🔋Investments in clean energy, including solar PV and EV batteries, are expanding rapidly.
🌍Global investment in clean energy has risen by 40% since 2020, with 500 GW of renewable energy generation capacity added this year.
🚗The US aims for 50% of new car registrations to be electric by 2030.
🏭Meeting climate targets in India requires a 30% reduction in industrial CO2 emissions by 2030.
💡Sub-Saharan Africa needs 85% of new power generation to be based on renewables by 2030.
What is the Net Zero Emissions Scenario?
—The Net Zero Emissions Scenario aims to keep global average surface temperatures within 1.5 degrees Celsius of pre-industrial levels by 2100. It requires reducing greenhouse gas emissions to net-zero.
Are investments in fossil fuels decreasing?
—While investments in clean energy are increasing, investments in oil and gas are still nearly double what they should be to achieve the Net Zero Emissions Scenario.
What is the role of China in global energy trends?
—China's rapid economic growth has contributed to significant increases in global oil, natural gas, and coal use. However, its infrastructure build-out is slowing, and investments in renewable energy are growing.
What are the challenges facing sub-Saharan Africa in meeting energy targets?
—Sub-Saharan Africa needs to deploy renewables for 85% of new power generation by 2030 to meet energy and climate targets. This requires large-scale financing and an end to new approvals of coal-fired power plants.
What action is needed to address climate change?
—Governments must take decisive action to end reliance on fossil fuels and support the transition to clean energy. A global agreement to end the use of oil, coal, and gas urgently is necessary.
00:00The International Energy Agency (IEA) publishes the annual Energy Outlook, providing data and insights on the global energy sector.
02:53The IEA projects that coal, oil, and natural gas demand will peak this decade based on the currently stated policies of national governments.
05:41Global investment in clean energy is increasing, with a growth of 40% since 2020. This year, 500 GW of renewable energy generation capacity will be added worldwide.
06:10The US aims to have 50% of new car registrations as electric by 2030, contributing to a significant shift in transportation emissions.
09:47Achieving climate targets in India requires a 30% reduction in industrial CO2 emissions and a 25% reduction in emissions from passenger cars by 2030.
10:09Sub-Saharan Africa faces the challenge of meeting energy and climate targets. About 85% of new power generation needs to be based on renewables by 2030.
12:43The IEA emphasizes the need for bold action to end reliance on fossil fuels and address climate change. A global agreement to end the use of oil, coal, and gas is crucial.
