Latest news on Energy

The global energy transition has stalled due to the energy crisis and geopolitical uncertainties, according to the World Economic Forum’s 2023 report. While progress has been made towards clean energy, challenges remain in ensuring equitable access due to a shift towards energy security.

Investments in energy efficiency are reaching record highs, but their growth rate is slowing and potentially hindering progress towards net zero emissions. In 2022, investment in energy efficiency rose by 16%, but for 2023, growth is projected to slow to 4% due to reduced spending on efficiency measures.

In its report “Fostering Effective Energy Transition”, the World Economic Forum warned that progress towards net-zero had slowed over the previous decade. The IPCC says the rise in greenhouse gas emissions must be halted by 2025. Fast and effective renewable energy innovations will be critical.

Three governance approaches – strategic planning, stakeholder engagement, and policy alignment – are key to accelerating the shift to clean energy. By adopting these governance approaches, countries and organizations can unlock the full potential of renewable energy and build a more sustainable future.

Forests cover 31% of the world’s land surface. They purify the air, filter water, prevent soil erosion, and act as an important buffer against climate change. But unsustainable human activities and climate change are causing deforestation and fragmentation, which is reducing forest cover.