IEA: Clean energy investment significantly outpaces fossil fuels


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Clean Energy Investment is surging as renewables, electric vehicles, grids, storage, and nuclear outpace fossil fuels, driven by energy security, affordability, and policies like the Inflation Reduction Act, the IEA's World Energy Investment report shows.

 

Key Points

Investment in renewables, EVs, grids, and storage now surpasses fossil fuels amid cost and security pressures.

✅ $1.7T to clean tech vs just over $1T to fossil fuels this year.

✅ For every $1 in fossil, about $1.7 goes to clean energy.

✅ Solar investment poised to overtake oil production spending.

 

Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns, underpinned by analyses showing renewables cheapest new power in many markets, triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the International Energy Agency's (IEA) latest World Energy Investment report.

About $2.8 trillion (€2.6 trillion) is set to be invested globally in energy this year, of which over $1.7 trillion (€1.59 trillion) is expected to go to clean technologies - including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to report.

The remainder, slightly more than $1 trillion (€937.7 billion), is going to coal, gas and oil, despite growing calls for a fossil fuel lockdown to meet climate goals.

Annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, with renewables breaking records worldwide over the same period.

But more than 90% of this increase comes from advanced economies and China, which the IEA said presents a serious risk of new dividing lines in global energy if clean energy transitions don’t pick up elsewhere.

“Clean energy is moving fast – faster than many people realise. This is clear in the investment trends, where clean technologies are pulling away from fossil fuels,” said IEA executive director Fatih Birol. “For every dollar invested in fossil fuels, about 1.7 dollars are now going into clean energy. Five years ago, this ratio was one-to-one. One shining example is investment in solar, which is set to overtake the amount of investment going into oil production for the first time.”

Led by solar, low-emissions electricity technologies are expected to account for almost 90% of investment in power generation, reflecting the global renewables share above 30% in electricity markets.

Consumers are also investing in more electrified end-uses. Global heat pump sales have seen double-digit annual growth since 2021. Electric vehicle sales are expected to leap by a third this year after already surging in 2022.

Clean energy investments have been boosted by a variety of factors in recent years, including periods of strong economic growth and volatile fossil fuel prices that raised concerns about energy security, and insights from the IRENA decarbonisation report that underscore broader benefits, especially following Russia’s invasion of Ukraine.

Furthermore, enhanced policy support through major actions like the US Inflation Reduction Act and initiatives in Europe's green surge, Japan, China and elsewhere have played a role.

In Ireland, more than a third of electricity is expected to be green within four years, illustrating national progress.

The biggest shortfalls in clean energy investment are in emerging and developing economies, the IEA added. It pointed to some bright spots, such as dynamic investments in solar in India and in renewables in Brazil and parts of the Middle East. However, investment in many countries is being held back by factors including higher interest rates, unclear policy frameworks and market designs, weak grid infrastructure, financially strained utilities and a high cost of capital.

"Much more needs to be done by the international community, especially to drive investment in lower-income economies, where the private sector has been reluctant to venture," according to the IEA.

 

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Wind Turbine Operations and Maintenance Industry Detailed Analysis and Forecast by 2025

Wind Turbine Operations and Maintenance Market is expanding as offshore and onshore renewables scale, driven by aging turbines, investment, UAV inspections, and predictive O&M services, despite skills shortages and rising logistics costs.

 

Key Points

Sector delivering inspection, repair, and predictive services to keep wind assets reliable onshore and offshore.

✅ Aging turbines and investor funding drive service demand

✅ UAV inspections and predictive analytics cut downtime

✅ Offshore growth offsets skills and logistics constraints

 

Wind turbines are capable of producing vast amounts of electricity at competitive prices, provided they are efficiently maintained and operated. Being a cleaner, greener source of energy, wind energy is also more reliable than other sources of power generation, with growth despite COVID-19 recorded across markets. Therefore, the demand for wind energy is slated to soar over the next few years, fuelling the growth of the global market for wind turbine operations and maintenance. By application, offshore and onshore wind turbine operations and maintenance are the two major segments of the market.

