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Mega Trends & Analysis

Key Takeaways from the IEA’s World Energy Outlook 2020

In the STEPS, renewables meet 80% of the growth in global electricity demand to 2030. Hydropower remains the largest renewable source of electricity, but solar is the main driver of growth as it sets new records for deployment each year after 2022, followed by onshore and offshore wind.

Policy Watch

New York Gives Big Boost to Renewable Energy

The order issued by the Commission largely achieves these goals. Most importantly, it sets out a timetable to achieve 70 percent clean energy by 2030 by establishing a procurement schedule with an annual target of 4,500 gigawatt hours annually (the current target is approximately 1,500 gigawatt hours).

Tech Talk

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Webinars & Videos

Knowledge Centre

Projections of long-term climate change efforts on US GDP

CBO projects that the effects of climate change will reduce real GDP growth rate by 0.03 percentage points from 2020-2050, relative to the benchmark climate conditions prevailing in a period near the end of the 20th century. With this reduced annual GDP growth rate, the level of real U.S. GDP is projected to be 1.0 percent lower by 2050.

Finance

Green Finance Strategies for Post COVID-10 Economic Recovery in Southeast Asia

Southeast Asia requires an estimated $3.1 trillion or $210 billion annually from 2016 to 2030 for climate change-adjusted infrastructure investments. However, with a financing gap estimated at $102 billion per year for selected Southeast Asian countries from 2016 to 2020, the need for private sector financing to fill the gap was already critical even before the pandemic.

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