The smarter E’s Post

IEA's World Energy Outlook 2030 predicts renewables to dominate half the global power mix, highlighting a surge in clean technologies. Electric cars, solar PV, and renewable heat solutions lead the way. While these gains reflect current policies, stronger action is required for the 1.5°C target. Global energy transition is unstoppable, requiring governments, companies, and investors to foster, not hinder, clean energy shifts. The WEO-2023 lays out a five-pillar strategy for 2030, emphasising renewable expansion, efficiency, reduced methane emissions, greater investment, and fossil fuel decline. Every nation must find its path, but collaboration is key. Read more to map a sustainable future. 🌍🔌🌞 Read about the unstoppable shift to renewables and the five key pillars for a sustainable future: https://lnkd.in/eCMtC3WP Are you passionate about renewable energy? Dive into a world of opportunities with Octavius Renewables. Join us and shape a sustainable future! 🌱💼 📧 Email us at: enquiries@octaviusrenewables.com 📞 Call us: +44 (0) 208 004 4030 🌐 Explore more at: www.octaviusrenewables.com #OctaviusRenewables #Octavius #Renewable #RenewableEnergy #ClimateAction #CleanTech #SustainableFuture #GlobalGoals #ClimateChange #IEA #GreenEnergy #CleanEnergyRevolution #2030Outlook #COP28 #CollaborationForChange #InternationalEnergyAgency

Did You Know? In this article from CleanTechnica, BloombergNEF solar analyst Jenny Chase says that as of today, the world boasts 3.6 terawatts of renewables, a testament to decades of collective effort, highlighting a pivotal moment in our journey toward a sustainable future. The challenge ahead is monumental, yet crucial – to triple our renewable capacity to 10.6 terawatts in the next seven years. Leveraging the power of innovation, collaboration, and sustainable practices, imagine the positive impact on our planet and the strides that can be made toward decarbonizing energy generation! https://lnkd.in/gtynStmz #didyouknow #decarbonization #energyequity #sustainability #renewableenergy #climateaction

More than 500 GW of #renewable capacity were commissioned in 2023 only, according to a recent report on renewables by International Energy Agency (IEA). About 500 bUSD invested in a year, the highest amount ever ! A good news for the sector and the climate, but we still need to speed up if we want to achieve the goal of tripling global renewable power capacity by 2030, a goal set by the Global Stocktake text agreed by the 198 governments at #COP28… Akuo Eric Scotto Agnès Pannier-Runacher Alexandra Sombsthay Jules Nyssen Daniel Bour Syndicat des énergies renouvelables (SER) ENERPLAN Clément Le Roy Nicolas Clausset DGEC – Direction générale de l’énergie et du climat Sophie Mourlon Alexandre Roesch

“Ignite a worldwide race to the top” The first-ever Global Renewables Summit #GRS24 will open its doors the 23rd of September in New York during the 79th UN General Assembly High-Level Week. Focused on delivering true action on the global #3xRenewables target, the summit convenes leaders from industry, government, intergovernmental organisations, NGOs, philanthropy, and COP presidencies to discuss the progress, opportunities, and challenges of tripling renewable energy globally by 2030.                                                                                'This event is an important element to the New York Climate Week official agenda. We must have the right renewables mix to ensure we get the most from new capacity. That means flexibility and storage. Water, wind and sun will get the job done” Said Eddie Rich, CEO of IHA                               ▶️ For updates, follow the Global Renewables Alliance Find out more about #GRS24: https://lnkd.in/dg8QJf-R 🌎 The Global Renewable Summit 2024 Co-hosts Global Renewables Alliance and Bloomberg Philanthropies Partners The Government of Barbados, Kenya, the European Commission, COP28 UAE, COP29 Azerbaijan, the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), Sustainable Energy for All (SEforALL), and the Center on Global Energy Policy, GRA Founding Members Global Wind Energy Council (GWEC), Global Solar Council (GSC), International Hydropower Association (IHA), Long Duration Energy Storage Council (LDES Council), International Geothermal Association and Green Hydrogen Organisation - GH2.

