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Clean Energy Investment Trends 2021
Evolving Financial Performance Expectations & Power Procurement Mechanisms In India The Indian utility-scale RE sector was characterised by contrasting fortunes in 2020 and the first half (H1) of 2021. Interest to invest remained robust even amid the COVID-19 disruption with solar PV and hybrid solar-wind capacity awarded rising 35% year-over-year to 21 GW in 2020. However, capacity awarded plummeted to 2.6 GW in H1 2021 as a backlog of unsigned power sales agreements (PSAs) held up the tendering of new capacity. In parallel, the awards of new wind capacity came to a standstill in 2020…
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ESAP Expert Workshop IV: Network Investments and Regulation
…of power flows, which will in turn create new hurdles for maintaining reliability and raise new investment challenges.An effective policy approach should seek to facilitate network investments and system operation in a cost-efficient way. It should also ensure that these costs are adequately reflected in network tariffs that are equitably applied to all customers benefiting from the security that access to electricity network infrastructure provides.More than ten years of regulatory experience is now available in many unbundled energy markets in IEA countries. Lessons can be learned on how to improve the design of network regulation, and new…
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Achieving Net Zero Heavy Industry Sectors in G7 Members Executive summary
…Germany, Italy, Japan, the United Kingdom, the United States plus the European Union – in 2020 accounted for around 40% of the world’s economy, 30% of its energy demand and 25% of energy system CO2 emissions. The G7’s economic heft, its leadership at the innovation frontier, and the international alliances it can mobilise, mean the Group has outsized power to inspire successful energy transitions around the world. Efforts to accelerate the transition for heavy industry sectors are no exception.Heavy industry is responsible for more than 15% of coal use and about 10% of oil and gas use in…
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Presentation: World Energy Investment 2019
…institutions are spurring timely investment, and how spending across sectors and technologies matches with the world’s energy security and sustainability needs.This year’s edition looks at trends in investment and financing in 2018 across all areas of energy supply, efficiency, and research & development, key markets and sectors driving these trends, from electricity in Asia to fuel supply in North America, as well as the sectors and regions where energy capital flows are constrained. The analysis also examines how industry is responding to investment risks and opportunities, including through shorter-cycle oil and gas projects, financial risk management strategies…
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Breakthrough Agenda Report 2024 Hydrogen
Affordable renewable and low-carbon hydrogen is globally available by 2030 – Hydrogen Breakthrough Goal Total global hydrogen production reached 97 million tonnes (Mt) in 2023, but renewable and low-carbon hydrogen accounted for less than 1% of global production. Some progress has been made in developing methodologies for hydrogen production, yet not enough is being done to create demand and establish the infrastructure needed to deploy renewable and low-carbon hydrogen. Recommendations Governments working together through the international initiatives involved in the Hydrogen Breakthrough need to urgently present a well-articulated plan that defines resource needs for the development and implementation…
- Power
- Hydrogen
- Road transport
- Steel
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Economic growth
…of economic activity per unit of labour – between 1.4% and 3.6% compared with firms with no investment in energy efficiency.Improvement of public budgetsWhether by reducing government expenditures on energy or by generating increased tax revenues through greater economic activity and/or increased spending on energy efficiency-related goods and services, energy efficiency improvements can have important impacts on the budgetary position of national and sub-national entities. In the European Union, a study found a reduction in public budget deficits as a result of energy efficiency investments. Other studies, including in Germany, also illustrate the benefits and...
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Credible pathways to 1.5°C
Four pillars for action in the 2020s To support preparations for upcoming major events such as the COP28 Climate Change Conference, the IEA is releasing Credible Pathways to 1.5 °C: Four pillars for action in the 2020s, a new report on the key actions needed to keep within reach the Paris Agreement’s target of limiting the global temperature rise to 1.5 °C. That possibility is narrowing rapidly, with energy-related CO2 emissions continuing to rise in 2022 despite declining costs for clean energy technologies and the dynamic deployment of renewables, electric cars and other solutions. Declining costs…
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LiFE lessons from India
The benefits of advancing the Lifestyle for Environment (LiFE) initiative through the G20 Launched by Prime Minister Narendra Modi of India, the Lifestyle for Environment (LiFE) initiative aims to encourage the adoption of sustainable lifestyles in India and internationally to tackle the challenges of environmental degradation and climate change. This report examines how India has integrated several policies in its energy transition strategy that are aligned with the LiFE initiative, highlighting the potential for behavioural change and consumption choices to help advance energy transitions globally. It then analyses the impact on energy consumption, costs and emissions of measures like those…
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Clean energy transitions: Accelerating innovation beyond 2020
Focus on India In recent years, governments have increasingly focused on innovation as a means to accelerate clean energy transitions and meet climate targets under the Paris Agreement. Despite efforts, illustrated by Mission Innovation country pledges to double public research and development spending in clean energy over a five-year period, much remains to be done. This brief Discussion Paper provides an overview of IEA work on innovation as part of clean energy transitions, tapping into India’s experiences and success stories. It also considers aspects relevant to multilateral innovation partnerships including Mission Innovation, and suggests ways forward for policy…
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New podcast episode explores how energy crisis is shaping investment trends
The latest episode of the IEA’s Everything Energy podcast looks at how the current international energy crisis – the second in five years – is reshaping and reinforcing key energy investment trends around the world.In the episode, which is available now on Apple Podcasts and Spotify, IEA experts Kirsten Smith and Cecilia Tam dive into key findings from the recent World Energy Investment 2026 report. As energy security concerns intensify – and with many countries increasingly looking to meet demand with domestic energy sources – they discuss the implications across different sectors, including oil, gas, coal, nuclear, renewables and electricity. They also speak about how investment in…