IEA's latest monitor shows wide variations in clean energy deployment among regions and technologies amid increased manufacturing capacity and declining costs.
With solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, a new IEA report says.
Wind and solar power have reached a share of 30% of European Union (EU) electricity generation, overtaking fossil fuels for the first time.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
Global energy-related carbon dioxide emissions hit a record high last year, even as more clean technologies such as solar power and electric vehicles helped limit the impact of increased coal and oil consumption, according to the International Energy Agency (IEA). Scientists warn that energy users around the world must dramatically reduce emissions to slow the ill effects of global warming.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
