In Short : The IEA’s Renewables 2024 report highlights significant global growth in renewable energy, projecting a substantial increase by 2030. Factors driving this expansion include declining costs, technological advancements, and supportive government policies. As countries prioritize sustainability and energy security, renewables are expected to play a pivotal role in meeting global energy demands, contributing […]
IEA and IIT Delhi Strengthen Collaboration on Clean Energy Technologies and Transitions – EQ
In Short : The International Energy Agency (IEA) and IIT Delhi have announced an enhanced collaboration focused on clean energy technologies and transitions. This partnership aims to facilitate research and innovation in renewable energy, energy efficiency, and sustainable practices. By combining IEA’s expertise with IIT Delhi’s research capabilities, the initiative seeks to address global energy […]
Climate goal to triple global renewable energy by 2030 within reach, IEA says – EQ
In Short : The International Energy Agency (IEA) has expressed optimism that the global goal to triple renewable energy capacity by 2030 is within reach. This ambitious target is crucial for limiting global warming and meeting climate goals. The IEA highlights strong growth in solar, wind, and other renewable sectors, driven by policy support, technological […]
Climate goal to triple global renewable energy by 2030 within reach, IEA says – EQ
In Short : The International Energy Agency (IEA) has stated that the goal to triple global renewable energy capacity by 2030 is within reach. Strong investments in solar, wind, and other renewable sources are driving rapid growth. The IEA highlights that achieving this goal is crucial for meeting climate targets, reducing carbon emissions, and ensuring […]
Electricity production sees 3.7% increase in May 2024, driven by renewables – EQ
In Short : In May 2024, electricity production in India saw a 3.7% increase, largely driven by renewable energy sources. This growth reflects the nation’s ongoing shift towards greener energy alternatives, with solar and wind power playing a significant role in boosting overall electricity generation. The increase underscores India’s commitment to expanding its renewable energy […]
Global electricity demand likely to rise by 4% in 2025: IEA – EQ
In Short : The International Energy Agency (IEA) projects that global electricity demand will rise by 4% in 2025. This increase reflects the growing energy needs driven by economic development and technological advancements worldwide. In Detail : Global electricity demand is surging due to economic growth, heatwaves, and increased adoption of technologies such as EVs […]
IEA: Accelerating clean energy transition can relieve global cost of living pressures – EQ
In Short : The International Energy Agency (IEA) states that speeding up the clean energy transition can help alleviate global cost of living pressures. This shift can reduce energy costs, create jobs, and enhance energy security, benefiting economies worldwide. In Detail : Investing in renewables and clean energy technologies can make energy more affordable, boost […]
Investment in manufacturing of clean energy technologies reaches $200 bn: IEA – EQ
In Short : According to the IEA, investments in the manufacturing of clean energy technologies have reached $200 billion. This milestone signifies substantial global commitment and investment in advancing renewable energy and combating climate change. In Detail : Investment in manufacturing of the five clean energy technologies has reached $200 billion in 2023 from $115 […]
India will continue to rely on coal to meet its rising electricity demand through 2026: IEA – EQ
In Short : According to the International Energy Agency (IEA), India is expected to continue relying on coal to meet its growing electricity demand through 2026. Despite efforts to increase renewable energy capacity, the IEA’s projections indicate that coal will remain a significant part of India’s energy mix in the near term. This underscores the […]
Massive expansion of renewable power opens door to achieving global tripling goal set at COP28 – EQ
In Short : The extensive growth in renewable power sets the stage for achieving the ambitious global tripling goal established at COP28, signaling a pivotal step toward a sustainable energy future and addressing climate challenges on a significant scale. In Detail : World added 50% more renewable capacity in 2023 than in 2022 and next […]