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#WEO24 Solar & other clean power sources are helping fuel a new "age of electricity", the IEA says, where energy uses are rapidly electrifying & pushing fossil fuels towards peaks by 2030 carbonbrief.org/analysis-solar 3/13

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Simon Evans

@DrSimEvans

Oct 18

#WEO24 Why is clean power surging? It’s the economy, stupid. "It is now cheaper to build onshore wind and solar…than new fossil-fuel plants almost everywhere…even when considering…investment required to cope with their variability" carbonbrief.org/analysis-solar 4/13

#WEO24 The "age of electricity", with the "inherent efficiency" of rising electrification and reliance on clean power, is helping temper energy demand growth, even as demand for energy services surges This is not a paradox, it's the primary energy fallacy!

#WEO24 You can see the impact of the "age of electricity" in this chart from

@fbirol

's excellent summary of the outlook: surging electricity demand going 6x faster than (and helping to temper) energy demand growth x.com/fbirol/status/ 6/13

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Fatih Birol

@fbirol

Oct 15

After the Age of Coal & Age of Oil, the world is moving rapidly into the Age of Electricity

Electricity has recently grown 2x as fast as total energy demand. But from now to 2035, it's set to grow 6x as fast, driven by EVs, ACs, chips, AI & more More: iea.li/3BEGtk7

#WEO24 Interestingly – and relatedly – as well as boosting solar, storage, EVs, etc, successive WEOs have raised the outlook for electrification rates Electrification is now set to rise 50% by 2050 (vs doubling if climate pledges met) *bonus (badly drawn) chart*

#WEO24 This year's WEO reiterates the IEA view that coal, oil and gas will peak by 2030, despite the brouhaha this caused last year Reading btwn lines, the IEA pushes back on critics pretty firmly, touting its own "numbers and objective analysis"

carbonbrief.org/analysis-solar

Simon Evans

@DrSimEvans

Oct 18

#WEO24 Still, it's hard not to see the full chapter on "sensitivities" as a response to the voices saying IEA was underplaying scope for fossil fuel growth Notably though, "sensitivities" such as slow EV growth still show fossil fuels (and CO2 emissions) peaking soon

#WEO24 Coming back to the main case, IEA sees clean energy growth of 44% (+48EJ) pushing fossil fuels into decline by 2030, as overall energy demand only climbs 5% (+34EJ) carbonbrief.org/analysis-solar 10/13

#WEO24 Unfortunately, while policies and tech progress since 2015 / pre-Paris has dramatically bent the CO2 emissions curve away from potential 3.5C of warming, we're still on track for 2.4C – and there's a massive gap to staying below 1.5C carbonbrief.org/analysis-solar 11/13

#WEO24 Concluding his foreword to the report (always worth a read IMO) Birol sends a warning to decisionmakers about the impact of their choices…and the report itself warns that "too often [they] entrench the flaws in today's system…locking in fossil fuel use"

#WEO24 Many thanks to my colleagues Verner Viisainen and Tom Prater for helping me get my head around the numbers in the report and presenting them so strikingly /ENDS 13/13

#WEO24 PS the IEA pushes back hard on nonsense about AI data centre demand eating the global energy system (Ofc that won't stop the hype cycle) 14/13

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Jesse D. Jenkins

@JesseJenkins

Oct 16

The @IEA's latest outlook tries to put the data center electricity demand boom in context, as @Ben_Geman reports for #axiosgenerate: axios.com/newsletters/ax

#WEO24 PPS As ever, loads more I didn't / couldn't cover from the outlook (not least as youngest kept waking us + has been hanging out with me on the sofa with a fever today

) Go read the report yourself (at least the summary!) 15/13

Solar power is the most expensive form of electricity. The unsubsidized LCOE cost is 67.11 $/MWh. The nth-of-a-kind cost of nuclear is 66 $/MWh. But solar energy is intermittent. To make solar energy as reliable as nuclear it would have to be overbuilt by 4.21x with 55 hours of

"Despite a record rise in the use of renewable energy in 2023, consumption of fossil fuels continued to increase too" ... but surely fossil fuel use will start to fall any minute now!

x.com/DrSimEvans/sta

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Simon Evans

@DrSimEvans

Oct 18

THREAD My deep dive on @IEA #WEO24

Solar up 4x by 2030, top

source by 2033

Clean energy +44% by 2030, top *energy* source by "mid-30s"

EVs displace 6mb/d by 2030 (

4mb/d last yr)

Fossil fuels peak by 2030

Warming 2.4C(

2.6C 2021

3.5C 2015)

330

Saint-Gobain

@saintgobain

Developing solutions to create buildings that offer enhanced comfort, consume less energy and use fewer resources is the challenge that we are committed to tackling to make construction more sustainable. #WeMakeTheWorldABetterHome #SaintGobain #Renovation

From saint-gobain.com

"The Reuters analysis found that over 2008-2023 the IEA under-estimated total demand in its initial forecast 56% of the time..."

ralph ellis

@ralfellis

Oct 18

There is a missing element here. When we are all electric renewable, we will need 30,000 gwh of storage for 10 days of backup. This is about 1,000 Dinorwig or Coire Glas PWS systems. Where are we going to build 1,000 new PWS systems? Coire Glas has been costed at £2 billion,

Are you aware of the IEA’s woeful track record of predictions to date?

The Maladapted

@themaladapted

Oct 18

Not gonna happen. Nuclear is about to make all these obsolete.

It's funny how the IEA estimate that wind and solar will not follow the usual technology adoption curve, so they underestimates adoption speed.

Solar energy is indeed the future, excited to see it projected to quadruple by 2030. Can't wait to see the impact it'll have on reducing fossil fuel consumption and our carbon footprint.

