Impending shortage of copper could derail energy transition: S&P Global

An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach.” Electric vehicles, solar and wind power, and batteries for energy […]

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Record clean energy spending set to help global energy investment grow by 8% in 2022

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Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency. Although encouraging, the growth investment is still far from enough to tackle the multiple dimensions of today’s energy crisis and […]

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Renewables set to break new record in 2022 despite supply chain challenges: IEA

The world added a record 295 gigawatts (GW) of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays and high raw material prices, said the International Energy Agency (IEA’s) latest Renewable Energy Market Update. Capacity additions in renewables electricity generation are expected to break another record this year, continuing last year’s trend […]

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Latest energy crisis makes supporting clean energy start-ups more important than ever – report

Periods of energy disruption, like the one we are seeing today, offer an opening for disruptive technologies and a helping hand for clean energy start-ups can help respond to the current energy crisis while also accelerating progress towards climate targets, a new IEA report said. How Governments Support Clean Energy Start-Ups provides a timely review […]

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Usage of coal is reaching record levels in India and China: IEA

The International Energy Agency (IEA) has called on China and India to reduce coal power generation and put their climate pledges into action, describing both countries as “holding the key to future coal demand”. The world’s two largest coal producers – with economies that account for nearly three billion people combined – are currently responsible for […]

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More than $2 trillion investment needed to meet IEA hydrogen targets

More than $2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon emissions economy by 2050, the Green Metals and Hydrogen symposium disclosed. The year 2030 is viewed by key industry participants as a critical time when […]

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