Next-generation technologies are vital for a successful energy transition, according to the World Economic Forum''s 2023 report Fostering Effective Energy Transition. As the energy transition gains momentum, attention is turning from renewable energy sources to the materials they are made from as a way to bolster decarbonization efforts.
Investment firm BlackRock has launched the Brown to Green Materials Fund aimed at investing in undervalued carbon-intensive companies that produce materials driving the energy transition. The fund targets industries such as metals, mining, cement, and construction, which account for more than 17% of global greenhouse gas emissions.
Fostering Effective Energy Transition 2023 is the latest in the Energy Report Series from the World Economic Forum in collaboration with Accenture. Read the complete report here.
Learn about energy transitions through stories from the World Economic Forum on shifting from fossil fuels to renewable energy sources for a sustainable future. Energy Transition Thought leadership, solutions and analysis on the world''s biggest challenges.
At the COP28 climate summit in late 2023, finding new sources of more sustainable power was rightly high on the agenda, with 118 governments pledging to triple the world''s renewable energy capacity by 2030.The initiative, led by the European Union, the United States of America and the United Arab Emirates, clearly links the tripling of renewable energy
Ensuring emerging countries can develop renewable energy projects is one element of the ''just transition'' to a world where global warming is no more than 1.5C above pre-industrial levels. Another aspect of that just transition is making sure that the phasing out of fossil fuels does not equal the phasing out of employment for millions of people currently working in industries
Countries across the world have reached record highs in their Energy Transition Index scores, the World Economic Forum''s Fostering Effective Energy Transition report for 2024 says. However, economic volatility, heightened geopolitical tensions and technological shifts have led to a slowdown in the pace of the transition.
Progress on the global energy transition has seen only "marginal growth" in the past three years, according to a World Economic Forum report. Fast and effective renewable energy innovation is critical to meeting climate goals. Here are five solutions that could
Finland is second to Sweden for renewable energy production in the EU, relying on hydro, wind power and biofuels to provide almost half of its energy requirements. Meanwhile, Latvia, Denmark, Estonia, Portugal and Austria all secured a third of their energy needs from renewable sources in 2022, the latest annual data from eurostat shows.
Top energy news: Energy efficiency progress is key for net zero; UK mulls geothermal for underinvested areas; India pauses proposals for new coal plants. Energy Transition ''World must double pace of progress on energy efficiency'', says IEA chief – plus other top energy stories this week
As the photovoltaic (PV) industry continues to evolve, advancements in renewable energy transition have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
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