Energy

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] India would achieve its targets of increasing renewable energy capacity to 175 gigawatts by 2022 and 450 gigawatts by 2030 ahead of schedule.
[New] The European Union, which declared a goal of cutting emissions to net zero ahead of Japan, expects renewable energy to account for 81% to 85% of its electricity generation in 2050, while nuclear power is projected to make up for 12% to 15%.
[New] Longer-term, the transition to a low / zero-carbon global energy economy will continue, and will require widespread electrification of energy supply over coming decades: natural gas will play a growing role as an electricity generation fuel.
[New] Nuclear energy currently accounts for about 21% of the UK's energy consumption, and without investment from China General Nuclear Power Group, the UK might not be able to fund the construction of the critical national infrastructure to achieve its net-zero goals by 2030.
[New] The Offshore Renewable Energy Strategy presented by the European Commission today foresees 300 GW of offshore wind in the EU by 2050.
[New] The investment needed for the large-scale deployment of offshore renewable energy technologies by 2050 is estimated at almost €800 billion, around two thirds to fund the associated grid infrastructure and a third for offshore power generation.
[New] Offshore renewable energy is one of the most promising routes to increase future power generation in the coming years in a way that meets Europe's decarbonisation objectives and expected rise in electricity demand in an affordable manner.
[New] India has set an ambitious target of having 17 5GW of renewable energy by 2022 and 450 GW by 2030.
[New] The global transition to renewable energy will accelerate rapidly throughout the coming decade, causing exponential disruption as well as opportunities in Africa and beyond.
[New] Britain last year became the first G7 country to set in law a net zero emission target by 2050, which will require wholesale changes in the way Britons travel, use energy and eat.
[New] The world's capacity from wind and solar sources needs to double to deliver half of global supply by 2035 under the Paris climate agreement.
[New] The International Energy Agency sees renewable energy generating capacity growing to around 30% by 2024 under its base-case scenario, driven by cost reductions and advances in digital technologies.
[New] To take a global energy system that relies on fossil fuels for around 80% of primary energy down to net-zero by approximately 2050, a fundamental transformation at speed and scale will be required, including China, the United States, Europe and others.
[New] The Philippine Energy plan targets to increase installed renewable capacity to 20,000 MW by 2040, to help achieve the goal of reliable energy for all in the Philippines.
[New] If the IEA report is anything to go by, the world will see a record increase of 200 gigawatts in renewable energy capacity in 2020 compared to last year.
[New] Biden's plan for a clean energy revolution and environmental justice includes rejoining the Paris Agreement on climate change, investing US$ 1.7 trillion over the next decade in green energy and achieving net-zero greenhouse gas emissions by 2050.
[New] The net-zero emissions target for 2050 formulated in President-elect Biden's Energy and Climate Package could achieve a Paris Agreement compatible 1.5 °C pathway for domestic emissions, especially if interpreted as covering all GHG emissions.
[New] Meanwhile Tesco announced plans to install thousands of solar panels across its store estate while investing heavily in solar farms in a bid to use only renewable energy by 2030.
Using the power of the Sun, space-based solar power is a low-carbon and renewable technology that could potentially offer us a resilient, safe and sustainable energy source, and could make a substantial contribution to delivering on the UK's commitment to net zero by 2050.
The International Energy Agency on Thursday cut its 2020 global oil demand forecast and said it does not expect the prospect of a coronavirus vaccine to significantly boost demand until well into next year.
Besides the increase of electric vehicle demand, according to the International Energy Agency (EIA) energy investment is shifting away from fossil fuels, with renewables growing 80% by 2030.
The latest IAEA annual projections show that nuclear power will continue to play a key role in the world's low-carbon energy mix, with global nuclear electrical capacity seen nearly doubling by 2050 in its high case scenario.

Last updated: 27 November 2020

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