 

Global Wind Turbine Operations and Maintenance Market: Key Trends

The rising number of aging wind turbines emerges as a considerable potential for the growth of the market. The increasing downpour of funds from financial institutions and public and private investors has also been playing a significant role in the expansion of the market, with interest also flowing toward wave and tidal energy technologies that inform O&M practices. On the other hand, insufficient number of skilled personnel, coupled with increasing costs of logistics, remains a key concern restricting the growth of the market. However, the growing demand for offshore wind turbines across the globe is likely to materialize into fresh opportunities.

 

Global Wind Turbine Operations and Maintenance Market: Market Potential

A number of market players have been offering diverse services with a view to make a mark in the global market for wind turbine operations and maintenance. For instance, Scotland-based SgurrEnergy announced the provision of unmanned aerial vehicles (UAVs), commonly known as drones, as a part of its inspection services. Detailed and accurate assessments of wind turbines can be obtained through these drones, which are fitted with cameras, with four times quicker inspections than traditional methods, claims the company. This new approach has not only reduced downtime, but also has prevented the risks faced by inspection personnel.

The increasing number of approvals and new projects is preparing the ground for a rising demand for wind turbine operations and maintenance. In March 2017, for example, the Scottish government approved the installation of eight 6-megawatt wind turbines off the coast of Aberdeen, towards the northeast. The state of Maryland in the U.S. will witness the installation of a new offshore wind plant, encouraging greater adoption of wind energy in the country. The U.K., a leader in UK offshore wind deployment, has also been keeping pace with the developments, with the installation of a 400-MW offshore wind farm, off the Sussex coast throughout 2017. The Rampion project will be developed by E.on, who has partnered with Canada-based Enbridge Inc. and the UK Green Investment Bank plc.

 

Global Wind Turbine Operations and Maintenance Market: Regional Outlook

Based on geography, the global market for wind turbine operations and maintenance has been segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Countries such as India, China, Spain, France, Germany, Scotland, and Brazil are some of the prominent users of wind energy and are therefore likely to account for a considerable share in the market. In the U.S., favorable government policies are backing the growth of the market, though analyses note that a prolonged solar ITC extension could pressure wind competitiveness. For instance, in 2013, a legislation that permits energy companies to transfer the costs of offshore wind credits to ratepayers was approved. Asia Pacific is a market with vast potential, with India and China being major contributors aiding the expansion of the market.

 

Global Wind Turbine Operations and Maintenance Market: Competitive Analysis

Some of the major companies operating in the global market for wind turbine operations and maintenance are Gamesa Corporacion Tecnologica, Xinjiang Goldwind Science & Technologies, Vestas Wind Systems A/S, Upwind Solutions, Inc, GE Wind Turbine, Guodian United Power Technology Company Ltd., Nordex SE, Enercon GmbH, Siemens Wind Power GmbH, and Suzlon Group. A number of firms have been focusing on mergers and acquisitions to extend their presence across new regions.

 

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Alberta renewable energy surge could power 4,500 jobs

Alberta Renewable Energy Boom highlights corporate investments, power purchase agreements, wind and solar capacity gains, grid decarbonization, and job growth, adding 2 GW and $3.7B construction since 2019 in an open electricity market.

 

Key Points

Alberta's PPA-driven wind and solar surge adds 2 GW, cuts grid emissions, creates jobs, and accelerates private builds.

✅ 2 GW added since 2019 via corporate PPAs

✅ Open electricity market enables direct deals

✅ Strong wind and solar resources boost output

 

Alberta has seen a massive increase in corporate investment in renewable energy since 2019, and capacity from those deals is set to increase output by two gigawatts —  enough to power roughly 1.5 million homes. 

“Our analysis shows $3.7 billion worth of renewables construction by 2023 and 4,500 jobs,” Nagwan Al-Guneid, the director of Business Renewables Centre Canada, says. 

The centre is an initiative of the environmental think tank Pembina Institute and provides education and guidance for companies looking to invest in renewable energy or energy offsets across Canada. Its membership is made up of renewable energy companies.

The addition of two gigawatts is over two times the amount of renewable energy added to the grid between 2010 and 2017, according to the Canadian Energy Regulator. 

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“This is driven directly by what we call power purchase agreements,” Al-Guneid says. “We have companies from across the country coming to Alberta.”

So far this year, 191 megawatts of renewable energy will be added through purchase agreements, according to the Business Renewables Centre, as diversified energy sources can make better projects overall.

