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Some industrial news of energy for your reference:
The frequent occurrence of extreme weather events in recent years has significantly increased the need for countries around the world to accelerate action to curb climate change. The Russia-Ukraine conflict has also reminded the world of the importance of energy security. As a result, the world is accelerating its drive for stable energy supply and decarbonization, and renewable energy is surging ahead. As IEA Administrator Birol put it: "It is not just climate change, but the state of energy security that is forcing countries to switch to clean energy."
But rapid expansion of renewable energy faces obstacles such as still inadequate infrastructure, and stronger policies should be put in place to facilitate a significant increase in investment in renewable energy.
Accelerating the transition to renewable energy
Electricity and heating bills in the UK have doubled this year, and more households are installing solar panels on their roofs to cut their bills, The Guardian and other media reported. At the end of August, more than 3,000 homes a week were installing rooftop photovoltaic panels, a threefold increase on two years ago, according to the UK Solar Industry Association. Britain is not the only country where rooftop photovoltaics are blooming. Japan's Tokyo metropolitan government has decided that new housing must have photovoltaic power systems from 2025 in a bid to cut greenhouse gas emissions, NHK reported.
As Nihon Keizai Shimbun reported on November 28, this is only a small microcosm of the rapid spread of renewable energy around the world.
Global capacity additions from solar, wind and other renewable sources hit a new record in 2021, according to the IEA, and the trend is expected to intensify further in 2022 as governments increasingly seek to harness the security and climate benefits of renewable energy. The Bloomberg New Energy Finance report shows that in the first half of this year, global investment in renewable energy reached $226 billion, with China accounting for 43 percent of the total, becoming the "leader" in the global renewable energy investment sector. In addition, global solar and wind financing in the first half of this year was $120bn and $84bn, up 33 per cent and 16 per cent, respectively, from a year earlier. Solar PV installations are expected to account for 60 percent of global renewable energy growth in 2022, followed by wind and hydropower. And this year and next, the world is expected to add another record amount of solar PV capacity, reaching 20 gigawatts by 2023.
Moreover, in October, the IEA raised its forecast for renewable power generation growth in 2022 from 8% to 20%, which it announced in May. Even on current policies alone, global renewable power generation will roughly double by 2030 from 2021, with both the US and China roughly doubling their previous levels.
