'Extraordinary': IEA heralds energy crisis as 'historic turning point' for renewables

Cecilia Keating
clock • 4 min read
An
Image:

An

Agency increases its five-year renewables forecast by 30 per cent in wake of fossil fuel supply crunch triggered by Russia's invasion of Ukraine

The global energy crisis has unleashed an unprecedented wave of momentum across the renewables industry that will see wind, solar, and hydro power replace coal as the largest source of electricity generation...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

At COP31, countries must lay their electrification plans on the table

At COP31, countries must lay their electrification plans on the table

Countries must come to COP and set out specific plans for how they will remove the barriers and make the infrastructure investments that businesses need to electrify the global economy, writes WBCSD's CEO and president Peter Bakker

Peter Bakker, WBCSD
clock 12 October 2026 • 4 min read
'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

Wood Mackenzie calculates four-hour battery storage projects are now less expensive than open-cycle gas turbines in all major markets

James Murray
clock 09 October 2026 • 5 min read
Report: UK has the potential to become a 'major' hub for low-carbon ammonia

Report: UK has the potential to become a 'major' hub for low-carbon ammonia

New roadmap positions low-carbon ammonia as a strategic national asset that can enable food security, decarbonisation, and regional revitalisation

Stuart Stone
clock 06 October 2026 • 4 min read