Can Electricity Decarbonize the Energy Sector?

The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the demand to “electrify everything” grows, the carbon footprint associated with every step of the electricity generation process must be …

Renewable Energy Can Support Resilient and Equitable Recovery

Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) recently. While a pathway to deeper decarbonisation requires total …

Energy Week Black Sea 2020

From the 29th of September to the 1st of October, the international investment event Energy Week Black Sea 2020 (https://www.bsenergyweek.com/) will take place in Istanbul, Turkey. Energy Week Black Sea 2020 will bring together authorities and energy companies from Turkey, Romania, Bulgaria, Ukraine, and Georgia, as well as international financial …

Renewables Account for Almost Three Quarters of New Capacity in 2019

The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018. However, new renewable power accounted for 72 per cent of all power expansion last year, according to new data released by the International Renewable Energy Agency …

The Investment Case for Energy Transition in Africa

Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed at national and regional levels, 580 million Africans still do not have access to modern …

Oil Price Volatility Will Give a Boost to Renewables

Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price of oil plunging to lows not seen in years. You …

Clean Energy at the Heart of Stimulus Plans to Counter the Coronavirus Crisis?

The impact of the coronavirus around the world and the resulting turmoil in global markets are dominating global attention. As governments respond to these interlinked crises, they must not lose sight of a major challenge of our time: clean energy transitions. The coronavirus is turning into an unprecedented international crisis, …