energy transition

Globally, 32% of business leaders estimated that their country will fully transition to renewables after 2050, while 8% said it would never happen.

Canada will introduce tax credits, incentives and investment for developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.

Renewable Energy asset owner Brookfield Renewable has signed an agreement to acquire Origin Energy Limited, with a view to expanding its renewables generation capacity across Australia in the next decade

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).

Solar PV will lead the energy transition in Malaysia and could reach up to 153GW of installed capacity by 2050.

The state of New Jersey has announced a set of new clean energy and climate change initiatives, including a commitment to 100% clean energy by 2035.

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.

Solar energy accounted for over 5% of the total electricity generation in the US in the first 10 months of 2022 as solar output increased 26.23% year-to-date (YTD), according to data released by the US Energy Information Administration.

The EU will introduce shorter permitting times for solar and renewable energy assets in the most recent addition to its REPowerEU scheme, agreed on by the European Council this week.