International Energy Agency
@IEA
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Shaping a secure & sustainable energy future. We provide data, analysis & ambitious real-world solutions on all fuels & technologies. Exec Director: @fbirol
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Joined October 2009
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Under today’s policy settings, the uptake of EVs – including cars, vans, trucks, buses & 2/3-wheelers – is set to avoid the need for over 10 million barrels of oil a day in 2035
That's equal to all the oil demand from road transport in the US today 👉
1
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International Energy Agency Retweeted
Clean energy technology manufacturing is a new engine of growth
It creates opportunities for employment & economic development around the world, and is essential to the energy transition
Read more in
@IEA
's new report ⬇️
2
13
25
Global electric car sales are on track to grow strongly again this year, reaching about 17 million
With more than 1 in 5 cars sold worldwide in 2024 set to be electric, the rise of EVs is transforming the auto industry & the energy sector
Read more →
2
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Despite near-term challenges in some countries, the global electric car market is gearing up for the next phase of growth
Under today's policy settings, nearly 1 in 3 cars on China's roads by 2030 is set to be electric & almost 1 in 5 in the US & EU →
0
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Investment in manufacturing clean energy technologies is surging. Last year, spending rose to $200 billion, up 70% from 2022
This is supporting economic growth & offering new industrial & employment opportunities worldwide
Read more in our new report ⬇️
2
5
24
Battery manufacturing capacity has more than tripled in the last 3 years
Completing all announced projects would be enough to meet demand to 2030 on our net zero path
But manufacturing is concentrated in only a few countries, creating supply chain risks:
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70
Today, utility-scale batteries paired with solar PV are already competitive with new coal plants in some countries like India
In just the next few years, batteries + solar will be cheaper than new natural gas plants in the US & new coal in China 👉
10
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International Energy Agency Retweeted
During my stay in Paris for the European Mayors Summit, I visited
@fbirol
Executive Director of International Energy Agency & discussed the importance of secure & sustainable energy for cities like Istanbul. We have to find smart energy solutions to improve quality of urban life.
6
30
302
Batteries aren't just for powering smartphones
In 2016, the energy sector accounted for around 50% of global demand for batteries, about the same share as electronic devices
By 2023, energy's share had risen above 90% - in a market 10 times the size →
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The transition to electric cars is changing the global auto industry, and growing competition is helping push prices down
Chinese companies accounted for over half of global sales in 2023. In conventional cars, China has a much smaller market share ➡️
5
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International Energy Agency Retweeted
A pleasure to host Mayor of Istanbul
@ekrem_imamoglu
at the
@IEA
HQ in Paris.
We discussed the importance of smart urban energy policies to make cities clean and liveable for their citizens.
7
22
173
International Energy Agency Retweeted
Excellent discussions at the European Mayors Summit on cities’ leading role in energy transitions
Thank you to Mayor of Paris
@Anne_Hidalgo
for organising the event with leaders including the Mayors of Kiev
@vitaliy_klychko
, Copenhagen
@SophieHAndersen
& Sarajevo
@BenjaminaKaric
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Batteries are a vital part of the energy transition 🔋
✅ They’re the fastest growing clean technology on the market
✅ They help meet climate goals & ensure energy security
✅ They bring down emissions in power & transport
More 👉
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🗣 “We need to think much more boldly in the years ahead to mobilise finance, particularly for emerging markets & developing economies, where the most investment is needed”
More from
@NVJRobins1
on what's needed to finance inclusive energy transitions 👉
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India is world’s 2nd largest steel producer. Without mitigation policies, emissions from its steel sector could rise rapidly, posing climate & air quality challenges
Our new report explores what's needed to move the sector onto a path to net zero 👉
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🗣 “Moving households onto newer forms of household heating — for cooking in particular — accomplishes a number of things"
In this Everything Energy Talk,
@James_I_Mwangi
highlights the benefits of clean cooking solutions 👉
3
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Attracting workers from outside the energy sector will be key to meet rising job demand.
With some retraining, current workers could benefit from higher wages in the energy sector - especially for blue collar workers like technicians or electricians 👉
1
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Governments can help cities deliver innovative & inclusive solutions to drive clean energy transitions
Our new report – prepared for the
#G7
– explores how urban planning, digitalisation & other initiatives can improve power systems in cities worldwide 👇
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🗣 “You will not have a successful clean energy transition if it's not, at the same time, a social transition that works well for everybody involved"
@ituc
's
@luc_triangle
discussing the need for energy transitions to benefit all people, particularly vulnerable communities ⬇️
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