• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
BREAKING: Fossil Fuels Fall 25% by 2030, Renewables ‘Keep the Path Open’ in IEA Net-Zero Update September 26, 2023
Green Space Groups Gear for Bigger Fights After Ontario Reverses Greenbelt Land Grab September 25, 2023
Community-Driven Solutions Can Take Back Ontario’s Electricity Future: Torrie September 25, 2023
‘Apex Oil and Gas Lobby’ Undercuts Canadian Sovereignty, Laxer Tells Foreign Influence Probe September 25, 2023
Momentum Builds Toward COP 28 as Countries Back Fossil Fuel Phaseout September 25, 2023
Next
Prev

IEA’s Birol Urges Power Sector to Double Renewable Energy Investment

January 27, 2017
Reading time: 1 minute

Friends of Europe/Flickr

Friends of Europe/Flickr

 
Friends of Europe/flickr

The electricity sector will have to double its renewable energy investment to meet the goals in the Paris Agreement, International Energy Agency Executive Director Fatih Birol said last week during Abu Dhabi Sustainability Week.

Renewable energy is becoming cheaper,” Birol said. “Our numbers at the IEA give us a lot of hope,” with renewables accounting for more than half of the new electricity generating capacity installed last year.

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

Those numbers show “that renewables is not a romantic story any more, it’s a business.” But out of the $1.8 trillion available to the global power sector, “I’m afraid only 16% of that went on renewables and energy efficiency,” he said. “The rest goes mainly on oil and gas and other energy sources. In order to reach the targets that we agreed in Paris, we need renewables.”

Birol stressed the need for investment in energy efficiency alongside renewables, and highlighted nuclear generation and natural gas as energy sources that will also play a continuing role. “It would be wrong to tell the world about just one single fuel,” he said. “We need to provide a package according to the need.”



in Climate & Society, Community Climate Finance, Demand & Distribution, Demand & Efficiency, Fossil Fuels, General Renewables, Heat & Power, International Agencies & Studies, Nuclear, Oil & Gas, Renewable Energy

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Jason Blackeye/Unsplash
International Agencies & Studies

BREAKING: Fossil Fuels Fall 25% by 2030, Renewables ‘Keep the Path Open’ in IEA Net-Zero Update

September 26, 2023
1
Duffins Agriculture Preserve/North Country House Media via Greenbelt Foundation
Ontario

Green Space Groups Gear for Bigger Fights After Ontario Reverses Greenbelt Land Grab

September 25, 2023
6
UNDP/flickr
Heat & Power

Community-Driven Solutions Can Take Back Ontario’s Electricity Future: Torrie

September 26, 2023
8

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Cullen328/wikimedia commons

Manufactured Housing Could Dent the Affordable Housing Crunch with Energy-Efficient Designs

September 20, 2023
276
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
658
UN Climate Change/flickr

Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 24, 2023
461
/Piqusels

‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak

September 19, 2023
503
Rewat Wannasuk/Pexels

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
121
Mark Dixon/wikimedia commons

Hundreds of Thousands March in Global Climate Strike

September 19, 2023
128

Recent Posts

Jason Blackeye/Unsplash

BREAKING: Fossil Fuels Fall 25% by 2030, Renewables ‘Keep the Path Open’ in IEA Net-Zero Update

September 26, 2023
1
Duffins Agriculture Preserve/North Country House Media via Greenbelt Foundation

Green Space Groups Gear for Bigger Fights After Ontario Reverses Greenbelt Land Grab

September 25, 2023
6
UNDP/flickr

Community-Driven Solutions Can Take Back Ontario’s Electricity Future: Torrie

September 26, 2023
8
Wilson Hui/flickr

‘Apex Oil and Gas Lobby’ Undercuts Canadian Sovereignty, Laxer Tells Foreign Influence Probe

September 26, 2023
10
United Nations/Twitter

Momentum Builds Toward COP 28 as Countries Back Fossil Fuel Phaseout

September 26, 2023
11
UniEnergy Technologies/wikimedia commons

Multi-Day Storage Can Deliver Cheaper Grid Reliability, Battery Maker Says

September 25, 2023
9
Next Post

May urged to melt Trump's climate doubts

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}