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Global Scans · Energy · Weekly Summary


WHAT'S NEXT?: By 2025 solar energy will be the cheapest energy option globally. In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Improvements in energy efficiency in lighting and home appliances are expected to continue to push residential electricity use lower. The burning of coal will fall out of favor. Transportation energy consumption will be rising in correlation to growth in automated vehicles in the coming years.

  • [New] Kibali continues its transition to renewable energy with the planned commissioning of a 16 MW solar plant and associated batteries in 2025. Yahoo Finance
  • [New] As a carbon-free fuel capable of cleaning up many hard-to-abate sectors of the global economy, hydrogen will play an important role in future energy systems. H2TECH
  • [New] The momentum behind clean energy transitions is now sufficient for global demand for coal, oil and natural gas to all reach a high point before 2030. DW.COM
  • [New] At COP 28, over 100 countries pledged to triple renewables capacity by 2030 - but while recent reports from the International Energy Agency suggest renewables capacity is at an all-time high, there is still a long way to go. Energy Monitor
  • [New] SMR SMR technologies are feasible for remote mining applications in Ontario and could provide lower energy costs and emissions compared to diesel power. Ontario.ca
  • [New] SMRs SMRs are an exciting opportunity for Canada to be a world leader in nuclear innovation, clean energy and to capitalize on emerging world-wide markets for SMRs SMRs. Ontario.ca
  • [New] ARC Clean Energy is targeting to be fully operational at the Point Lepreau nuclear site by 2029, and Moltex Energy will have both its spent fuel recovery system and reactor in operation by the early 2030s, also at the Point Lepreau site. Ontario.ca
  • [New] According to the International Energy Agency, 35% of the global emission reductions needed to reach net zero targets will need to come from emerging and future technologies, making it crucial to accelerate clean, affordable and resilient energy. Net Zero Technology Centre
  • [New] The 10th Berlin Energy Transition Dialog, themed Accelerating the Global Energy Transition, will focus on strategies for tripling the global renewable energy capacities by 2030 agreed in Dubai last year. The Star
  • [New] The development of flexibility solutions such as battery energy storage systems will play a major role in integrating renewable energies and accelerating the energy transition by guaranteeing the efficiency, reliability and security of energy systems. MarketScreener
  • [New] Lowering Scope 1 and Scope 2 emissions from hydrocarbon activities is the most cost-effective way to reduce emissions by 2030 compared to any other source in the global economy, and that 15% of energy-related emissions, or 5.1 billion mt of CO2e, stem from upstream and midstream activities. Energy Connects
  • [New] European Green Transition is a UK company developing a portfolio of green economy assets in Europe which aims to capitalise on the opportunity created by the green energy transition. TradingView
  • [New] The accelerated deployment of renewable energies, combined with electrification and increased energy efficiency of the electricity grid, can help achieve more than a 90% reduction in carbon dioxide (CO2) emissions linked to electricity energy needed to reach Paris's climate objectives by 2050. Market Data Forecast
  • [New] The European Union's ambition to transition towards renewable energy sources aligns seamlessly with North Africa's solar potential, offering a promising avenue to reduce dependency on traditional fossil fuels and mitigate geopolitical risks associated with energy imports, notably from Russia. Atlantic Council
  • [New] In the energy complex, oil prices reached their highest levels since November yesterday, after the International Energy Agency raised its oil demand forecasts a little. investing.com
  • [New] Reducing emissions from production We believe the world will continue to need oil and gas for many years - produced with much lower emissions - alongside cleaner energy such as advanced biofuels, renewable power and hydrogen. Shell plc
  • [New] Global oil demand is forecast to grow more than expected due to the rising fuel needs of ships rerouted away from the Red Sea amid attacks by Yemen's Houthi rebels and a brighter economic outlook in the United States, the International Energy Agency has said. Al Jazeera
  • The Commission's contribution to the development of SMRs takes place in the wider context of fresh impetus being given to the potential of nuclear energy to contribute towards the global energy transition. Energy
  • Renewable Energy and Energy Storage: The renewable energy sector shows potential for substantial and rapid growth in India and has the potential to meet India's growing energy demand. International Trade Administration | Trade.gov
  • While natural gas constituted 6% of India's energy mix in 2019, the Indian government has stated its intent to raise the share of natural gas in the national energy mix to 15% by 2030 as part of its effort to support the transition to renewable energy. International Trade Administration | Trade.gov
  • Through the Barakah Plant, the Emirates Nuclear Energy Corporation is spearheading the decarbonization of the UAE's energy intensive and heavy industries now to accelerate reaching the UAE's goal of Net Zero by 2050. Energy Connects
  • The UK and wider European power sector will over the coming years be dealing with increased intermittency of power generation because of the greater share of renewables within the energy mix. GOV.UK

Last updated: 22 March 2024



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