This heat pump roll out from Screwfix has to be one of the biggest in the UK. businessgreen.com/news/4203976/s…

BREAKING | #G7 backs global goals on 3x renewables and 6x storage but fails to set ambitious collective targets.

Within the #G7 we’ve agreed first steps for implementing the #COP28 decisions (incl global renewables goals where G7 led the way last year) – laying groundwork for decisions & actions that accelerate climate action & investment in our partnerships, at #COP29 & in the #G20 . 🧵1/7

📢The G7 has just agreed to phase out coal power by the early 2030s - almost all members are already taking major steps to achieve this goal by 2030, in alignment with 1.5°C pathways.

This is big step for Japan, the only #G7 country without a domestic coal phaseout commitment.

Global electric car sales are on track to grow strongly again this year, reaching about 17 million

With more than 1 in 5 cars sold worldwide in 2024 set to be electric, the rise of EVs is transforming the auto industry & the energy sector

More from International Energy Agency: iea.li/3Us3ZYF

China power generating capacity additions in Jan-Mar 2024:
solar 45.7 GW (vs 33.7 GW in 2023)
wind 15.5 GW (10.4)
thermal 6.4 GW (8.1)
hydro 1.8 GW (2.7)
nuclear 0 GW (1.2)

Last year, almost 300 GW wind&solar was added and now the first months are up 40%!

New first-of-its-kind analysis from International Energy Agency shows the major contributions clean energy is making to the world economy

In 2023, it accounted for 10% of global GDP growth, adding around $320 billion to economic output

Learn more in our new commentary ➡️ iea.li/4d2594b

The energy world will look very different by 2030, even under today's policy settings

🚗 Nearly 10 times as many electric cars
☀️ Renewables = 80% of new power
⚡️ Electric heating outselling fossil fuel boilers
🏭 Fossil fuel demand has peaked

More ➡️ iea.li/3TXUy1z

Really doesn't seem like an economically or politically strategic or morally conscionable time to step back from climate action, does it? 👀

Good climate news this week
1 EU power sector 2023 pollution down 24%
2 US in new $20b green bank program
3 China coal share of installed capacity down to 40%
4 Deforestation down 39% in 2023 in Brazil, Colombia
5 EVs to overtake petrol cars in Norway in 2024
6 Inter-American…

Food matters: A global shift to a healthier, more sustainable diet could be a huge lever to limit global warming to 1.5°C, PIK researchers find. Results of the new study Science Advances indicate that a shift in diets could make a considerable difference: pik-potsdam.de/en/news/latest…

The UK's spent over £100bn on gas since the start of the crisis. Yikes

Lots of talk about costs of decarbonising power

Not much talk about the costs of maintaining the status quo

New pub from Swiss Re summarizing trends in cat loss data for 2023. Key message: we cannot insure our way out of the trend - we need to actually reduce risk of losses: swissre.com/institute/rese…

I agree: Action on climate change will also deliver warmer homes, healthier air, and more resilient and thus more profitable farms. There's never been a more critical time for us all to redouble our efforts. I Look forward to First Minister Humza Yousaf's response. Màiri McAllan

This interview with Chris Stark chimes so much with my own thoughts. Each nation needs to play to its strengths in an enabling policy environment. Climate action needs collaboration. Hope all heed this.

Good climate news this week
1 US EPA in new strict auto emissions' limits
2 South Korea allocates $313b for green financing
3 China coal production is down
4 KLM greenwashing ads found illegal
5 UK's Labour to make climate a BoE priority
6 Cambridge halts fossil fuels funding

Currently, the oil & gas industry invests about 2.5% of its total capital spending in clean energy.

If oil & gas producers want to play their full part in meeting Paris Agreement goals, 50% of their investments should be going to clean energy by 2030 → iea.li/3PxAHoF

In a new article for today's Financial Times, our Executive Director Fatih Birol highlights the economic, industrial, strategic & technological forces driving the transition to clean energy

Read why the global energy system's direction of travel is clear ⬇️ iea.li/3PymWpQ

Three killer stats from today from IRENA :
🟢62% more renewables capacity was installed in 2023 (473GW) than in 2022.
🟢87% of total power capacity installed in 2023 was renewables (so just 13% nuclear, gas, oil or coal).
🔴Need double as much annual renewables to achieve…

Lots of work to do, let's keep pushing.