Mackenzie Investments’ Post

While we need to continue to prioritize new investments in clean energy, the big question now is how we'll transform our grid to enable this shift. "Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy. For every dollar going to fossil fuels today, almost two dollars are invested in clean energy.” #RenewableEnergy #CleanEnergy

The International Energy Agency (IEA) predicts that global investment in clean energy will reach $2 trillion by 2024, outpacing investments in fossil fuels. This substantial increase reflects growing global efforts towards sustainable energy solutions amid climate challenges. However, the IEA's report notes that while clean energy tech investments are rising, so too are investments in fossil fuels, which are expected to reach $1 trillion, with investments in gas and oil increasing by 7% over 2023. Furthermore, there are still energy investment shortfalls in emerging and developing economies. #CleanEnergy #Investment https://lnkd.in/gY-fsYMw

The grid investment needs to double to more than $600bn (£495bn) a year by 2030, or electrical grids could become a barrier to the deployment of renewables and electric transport options – risking climate catastrophe and frequent blackouts. Microgrid,Distributed Generation Solutions would play key role in this journey

In a groundbreaking shift, 2024 marks the year where global investment in clean energy is projected to be twice that of fossil fuels. A surge is expected in the close future in spending towards renewables, green solutions and other low-emission technologies, The future appears clear: for the next decades clean energy is not just an environmental imperative but it is a business one. If well managed his momentous shift represent a pivotal moment to a future where economic prosperity and environmental stewardship would go furhter hand in hand. Please find here the interesting article by IEA https://lnkd.in/dPScP4KN Credits to IEA

A nice and positive article from International Energy Agency (IEA) to read before the weekend! Clean Energy investment is scheduled to hit $2 trillion in 2024 - nearly double the amount invested in fossil fuels https://lnkd.in/gng6SUQq

Investing in electrical grid is paramount to enable/accelerate the ongoing electrification and decarbonisation of society. I appreciate, that I may not be fully objective on this subject … but Fatih Birol is, and his words are straightforward: „The recent clean energy progress we have seen in many countries is unprecedented and cause for optimism, but it could be put in jeopardy if governments and businesses do not come together to ensure the world’s electricity grids are ready for the new global energy economy that is rapidly emerging,” said IEA Executive Director Fatih Birol. “This report shows what’s at stake and needs to be done. We must invest in grids today or face gridlock tomorrow.” A call for action for governments/regulators, DSO/TSO and related value chain … and the first action would be to read the #iea report to appreciate the magnitude of the task in front of us! https://lnkd.in/dMtC4ths #iea

An effective energy transition strategy must take into account the realities of both the North and the South. https://lnkd.in/dArMHiqr

"A diversified #energy portfolio — with a foundation of #energyefficiency, #naturalgas and #renewableenergy — is optimizing economic growth for the United States." BCSE President Lisa Jacobson and Citizens for Responsible Energy Solutions (CRES) President Heather Reams reflect on the #SustainableEnergy in America #2024Factbook and how #cleanenergy growth is boosting American competitiveness in an op-ed for The Hill: https://lnkd.in/eyCWw_rS

Big strides in UK #EnergySecurity! Yesterday, the Energy Secretary Claire Coutinho unveiled a commitment to shore up the UK’s energy supply as the nation transitions to #NetZero 🌎 Speaking on the plans, Guy Newey, CEO of Energy Systems Catapult and Chair of the #CatapultNetwork, said: “It is increasingly clear that the only way we can get to a net zero electricity system in time and without pushing up bills is to move to a market that reflects local supply and demand." “Delivering change at the pace and scale required means speeding up planning so that we can build new generation and transmission quickly, digitalising our energy system to make it more flexible, and fundamental reform to the power market.” Find out more 👇 https://shorturl.at/R3568

The #EnergyTransition is impossible with the current electrical grid in the US! The U.S. lacks a unified national power grid plan, resulting in three separate grids that do not communicate effectively. Constructed primarily in the 1960s and 1970s, the U.S. power grid is outdated and increasingly struggling to accommodate the clean electricity needed for the energy transition. Read more on this: https://lnkd.in/ewuMnCZJ