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] In 2021, the EU presented a package of legislative proposals to make its climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030. European Commission Representation in Cyprus
• [New] Another important element of this year's talks will be to reconfirm the global energy goals agreed last year in Dubai to transition away from fossil fuels, triple renewable energy investments, and double energy efficiency measures by 2030. European Commission Representation in Cyprus
• [New] Most notably, U.S. liquefied natural gas exports remain an important component of the energy security for U.S. allies, as well as an opportunity to diversify their energy mix away from coal for electricity production. Sempra
• [New] Energy Storage and Power Generation: The energy sector in MEXICO is anticipated to drive demand for green ammonia as an energy storage solution and fuel, supporting a resilient, low-carbon energy grid that integrates renewable sources. Mobility Foresights
• [New] The global demand for coal, oil, and gas will peak in 2030 and then decline, and that the transition to clean energy will proceed faster than expected. MDPI
• [New] The energy transition alone requires investment in clean energy to triple by 2030. European Central Bank
• [New] More than 140 environmental justice organizations have signed public letters highlighting the ways hydrogen energy could prolong the use of fossil fuels, create safety hazards and worsen local air pollution. EHN
• [New] The U.S. Department of Energy under the Biden Administration is supporting green hydrogen development and hopes to drive costs down to $1 per kilogram by 2030. EnergyTech
• [New] Supporting Local Biofuel Production: Bangladesh could establish partnerships with local farmers to supply biomass for biofuel production, creating an integrated approach that benefits both the agriculture and energy sectors. Eurasia Review
• [New] The transport sector globally is set to achieve a 6% renewable energy share by 2030, with significant contributions from biofuels, renewable electricity, and emerging technologies like hydrogen. Eurasia Review
• [New] As the world moves toward a renewable energy future, Bangladesh has an opportunity to integrate sustainable energy sources across its power, heat, and transport sectors. Eurasia Review
• [New] Revolutionising the transport sector to meet both government targets and the needs of growing populations around the world will require the implementation of emerging inventions powered by renewable energy. Transport Design International (TDI)
• [New] As the UK transitions to cleaner energy and expands its renewable capacity, the potential for reduced electricity prices at home becomes more realistic, resulting in even lower EV running costs than conventional cars. Electrical Times
• [New] The Energy Savings and Opportunities Scheme and Streamlined Energy and Carbon Reporting are mandated for large UK businesses, requiring them to report on Scope 1 and 2 emissions and conduct energy site audits to improve efficiency. Inspired PLC
• [New] A world hostile to U.S. interests will constrain American companies, roil international energy markets, and endanger jobs and economic growth. The Atlantic
• [New] As the world transitions to clean energy, there's immense potential for emerging markets to specialize in specific areas of renewable technology. Ahmedabad Mirror
• [New] Northern Ireland's energy transition offers huge potential for economy, creating the investment and green jobs of the future, while also enabling a cleaner, more affordable and more secure energy future for everyone. BelfastTelegraph.co.uk
• [New] A transition toward renewable energy could boost the global economy by trillions of dollars and create millions of new jobs by 2050. Jomfruland.net
• The price of industrial metals is expected to remain steady in 2025-26, as weakness in China's property sector is offset by tight supply conditions and rising demand for some metals from the energy transition. Modern Diplomacy
• The deployment of green hydrogen must be part of a holistic approach to the energy transition and the £6.1bn support for core research funding in engineering will help nurture groundbreaking technologies and innovation in the energy sector. New Civil Engineer

Last updated: 15 November 2024