Europe Off-Track For 2030 Climate Targets, Despite Record Clean Energy Investment, according to BloombergNEF BNEF’s base-case ‘Economic Transition Scenario’, which describes how the energy sector evolves as a result of cost-based technology changes, assuming no additional policy interventions are made, sees the European Union and UK both widely overshooting their end-of-decade #emission goals. Energy-related #CO2 emissions breach 2030 targets for all sectors by over 200 metric million tons, or a 9% overshoot across the region. 👏 Positive news is... Record investments in 2023 boosted #cleantechnology deployments. By 2030, #wind and #solar are projected to supply 50% of total power, and coal usage will drop to 1% by 2028. EVs are expected to constitute over half of Europe's passenger vehicle fleet by 2040, increasing electricity demand by 30% by 2050. 💶 Europe has made some of the strongest progress among major economies to date in reducing energy-related emissions from their peak. But it still needs to more than double investment in #energytransition-related activities to an average of $1 trillion every year until 2030, to close the gap to its targets and be on track for net-zero emissions by 2050. 📝 Regulations and #carbonmarket reforms have improved prospects for cleaner fuels in transportation and industry, with lower-carbon marine fuels and hydrogen-based steel production becoming more prevalent. Fully decarbonizing by 2050 requires significant electrification, clean power, and carbon capture and storage (CCS), which is crucial for decarbonizing backup power and some industries. Challenges include permitting delays for wind capacity and the need for substantial investment in #CCS technology. #climateaction #climatechange #sustainability
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The fight for a sustainable future isn't just about the environment anymore—it's becoming an economic necessity. 🌍 Even under a Trump administration, renewable energy growth is a global, economic force that can’t be stopped. ⚡ Whether it's solar panels in suburban homes or wind turbines driving entire industries, the renewable energy revolution is accelerating faster than ever. Here's why: 📌Wind and Solar Are the Cheapest Energy Sources: Renewable energy is no longer just an environmental choice—it’s the most affordable energy on the planet. In the U.S., the cost of solar continues to drop, making it the go-to solution for both homeowners and businesses. 📌 Global Adoption Is Skyrocketing: Wind and solar now make up 15% of the global energy mix, up from just 1% a decade ago. This shift is happening irrespective of political shifts—from Washington to Beijing—and will continue to disrupt fossil fuels, with or without strong regulations. 📌Economic Incentives are Here to Stay: Even under a potential Trump re-election, clean energy tax credits (such as those in the IRA) are unlikely to go away. The U.S. solar and wind industries benefit from bipartisan support, with key projects often located in Republican-leaning districts. This means the growth in green jobs and manufacturing is likely to continue. 📌Renewables Are More Than Just an Environmental Issue: The conversation is shifting—solar is now about saving money. People are buying solar panels because it’s cheaper than traditional energy sources. This makes clean energy a bipartisan solution, driven by economics as much as environmental necessity. 📌The Climate Clock Is Ticking: With this year on track to be the hottest on record, accelerating the shift to renewable energy is urgent. But the momentum is already in place—wind and solar are here to stay and will only grow faster in the coming years. The renewable revolution is not just a trend; it’s inevitable. Every new solar panel, every new wind turbine brings us closer to a sustainable future—and the good news is, it’s already happening. 🌱 👉 Let’s keep pushing forward. The future of energy is clean, affordable, and unstoppable. https://lnkd.in/ev9Qf897 #RenewableEnergy #SolarPower #WindEnergy #ClimateAction #Sustainability #CleanEnergy #EnergyTransition #GreenEconomy #ClimateChange #Innovation
I Spent Six Months Selling Solar Panels Door to Door. Here’s the Thing About Renewable Energy.