Alberta’s electricity system is unique in Canada — an open market where companies can ink deals directly with private power producers to sell renewable energy and buy a set amount of electricity produced each year, either for use or for offset credits. The financial security provided by those contracts helps producers build out more renewable projects without market risks. Purchasers get cheap renewable energy or credits to meet internal or external emissions goals. 

It differs from other provinces, many of which rely on large hydro capacity and where there is a monopoly, often government-owned, on power supply. 

In those provinces, investment in renewables largely depends on whether the company with the monopoly is in a buying mood, says Blake Shaffer, an economics professor at the University of Calgary who studies electricity markets. 

That’s not the case in Alberta, where the only real regulatory hurdle is applying to connect a project to the grid.

“Once that’s approved, you can just go ahead and build it, and you can sell it,” Shaffer says.

That sort of flexibility has attracted some big investments, including two deals with Amazon in 2021 to purchase 455 megawatts worth of solar power from Calgary-based Greengate Power. There are also big investments from oil companies looking to offset emissions.

The investments are allowing Alberta to decarbonize its grid, largely with the backing of the private sector. 

Shaffer says Alberta is the “renewables capital in Canada,” a powerhouse in both green and fossil energy by many measures.

“That just shocks people because of course their association with Alberta is nothing about renewables, but oil and gas,” Shaffer says. “But it really is the investment centre for renewables in the entire country right now.”

Alberta has ‘embarrassing’ riches in wind energy and solar power
It’s not just the market that is driving Alberta’s renewables boom. According to Shaffer there are three other key factors: an embarrassment of wind and solar riches, the need to transition away from a traditionally dirty, coal-reliant grid and the current high costs of energy. 

Shaffer says the strong and seemingly non-stop winds coming off the foothills of the Rockies in the southwest of the province mean wind power is increasingly competitive and each turbine produces more energy compared to other areas. The same is true for solar, with an abundance of sunny days.

“Southern Alberta and southern Saskatchewan have the best solar insolation,” he says. “You put a panel in Vancouver, or you put a panel in Medicine Hat, and you’re gonna get about 50 per cent more energy out of that panel in Medicine Hat, and they’re gonna cost you the same.”

The spark that set off the surge in investments wasn’t strictly an open-market mechanism. Under the previous NDP government, the province brought in a program that allowed private producers to compete for government contracts, with some solar facilities contracted below natural gas demonstrating cost advantages.

The government agreed to a certain price and the producers were then allowed to sell their electricity on the open market. If the price dropped below what was guaranteed, the province would pay the difference. If, however, the price was higher, the developers would pay the difference to the government. 

 

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The N.L. government is pushing the electric car but Labrador's infrastructure is lagging behind

Labrador EV Charging Infrastructure faces gaps, with few fast chargers; Level 2 dominates, fueling range anxiety for Tesla and Chevrolet Bolt drivers, despite rebates and Newfoundland's network linking St. John's to Port aux Basques.

 

Key Points

It refers to the current and planned network of Level 2 and Level 3 charging sites across Labrador.

✅ 2 public Level 2 chargers: Happy Valley-Goose Bay and Churchill Falls

✅ Phase 2: 3 fast chargers planned for HV-GB, Churchill Falls, Labrador City

✅ $2,500 rebates offered; rural range anxiety still deters buyers

 

Retired pilot Allan Carlson is used to crossing Labrador by air.

But he recently traversed the Big Land in an entirely new way, driving for hours on end in his electric car.

The vehicle in question is a Tesla Model S P100D, which Carlson says he can drive up to 500 kilometres on a full charge — and sometimes even a little more.

After catching a ferry to Blanc-Sablon, Que., earlier this month, he managed to reach Happy Valley-Goose Bay, over 600 kilometres away.

To get there, though, he had to use the public charging station in Blanc-Sablon. He also had to push the limits of what his car could muster. 

But more affordable mass-market electric vehicles don't have the battery power of a top-of-the-range Tesla, prompting the Big Land's first EV owner to wonder when Labrador infrastructure will catch up to the high-speed charging network recently unveiled across Newfoundland this summer.

Phillip Rideout, an electrician who lives in Nain, bought a Chevrolet Bolt EV for his son — the range of which tops out at under 350 kilometres, depending on driving patterns and weather conditions.

He's comfortable driving the car within Nain but said he's concerned about traveling to southern Labrador on a single charge.

