Renewable energy
Generators failing to make progress will be either pushed down the queue or required to withdraw, creating room for projects that are ready to move forward
The global renewable power capacity is set to increase by one-third this year, fuelled by robust deployment of solar PV and wind power, according to the International Energy Agency
Companies risk missing net zero targets as analysis indicates carbon offset costs could double by 2030
Global investment in clean energy is expected to reach $1.7 trillion this year, according to the International Energy Agency
This will start with a five-year investment plan of £18bn by 2027
European Commission President Ursula von der Leyen has emphasised the need for additional manufacturing capacity and secure access to critical minerals for a green transition
It claims it is now on track to become one of the world’s largest renewable firms
It has set an aim to create 20GW of new renewable energy capacity by 2030
New analysis states if the UK increases its estimations for renewable production by 2050 by 50% it could become one of the world’s leaders in green energy exports
It has agreed with IRENA to set out an implementation plan at COP28