slate.com
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Canada's Drive to Decarbonize Canada is the world's second highest producer of greenhouse gas per capita... and our cold climate is no excuse for that figure... almost double the footprint of other northern countries such as Finland. The country is however still working toward a net zero goal by 2050 and energy storage for the grid will play a key support role in the transition to more sustainable energy sources. #cleanenergy #cleantech #SDG #NetZero #renewableenergy
Backing up Canada’s drive to decarbonize the energy sector
https://www.renewcanada.net
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From dependence to abundance, the CAF report highlights the region's potential for clean, affordable, and stable energy through renewables. Despite contributing only 11% of global emissions, Latin America and the Caribbean are highly vulnerable to climate change. Investing in sustainable growth and leveraging its mineral and renewable energy resources empowers the region and combats climate change. https://lnkd.in/e8xK83gp
CAF highlights Latin America and the Caribbean’s potential for clean, affordable, and stable energy - Kaieteur News
kaieteurnewsonline.com
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According to a new report by the Sustainable Energy Authority of Ireland, energy-related emissions in Ireland decreased last year to their lowest level in three decades, but the rate of decline is insufficient to fulfil climate targets. Read more on energy emissions fall to lowest level in 30 years: https://lnkd.in/ds4NA2AR #energy #energyemissions #seai
Energy emissions fall to lowest level in 30 years - SEAI
rte.ie
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Last week the World Energy Council issued a warning following its latest survey, taken by almost 1,800 decision makers in the global energy industry, the findings highlighted conflict, policy instability and other geopolitical factors as concerning barriers to clean energy transition goals. With similar findings to recent articles I’ve shared, the overwhelming feeling seems to be uncertainty. Whilst the World Energy Issues Monitor survey found that leaders believe they have a broad understanding of the technical aspects to approaching Net Zero, the barriers they face are vast and solutions to these issues require levels of investment far beyond what we’re currently seeing. The World Energy Council has concluded that energy transitions are going to face ‘risks of U-turns and detours in all regions’ and as the window to address climate issues gets shorter, the need for real focus and strategy is becoming ever more crucial. https://lnkd.in/ehGCTWeH #netzero #climatechange #parisagreement #decarbonisation #renewable #cleanenergy
Press Release: 2024 World Energy Issues Monitor Reveals Increasing Uncertainty and Extreme Polarisation Impeding Progression of Global Energy Agenda
worldenergy.org
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📈🌱 Discover how Europe can lead the clean energy transition! This article by the European Commission DG Energy explores the rapidly growing clean energy technology market and the critical role Europe plays in it. Some insights: 🟢 By 2050, 35% of the greenhouse gas emission reductions will rely on technologies not yet on the market. The clean energy technology market is rapidly expanding and is projected to reach €605 billion annually by 2030. 🟢 Europe must invest in clean energy technologies to maintain industrial leadership, secure jobs, and enhance energy security. 🟢 The global market for clean-tech is highly competitive, with countries like the US, India, China, and Japan heavily investing. The EU currently imports more net-zero technologies than it exports, creating industrial and technological dependencies. 🟢 The EU legislative measures and future needs: the EU's demand for critical raw materials is expected to rise significantly, highlighting the importance of legislative measures in achieving climate neutrality and addressing supply chain challenges. Read more about the future of clean energy technologies and Europe's role in achieving climate neutrality ➡️ https://lnkd.in/dBaBsbcU #GreenHydrogen #EUInnovation #Sustainability #cleanenergy #electrolysertechnology
In focus: Clean energy technologies
energy.ec.europa.eu
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According to DNV’s latest report, global emissions are projected to peak in 2024—a major turning point in the fight against climate change. This expected peak demonstrates that the world is moving closer to a crucial transition toward lower emissions, driven by clean energy adoption and technological advancements. While this is a positive milestone, there’s still a long way to go in reducing emissions to sustainable levels and a continued focus on renewable energy, electrification, and carbon reduction strategies will be key to shaping a greener future. Learn more in the full report here: https://hubs.ly/Q02V298t0 . . . . #Qmerit #QmeritCertified #Electrification #CleanEnergy #EnergyTransition
Global Emissions Will Peak In 2024, Claims DNV In Latest Report - CleanTechnica
https://cleantechnica.com
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This week we look at the clean energy policies included within the King's Speech, the Climate Change Committee's 2024 Progress Report, the announcement of a new publicly owned renewable energy developer in Wales, and more. Please do share this with your contacts. To do so, you can use the embedded LinkedIn link at the base of the website article to share this week's publication directly on your profile. Below is some suggested wording to accompany your post: In this week's #EnergyTransition we look at: ⚡ The clean energy policies included within the King's Speech; ⚡ The Climate Change Committee's 2024 Progress Report; ⚡ A new publicly owned renewable energy developer in Wales; ⚡ NIA reporting on the UK far exceeding power import records; and ⚡ ESO "pathways" to net zero. #Netzero #EnergyTransition #King'sSpeech #CCC #energy-developer #ESO #pathways
The Energy Transition | King's speech outlines government's clean energy policies.
osborneclarke.com
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Thrilled to share my latest publication in the Journal of Green Technologies and Sustainability! The study highlights how public spending on energy R&D, especially in renewables, plays a crucial role in reducing CO2 emissions in OECD countries. Our findings underscore the long-term benefits of investing in energy innovation to combat climate change. https://lnkd.in/gWjPZnTu
Public spending on Energy innovations and CO2 impacts: Evidence from selected OECD countries
sciencedirect.com
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1wYes missing the 30% energy efficiency measures to cover the gap!