Energy | 6 June, 2024 at 9:00 AM
Investment in clean energy this year is set to be twice that of fossil fuels
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Renewables are set to make up more than one-third of total electricity generation by early 2025, overtaking coal.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
Achieving all national climate and energy goals will require adding or replacing 80 million kilometers of power lines by 2040, according to a report released by the International Energy Agency (IEA).
For net zero emissions in 2030, it is necessary to double the progress in energy efficiency. The International Energy Agency has brought together world leaders in the field of energy and climate change in France for a major discussion on energy efficiency. A new IEA analysis shows that the world needs to double progress on energy efficiency by 2030 as part of efforts to improve energy security and affordability while maintaining the goal of limiting global warming to 1.5°C.
About $2.8 trillion is set to be invested globally in energy in 2023, of which more than $1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps – according to the IEA's latest World Energy Investment report.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Europe's energy landscape stands at a transformative crossroads, as hybrid solar technology emerges as a powerful solution, capable of significantly enhancing the efficiency, reliability, and affordability of renewable energy systems.
R.Power Group, one of Europe's leading renewable energy companies, has secured a €12.4 million project finance agreement with Bank Gospodarstwa Krajowego (the Polish National Development Bank).
Centrul Agro Transilvania S.A., a public company overseen by the Cluj County Council, has launched construction of a photovoltaic park within the market complex.
The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.
