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 […]Continue Reading 391 words
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 […]Continue Reading 114 words
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 […]Continue Reading 448 words
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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 […]Continue Reading 432 words