'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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Energy

'The future is electric': Statistical Review of World Energy confirms wind and solar grew nine times faster than total energy demand
Energy

'The future is electric': Statistical Review of World Energy confirms wind and solar grew nine times faster than total energy demand

Influential report reveals the global renewables boom is continuing, but fossil fuel demand still rose last year

James Murray
James Murray
clock 26 June 2025 • 6 min read
OVO launches first Climate Transition Plan
Energy

OVO launches first Climate Transition Plan

Energy firm declares home heating the 'next front line in the climate fight' in its inaugural Climate Transition Plan

Stuart Stone
Stuart Stone
clock 25 June 2025 • 3 min read
Report: Global renewables progress off track, despite record increases in capacity
Energy

Report: Global renewables progress off track, despite record increases in capacity

Renewables investment is setting new records, but REN21 warns trade barriers, market uncertainty, and policy gaps mean the world remains off track to meet global goal of tripling renewables generation by 2030

Michael Holder
Michael Holder
clock 24 June 2025 • 3 min read