Energy plays a key in role in ensuring reliable supplies of water, helping extract it, treat it & deliver it to citizens

Our commentary looks at the relationship between these interdependent resources & how energy can help ease the water crisis ➡️ iea.li/3vKe75D

In 2023, clean energy added around $320 billion to the world economy – accounting for 10% of global GDP growth.

In a new commentary, IEA analysts highlight how clean energy is becoming a powerful force for global economic growth.

Read more ➡️ iea.li/3Q7surq

New International Energy Agency analysis: Clean energy accounted for 10% of global GDP growth in 2023.

In the EU and China, it was over 30% and 20% respectively.

This growth comes from manufacturing, deployment and equipment sales.

Analysis by Laura Cozzi, Timur Gül, Thomas Spencer and Peter Levi

A great pleasure to meet with Ministry of New and Renewable Energy (MNRE) Secretary Bhalla & Ambassador Sunjay Sudhir

Excellent exchange on further deepening International Energy Agency-🇮🇳 cooperation, advancing the goal of tripling renewables by 2030 – adopted under 🇮🇳's G20 Presidency & at COP28 – & financing energy transitions

New first-of-its-kind analysis from International Energy Agency shows the major contributions clean energy is making to the world economy

In 2023, it accounted for 10% of global GDP growth, adding around $320 billion to economic output

Learn more in our new commentary ➡️ iea.li/4d2594b

Electricity prices were generally lower in 2023 than in 2022.

But they varied widely by region, affecting economic competitiveness.

Despite a 50% drop, prices for energy-intensive industries in the EU in 2023 were almost double those in the US & China ➡️ iea.li/3UivPGH

The transformation of the world's power sector means clean sources are set to meet all the increase in global electricity demand in the next 3 years

This is mainly due to huge growth in renewables, but also nuclear's rebound to a historic high in 2025 → iea.li/3UiFCwh

Delighted to speak at the #WFES Pathways to 1.5C Summit, hosted by Masdar, on implementing the #UAEConsensus

International Energy Agency will work with countries to track progress on the delivery of COP28 outcomes, including tripling renewables, doubling energy efficiency & cutting methane emissions

Electricity use per capita in India & Southeast Asia has risen rapidly. But it has barely changed in Africa for over 30 years.

Scaling up reliable, affordable & clean electricity supply & grids is key to reach Africa's energy access & development goals ➡️ iea.li/3UgstUy

Low-emissions sources of electricity, led by solar, are on track to make up almost half of global generation by 2026, up from just under 40% in 2023

This is expected to push power sector emissions into structural decline in the coming years

Read more → iea.li/3UjsWW8

Global electricity demand is set to grow strongly in the years ahead

Most demand growth is in emerging economies, led by China, India & Southeast Asia

But EVs, heat pumps & data centres are pushing up electricity use in advanced economies as well → iea.li/3VVC18T

The energy world will look very different by 2030, even under today's policy settings

🚗 Nearly 10 times as many electric cars
☀️ Renewables = 80% of new power
⚡️ Electric heating outselling fossil fuel boilers
🏭 Fossil fuel demand has peaked

More ➡️ iea.li/3TXUy1z

Solar PV is lighting a path forward for clean energy

By 2030, the world is set to have far more manufacturing capacity for solar PV than it is deploying, based on today's policies settings

This offers an opportunity to speed up clean energy transitions: iea.li/3Q3T5pA

Accelerating the deployment of innovative clean energy technologies is key to reaching net zero emissions goals

Our new joint report examines the role of high-quality carbon credits in scaling up solutions like low-emissions fuels & direct air capture ⬇️ iea.li/3U3gzfH

The shift to net zero will support the new emerging global energy economy - opening industrial opportunities across clean energy supply chains

If all announced projects are realised, solar PV manufacturing more than meets the needs in 2030 on our pathway: iea.li/43ZeOVi

Reaching #NetZero requires stronger action this decade, based on proven & often cost-effective solutions:

✅ Tripling renewable capacity
✅ Doubling energy efficiency
✅ Cutting methane by 75%

In our pathway, fossil fuel demand falls by over 25% by 2030: iea.li/3vS9FSm

🗣 “Most regions with an electricity access deficit still lack data from utilities on which buildings & communities are electrified”

Our recent commentary highlights how geospatial mapping tools can reduce the burden of energy access planning in Africa 👉 iea.li/3vVQJ55

🗣 “How do we make sure that climate action is not something that’s done ‘for’ or ‘to’ Africa, but ‘by’ & ‘with’ the folks who are over there looking to build the industries of the future?”

More from James Irungu Mwangi in this Everything Energy Talk 👉 iea.li/3vTfY83

💡“Europe needs a new industry master plan. This is the number one priority for the next European Commission.”

⚡️What a privilege to host Fatih Birol, International Energy Agency Executive Director for a keynote address in the context of the IBERDROLA Manuel Marin Energy Chair’s annual conference!

A pleasure to join Rector Federica Mogherini at the College of Europe today to deliver a lecture on Europe's role in the global clean energy transition

I highlighted that a new industrial masterplan is vital for Europe to compete globally & to be on track for its energy & climate goals