World Energy Outlook 2023

World Energy Outlook shows there are set to be almost 10 times as many electric cars on the road, with renewables nearing half of the global power mix, but much stronger policies needed for 1.5 °C

Major shifts underway today are set to result in a considerably different global energy system by the end of this decade, according to the IEA’s new World Energy Outlook 2023. The phenomenal rise of clean energy technologies such as solar, wind, electric cars and heat pumps is reshaping how w…

World Energy Outlook shows there are set to be almost 10 times as many electric cars on the road, with renewables nearing half of the global power mix, but much stronger policies needed for 1.5 °C

Major shifts underway today are set to result in a considerably different global energy system by the end of this decade, according to the IEA’s new World Energy Outlook 2023. The phenomenal rise of clean energy technologies such as solar, wind, electric cars and heat pumps is reshaping how we power everything from factories and vehicles to home appliances and heating systems.

The latest edition of the World Energy Outlook (WEO), the most authoritative global source of energy analysis and projections, describes an energy system in 2030 in which clean technologies play a significantly greater role than today. This includes almost 10 times as many electric cars on the road worldwide; solar PV generating more electricity than the entire US power system does currently; renewables’ share of the global electricity mix nearing 50%, up from around 30% today; heat pumps and other electric heating systems outselling fossil fuel boilers globally; and three times as much investment going into new offshore wind projects than into new coal- and gas-fired power plants.