"The rebound in energy investment is a welcome sign, but much greater resources have to be mobilised and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050"

Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning to pre-crisis levels, its composition is continuing to shift towards electricity: 2021 is on course to be the sixth year in a row that investment in the power sector exceeds that in traditional oil and gas supply, according to the World Energy Investment 2021 report.

Global power sector investment is set to increase by around 5% in 2021 to more than USD 820 billion, its highest ever level, after staying flat in 2020. Renewables are dominating investment in new power generation capacity and are expected to account for 70% of the total this year. And that money now goes further than ever in financing clean...

The Library brings together, in one digital space, documents, reports, and studies from CEM and MI members and collaborating organizations. This online repository of knowledge and expertise is unique to this Ministerial and represents a valuable resource for everyone in the international clean energy and innovation community.

The Clean Energy Ministerial Investment and Finance initiative (CEM-IF) is hosting a launch event for the IEA’s World Energy Investment 2021 report and a discussion on financing clean energy transitions.

There is an urgent need to unleash major new clean energy investments to put the world on track to meet the goals of the Paris Agreement and eventually achieve net-zero emissions. In order to avoid higher emissions from rising energy demand across the globe, this new investment will be required at scale in both advanced and emerging economies. Public sector support in fostering clean energy is critical to lead market dynamics, provide clear policy signals and play a catalysing role for private sector investment.

This year’s edition of the World Energy Investment report presents the latest data and analysis of how energy investment flows are recovering from the shock of the Covid-19 pandemic, including full-year estimates of the outlook for...

"The rebound in energy investment is a welcome sign, but much greater resources have to be mobilised and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050"

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The International Energy Agency is inviting input from people around the world on ways government can make their clean energy policies more inclusive and equitable in order to maximise the benefits for the public. The contributions will help to inform the work of the Global Commission for People-Centred Clean Energy Transitions.

Take the survey here.

Established earlier this year and headed by Prime Minister Mette Frederiksen of Denmark, the Global Commission now has 29 members, including national leaders, ministers, top business executives and global thought leaders. They are examining how to enable citizens to benefit from the opportunities and navigate the disruptions inherent in the shift to a clean energy economy. The Commission will produce key recommendations in advance of COP26 in November.

As part of its activities, the Commission will host its first public webinar on 10 June at 14:00 CEST on the subject of Policies for People –...

The Clean Energy Ministerial Investment and Finance initiative (CEM-IF) is hosting a launch event for the IEA’s World Energy Investment 2021 report and a discussion on financing clean energy transitions.

There is an urgent need to unleash major new clean energy investments to put the world on track to meet the goals of the Paris Agreement and eventually achieve net-zero emissions. In order to avoid higher emissions from rising energy demand across the globe, this new investment will be required at scale in both advanced and emerging economies. Public sector support in fostering clean energy is critical to lead market dynamics, provide clear policy signals and play a catalysing role for private sector investment.

This year’s edition of the World Energy Investment report presents the latest data and analysis of how energy investment flows are recovering from the shock of the Covid-19 pandemic, including full-year estimates of the outlook for 2021. It...

Modern and sustainable forms of bioenergy play an important role in our new special report on how the global energy sector can reach net-zero emissions by 2050, which also examines bioenergy’s advantages and limitations in efforts to address climate change by limiting the rise in global temperatures to 1.5 °C.

Bioenergy is a versatile renewable energy source that can be used in all sectors, and it can often make use of existing transmission and distribution systems and end-user equipment. But there are constraints on expanding the supply of bioenergy, and possible trade-offs with sustainable development goals, including avoiding conflicts at local level with other uses of land, notably for food production and biodiversity protection.

To navigate these risks, our Roadmap to Net Zero by 2050 combined for the first time the IEA’s global energy system modelling with the International Institute for Applied Systems Analysis (IIASA)’s Global Biosphere Management...

The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how energy is produced, transported and used globally, the International Energy Agency said in a landmark special report released today.

Climate pledges by governments to date – even if fully achieved – would fall well short of what is required to bring global energy-related carbon dioxide (CO2) emissions to net zero by 2050 and give the world an even chance of limiting the global temperature rise to 1.5 °C, according to the new report, Net Zero by 2050: a Roadmap for the Global Energy Sector.

The report is the world’s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth. It sets out a cost-effective and economically productive pathway,...