a Sustainable Recovery Plan focusing on a series of actions that can be taken by the world governments over the […]

Read more

ADB and IEA discuss scaling up collaboration in energy systems

The Asian Development Bank (ADB) and the International Energy Agency (IEA) are discussing scaling up collaboration and renewing a memorandum of understanding (MOU) between the two organisations. ADB President Masatsugu Asakawa Asakawa said there is great synergy between the analytical capabilities of IEA and ADB’s on-the-ground knowledge in Asia. “The energy sector is an important […]

Read more

Solar Installations in India to decline By 23 percent in 2020: IEA

International Energy Agency.(IEA) in its new report revealed that India’s solar installation is set to drop by 23 percent in 2020 as compared to 2019. The agency estimates the largest drop estimated in distributed PV installations. However, it anticipates a rebound in 2021 with capacity additions surpassing 2019 levels. According to the report titled ‘Renewable […]

Read more

Renewable capacity additions expected to rebound in 2021: IEA

After a dip this year, new renewable capacity additions are expected to rebound in 2021, but policy certainty is critical to ensure investor confidence The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first […]

Read more

To meet global EV target around 1,000 GWh of battery manufacturing capacity is needed: IEA

International Energy Agency (IEA) recently said that to meet global EV target by 2025 the world needs battery manufacturing capacity of 1,000 Gigawatt hour (GWh) per year. IEA said “Assuming that the global auto industry’s announced targets for electric vehicle production are met despite the Covid-19 crisis, around 1,000 GWh of battery manufacturing capacity would […]

Read more

Covid-19 pandemic the biggest shock to global energy system in seven decades: IEA

The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. A new report released today by the International […]

Read more

Global renewable power capacity to rise by 50% in five years – IEA

Global renewable energy capacity is set to rise by 50 per cent in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA). Total renewable-based power capacity will rise by 1.2 terawatts (TW) by 2024 from 2.5 TW last year, equivalent to the total […]

Read more

Global energy investment stabilised above USD 1.8 trillion in 2018: IEA

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and […]

Read more

Energy investment has risen most rapidly in India: IEA

Aloha! India now carries the much awaited tag of the fastest growing energy market in the world. According to the International Energy Agency (IEA) investment in the energy sector in the country grew at a rate of 12 per cent in 2018 — the highest growth rate as compared to any other country. “Energy investment […]

Read more