International Energy Agency (IEA) “Electricity Grids and Secure Energy Transitions” report launched. The rapid growth of renewables like solar & wind is a key part of clean energy transitions. But grids, which bring the electricity to consumers, aren't keeping up. Investment in renewables has nearly doubled since 2014. For grids, it has barely changed. Explore the full report: https://iea.li/45xqRrZ Grids are becoming a bottleneck, with potentially serious impacts on clean energy transitions & electricity security. Our analysis shows a growing queue of advanced stage renewables projects - about 1,500 gigawatts' worth - waiting to be connected to the grid in key markets. If investments in grids aren't scaled up quickly & regulatory reforms are slow, it will result in slower growth of renewables, higher fossil fuel use & stronger global warming. It would mean almost 60 billion tonnes of extra CO2 emissions between 2030 & 2050. “We need immediate action on grids. This is because while renewable projects can move forward in a matter of months or years, the timelines for grids can be a decade or longer. Our report provides key recommendations to prevent grids from undermining energy transitions & security.” Fatih Birol #decarbonisation #electrification #grid #transmission #netzero #cop28

The International Renewable Energy Agency (IRENA) recent report titled "Tracking COP28 Outcomes" highlights the commitment of over 130 countries at the #COP28 Conference to significantly transform the global energy landscape. They pledged to triple #renewable energy capacity and double energy efficiency by 2030, aligning with 1.5°C Scenario, which, according to IRENA, requires overcoming substantial barriers through a comprehensive approach: 〰️ Modernizing infrastructure to address grid system inefficiencies and support renewables deployment, focusing on digitalization and smart solutions. 〰️ Adapting policies and regulations to enhance frameworks for renewable expansion and the integration of variable renewables. 〰️ Developing a skilled workforce by aligning education with industry needs to mitigate skill gaps, emphasizing training and reskilling. 〰️ Scaling up financing, significantly increasing investment through private capital and enhancing international collaboration to support equitable finance flows and energy transitions, particularly in developing countries. https://lnkd.in/dS2Nquvz

Investing in the energy system of the future including renewables, low-carbon fuels and negative emissions technologies. Increasing transparency, including enhancing measurement, monitoring, reporting and independent verification of GHG emissions and their performance and progress in reducing emissions. #cop28uae #renewableenergy #emissionsreduction #decarbonization #energyefficiency #energytransition

🌍 Exciting #news from the Global Wind Energy Council (GWEC) latest Global Wind Report #2024! Last year marked a record-setting milestone for the wind industry, with 117GW of new capacity installed worldwide – a staggering 50% increase from #2022. 🚀 This unprecedented growth signifies the dawn of a new era for wind #energy, spurred by the ambitious targets set at COP28, where global leaders committed to tripling renewable energy by #2030. The momentum is global, with 54 countries across all continents contributing to this surge. Looking ahead, #GWEC has boosted its growth forecast for 2024-2030 to 1210GW, reflecting a 10% increase due to robust national policies, the expanding offshore wind sector, and dynamic advances in emerging markets. Let’s keep pushing the boundaries for a sustainable future! 💨🌱 . Full report: https://lnkd.in/dmdFUbpR . . #RenewableEnergy #WindPower #Sustainability #GlobalWindReport #COP28

💡 FUN FACT FRIDAY 💡 While renewable energy capacity is on the rise, we must address the urgent need to reduce energy-related CO2 emissions. According to the International Energy Agency (IEA), over a third of global energy will be generated by renewables by 2025. However, in 2022, energy-related CO2 emissions increased by 0.9%, indicating the challenges we still face. 📈🌿 The production, transportation, and processing of oil and gas were responsible for a staggering 5.1 billion tonnes of CO2 emissions in 2022, accounting for nearly 15% of total energy-related greenhouse gas emissions. 🛢️🌬️ To combat this, the IEA's Net Zero by 2050 (NZE) scenario outlines the need to halve the emissions intensity of oil and gas activities by the end of this decade, leading to a 60% reduction in total emissions from oil and gas operations. It's a crucial step towards a more sustainable future. ♻️💪 We must accelerate our transition to cleaner energy sources and implement innovative solutions to reduce carbon footprints across all sectors. Together, we can make a lasting impact and achieve a net-zero future. 🌎💚✨ Read the full article here: https://lnkd.in/ehQumQJ5 Check out the company here: World Economic Forum #RenewableEnergy #ClimateAction #NetZero2050

📝 Huge investments are needed for the green transition. According to the latest BloombergNEF report, governments and companies need to spend an extra $34 trillion on the #energytransition between now and 2050 to reach net-zero emissions. Here are the main conclusions of the New Energy Outlook report: 💡 Carbon capture technologies will require $6.8 trillion worth of investment to trap emissions not just from industry, but also the power sector. 💡 In parallel, investments in power grid projects will peak at about $1 trillion per year in the 2040s – similar to the investment required for renewable energy generation in that decade. 💡 Whether countries pursue policies needed to get on track for net zero by 2050 or not, the share of renewables in the global electricity mix could still be higher than 50% by the end of the decade. MET Group is dedicated to supporting a sustainable energy future for Europe.