Kris Kobi’s Post

This is truly amazing news and a testament to our collective progress in changing the world's energy landscape to a greener, more sustainable one. #renewableenergy #energy #climate17

Last year's renewable energy stats are in, and they're striking: a 50% increase globally, with solar power shining brightest, thanks to China, Europe, the US, and Brazil. The IEA heralds this as the path towards tripling clean energy by 2030—a target echoed by 130 countries at #Cop28. “Onshore wind and solar PV are cheaper today than new fossil fuel plants everywhere and cheaper than existing fossil fuel plants in most countries," as stated by Fatih Birol, IEA’s executive director. But here’s the twist: while renewables are now cheaper than ever, UK subsidies are largely being awarded to fossil fuel companies. It's time to turn our attention to microgrids, a business- and community-powered solution that could disrupt energy from the ground up. Imagine local control, resilience, and sustainability all rolled into one. That's the promise of microgrids. As we forge ahead in 2024, let's shift our energy narrative. Renewables aren't just an alternative; they're the inevitable future, and microgrids can lead the charge. https://lnkd.in/ewwTMxUX #EnergyNews #NetZero #SolarPower #Microgrids #CommunityEnergy

🌞🌱 2023: A Year of Transformation in Global Renewable Energy The International Energy Agency's (IEA) 2023 report unveils a monumental shift in global energy, with a 50% increase in renewable energy capacity, largely led by solar photovoltaics. This surge marks a crucial step in aligning with COP28 directives, indicating a worldwide commitment to reducing reliance on fossil fuels. The dominant role of China and record highs in regions like Europe, the USA, and Brazil reflect a united global move towards green energy. With renewables now more cost-effective than fossil fuels in most countries, the report underscores a new era in energy, driven by sustainability and innovation. #RenewableEnergyGrowth #SolarPower #GlobalSustainability #news #trending #environment #sustainability #renewableenergy #future #solar https://lnkd.in/drUiQG-D

Just a thought of the day: The future of energy is brighter than ever! Exciting Developments in Renewable Energy! As we continue to push towards a sustainable future, the renewable energy sector is making remarkable strides. In 2023, the world saw a 50% increase in renewable capacity compared to the previous year, adding 507 gigawatts (GW) of new renewable power. This surge is largely driven by solar PV, which made up three-quarters of these global additions. This momentum aligns with the ambitious targets set at COP28, aiming to triple renewable energy capacity by 2030 and double energy efficiency improvements (https://lnkd.in/duR7V-2v) (https://lnkd.in/eMJHkP8m) This growth isn't limited to one region. Countries like China, the US, and several in Europe and Brazil have significantly boosted their renewable energy capacities, with China leading by commissioning as much solar PV in one year as the entire world did the previous year. The International Energy Agency (IEA) projects that by 2028, renewable sources will account for over 42% of global electricity generation. At IWNL Energy, we are thrilled to witness and contribute to these transformative changes in the energy landscape. Our commitment to innovative solutions and sustainable practices is stronger than ever as we support the global shift towards a cleaner, greener future. Let's continue to drive the energy transition forward!

By signing the Global Renewables and Energy Efficiency Pledge, the countries also agreed to increase the global average annual rate of energy efficiency improvements by two folds from nearly 2% to more than 4% ever year until the end of this decade. China and India have expressed support for tripling renewable energy by 2030. However, they have not fully endorsed the overarching commitment, which combines the expansion of clean power with a simultaneous reduction in fossil fuel utilisation. Click here to read more.... #renewableenergy #climatechange #netzero

The world is making significant progress towards achieving the goal of tripling global renewable energy capacity by 2030, thanks to a massive expansion of renewable power. The latest report from the International Energy Agency (IEA) reveals that renewable energy capacity added to energy systems around the world grew by 50% in 2023, reaching almost 510 gigawatts (GW). Solar PV accounted for three-quarters of additions worldwide, with China leading the way by commissioning as much solar PV in 2023 as the entire world did in 2022. Wind power additions in China also rose by 66% YoY. The increases in renewable energy capacity in Europe, the United States, and Brazil also hit all-time highs. This expansion gives us a real chance of achieving the goal set at COP28 climate change conference last month, and we should all be proud of the progress we are making towards a greener future. #RenewableEnergy #ClimateChange #Sustainability #IEA

Renewable energy installations reached record highs in 2023, growing at their fastest pace in decades. 510 gigawatts (GW) of renewable energy were added worldwide, representing a 50% increase from 2022, according to figures from the International Energy Agency (IEA)’s annual flagship report on the global status of renewable energy. Projections show that the sector’s expansion will continue to accelerate, with an anticipated 2.5-fold increase by 2030. While this is a promising trend in the right direction, however, experts say that it’s not enough to reach global climate goals. At last year’s COP28 climate conference, held by the United Nations in Expo City, Dubai, United Arab Emirates, attending governments agreed to fully triple global renewable energy production capacity by 2030. This will require a serious acceleration of current trends and expanded policy measures to support that acceleration. According to IEA Executive Director Fatih Birol, the main hurdle between the current state of the sector and the pathway to 3x growth by 2030 is the necessary increase of funds for clean energy in developing countries. “Success in meeting the tripling goal will hinge on this,” he said.

RENEWABLE ENERGY NEWS // The adoption of renewable energy presents an opportunity to sustainably meet Africa’s growing energy demand. African countries need to invest in effective solutions that harness the continent’s abundant renewable energy sources, says this article by South African Institute of International Affairs (SAIIA). This will require investment, and strong partnerships and collaboration in order to build local capacity and accelerate Africa’s energy transition. Read more: https://lnkd.in/dhGXhXfB  #Rubicon #Solar #Energy #Sustainability #SustainableTechnology #SolarEnergy #RenewableEnergy 

International Renewable Energy Agency (IRENA)’s Warning: Urgent Action Needed for Renewable Energy Goals ➡ https://lnkd.in/eu3XRHGP If the transition to clean energy is not accelerated, energy demand predictions suggest that global emissions could lead to a temperature increase of approximately 2.4 degrees Celsius by the end of the century. The International Energy Agency (IEA) emphasizes that the pace of emission reduction globally hinges on financing sustainable solutions to meet the energy demand of growing economies worldwide. Despite the economic advantages of renewable energy sources like solar PV and onshore wind, many developing countries struggle to access affordable finance. International collaboration, including the involvement of multilateral development banks and increased public finance, is essential to address these challenges and accelerate the global energy transition. #energy #globalenergytransition #news #energymanagement #renewable

There was Record Growth in Renewable Energy in 2023. The International Energy Agency (IEA) recently reported that global renewable energy capacity grew at its fastest pace in the last 20 years in 2023. This surge, driven by rapid solar panel installation in China alongside strong growth in Europe, the US, and Brazil, puts us on track to meet key climate targets for the decade. In fact, renewable energy is on course to increase by 2 1/2 times by 2030 with the potential to triple if we play our cards right. What are your thoughts on this news? Share your ideas for accelerating the transition to clean energy in the comments! #renewableenergy #climateaction #sustainability Source: https://lnkd.in/eVMnT2y8