Most Technologies and Sectors ‘Not Keeping Pace with Long-Term Energy Goals’

Most technologies and sectors are not keeping pace with the long-term goals of the clean energy transition. That’s according to the International Energy Agency (IEA), which suggests many types of energy asset are not adequately working towards its Sustainable Development Scenario (SDS) targets to tackle climate change, deliver energy access …

Clean Energy Transition ‘Will Be Harder and Costlier Without Nuclear’

The transition to a clean energy economy will be much harder and more costly without nuclear power. That’s according to a new report from the International Energy Agency (IEA), which suggests four billion tonnes of additional carbon emissions could be generated if the proportion of power produced by nuclear resources …

ABB Unveils Its First Carbon-Neutral Factory

At its site in Lüdenscheid, in the presence of Nico Rosberg, ABB shows how the sustainable energy transition can succeed with digital energy management. With its “Mission to Zero”, the leader in digital technology drives the transition from fossil fuels. After a two-year design and construction phase, as part of …

World Bank Launches New Fund to Support ‘Climate-Smart’ Mining for Low Carbon Tech

The World Bank has launched what is claimed to be the first ever fund dedicated to making mining for the low carbon energy transition “climate-smart” and sustainable. The Climate-Smart Mining Facility, targeting a total investment of $50 million (£38.2m), will support the sustainable extraction and processing of minerals and metals …

EU Approves Lithuania’s €385m Renewable Energy Scheme

The European Commission has approved a €385 million (£333m) scheme to support electricity production from renewable energy sources in Lithuania. The government intends to introduce the new aid scheme in May for the installation of renewable sources such as wind, solar and hydropower. It will support Lithuania’s national target of …

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Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’

A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations. That’s according to new analysis by Global Witness, which claims any fossil fuel production and use from fields not yet in operation or development will …

Sweden ‘Leading the Way Towards a Low Carbon Future’

Sweden has the lowest share of fossil fuels in its primary energy supply among all member countries that are part of the International Energy Agency (IEA). It is also the second lowest carbon intensive economy and is a “global leader” in building a low carbon future, according to IEA’s latest …