IEA Sees 4,800 GW of New Renewables by 2031

OilPrice.com · Charles Kennedy · 2026-11-06 16:30 UTC

The IEA says the Hormuz crisis is speeding up renewables growth, with emerging markets outside China set to match advanced economies for the first time.

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The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.

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