232

Frederic Conrotte @fconrotte@mastodon.green

@fconrotte

Oct 18

Don't you think copper availability will be an issue at some point ?

Very positive news. A cleaner energy future beckons!

Desmond Taylor

@EcoDesmondT

Oct 18

I'm super optimistic about the IEA's projections, especially with solar energy leading the charge. A 4x increase by 2030 is a game-changer!

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Dan Ryder - primedefi.com

@WeArePrimeDeFi

Here's an interesting fact that could make you more money. With DeFi, you can earn passive income the same way a bank does. When you deposit money in a bank, they lend it out and earn interest. With DeFi, you get to BE the bank. By staking or lending your crypto, you can earn

My deep dive

Emissions must peak before 2025 for 'liveable future', UN report says

Clean energy up only 44% by 2030? Seems a bit low?

Love seeing solar power growth predictions from IEA! Fossil fuel demand peaking by 2030 is a big step, but we need more action to hit climate goals.

Paris deep dive here

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Hugo

@hugopottisch

Oct 18

Replying to @Peters_Glen @KevinClimate and @Oliver_Geden

How do you explain that we mention 1.5°C still but not what needs to be done, not really. We, the @IPCC_CH and @IEA basically pretend it's 2014, ot 2024. You don't find this strange? Very very strange? ourworldindata.org/grapher/co2-mi

And those with more money are consuming more.

FILE - A shopper carries bags in Pittsburgh on June 3, 2024. (AP Photo/Gene J. Puskar, File)

Wealthier Americans are driving retail spending and powering US economy

Who pays ?

The important question is, when will our energy bills come down?

DrEnergy

@dr_energy_

Oct 18

exciting perspectives, the film to digital photography moment of the global energy system might be much closer than many people thought just a few years ago. #energytransition live

-->

Meanwhile the majority of energy demand will be met by fossil fuels. New sources of energy lead to more consumption. What's up with Hopium? We need to accept that We the Consumers are unwilling to make sacrifices.

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Art Berman

@aeberman12

Oct 18

World energy supply expected to increase 76 EJ by 2050 Coal to fall 86 EJ by 2050, solar to increase 76 and wind to rise 36 EJ Nuclear will increase 19 EJ #energy #EnergyTransition #ClimateActionNow #renewables #NetZero #EnergyStorage #ClimateCrisis #ClimateAction

Hugo

@hugopottisch

Oct 18

AI deep dive re reality

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Hugo

@hugopottisch

Oct 17

Replying to @IEA

Based on optimistic real world data interpretations, the US and EU have to be net zero by 2030 and the world by 2035. Anything else means game over. How do you you feel about that? @IPCC_CH chatgpt.com/share/671108b6

Dan Ryder - primedefi.com

@WeArePrimeDeFi

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69K

Somelifeformswillsurviveus

@Nolongerscot

20h

That's electricity. Emissions globally aren't falling. Methane's exponentially rising. What was the thing no one wld talk abt? Oh yeah, slowing down, rationing, prioritising, investing in the absolutely necessary survival infrastructure. But we bow to economics, not physics.

Jake Reyna

@iJakeReyna

Oct 18

And this, EV's are bling

Study shows EV owners have bigger carbon footprint than average because they are wealthier

Hopefully battery + solar + small gasoline generator will get cheap enough to go off grid for many homes Biggest cost of home electricity is overheads getting it to you £10k for 6KW solar 10KWh battery Gasoline Gen = off grid homes

Asa Rochester

@Ottocatic231

Oct 18

That and the birth rate going to zero and we’ve solved climate change yay!

Kurt Berry

@kurtbberry

Oct 18

What happens at night? Or when it's cloudy? And please don't respond with fictional stories about grid-scale long-term batteries -- such batteries do not exist.

All stuff that may, or may not, happen in the future Meanwhile the boondoggle actually means we have the most expensive energy in the world in the UK The stupidity continues, no one voted for this shambles and lies #bbcnews

Re:Wired Zone Magazine

@RewiredZone

Oct 18

Your perspective challenges conventions. Worth considering if total system costs account for intermittency? Open dialogue helps illuminate complexities.

Oh dear.....

The UN’s DARK Agenda: What You’re Not Being Told About Agenda 2030

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Sourced from across X

Jan Rosenow

@janrosenow

17h

Will solar PV soon be the cheapest source of electricity in most places around the world? This

@NatureComms

paper says yes. Most surprisingly this is AFTER including short- and long-term storage costs for renewable energy sources. nature.com/articles/s4146

U.S. approves 2 GW enhanced geothermal plant in Utah

U.S. Greenlights Major Geothermal Energy Project in Utah to Boost Climate Goals

From onegreenplanet.org

Good climate news this week 1 China spurring a major slowdown in oil demand growth, largely due to rapid adoption of EVs 2 US Supreme court allows EPA to limit power plant emissions 4 New York officials call for big oil to be prosecuted for fueling climate disasters 4 EV sales up

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Assaad Razzouk

@AssaadRazzouk

Oct 13

Good climate news this week 1 Australia to protect 52% of its oceans 2 Global EV sales up 20% in August 2024 3 Mexico’s new president promises to resume fight against climate change 4 Ladakhi climate activist Sonam Wangchuk released by Delhi police 5 India's coal-fired power x.com/AssaadRazzouk/…

I think that EV uptake in heavy goods transport will be much faster than anyone expects. No emotional arguments in this sector, just money talking. EV trucks are way cheaper to operate, maintain and use than diesel powered ones.

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Jaan of the EV Universe

@TheEVuniverse

Oct 18

MAN handed over its very first electric semi truck, exactly 100 years after it presented the first diesel truck.

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