Transcript
Recent developments in renewable energy policy include the UK's Energy Act 2023, which aims to enhance energy security and support net zero ambitions while making long-term household bills more affordable through increased competition and smart appliances. Globally, the IEA reports that governments are now earmarking nearly USD 2 trillion for clean energy investments, with a focus on policies that promote renewable deployment, including carbon pricing and eliminating fossil fuel subsidies. Additionally, the COP28 pledge emphasizes the urgent need to triple global renewable capacity by 2030 and improve energy efficiency.
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