Renewable capacity growth worldwide stalled in 2018 after two decades of strong expansion, says IEA

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After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals, the International Energy Agency (IEA) said. Last year was the first time since 2001 that growth in […]

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Global energy demand grew by 2.1% in 2017, and carbon emissions rose for the first time since 2014

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Global energy demand rose by 2.1% in 2017, more than twice the previous year’s rate, boosted by strong global economic growth, with oil, gas and coal meeting most of the increase in demand for energy, and renewables seeing impressive gains. Over 70% of global energy demand growth was met by oil, natural gas and coal, […]

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Global carbon reductions need much more than technology advances, says BP

Technology advances alone cannot deliver the carbon reductions needed even though meeting the goals of the Paris Agreement is technically feasible, energy major BP said in a latest outlook. Further action is required, particularly policy measures such as putting a price on carbon emissions, as well as consumers making lower-carbon choices, it suggested. The report […]

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Vietnam’s renewable energy market attracts $1.75 bln Thai investment in wind energy project

Vietnam is shifting its focus to renewable energy sources after its nuclear power plant projects hit a roadblock, providing Superblock — Thailand’s largest solar energy company — an opportunity to invest $1.76 billion 700 megawatts of wind farms there. Thailand is Southeast Asia’s biggest solar power holder, having broken into the top 15 globally in […]

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Digitalisation to transform global energy system with implications for all energy actors – IEA

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Digital technologies are set to transform the global energy system in coming decades, making it more connected, reliable and sustainable. This will have a profound and lasting impact on both energy demand and supply, according to a new report by the International Energy Agency (IEA) In this first comprehensive report on the interplay between digitalisation […]

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