International Energy Agency (IEA)

It’s wrong to conclude that clean energy transitions will make energy less affordable Clean energy technologies are already the most affordable options for millions of people, especially over the long term But high upfront costs remain a key hurdle ➡️ https://iea.li/3X1zXMC

🗣 “Understanding the current landscape for energy investment is key to mobilising more spending” Our recent commentary explores who’s investing in energy around the globe & who’s financing it – along with the implications for energy transitions worldwide 👉 https://iea.li/3X2HRoQ

Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/3X1zOJ4

Global investment in renewable power & grids overtook spending on fossil fuels for the first time in 2023 — a sign of the new energy economy that’s emerging But clean energy investment must grow much faster for the world to reach energy & climate goals ➡️ https://iea.li/3WKoAax

Digital technologies are set to play a key role in the transition to more secure & sustainable energy systems But the pace of digitalisation depends on the energy sector’s ability to build a workforce with the right skills More in our recent commentary 👉 https://iea.li/3Wojhxu

AI is emerging as one of today’s most important technologies – and its impact on the energy sector could be transformative To explore the opportunities & challenges ahead, we’ll convene a Global Conference on Energy & AI in Paris on 5 Dec Learn more 👉 https://iea.li/4cnZmED

Electricity demand is rising especially strongly in emerging & developing economies In India, it's forecast to surge 8% this year, driven by strong economic activity & intense heatwaves China is also set to see significant growth of over 6% Read more 👉 https://iea.li/3Ma2nO5

🗣 “By sharing risks & enhancing project viability, development finance institutions mitigate investment challenges unique to emerging & developing economies” Read more in our recent commentary on how these institutions are catalysing change toward a more inclusive & clean energy future ➡️ https://iea.li/3SLHD36

Next year, we’ll convene a major International Summit on the Future of Energy Security in London, hosted by the UK government Global leaders will address what’s needed to ensure reliable & secure access to energy as clean energy transitions progress around the world More ➡️ https://iea.li/3X1vKIQ

The rise of renewables – like solar, wind & hydro – means they’re set to overtake coal in global electricity generation for the 1st time in 2025 This may result in a small drop in CO2 emissions from the power sector in 2025, after a slight rise in 2024 👉 https://iea.li/4dDt75u