Tag: International Renewable Energy Agency (IRENA)
The Fire Horse Energy Transition & Creative Destruction
Joseph Schumpeter wrote that creative destruction is the essential fact about capitalism. He was not describing a gentle process. He was describing waves of innovation that dismantle capital stock, reprice assets, and reorganize entire industries. In the Chinese zodiac, the Year of the Fire Horse we have just entered symbolizes … [continued]
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You’d Really Miss Renewables This Winter If They Weren’t Available
Solar and wind power have a lot going for them. They ease global warming stress and its climate consequences. They don’t cost as fossil fuels at utility scale, and they’re a lot less harmful to people’s health than fossil fuels. Of all of these reasons to favor solar and wind … [continued]
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IRENA Chief Highlights Renewable Surge and Dismisses Doubts on Energy Transition
The first day of the Singapore International Energy Week (SIEW) saw Francesco La Camera, the Director General of the International Renewable Energy Agency (IRENA), delivering a resolute address, emphasizing the unprecedented dominance of renewables in new energy projects and firmly asserting that the global energy transition is accelerating, not faltering. … [continued]
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A Moment Of Opportunity To Embrace Renewables: It’s Smart Economics
Smart economics is the driving factor for global renewable adoption. That is the argument behind a recent speech titled “A Moment of Opportunity” from UN Secretary General António Guterres. Describing how “we are on the cusp of a new era” of powering our lives, Guterres celebrates how the precipitous drop … [continued]
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92.5% of New Power Capacity Added Worldwide in 2024 Was from Renewables
How much is renewable energy dominating new power capacity worldwide? That’s how much! 92.5% of new power capacity added to the grid in 2024 came from renewable energy sources. This is not even a competition anymore. And that’s great, because we’re still running behind schedule when it comes to decarbonizing … [continued]
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