"It's a start in getting these 14 charging stations across the island," Rideout said of Newfoundland's new network, "but there is still more work to be done."

The provincial government continues to push an electric-vehicle future, however, even as energy efficiency rankings trail the national average, despite Labradorians like Rideout feeling left out of the loop.

Bernard Davis, minister of environment and climate change, earlier this month announced that government is accepting applications for its electric-vehicle rebate program, as the N.W.T. EV initiative pursues similar goals.

Under the $500,000 program, anyone looking to buy a new or used EV would be entitled to $2,500 in rebates, an attempt by the provincial government to increase EV adoption.

But according to a survey conducted this year by polling firm Leger for the Canadian Vehicle Manufacturer's Association, 51 per cent of rural Canadians found a lack of fast-charging public infrastructure to be a major deterrent to buying an electric car, even as Atlantic EV interest lags overall, according to recent data.

While Newfoundland's 14-charger network, operated by N.L. Hydro and Newfoundland Power, allows drivers to travel from St. John's to Port aux Basques, and 10 new fast-charging stations are planned along the Trans-Canada in New Brunswick, Labrador in contrast has just two publicly available charging locations: one at the YMCA in Happy Valley-Goose Bay and the other near the town office of Churchill Falls.

This is the proposed second phase of additional Level 2 and Level 3 charging locations across Labrador. (TakeChargeNL)
These are slower, Level 2 chargers, as opposed to newer Level 3 charging stations on the island. A Level 2 system averages 50 kilometres of range per hour, and a Level 3 systems can add up to 250 kilometres within the same time frame, making them about five times faster.

Even though all of the fast-charging stations have gone to Newfoundland, MHA for Lake Melville Perry Trimper is optimistic about Labrador's electric future.

Trimper has owned an EV in St. Johns since 2016, but told CBC he'd be comfortable driving it in Happy Valley-Goose Bay.

He acknowledged, however, that prospective owners in Labrador might not be able to drive far from their home charging outlet. 

More promises
If rural skepticism driven by poor infrastructure continues, the urban population could lead the way in adoption, allowing the new subsidies to disproportionately go toward larger population centres, Davis acknowledged.

"Obviously people are not going to purchase electric vehicles if they don't believe they can charge them where they want to be or where they want to go," Davis said in an interview in early September.

Under the provincial government's Phase 2 proposal, Newfoundland and Labrador is projected to get 19 charging stations, with three going to Labrador in Happy Valley-Goose Bay, Churchill Falls and Labrador City, taking cues from NB Power's public network in building regional coverage.

Davis would not commit to a specific cutoff period for the rebate program or a timeline for the first fast-charging stations in Labrador to be built.

"At some point, we are not going to need to place any subsidy on electric vehicles," he said, "but that time is not today and that's why these subsidies are important right now."

Future demand 
Goose Bay Motors manager Joel Hamlen thinks drivers in Labrador could shift away from gas vehicles eventually, even as EV shortages and wait times persist.

But he says it'll take investment into a charging network to get there.

"If we can get something set up where these people can travel down the roads and use these vehicles in the province … I am sure there will be even more of a demand," Hamlen said.

 

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Canada, Germany to work together on clean energy

Clean Energy Transition spans hydrogen strategies, offshore wind and undersea cables, decarbonization pledges, and net-zero targets, including green vs blue hydrogen, carbon capture, sustainable aviation fuel, forest conservation, and wetland protection in Canadian policy.

 

Key Points

A shift to low-carbon systems via hydrogen, renewables, net-zero policies, carbon capture, and conservation.

✅ Hydrogen pathways: green vs blue with carbon capture

✅ Grid expansion: offshore wind and undersea cables in Japan

✅ Policy and corporate moves: net-zero, SAF, forests, wetlands

 

The Canadian federal government is set to sign a new agreement with Germany to strategize on a “clean-energy transition,” with clean hydrogen in Canada expected to be a key player the Globe and Mail reports.

“Germany is probably the world’s most interesting market for hydrogen right now, and Canada is potentially a very big power in its production,” Sabine Sparwasser, Germany’s ambassador to Canada, said in an interview.

However, some friction is expected as Natural Resources Minister Seamus O’Regan has been endorsing “blue” hydrogen, while Germany has been more interested in “green” hydrogen. The former hydrogen is produced from natural gas or other fossil fuels, while simultaneously “using carbon-capture technology to minimize emissions from the process.” In contrast, “green” hydrogen, is manufactured from non-fossil fuel sources, and cleaning up Canada's electricity is critical to meeting climate pledges.

