COP29 summit to propose 1,500 GW energy storage target by 2030

Image: Shutterstock

This year's United Nations-backed climate change conference could adopt a target to increase worldwide energy storage capacity more than sixfold to 1,500 GW by 2030. To achieve thi...

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BP buys 49 percent, assumes ownership, of Oman green hydrogen project Hyport Duqm

Image: Shutterstock

BP has acquired 49 percent in Oman's Hyport Duqm green hydrogen project, the UK oil and gas company announced while revealing quarterly financial results. "On June 13, BP signed an...

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Grids risks becoming a bottleneck in the clean energy transition; reforms needed says IEA

Electricity grids have long served as the backbone of the economy but the success of clean energy transition globally hinges on modernizing and expanding the existing gri...

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RE will exceed 33 percent of global power next year, India's consumption growth to slow

India will require more power than Japan and Korea combined from 2024, the IEA estimates. Image: Pexels

India's energy consumption will grow at a slower rate over the coming years, estimates from the International Energy Agency suggest. Demand growth is expected to result from an inc...

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Completion of critical mineral projects will ensure enough supply to meet global climate pledges: IEA

The global market for critical minerals such as lithium, cobalt, nickel and copper has doubled in the last five years, but the world will have enough supply to meet national climat...

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Renewables will save Europe €100 billion in energy costs, says International Energy Agency

Europe is saving almost €100 billion thanks to its renewables capacity, and could have saved even more had the bloc pursued clean sources more aggressively, according to analysis f...

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Global EV Outlook 2023 projects yet another record-break year for global electric car sales

Electric cars have finally made inroads into the global auto industry. Constituting nearly one-fifth of the global car market, the share of electric cars will reach 18% in 2023 fro...

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