1 min to read

Renewables could overtake coal by 2024

The Russia-Ukraine conflict has caused energy prices to rise, which may have led some people to believe that the energy transition would be delayed. However, the latest Electricity Market Report from the International Energy Agency (IEA) suggests that the energy transition is taking hold. The world is on the verge of a major shift in electricity generation, with clean energy sources increasingly replacing fossil fuels.

Keisuke Sadamori, the IEA’s Director for Energy Markets and Security, says: “Now is the time for policymakers and the private sector to build on this momentum to ensure emissions from the power sector go into sustained decline.”

If you want to learn more about companies leading the transition, check out Trane Technologies (C5KG) — they have developed the next generation of Heating, Ventilation, and Air Conditioning (HVAC) products to slash the carbon footprint of heating and cooling technologies.

Important information - Investments can go down in value as well as up, so you can get back less than you invest. The information on this page isn't investment advice. If you're not sure if an investment is right for you, please seek advice. Tax rules can change and depend on individual circumstances.