International Energy Agency

The International Energy Agency (IEA) has published its “World Energy Outlook 2022” report. It expects the energy crisis triggered by Russia’s invasion of Ukraine to accelerate the global energy transition.

With the last incumbent to enter and leave the revolving door of UK prime ministers having caused alarm by reportedly preparing plans to effectively ban big solar on farmland, Harald Överholm, CEO of clean energy company Alight, says politicians need to put discredited arguments behind them and get on with the urgent business of shoring up energy security.

The International Energy Agency’s latest “Africa Energy Outlook” report says grids will need to be expanded, along with natural gas exploitation, if everyone in Africa is to have access to electricity by 2030. On the solar front, the document predicts a levelized cost of energy of $0.018/kWh to $0.049/kWh by 2030 – cheaper than wind power or gas.

CrossBoundary Energy Access (CBEA) has raised $25 million from ARCH Emerging Markets Partners, Bank of America, and Microsoft Climate Innovation Fund to finance the development of solar minigrids in Africa.  

The International Renewable Energy Agency’s latest annual report on the progress towards UN sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.

The Suiso Frontier cargo vessel docked at Victoria’s Port of Hastings on Friday to take on the world’s first shipment of liquid hydrogen. The ship’s arrival is a landmark for the Japanese-Australian Hydrogen Energy Supply Chain pilot project, which sees liquefied hydrogen generated from brown coal, and an engineering milestone in itself. But while the Australian government describes the product as “clean”, experts maintain that carbon capture and storage technology has proven only to be an expensive failure.

Advances in solar power and other clean energy technologies have failed to keep up with demand for electricity as economies rebound from the Covid crisis and China and India’s fossil fuel appetite will ensure the world stays well short of what is needed for a net zero 2050 for at least the next three years.

The Paris-based body expects the world will have installed almost 160 GW of solar this year, a record number, but still not enough to keep the prospect of a net zero global economy by mid century in sight.

Clean energy trade group the Canadian Renewable Energy Association has told policymakers CA$8 billion worth of solar and wind projects will be needed each year to decarbonize the electricity supply by 2035 and remove net emissions by mid century.

A report by the IEA laying out two routes for China to reach net zero attempts to persuade policymakers to gun for that goal by 2050, rather than ten years later, and dangles the prospect of continued global dominance as the main reward on offer.