Energy | 6 June, 2024 at 9:00 AM
Investment in clean energy this year is set to be twice that of fossil fuels
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Renewables are set to make up more than one-third of total electricity generation by early 2025, overtaking coal.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
Achieving all national climate and energy goals will require adding or replacing 80 million kilometers of power lines by 2040, according to a report released by the International Energy Agency (IEA).
For net zero emissions in 2030, it is necessary to double the progress in energy efficiency. The International Energy Agency has brought together world leaders in the field of energy and climate change in France for a major discussion on energy efficiency. A new IEA analysis shows that the world needs to double progress on energy efficiency by 2030 as part of efforts to improve energy security and affordability while maintaining the goal of limiting global warming to 1.5°C.
About $2.8 trillion is set to be invested globally in energy in 2023, of which more than $1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps – according to the IEA's latest World Energy Investment report.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
