Next week, join IEA's Brian Motherway & other experts for a discussion on fair & equitable energy transitions They'll explore what's needed to ensure all people – particularly the most vulnerable – are able to benefit from the shift to clean energy More → https://iea.li/4cwJi4y
See you there!
Global investment in renewable power & grids overtook spending on fossil fuels for the first time in 2023 — a sign of the new energy economy that’s emerging But clean energy investment must grow much faster for the world to reach energy & climate goals ➡️ https://iea.li/45YfbQY
Interested in joining the IEA team in Paris? We’re hiring for several roles ⬇️ ▶️ Multimedia Communications Editor ▶️ Legal Counsel - Temporary Assignment ▶️ Strategic Media Relations Manager ▶️ Social Media Assistant ▶️ HR Officer (Recruitment & Administration) Find out more & apply here → https://iea.li/3Wfj8gL
Battery manufacturing capacity has more than tripled in the last 3 years Completing all announced projects would be enough to meet demand to 2030 on our net zero path But manufacturing is concentrated in only a few countries, creating supply chain risks: https://iea.li/4cLfdOf
Our latest newsletter is out, with info & analysis on unlocking investment in clean energy transitions, who’s financing #energy projects around the world, smart grid innovation trends & more Subscribe now ➡️ https://iea.li/4eUX02A Read it here ⬇️
Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/4eO8Njh
Efforts to unlock much greater investment are vital to build a cleaner, more affordable & secure energy system – especially in emerging economies where financing is lagging behind Today, 85% of clean energy spending is in advanced economies & China ➡️ https://iea.li/45luHWV
In 2024, investment is solar PV is set to grow to $500 billion, leading the transformation of the power sector More money is now going into solar PV than all other electricity generation technologies combined Learn more 👉 https://iea.li/3KxG0S7
The world doesn’t need to invent new technologies to move to a cleaner & more affordable energy system Our recent report, drawing on proven policies from countries worldwide, shows how governments can help make clean technologies more accessible to all ⬇️ https://iea.li/3yCaSOu
Even under today’s policy settings, demand for critical minerals is set to continue rising strongly as energy transitions accelerate. And though the market is currently well-supplied, continued vigilance is needed to avoid strains in the future ➡️ https://iea.li/3QOSxE8
Professor at Petroleum University of Technology
4dAlbeit, to really involve people into energy transition, they should have access to living basics.