Carbon Dioxide Not Expected to Exceed 2019 Levels Again Until 2027 click button

Carbon Dioxide Not Expected to Exceed 2019 Levels Again Until 2027

The International Energy Agency (IEA) Annual Report projects that because of the COVID-19 pandemic, there will be a 7 percent drop in energy-related carbon dioxide emissions in 2020 due to associated reductions in fossil fuel use, and that emissions of CO2 pollution will remain below 2019 levels until 2027. 

Why This Matters:  This is good news for air pollution in general as well as for climate change.  We needed to put the breaks on continual increases in CO2 emissions — and this was a hard way to do it.

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New IEA Report Crowns Renewables “New King” of World Electricity Markets

New IEA Report Crowns Renewables “New King” of World Electricity Markets

Yesterday, the International Energy Agency published its 2020 World Energy Outlook, which focuses on the next decade in the wake of the COVID-19 pandemic and makes a bold forecast: oil demand will hit a plateau in 2030 and decline from there, while solar energy could become the “new king of the world’s electricity markets.” In […]

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Renewable Energy is Thriving, But Not Quickly Enough

Renewable Energy is Thriving, But Not Quickly Enough

Yesterday the International Energy Agency (IEA) released a new forecast showing that renewable energy is set to expand by 50% between 2019 and 2024, and will be led by solar PV. Now, the IEA has a history of underestimating renewable energy growth, and some experts still think the 50% estimate is low, but both sides […]

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One cool thing: Sweden leads global transition to a low-carbon future

One cool thing: Sweden leads global transition to a low-carbon future

According to the International Energy Agency, Sweden is the global leader in building a low-carbon economy, with the lowest share of fossil fuels in its primary energy supply among all IEA member countries, and the second-lowest carbon-intensive economy. Sweden has been successful in its energy transformation through market-based policies that focus on energy efficiency and […]

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Demand for renewables increases but coal and gas are still king

Demand for renewables increases but coal and gas are still king

As a follow-up to yesterday’s story about the price of battery storage plummeting thus painting a positive outlook for renewables, we still have some substantial supply and demand challenges to overcome before we can utilize renewables more broadly on a global scale. This week, the International Energy Agency released data showing that energy demand around […]

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What’s in an energy forecast?

What’s in an energy forecast?

As Greentech Media reported, consultancy McKinsey & Company and global oil major British Petroleum both recently released 2019 outlooks for the global energy sector, and though both forecast that renewables will grow markedly in the coming years, the results present sharply divergent visions of just how much.  McKinsey projects that renewables will account for more than 50 […]

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