📉 A historic milestone in the #EnergyTransition:
In 2024, for the first time on record, there were no new steam turbine orders for coal-fired power plants in advanced economies.
A clear signal of shifting investment trends.
🔍 From @iea.org’s latest #WorldEnergyInvestment report.
NEW | World surpasses 40% clean power in 2024, driven by a RECORD rise in renewables 📈
Solar has DOUBLED in just three years, remaining the world’s fastest-growing source of new electricity and the engine of the energy transition ⚡
ember-energy.org/lat...
#GER2025
Trump's push to revive coal ignores the economic reality. The new #BoomandBust report shows he failed to bring coal back in his first term—retirements actually increased after Obama. This time round, clean energy alternatives are even cheaper: globalenergymonitor.org/report/boom-and-bust-coal-2025/
Solar is quickly becoming the cheapest source of electricity & will fundamentally change the energy system.
This paper argues that solar will be cheapest source of electricity around the world. Surprisingly this is AFTER including short- & long-term storage costs.
www.nature.com/articles/s41...
gas responsible for most of the rise in energy emissions
Just saying this again because it's important: fossil gas was responsible for the biggest chunk of the rise in emissions in the energy sector from 2023 to 2024
Gas is a fossil fuel and a pollutant: dumping it and burning it causes suffering and death to living things
[note the truncated y axis]
NEW: Official advisers CCC say UK shld cut emissions 87% by 2040
⚖️Net cost of net-zero 73% less than thought
💷Total cost to 2050 = £108bn (~£4bn/yr, 0.2% GDP)
🏡🚗H’hold energy/fuel bills to fall £1,400
🔌Electrification is key
THREAD + charts
www.carbonbrief.org/...
1/10
UK net zero economy grows 10% in a year, finds new report
Sector “critical” to Government’s growth agenda.
Interesting framing from the Times - backsliding doesn't inspire confidence #BP
A funny thing happened between 2020 and 2025. The UK's cost to reach net zero fell by 75%. The net cost is a mere 0.2% of GDP or about £4 billion per year, after accounting for the savings from energy efficiency and falling fossil fuel consumption.
Free to read: www.bloomberg.com/news/article...