“How the focus on blue hydrogen will be aligned with Canada’s goal of reaching climate neutrality by 2050 is not spelled out in detail,” says an executive summary of the report by the Berlin-based think tank and consultancy Adelphi. “As a result, the strategy seems to be more of a vision for the future of those provinces with large fossil fuel resources.”

According to an IEA report Canada will need more electricity to hit net-zero, underscoring the strategy questions.

 

Internationally

Japan is in talks to develop undersea cables that would bring offshore wind energy to Tokyo and the Kansai region, as the country hopes to more than quadrable its wind capacity from 10 gigawatts in 2030 to 45 gigawatts in 2040. The construction of the cables would cost about US$9.2 billion.

In Western Canada, bridging the electricity gap between Alberta and B.C. makes similar climate sense, proponents argue.

Approximately 80 per cent of that offshore power is expected to be built in Hokkaido, Tohoku, and Kyushu regions. The project is part of the country’s pledge to achieve decarbonization by 2050, according to BNN Bloomberg.

Meanwhile, Russia is falling behind in the world’s transition to clean energy.

“What’s the alternative? Russia can’t be an exporter of clean energy, that path isn’t open for us,” says Konstantin Simonov, director of the National Energy Security Fund, a Moscow consultancy whose clients include major oil and gas companies. “We can’t just swap fossil fuel production for clean energy production, because we don’t have any technology of our own.” Ultimately, natural gas will always be cheaper than renewable energy in Russia, Simonov added. This story also from BNN Bloomberg.

Finally, New Zealand’s Tilt Renewables Ltd., an electricity company, has announced it would be acquired by Powering Australian Renewables (PowAR) for NZ$2.94 billion (US$2.10 billion). PowAR is Australia’s largest owner of wind and solar energy, and the deal will give the energy giant access to Tilt’s 20 wind farms. Reuters has the story.

 

In Canada  

Air Canada has unveiled plans to fight climate change. Specifically, the airlines giant has committed to reducing greenhouse gases (GHG) by 20 per cent from flights by 2030, investing $50 million in sustainable aviation fuel (SAF), and ensuring net-zero emissions by 2050.

In other news, B.C. is facing mounting pressure to abstain from logging “old growth forests” while the government transitions to more sustainable forestry policies. A report titled A New Future for Old Forests called on the provincial government to act within six months to protect such forests in April 2020.

The province's Site C mega dam is billions over budget but will go ahead, the premier said, highlighting the energy sector's complexity.

Last September, the province announced, “it would temporarily defer old growth harvesting in close to 353,000 hectares in nine different areas.” The B.C. government will hold consultations with First Nations and other forestry stakeholders “to determine the next areas where harvesting may be deferred,” according to Forests Minister Katrine Conroy. The Canadian Press has more.

Separately, LNG powered with electricity could be a boon for B.C.'s independent power producers, analysts say.

Finally, Pickering Developments Inc. has come forward saying it will not “alter or remove the wetland” that was meant to house an Amazon facility, according to CBC News.

The announcement comes after CBC News’s previously reported that the Toronto and Region Conservation Authority (TRCA) was pressured to issue a construction permit to Pickering Developments Inc. by Doug Ford’s provincial government. However, on March 12, an official with Amazon Canada told CBC News that the company no longer wished to build a warehouse on the site.

“In light of a recent announcement that a new fulfilment centre will no longer be located on this property, this voluntary undertaking ensures that no work, legally authorized by that permit, will occur,” Pickering Development Inc. said in a statement provided to CBC Toronto.

 

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Europe's Green Surge: Renewables Soar, Emissions Plummet, but Challenges Remain

EU Renewable Energy Transition accelerates wind and solar growth, slashes fossil fuels and carbon emissions via the ETS, strengthens energy security with LNG diversification, and advances grid resilience toward 2030 climate targets.

