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IEA Forecasts 2026–2031: A Historic Leap for Emerging Economies in Renewable Energy

IEA Forecasts 2026–2031: A Historic Leap for Emerging Economies in Renewable Energy

The International Energy Agency (IEA) has forecasted in its latest annual report that the current energy crisis will grant emerging and developing economies a renewable energy production capacity equivalent to what advanced economies will add over the next five years, marking a first in the history of the global economic transition.

These expectations come amid the sharp rise in oil and gas prices, as well as regional and international challenges facing supply chains and navigation in vital waterways, which has driven countries to...

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