Seven key Asian countries collectively saved approximately US$34 billion in fossil fuel costs in the first half of 2022 through solar generation, according to research from Ember, the Centre for Research on Energy and Clean Air (CREA) and the Institute for Energy Economics and Financial Analysis (IEEFA).
The rise in solar and wind generation met over three-quarters of the global electricity demand growth in the first half of 2022, according to a report from think tank Ember.
European countries need to double the pace of solar PV installations if the continent is to keep pace with its climate commitments, new research from Ember has revealed.
European Union (EU) member states are planning a surge in renewables to replace fossil-fired generation as COVID-19, soaring gas prices and Russia’s war in Ukraine put pressure on countries to move towards cleaner and cheaper sources of power.
Solar and wind power reached a record 10% of global electricity in 2021. That milestone has now been reached by 50 countries across the world including all five of the world’s largest economies, although power sector emissions have reached an all-time high, according to energy thinktank Ember.
Calling for a three-fold increase in renewables investment in the next decade, the International Energy Agency’s (IEA) latest edition of its World Energy Outlook, published today, has been largely welcomed by analysts and industry observers, who are urging world leaders to respond accordingly at the COP26 Climate Change Conference.
Record-breaking power prices across Europe have turned the spotlight on the role fossil fuel plants play in generating electricity and how the transition to renewables-plus-storage could lower consumer bills.