 

Key Points

EU shift to wind, solar, and efficiency that cuts fossil fuels while boosting energy security and grid stability

✅ Fossil fuels at 29% of EU power in 2023, coal and gas down sharply

✅ Renewables hit 44% share; wind 18%, solar 9% and rising

✅ ETS, LNG diversification, and efficiency cut demand and emissions

 

Europe's energy landscape is undergoing a dramatic transformation, fueled by a surge in renewable energy and a corresponding decline in fossil fuel dependence. This shift, documented in both a report from the energy think tank Ember and the European Commission's State of the Energy Union report, paints a picture of progress, but also highlights the challenges that lie ahead on the path to a sustainable future.

 

Fossil Fuels Facing an Unprecedented Decline:

Fossil fuels dipped to their lowest point in recorded history, making up only 29% of EU electricity generation in 2023. This represents a significant 19% decrease in both fossil fuel generation and carbon emissions compared to 2022, exceeding even the reductions witnessed during the pandemic. Coal, the dirtiest fossil fuel, saw the steepest decline, dropping by 26%, while gas generation fell by 15%. This decline is attributed to a combination of factors, including:

Increased deployment of renewables: As renewable energy sources like wind and solar become more affordable and efficient, they are increasingly displacing fossil fuels in the energy mix.

Carbon pricing: The EU's Emissions Trading System (ETS) puts a price on carbon emissions, incentivizing generators to switch to cleaner sources of energy.

Geopolitical tensions: The war in Ukraine and subsequent sanctions on Russia have accelerated Europe's efforts to diversify its energy sources away from Russian fossil fuels across the bloc.


Renewables Ascending to New Heights:

Renewable energy is now the dominant force in the EU, as renewables surpassed fossil fuels in the power mix, contributing a record-breaking 44% of the electricity mix. Wind energy leads the charge, generating 18% of electricity – the equivalent of France's entire demand – and surpassing gas for the first time. Solar power also continues to grow, reaching a 9% share, as solar reshapes electricity prices in Northern Europe and hydropower recovered from its 2022 dry spell. This remarkable growth is driven by factors such as:

Favorable policy frameworks: The EU has set ambitious renewable energy targets and implemented supportive policies, including feed-in tariffs and auctions.

Technological advancements: Advancements in wind turbine and solar panel technologies have made them more efficient and cost-effective.
Public support: There is growing public support for renewable energy, driven by concerns about climate change and energy security.

Beyond generation, energy efficiency is playing a critical role in reducing overall energy demand. Electricity demand in the EU fell by 3.4% in 2023, thanks to factors such as improved building insulation and more efficient appliances.

 

EU on Track to Quit Russian Fossil Fuels:

The report underscores Europe's progress in reducing dependence on Russian fossil fuels. Imports of Russian gas have plummeted to 40-45 billion cubic metres, compared to a staggering 155 bcm in 2021. This represents a remarkable 70% reduction in just one year. This shift has been achieved through a combination of increased LNG imports, diversification of gas suppliers, and accelerated deployment of renewable energy sources.

Overall greenhouse gas emissions decreased by 3% in 2022, putting the EU on track to achieve its ambitious 55% reduction target by 2030. These achievements demonstrate the EU's commitment to climate action and its ability to respond decisively to geopolitical challenges.

 

Success, But Not Complacency:

Despite the positive developments, the Commission warns against complacency. Energy markets remain volatile, fossil fuel subsidies are rising in some countries, and critical infrastructure vulnerabilities persist, while some advocates call for a fossil fuel lockdown to accelerate the transition. The bloc needs to accelerate renewable energy expansion to reach the legally binding 42.5% target by 2030. Additionally, ensuring affordability and security of energy supply will be crucial to maintaining public support for the transition.

 

Challenges and Opportunities:

While some countries like Denmark, Finland, and the Netherlands fall short of EU climate and energy goals, others like Spain, Portugal, and Belgium showcase success with renewables. The Commission is taking action with a plan to support the wind industry, where investments in European wind continue, even as it faces challenges from high inflation and increasing competition from China. Additionally, ensuring timely updates to national energy and climate plans is crucial for achieving the EU's overall objectives.

 

NGOs Urge Faster Action:

NGOs like the Climate Action Network (CAN) express concern about the adequacy of national plans, highlighting the gap between ambition and concrete action. They urge member states to accelerate efforts to meet the 2030 targets and avoid a "lost decade" in climate action. CAN emphasizes the need for more ambitious national energy and climate plans, increased investment in renewables, and accelerated energy efficiency measures.

Europe's energy transition is progressing rapidly, with renewables taking center stage and emissions declining. However, significant challenges remain, necessitating continued commitment, national-level action, and a focus on affordability, security, and sustainability. As 2030 approaches, Europe's green surge must translate into concrete results to secure a climate-neutral future.

 

Looking ahead, several key areas will define the success of Europe's energy transition:

  • Accelerating renewable energy deployment: The EU needs to maintain its momentum in building wind, solar, and other renewable energy sources. This requires sustained clean energy investment, streamlined permitting processes, and addressing grid integration challenges.
  • Ensuring affordability and security of supply: The energy transition must be just and inclusive, ensuring that energy remains affordable for all citizens and businesses. Additionally, diversifying energy sources and enhancing grid resilience are crucial to guarantee energy security.
  • Enhancing energy efficiency: Reducing energy demand remains crucial to achieving climate goals and reducing reliance on fossil fuels. This requires continued investments in building energy efficiency, promoting energy-efficient appliances and technologies, and encouraging behavioral changes.
  • International cooperation: Climate change and energy security are global challenges. The EU must continue to lead by example as renewables exceed 30% globally and collaborate with other countries on technological advancements, policy innovations, and financial support for developing nations undergoing their own energy transitions.

Europe's green surge is a testament to its ambition and collective action. By addressing the remaining challenges and seizing the opportunities ahead, the EU can pave the way for a sustainable and secure energy future for itself and the world.

 

 

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YVR welcomes government funding for new Electric Vehicle Chargers

YVR EV Charging Infrastructure Funding backs new charging stations at Vancouver International Airport via ZEVIP and CleanBC Go Electric, supporting Net Zero 2030 with Level 2 and DC fast charging across Sea Island.

 

Key Points

A federal and provincial effort to expand EV charging at YVR, accelerating airport electrification toward Net Zero 2030.

✅ Up to 74 new EV charging outlets across Sea Island by 2025

✅ Funded through ZEVIP and CleanBC Go Electric programs

✅ Supports passengers, partners, and YVR fleet electrification

 

Vancouver International Airport (YVR) welcomes today’s announcement from the Government of Canada, which confirms new federal funding under Natural Resource Canada’s Zero Emission Vehicle Infrastructure Program (ZEVIP) and broader zero-emission vehicle incentives for essential infrastructure at the airport that will further enable YVR to achieve its climate targets.

This federal funding, combined with funding through the Government of British Columbia’s CleanBC Go Electric program, which includes EV charger rebates, will support the installation of up to 74 additional Electric Vehicle (EV) Charging outlets across Sea Island over the next three years. EV charging infrastructure is identified as a key priority in the airport’s Roadmap to Net Zero 2030. It is also an important part of its purpose in being a Gateway to the New Economy.

“We know that our passengers’ needs and expectations are changing as EV adaptation increases across our region and policies like the City’s EV-ready requirements take hold, we are always working hard to anticipate and exceed these expectations and provide world-class amenities at our airport,” said Tamara Vrooman, President & CEO, Vancouver Airport Authority.

This airport initiative is among 26 projects receiving $19 million under ZEVIP, which assists organizations as they adapt to the Government of Canada’s mandatory target for all new light-duty cars and passenger trucks to be zero-emission by 2035, and to provincial momentum such as B.C.'s EV charging expansion across the network.

“We are grateful to have found partners at all levels of government as we take bold action to become the world’s greenest airport. Not only will this critical funding support us as we work to the complete electrification of our airport operations, and as regional innovations like Harbour Air’s electric aircraft demonstrate what’s possible, but it will help us in our role supporting the mutual needs of our business partners related to climate action,” Vrooman continued.

These new EV Charging stations are planned to be installed by 2025, and will provide electricity to the YVR fleet, commercial and business partners’ vehicles, as well as passengers and the public, complementing BC Hydro’s expanding charging network in southern B.C. Currently, YVR provides 12 free electric vehicle charging stalls (Level Two) at its parking facilities, as well as one DC fast-charging stall.

This exciting announcement comes on the heels of the Province of BC’s Integrated Marketplace Initiative (IMI) pilot program in November 2022, a partnership between YVR and the Province of British Columbia to invest up to 11.5 million to develop made-in-BC clean-tech solutions for use at the airport, and related programs offering home and workplace charging rebates are accelerating adoption.

 

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