ESG Mena’s Post

International Energy Agency (IEA) has published a report titled "𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗙𝗮𝗶𝗿 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝘀". The following are some of the key points: - The global energy crisis has underscored the need for affordable energy, with consumers spending nearly USD 10 trillion on energy in 2022, significantly impacting the cost of living, particularly for the poor and vulnerable. - The affordability of clean energy transitions is crucial, with misperceptions that current living cost pressures are linked to clean energy, while in reality, they are due to the gas supply crunch. - Lower-income countries and communities often lack access to affordable energy, with 750 million people without electricity and over 2 billion without clean cooking technologies, highlighting the need for inclusive energy transition policies. - Many clean energy technologies, such as utility-scale solar PV and onshore wind, have become more affordable than fossil fuel-based options, with significant lifetime cost savings for consumers. - A clean energy system offers efficiency and cost benefits, with a more electrified, renewables-rich system resulting in lower operational costs and more stable energy prices. - The costs of inaction on climate change are substantial, affecting lives and livelihoods and emphasizing the importance of advancing clean energy to achieve sustainable development goals. - Financing clean energy transitions requires substantial upfront investments, particularly in developing economies, with a need for international efforts to lower financing costs and support vulnerable communities through targeted policies and subsidies. #EnergyCrisis #AffordableEnergy #CleanEnergyTransition #CostOfLiving #FossilFuels #EnergySubsidies #RenewableEnergy #EnergyEquity #EnergyEfficiency #SolarPV #ElectricVehicles #HeatPumps #ClimateAction #SustainableDevelopment #EnergyInvestment https://lnkd.in/eVM-nG7K

International Energy Agency (IEA) has published a report titled "𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗙𝗮𝗶𝗿 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝘀". The following are some of the key points: - The global energy crisis has underscored the need for affordable energy, with consumers spending nearly USD 10 trillion on energy in 2022, significantly impacting the cost of living, particularly for the poor and vulnerable. - The affordability of clean energy transitions is crucial, with misperceptions that current living cost pressures are linked to clean energy, while in reality, they are due to the gas supply crunch. - Lower-income countries and communities often lack access to affordable energy, with 750 million people without electricity and over 2 billion without clean cooking technologies, highlighting the need for inclusive energy transition policies. - Many clean energy technologies, such as utility-scale solar PV and onshore wind, have become more affordable than fossil fuel-based options, with significant lifetime cost savings for consumers. - A clean energy system offers efficiency and cost benefits, with a more electrified, renewables-rich system resulting in lower operational costs and more stable energy prices. - The costs of inaction on climate change are substantial, affecting lives and livelihoods and emphasizing the importance of advancing clean energy to achieve sustainable development goals. - Financing clean energy transitions requires substantial upfront investments, particularly in developing economies, with a need for international efforts to lower financing costs and support vulnerable communities through targeted policies and subsidies. #EnergyCrisis #AffordableEnergy #CleanEnergyTransition #CostOfLiving #FossilFuels #EnergySubsidies #RenewableEnergy #EnergyEquity #EnergyEfficiency #SolarPV #ElectricVehicles #HeatPumps #ClimateAction #SustainableDevelopment #EnergyInvestment https://lnkd.in/gf2rVmdA

🌿 Exciting News: EU Renewable Energy Directive (EU) 2023/2413 (RED III) The EU has taken a monumental step forward with the introduction of the Renewable Energy Directive 2023/2413 (RED III). This directive sets a bold target for at least 42.5% of the EU's energy consumption to come from renewable sources by 2030. This is a significant stride towards achieving carbon neutrality by 2050. Key highlights of RED III: 🔋 Promotion of renewable energy across electricity, heating, cooling, and transport sectors. 🌍 Enhanced cross-border cooperation and integration of renewables into the grid. ⚡ Support for innovative technologies like hydrogen and energy storage. 📜 Simplified permitting processes to accelerate renewable projects. 🌱 Strict sustainability criteria for bioenergy to protect our environment. This directive not only aims to reduce carbon emissions but also fosters innovation and paves the way for a sustainable energy future. Let's embrace this change and work together towards a greener Europe! 💪 #RenewableEnergy #EU #REDIII #Sustainability #EnergyTransition #BESS #RenewableFuture #ClimateAction Feel free to comment with your thoughts and share how your organization is contributing to this renewable revolution! 🚀🌱

#PollInsights: Energy transition strategies 🌱 The shift from traditional to renewable energy is pivotal, and your opinions are in! Here’s what you believe are the most effective strategies: 🛠️ Investing in Renewable Tech: 57% 🚫 Phasing Out Fossil Fuels: 9% 🏛️ Government Incentives: 12% 🤝 Public-Private Partnerships: 22% 57% of you felt that investments in renewable tech is the way forwards. Thanks to all who voted! Let’s keep pushing for sustainable solutions. #EnergyTransition #RenewableEnergy #Sustainability

The UK is lagging behind in clean energy development, despite significant advancements in renewable energy. To meet its climate goals, including a legally binding net zero pledge by 2050, the country needs to accelerate clean energy deployment more than double its recurrent rate. Read more: https://lnkd.in/gWpCY8af #DNO #gridcompliance #developers #powersystem #electricity #gridconnection #netzero #sustainability #netzero

Exciting news! The UK renewable power generation has reached new heights, as confirmed by the Government in an article from the Evening Standard. The commitment to cleaner energy sources is making a tangible impact, with record-breaking results. It's encouraging to see the positive strides towards a more sustainable future. #RenewableEnergy #Sustainability #UKGovernment https://ift.tt/UPrAp4N

Energy UK chief calls for government backing on clean energy. Emma Pinchbeck, CEO of Energy UK, has emphasised the importance of government support for clean energy investment and innovation. Claire Coutinho #cleanenergy #energyefficiency #energycrisis #energycosts #energyprices #greenenergy #greensupply #decarbonisation #carbonemissions #climateaction

A detailed new report from the International Energy Agency (IEA) released yesterday shows how putting the world on track to meet #netzero emissions by 2050 requires additional investment but also reduces the operating costs of the global energy system by more than half over the next decade compared with a trajectory based on today’s policy settings. The net result is a more affordable and fairer energy system for consumers. Realising the gains of #cleanenergy transitions, however, hinges on unlocking higher levels of upfront investment. This is especially the case in emerging and developing economies where clean energy investments are lagging due to real or perceived risks that hinder new projects and access to finance. #Cleantech #RenewableEnergy #sustainability https://lnkd.in/eVM-nG7K

Message from the Secretary-General of the International Renewable Energy Agency on the occasion of World Clean Energy Day 🔹 On the first World Clean Energy Day, January 26, 2024, coinciding with the fifteenth anniversary of the establishment of the agency, Mr. Francesco La Camera has stated that the United Nations, by choosing this day, acknowledges IRENA’s significant role in accelerating global energy transition. 🔹 He emphasized that countries around the world must facilitate access to clean energy to achieve the goals of the Paris Climate Agreement. 🔹 Mr. La Camera, in commemorating this day, reaffirmed IRENA’s commitment to continue efforts to triple the capacity of renewable energy by 2030, aiming to achieve a fair and sustainable energy transition. #clean_energy #international_renewable_energy #renewableenergy #renewable_energy #world_clean_energy_day #ksi_solar