IEA Still Sells Renewables Short | Fossil Fuel Subsidies in EU & US | Tenders Hinder Energy Transition
We are glad to see that the International Energy Agency (IEA) has finally lifted its projections in the latest Renewables report. Yet, the IEA keeps selling the rapid growth of renewables short, ignoring the historical trend. Tenders hinder the global energy transition and decarbonization, urgently needed to keep the Paris Agreement targets, EWG President Hans-Josef Fell argues in the new policy paper. Over €112 billion annually is being spent by the EU countries on oil, coal and gas subsidies, a new report shows. 40 Catholic have joined the global divestment movement in a stunning and a long overdue move. This news and more in our September newsletter.