Page 39 - Iea News Today

Energy experts have assured that the popularity of electric vehicles is revving up as predicted, with nearly 1 in 5 cars sold worldwide in 2023 being electric.

Lewis Goodall tells Director of Public Policy for the Insitute of Economic Affairs, Mathew Lesh, that calls to abolish inheritance tax is another example of Westminister being 'so far removed from the average person'.

Windtech International is the only worldwide magazine with a technological focus for global the wind energy industry.

The IEA said renewable energy is expanding faster than many people realise, but it warned that investment in fossil fuels is not slowing fast enough to reach goals to slash emissions by 2050.

China leads the way, according to the International Energy Agency.

Annual investment in renewable energy is up by nearly a quarter since 2021 compared to a 15% rise for fossil fuels, the IEA said in its World Energy Investment report

India’s robust clean energy industry is experiencing remarkable growth, with solar investments taking centrestage. The IEA report emphasizes that solar power is poised to overtake investments in oil production for the first time, underscoring India’s commitment to renewable energy sources.

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Saudi Arabia’s energy minister said OPEC+ would continue to be pro-active, pre-emptive and hedge against what may come in the future, regardless of any criticism

But agency warns global economy risks becoming over-reliant on a handful of green manufacturing hubs, while heat pump, wind turbine, and green hydrogen capacity needs to accelerate