Importance of Renewable Energy Gets a Bump Heading Into 2023 According to The International Energy Agency

The International Energy Agency increased their renewable energy forecast for 2023 by 30% as we head into the new year.

According to IEA, “This massive expected increase is 30% higher than the amount of growth that was forecast just a year ago, highlighting how quickly governments have thrown additional policy weight behind renewables”. This increase in growth has been attributed to many factors such as advances in technology, increased budgets and higher social importance being placed energy across the globe.

Michael Davies, Founder of Green Econometrics, gives his insight into exactly how those factors are affecting the increased forecast and what other key changes might be at play.

Michael’s Thoughts on New Forecasts from The International Energy Agency

“The International Energy Agency has increased the forecast by 30% from last year for renewable energies, and this demonstrates the importance of renewable energy in the face of global issues and changing technologies, specifically energy transformation trends such as electric vehicles and energy storage technology.

ESG investing is getting the attention of senior executives focusing on net zero initiatives, improving solar and wind deficiencies, and cost, also energy efficiency in the face of Russia’s invasion of Ukraine and climate change.”

Click here to read further thoughts from Michael Davies on what it will take to tackle the global energy crisis.

 

Follow us on social media for the latest updates in B2B!

Image

Latest

Healthcare IT Renovation
Got a Healthcare IT Renovation Project? We Have a DIY Book for You!
May 20, 2024

Given the rise of digital transformation demands and the persistent challenges of cybersecurity, a healthcare IT renovation project can be pivotal as industry leaders actively seek guidance on navigating these complex waters. Why now? What makes the current landscape ripe for a Healthcare IT Renovation Project, and how does one tackle such a monumental…

Read More
Retail Marketing Gamification Experts Talk
Retail Marketing Gamification is the Battleground for Customer Loyalty and Attention. How Do Retailers Win?
May 17, 2024

Retail marketing is undergoing a transformation driven by the experience economy, pushing brands to innovate with engaging and interactive customer experiences. Gamification is at the forefront of this movement, offering a dynamic way to enhance customer loyalty and drive revenue. As brands explore unique loyalty programs, immersive on-site marketing, and in-store pop-up experiences, the question…

Read More
Construction of the HPC Data Center is Prime Destination for AI Progression
May 17, 2024

As digital infrastructure continues to evolve, the strategic development of data centers is crucial. A recent update from Applied Digital celebrates the progress of the company’s HPC Data Center in Ellendale, North Dakota, positioning it as a pivotal player in the advancement of AI technologies. Highlighted in this special video is the HPC Data…

Read More
Nick Phillips of Applied Digital talks community engagement
Community Engagement is Key for Companies Aiming to Support and Impact Local Communities
May 17, 2024

Corporate responsibility is under the microscope but Applied Digital readily stands out for its positive impact on local communities. As part of the broader discussion on community engagement and economic development, there are several things companies can do to contribute to local prosperity. For a special episode for Applied Digital, Nick Phillips, EVP of…

Read More