Global Scans · Energy · Weekly Summary

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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] Behavioural changes play an important role in the Net Zero Emissions by 2050 (NZE) Scenario, cutting CO 2 emissions and reducing growth in energy demand. IEA
• [New] The economic expansion could be thrown off by the continuing adverse effects of higher rates and by geopolitical tensions, including the war in Gaza, that risk disrupting trade and raising energy and other prices. The Washington Post
• [New] The UAE remains confident that its investments in clean energy will pave the way for a sustainable future for future generations. Dailynewsegypt
• [New] Foreign investment in renewable energy will help drive moderate industrial growth, such as the development of the Monsoon Wind Power Project which is expected to be completed in 2025. Asian Development Bank
• [New] External risks include increased trade tensions with the United States and European Union weakening the PRC's exports; escalated geopolitical tensions that may disrupt supply chains; renewed energy challenges triggered by geopolitical conflict; and fragmentation of the global economy. Asian Development Bank
• [New] Apr. 13-Solar panels could pop up on about 30 acres of vacant land in the Eldorado area within a year, an outcome of state leaders' push for renewable energy. Yahoo News
• [New] Technology group Wartsila has begun testing its thermal balancing engines using pure hydrogen and expects to have an engine and power plant concept capable of running on 100% hydrogen by 2025, enabling the transition to decarbonised energy systems around the world. Robin Whitlock
• [New] Participants have the opportunity to see the latest technologies in action in the field of renewable energy and waste management, marking an important step in Romania's ecological transformation. iDevice.ro - Stiri de Ultima Ora, Tehnologie, Romania,
• [New] Germany will deliver a United States-made Patriot air defence system and air defence missiles to Ukraine at a critical time as Kiev struggles to defend its energy system from Russian bombardment. Al Jazeera
• [New] The energy transition is failing and policymakers should abandon the fantasy of phasing out oil and gas, as demand for fossil fuels is expected to continue to grow in the coming years. Stop These things
• [New] CFC rules, more elaborate definitions of permanent establishment, and CbC reporting requirements all occupy the time and energy of talented people who might better serve the global economy in other roles. Tax Foundation
• [New] Kibali is advancing its transition to renewable energy with the planned commissioning of a 16 MW solar plant and associated batteries in 2025. Mining Weekly
• [New] Achieving net zero carbon emissions by 2050 is a daunting challenge, and will require a significant expansion of clean energy sources, including nuclear power. Mirage News
• [New] Maryland now has a goal of 8.5 gigawatts of offshore wind, which will be enough to power 3 million homes, of Maryland homes, alone in that, and turn us into a net exporter of clean energy, and not just a net importer. The Washington Post
• [New] Albanese points to the US Inflation Reduction Act which will direct US$ 400 billion ($605 billion) in federal funding to support clean energy and the US CHIPS Act which will direct $280 billion ($422 billion) in new funding to boost research and manufacturing of semiconductors. SmartCompany
• [New] Several recently published deep-dive analyses commissioned by NASA and the European Space Agency have thrown cold water on the hope that space solar power could affordably generate many gigawatts of clean energy in the near future. IEEE Spectrum
• [New] The US will lose more than 30 gigawatts of solar energy during Monday's total eclipse - roughly the output of 30 nuclear reactors - as sunlight is blocked during prime generating hours. BusinessLine
• [New] The price of carbon is still too low globally, and the political difficulty of having energy consumers face the cost of carbon in their everyday decisions is one of the reasons why the energy transition will move slower than many people hope. Energy Connects
• Renewable energy is set to generate nearly 25% of American electricity in 2024; by 2030, the US could see up to 850 gigawatts of new utility-scale solar, wind, and storage installations, driven by increased federal funding and tax incentives. Gilmore
• The opportunity to produce Green Hydrogen through renewable electrolysis of water is emerging throughout Australia as we develop and increase renewable energy capacity (predominantly via solar and wind). Hfw
• Digitalization will contribute to the European Green Deal and a Europe fit for the digital age policy initiatives and support the objectives of the Energy Union by promoting connectivity, operability and use of renewable energy. European Climate, Infrastructure and Environment Executive Agency
• Green hydrogen has the potential to reduce GHG emissions in multiple sectors in Atlantic Canada and as a flexible energy carrier it can allow for deep decarbonization scenarios. EverWind Fuels

Last updated: 19 April 2024