World Energy Outlook 2023

World Energy Outlook 2023

The International Energy Agency (IEA) presented a new World Energy Outlook.

The organization estimates that technological advances will significantly change the global energy system by the end of this decade. The volatility of energy markets during the crisis has underscored the importance of stable energy supplies, especially in developing countries where electricity demand has seen the greatest growth.

By 2030, the share of fossil fuels in the global energy balance will decrease to 73%, the share of renewable energy sources (RES) will increase to 50%. It is expected that RES will provide up to 80% of all new energy capacity, of which 50% will be solar photovoltaic systems. Since 2020, investment in green energy has increased by 40%. Among the main factors for increasing the investment attractiveness of sustainable projects is the desire to achieve the goals of the Paris Agreement to reduce the carbon footprint, increase the economic efficiency of energy infrastructure, and ensure diversification of energy supplies.

Print   Email

Website of the Accounts Chamber of the Russian Federation International Activities

Privacy Policy

We use cookies and collect technical impersonal information about you to improve the performance of our website. You can find a detailed description of how we use your data information in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal. You can withdraw your consent using the method specified in the Privacy Policy.