Our new India Energy Outlook is out!

India is set to see the largest rise in energy demand of any country in the next 20 years. How it meets this increase will have major consequences for its people, its economy and global energy & climate trends.

More: iea.li/36Wou6B
India has made stunning progress in recent years, bringing electricity to vast numbers of people & rapidly expanding solar & other renewables

The @IEA report shows India now has a huge opportunity to develop its economy further while avoiding the high-carbon path taken by others
More than any other major economy, India’s energy future depends on buildings & factories yet to be built, and vehicles & appliances yet to be made

Based on India’s current policy settings, nearly 60% of its CO2 emissions in the late 2030s come from things that don’t exist today
India faces a range of evolving energy security challenges.

Based on today’s policy settings, its combined import bill for fossil fuels is projected to triple over the next 20 years, with oil by far the largest component.

Read more ➡️ iea.li/3rzsYIh
Strongly expanding clean energy in India can move it toward lasting prosperity & greater energy security.

It’s a massive project requiring big leaps in innovation & extra investment of $1.4 trillion over the next 20 years. But it would save a similar sum on 🇮🇳's oil import bills
The stakes could not be higher, for India and for the world. All roads to successful global clean energy transitions go via India.

Through our deepening relationship, @IEA is committed to supporting India as it makes its sovereign choices on how to build a brighter energy future
For more insights from @IEA’s new India Energy Outlook 2021, join me and lead author @tgouldao at our livestreamed launch event at 10am CET / 2:30pm IST: iea.li/39YnoJr

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More from @IEABirol

10 Nov 20
Renewables 2020 is out!

This new @IEA report shows renewable power is still growing strongly despite the Covid crisis – unlike all other fuels.

Renewable electricity generation will rise 7% in 2020, & capacity additions will set records this year & next iea.li/2Ijuop4
After a 4% rise in renewable capacity in 2020 driven by 🇨🇳 & 🇺🇸, @IEA forecasts that additions will jump 10% in 2021, led by 🇮🇳 & 🇪🇺

This would be the fastest rate of growth since 2015, but policy action is needed to keep up momentum into 2022

Read more: iea.li/2IqAUKM
The bright prospects of the sector are reflected by continued strong appetite from investors.

This is made clear by shares of solar & wind energy companies outperforming the rest of the energy sector, and by the record level of renewable power capacity auctioned in 2020.
Read 9 tweets
13 Oct 20
The World Energy Outlook 2020 is out!

It shows how the Covid crisis has brought deep disruption & uncertainty to the energy sector.

Whether it helps or hinders clean energy transitions will depend on how the pandemic plays out & how governments respond: iea.li/3dpw9wb
Solar is becoming the new king of the world’s electricity markets, leading the renewables charge.

It is set to triple before 2030 under today’s policy settings & has the potential to grow much faster, followed by onshore & offshore wind.

More on #WEO20: iea.li/34Pxfh5
There's lots of talk about peak oil demand, but it misses the point.

#WEO20 shows that the era of global oil demand growth will end in the next decade. But without a big shift in government policies, there's no sign a rapid decline is coming.

More ➡️ iea.li/3iTW5Bp
Read 8 tweets
10 Sep 20
New from @IEA: Energy Technology Perspectives 2020!

It shows we need to scale up clean technologies sharply to meet energy & climate goals.

The transition of the power sector can only get us 1/3 of the way there. Other sectors are key.

👉 iea.li/3ihVOsi
The rise of solar, wind & batteries is cause for optimism, but big challenges remain.

A huge one is emissions from inefficient coal power plants, heavy industries & other existing infrastructure around the world – mostly in emerging Asia.

Read more: iea.li/35ra6Dp
Heavy industry has lots of long-lived assets like steel mills, cement kilns & chemical plants. In emerging Asia, many are still young.

Technologies like hydrogen & CCUS will be crucial to tackle emissions from these facilities, but we need to move quick to get them ready in time
Read 6 tweets
2 Jul 20
Our special report on clean energy innovation is out!

It shows the stark disconnect between aims for deep cuts in emissions & the current state of energy technologies.

Achieving global energy & climate goals requires a big acceleration in innovation ➡️ iea.li/31Ilitk
Energy efficiency & renewables are fundamental for clean energy transitions.

But about 1/3rd of the CO2 emissions reductions needed to move the 🌍 onto a sustainable path would come from technologies that haven’t yet reached the market today.

More ➡️ iea.li/2ZssCa3
Our new report – the 1st in @IEA’s revamped Energy Technology Perspectives series – examines how to speed up innovation to meet energy & climate goals while enhancing energy security

This includes a guide to the status of 400+ clean energy technologies ➡️ iea.li/38jq6qx
Read 6 tweets
18 Jun 20
Today, @IEA is presenting a Sustainable Recovery Plan for the next 3 years that would enable governments to boost economic growth, create millions of jobs & make 2019 the definitive peak in global emissions.

Our new report based on analysis with @IMFNews: iea.li/2YImM3O
Our Sustainable Recovery Plan offers a roadmap to achieve major results, including:

1️⃣ Add 1 percentage point to global GDP growth each year
2️⃣ Save or create roughly 9 million jobs a year
3️⃣ Make 2019 the definitive peak in global emissions

Read more ➡️ iea.li/37D6JIC
Based on analysis of over 30 specific policy actions & targeted investments, our Sustainable Recovery Plan would create jobs in key areas including:

☀️ Deploying renewables like wind & solar
🏘️ Improving energy efficiency in buildings
⚡️ Upgrading & expanding electricity grids
Read 6 tweets
30 Apr 20
The #Covid19 pandemic is the biggest shock to the global energy system in over 70 years.

Global energy demand is set to fall 6% in 2020, seven times greater than the drop in the wake of the 2009 crisis.

@IEA’s new Global Energy Review has more → iea.li/2YhHb0Z

THREAD
Coal is set for the largest decline since WWII alongside sharp reductions for oil & gas.

Nuclear power is less affected, while renewables are the only energy source on the rise in 2020, thanks to priority access to grids & low operating costs.

Read more: iea.li/3d6QFR7
Global electricity demand is set to fall by 5% in 2020 – the biggest decline since the Great Depression. The largest drops are in the EU & US.

Electricity has been essential for coping with the pandemic. Greater investments, including in grids, are needed to keep supplies secure
Read 6 tweets

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