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.