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COP28: Tracking the Energy Outcomes
…Global tracking indicators Next steps Raising the bar for the next round of NDCs Following the conclusion of the first Global Stocktake process at COP28, countries are developing the second cycle of Nationally Determined Contributions, or NDCs, under the Paris Agreement. Strong ambition and implementation of these NDCs will be crucial in determining the pace at which global greenhouse gas emissions decline over the next decade.The IEA is working with the UN Framework Convention on Climate Change (UNFCCC) Secretariat and sharing data, analysis and policy advice with governments to inform this process.Our Climate Pledges Explorer tracks existing NDCs and net zero targets for more…
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Energy and Gender
…the energy sector, honour women in energy leadership roles, and elevate best practices and policies, with access to the 6,000 experts participating in the IEA’s energy technology network. Learn more here. We highlight the important role of diversity and gender equality in unlocking the talent and capabilities needed to achieve our shared energy and climate objectives. Key findings Its goals include supporting gender equality, inclusion and opportunity at the IEA, which is part of modernisation strategy adopted by the IEA Secretariat, and it is delivering on the mandate from IEA Ministers to accelerate gender mainstreaming, improve gender data…
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Saving Energy
…room you’re in.2. Boiler: adjust the settingsDefault boiler settings are often higher than you need. Lower the hot water temperature to save 8% of your heating energy and cut EUR 100 off an average bill. You may have to have the plumber come once if you have a complex modern combi boiler and can’t figure out the manual. Make sure you follow local recommendations or consult your boiler manual. Swap a bath for a shower to spend less energy heating water. And if you already use a shower, take a shorter one. Hot water tanks and…
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Access and Affordability
…meter data or have yet to be electrified with high resolution and high accuracy. The tool can be applied to satellite images of entire countries, and produce significantly improved estimates for planners, utilities, and off-grid solar companies to identify target customers and communities. New scenario shows pathway to universal electricity access within a decade Progress on electricity access has been remarkable in recent decades. Since 2000, the number of people without electricity has fallen by almost a billion, and 40 countries have reached near-universal access. After setbacks related to the Covid-19 pandemic and the global energy crisis…
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Artificial Intelligence
…electricity demand from data centres worldwide more than doubling to around 945 terawatt-hours (TWh). That is slightly more than the entire electricity consumption of Japan today. While this is still a relatively small portion of the global total, the effects are poised to be particularly strong in some countries. For example, in the United States, data centres are on course to account for almost half of the growth in electricity demand to 2030; in Japan, more than half; and in Malaysia, as much as one-fifth.A diverse range of energy sources will be tapped to meet data centres’…
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Energy Innovation
…data and analyses on energy innovation also provide crucial insights that equip the huge range of stakeholders in this space to make effective decisions and pursue ambitious goals – from academics and researchers to start-ups, established companies, investors, philanthropic organisations, policymakers and regulatory bodies.Our annual State of Energy Innovation report also provides a comprehensive, data-driven assessment of recent progress and emerging challenges in energy technology innovation. The IEA Technology Collaboration Programmes (TCP) are independent, international groups of experts that enable governments and industries from around the world to lead programmes and projects on a wide range of energy…
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Investment
…our flagship World Energy Investment report, published annually, explore how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, energy efficiency, research and development and energy finance.The Agency also supports governments and industry as they work to reduce barriers to investing in secure, affordable and clean energy. Our analysis is designed to enhance transparency around economic and financing trends, the cost of capital and profit dynamics. We also explore how capital markets and innovative financing instruments can drive greater investment in the energy sector – especially in emerging and developing economies, where data is often…
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Fossil Fuel Subsidies
…budget expenditures arising from the domestic sale of imported energy at subsidised prices, or implicit. Many economies rely extensively on domestically produced fuels but import the remainder. In such cases, subsidy estimates represent a combination of opportunity costs and direct expenditures.Estimates using the price gap approach capture only interventions that result in final prices for end users below what would prevail in a competitive market. They do not, for example, capture subsidised research and development, or subsidies for fossil fuel production. These estimates therefore understate total fossil fuel subsidies, as well as their impact on economic efficiency and trade…
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Climate Change
…clean energy technologies in recent years – including electric cars, solar PV and batteries – has kept the door to 1.5 °C open. Yet meeting this target would require much faster progress on a much larger scale, IEA analysis shows – with even greater international co-operation and ambition from policy makers, as well as the swift and full implementation of the energy commitments made at the COP28 climate summit in Dubai. These include the global 2030 pledges to triple renewable power capacity, double energy efficiency progress, substantially reduce methane emissions, and accelerate the transition away from fossil fuels. Clean energy growth…
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Russia's War on Ukraine
…have shifted dramatically since Russia’s invasion as governments look to strengthen their energy security. At the same time, cleaner alternatives to fossil fuels are growing faster than ever. Due in part to policies unveiled by governments after February 2022, the world’s capacity to produce renewable power is expanding at a remarkable place , while the popularity of clean technologies such as electric vehicles and heat pumps is surging. The biggest legacy of the global energy crisis triggered by Russia's invasion of Ukraine may be that it accelerates the end of the fossil fuel era - with IEA projections now showing…