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] The US withdrawal could galvanise Asian countries to take a more proactive role in the global energy transition. Energy Transition Summit Asia
• [New] Offshore Renewable Energy: Building on its exponential growth, offshore wind (and emerging tidal and wave energy solutions) might double its GVA impact, potentially rising to €10 billion by 2030. COF Limited 2025 To 2030 Blue Growth Forecasts 260 To 3
• [New] To meet flexibility requirements and ensure supply security of a power system with a high proportion of renewables, energy storage capacity of up to 2,260 GW (including electric vehicles), pumped storage capacity of 420 GW and other resources will be required by 2060. Springer Nature Switzerland
• [New] By 2060, a clean and low-carbon, secure and efficient energy system dominated by renewable energy will exist and China's renewable energy sector will lead the world. Springer Nature Switzerland
• [New] The Chinese government then defined the task of building a new electric power system and clearly stated that the combined installed capacity of wind and solar power will reach more than 1,200 GW by 2030, giving a clear timetable for the development of China's energy system of the future. Springer Nature Switzerland
• [New] To build a carbon-neutral China by 2060, total installed power capacity and power output will have to reach 8,500 GW and 17.8 trillion kWh, with renewable energy making up more than 90% and 80% respectively. Springer Nature Switzerland
• [New] The Green Freeport will receive £25 million seed capital funding from the UK Government to unlock sites for development and help it deliver on its vision to become a global leader in offshore wind and renewable energy. GOV.UK
• [New] Achieving clean power by 2030 will deliver energy security and protect billpayers, by reducing exposure to volatile international fossil fuel markets. GOV.UK
• [New] Issuers across the globe are using ESG financing to manage risk - for example, to reduce their exposure to assets that will become stranded amid the energy transition - and to capitalise on new opportunities to boost efficiencies, tap innovative technologies, and create jobs. businesslive
• [New] DHL Group recognizes the growing opportunities in the energy sector, encompassing traditional oil and gas as well as renewables and electrification. Al Bawaba
• [New] COP 30 will focus on the acceleration of the global transition away from fossil fuels and making progress on the Global Pledges to triple renewable energy capacity and double energy efficiency improvements by 2030. Energy
• [New] The EU has agreed on an ambitious energy efficiency target of reducing final energy consumption by at least 11.7% compared to projections for expected energy use for 2030. Energy
• [New] India is expected to add 75 GW of renewable energy capacity in FY26 and FY27, a 53% increase from 49 GW added in FY24 - 25. Vajiram & Ravi
• [New] India is projected to add 75 GW of renewable energy in FY26 and FY27 - a 53% rise from the 49 GW added in FY24 - 25. Vajiram & Ravi
• [New] American oil and natural gas will continue to be cornerstones of the energy mix for generations to come. Chicago Tribune
• [New] As the demand for electrification and decarbonization increases around the world, Aggreko expects the demand for renewable energy and hybrid solutions to grow along with it. Australian Mining
• [New] As the global AI competition intensifies, it's essential that America takes the necessary steps to win - but that will not happen without unleashing domestic energy production through smart tax policy to meet the enormous power demand that AI requires. American Exploration & Production Council
• [New] With the U.S. abandoning its energy transition, Canada has an opportunity to attract low-carbon industries and bolster domestic production to create good green jobs. Winnipeg Free Press
• [New] Every dollar of investment in renewables creates three times more jobs than in the fossil fuel industry, with the transition towards net-zero emissions leading to an estimated 14 million new jobs in clean energy while about 5 million jobs in fossil fuel production could be lost by 2030. Climate Cosmos
• [New] As a cornerstone of China's energy system, Linglong-1 demonstrates the potential of nuclear technology to safely and efficiently combat climate change. Sustainability Times

Last updated: 13 June 2025