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New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS), according to a report from the International Energy Agency (IEA).

The world installed around 174GW of solar PV in 2021, a 20% jump on the previous year, and is expected to deploy 260GW this year, barring any major disruptions to international trade.

A secure transition to net zero emissions globally will require countries to diversify and expand the production of solar modules, whose supply chains are heavily concentrated in China, according to new research from the International Energy Agency (IEA).

Solar PV will lead new capacity additions in Africa, reaching a total installed capacity of 125GW by 2030, according to a report from the International Energy Agency (IEA).

Europe can halve the amount of gas in its energy mix and reduce energy costs by €323 billion (US$356 billion) if it rapidly accelerates renewable deployment, according to a new report from energy technology group Wärtsilä.

The International Energy Agency (IEA) has released a 10-point plan to reduce the European Union’s reliance on Russian natural gas that includes the accelerated deployment of renewable power as the war in Ukraine destabilises the continent’s energy security.

Global solar PV deployment is on track to grow by 17% this year in spite of surging commodity prices increasing manufacturing costs, according to the International Energy Agency (IEA).

Negotiations at COP26 in Glasgow, Scotland have “kept 1.5 degrees alive”, with nearly 200 countries agreeing the Glasgow Climate Pact that finalised the outstanding elements of the 2015 Paris Agreement and called for an acceleration of the transition towards renewable energy

The Global Solar Council (GSC) and the Global Wind Energy Council (GWEC) have teamed up to push governments to implement more ambitious energy transition action plans, concluding current policies to be insufficient meet 2030 and net zero targets.

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.