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World Energy Outlook 2025 highlights soaring global demand

A key takeaway from the International Energy Agency’s (IEA) 2025 World Energy Outlook is the world’s growing demand for energy services over the coming decades. Renewables are slated to grow faster than any other major energy source in all the scenarios, although the pace of growth varies from one pathway to another.

EU allocates EUR2.9 bn from ETS revenues to 61 net-zero projects

On November 3, the European Commission (EC) allocated EUR2.9 billion (USD3.34 billion) in funding to 61 net zero technology projects. The funding comes from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS).