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IEA Clean Energy Transitions Summit
…the IEA Clean Energy Transitions Summit were livestreamed on this page and across all IEA digital platforms. Archived videos of all sessions are listed below: The year’s largest global gathering on energy and climate Ministers from countries representing the vast majority of global GDP, energy use and greenhouse gas emissions will take part in the IEA's Clean Energy Transitions Summit on Thursday 9 July, gathering around a virtual table to discuss measures to boost economies, create jobs, reduce global emissions and make energy systems more resilient. Ministers in attendance will represent almost 80% of global energy consumption and…
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Clean energy innovation in the Covid-19 crisis
…of clean energy technology development and diffusion. While the technologies in use today can deliver a large amount of the emissions reductions called for by these goals, they are insufficient on their own to bring the world to net zero while ensuring that energy systems remain resilient – even with much stronger policies supporting them.Innovation involves a wide range of participants, but governments have a pivotal role, especially in the wake of the challenges created by the Covid-19 crisis. Through measures such as countercyclical spending on energy R&D and technology demonstration, governments can accelerate clean energy innovation and…
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7 certainties about energy for this age of uncertainty
…critical minerals. A single country, China, is the dominant refiner for 19 out of 20 energy-related strategic minerals, with an average market share of around 70%. More than half of these strategic minerals are subject to some form of export controls. Rising energy security risks from climate change are now also a certainty, intensifying the need to make energy systems more resilient to extreme weather events, as well as to cyberattacks and other malicious activity targeting critical infrastructure. States are taking the reins As energy is elevated to a matter of economic and national security, so governments are increasing...
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Middle East crisis exposes vulnerabilities in global hydrogen supply chains as low-emissions alternatives struggle to ramp up
…infrastructure continue to slow the development of low-emissions hydrogen, putting 2030 targets announced by governments increasingly out of reach."The current crisis has highlighted how deeply economies around the world depend on trade in hydrogen-based products – from fertilisers to fuels and industrial feedstocks – and the significant role of the Middle East in those supply chains," said IEA Executive Director Fatih Birol. "Countries are looking for ways to make their energy systems more resilient and diversified. Low-emissions hydrogen can play an important role in those efforts over time, but stronger policy support and much faster deployment will be…
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Rare Earth Elements
…energy technologies and advanced electronics to aerospace and defence systems, combined with their highly concentrated supply chains, has elevated their importance in both energy and broader economic security discussions in recent years. This report assesses the current state of the rare earth elements market, examining demand and supply dynamics and key technological developments. It analyses the full value chain from mining to permanent magnet production, evaluates vulnerabilities across supply chains, and highlights the implications of potential supply disruptions. Based on these analyses, the report outlines eight targeted policy recommendations that can pave the way for more secure, diversified and resilient…
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Islands need resilient power systems more than ever. Clean energy can deliver
…economic development. In Pacific island countries, fuel imports accounted for up to 13% of GDP in 2019.Islands – including those that make up the group known as Small Island Developing States (SIDS) – also need to upgrade their energy infrastructure so that it is resilient to higher temperatures, more frequent natural disasters and flooding related to rising sea levels. At the same time, aging power systems are often inadequate to accommodate growing electricity demand due to economic growth and increased air-conditioning usage. Consequently, many systems are prone to load shedding events and recurrent outages, such as in Sint Maarten, Guam…
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B20 and IEA call on the G20 to accelerate clean energy transitions for a resilient economic recovery
…low energy prices is a unique opportunity for governments to enact policies that steer their clean energy transitions at low financial, political and social cost."Dr Fatih Birol, Executive Director of the IEA, added: "Mobilising the critical investments for meeting international energy and climate goals requires a grand coalition spanning governments, companies, investors and citizens. The IEA is pleased to work with the G20 and B20 to accelerate the major deployment of clean energy technologies that we need to build more sustainable and resilient energy systems. Despite the challenges we face from the Covid-19 crisis, stronger clean energy actions…
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It’s time to make clean energy investment in emerging and developing economies a top global priority
…the financing to build the clean, modern and resilient energy systems that can power their growing economies for decades to come.Annual clean energy investment in emerging and developing economies needs to increase by more than seven times – from less than USD 150 billion last year to over $1 trillion by 2030 to put the world on track to reach net-zero emissions by 2050, according to the report, Financing Clean Energy Transitions in Emerging and Developing Economies. Unless much stronger action is taken, energy-related carbon dioxide emissions from these economies – which are mostly in Asia, Africa and Latin America …
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Latin American Ministers and energy leaders stress need for sustainable and inclusive recovery from the Covid-19 crisis
…to put energy at the heart of their post-Covid economic recovery while moving towards more sustainable and resilient energy systems in a way that creates opportunity for all.Chaired by Dr Fatih Birol, the Executive Director of the International Energy Agency, and Alfonso Blanco, the Executive Secretary of the Latin American Energy Organization (OLADE), the virtual roundtable featured contributions from leading figures including Brigadier Mark Phillips, the Prime Minister of Guyana, and Mauricio Claver-Carone, the President of the Inter-American Development Bank (IDB). Ministers speaking at the event represented many of Latin America’s leading energy producers and…
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IEA-OLADE Ministerial Roundtable
…generation and transport. Looking ahead, the region has the opportunity to leverage its world‑class solar and wind resources, as well as to harness the multiple benefits of energy efficiency to build more sustainable, inclusive and resilient energy systems. Decreasing energy demand and prices, as well as the rapid fall in fossil fuel prices, could have lasting impacts for the region’s energy landscape, and could prevent the region from tapping its potential for further global leadership on clean energy. In several countries across Latin America, major oil and gas projects are facing delays and additional financing difficulties, whilst decision‑makers face…