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Underlining the importance of critical minerals for clean energy, the IEA is starting a new initiative for security. Also, the first non-European IEA office will open in Singapore.
More than anything, UAE event was about winning funding commitments
Latest IEA report shows significant acceleration in renewable energy deployment globally. It hints at a potential tripling of the world's renewable energy capacity by 2030, aligning with the Global Decarbonisation Accelerator.
Although many of the adopted text languages leave room for different interpretations, the UAE Consensus forged in Dubai could serve as a path to limiting global emissions significantly within the next decade.
ING commits to cut loans to upstream oil & gas activities by 35% by 2030, phase out all such financing by 2040, and triple renewable energy funds by 2025.