Battery Storage Needs To Be Increased Six Times By 2030 To Meet Global Energy Demand Updated On Tue, Apr 30th, 2024 by Saurenergy After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to the latest International Energy Agency (IEA) report. Growth in battery outpaced almost all other clean energy technologies in 2023 as falling costs, […] Read more
Power Affordability Concern Among African Consumers Despite Accessibility: IEA Updated On Fri, Apr 5th, 2024 by Saurenergy A recent study by the International Energy Agency (IEA) on electricity consumption patterns in African countries showed that affordability trumps accessibility when it comes to consuming electricity in households. The study was conducted with the help of satellite to create a bundle of data to analyse which buildings had proper access to power and which […] Read more
Coal Behind Rise, CO2 Emissions Increases In 2023; Throttled By Clean Energy: IEA Updated On Tue, Mar 19th, 2024 by Saurenergy Total energy-related CO2 emissions increased by 1.1% in 2023. Far from falling rapidly – as is required to meet the global climate goals set out in the Paris Agreement – CO2 emissions reached a new record high of 37.4 Gt in 2023, according to the latest report by the International Energy Agency (IEA). The 1.1% […] Read more
Methane Emissions From Energy Sector Near Record High In 2023, Finds IEA Study Updated On Thu, Mar 14th, 2024 by Saurenergy Methane emissions from the energy sector remained near a record high in 2023 – but substantial policies and regulations announced in recent months, as well as fresh pledges stemming from the COP28 climate summit in Dubai, have the potential to put them into decline soon, according to new analysis from the International Energy Agency (IEA). […] Read more
New Building Regulation Code Reduces Heat Pumps Emission By 25%: IEA Study Updated On Tue, Jan 23rd, 2024 by Saurenergy International Energy Agency (IEA) report on, “The Evolution of Energy Efficiency Policy to Support Clean Energy Transitions” outlines the changing energy system and shows why traditional energy efficiency policies must evolve, globally, to ensure clean energy transitions. In response to the evolving energy landscape, the IEA analysis focuses on leveraging existing policy foundations. For instance, […] Read more
14 Trends That Drove Change In RE Within 2023: IEA Analysis Updated On Fri, Jan 12th, 2024 by Saurenergy The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […] Read more
Energy Efficiency In G20 Countries Increased By Four Percent: IEA Report Updated On Tue, Dec 5th, 2023 by Saurenergy A latest report of the International Energy Agency (IEA) on energy efficiency emphasized that a doubling of efficiency progress has the potential to reduce energy bills by one-third. It said that it has the potential to reduce carbon dioxide (CO2) emissions by 50% in 2030. The report underscores the pivotal role the G20 countries can […] Read more
Solar Capital Cost 11 Times Higher In Developing Countries: IEA Report Updated On Mon, Dec 4th, 2023 by Saurenergy A recent report by the International Energy Agency (IEA) finds that the cost of capital, required to make investment in solar energy in developing economies to be high. The report attributed this to the challenges such as, cost of capital in developing economies, less developed capital markets, fewer projects, and a lack of transparency around […] Read more
Top 5 Reasons Why India’s Power Demand Exceeded Projections Updated On Mon, Nov 20th, 2023 by Saurenergy India’s power demand has been rising steadily. The country’s higher than anticipated peak demand has been in the news, with peak demand touching a lifetime high of 223 GW in June 2023 when peak deficit touched 0.17 percent. As per the Load Generation Balance Report (LGBR) released by the Central Electricity Authority, the peak demand […] Read more
