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] As nations pursue ambitious decarbonization targets and energy resilience strategies, distributed energy generation is expected to become an increasingly important pillar of the global energy ecosystem. The AI Journal
• [New] Energy prices will peak sharply in 2026, pushing both oil and gas costs significantly higher and feeding directly into inflation and reduced purchasing power. European Banking Authority
• [New] The euro area's headline inflation is expected to rise from 2.1% in 2025 to 3.0%, while for the EU it will rise from 2.5% to 3.1% in 2026, largely driven by energy prices. European Banking Authority
• [New] Higher energy costs are acting as a drag on real incomes and demand and contribute to a moderation in GDP growth expectations for 2026, which are now expected to slow to 0.9% for the EA and 1.1% for the EU. European Banking Authority
• [New] As 2026 unfolds, some of the most compelling US energy opportunities are expected to emerge at the intersection of traditional energy sectors, rewarding investors capable of underwriting operational and structural complexity across integrated platforms. PwC
• [New] The Andhra Pradesh-based facility will process end-of-life batteries from electric vehicles, electronics, and energy storage systems. Yourstory
• [New] Energy used to power artificial intelligence could jump to 3% of global electricity demand by 2030, guzzling as much water as the 1.3 billion people in sub-Saharan Africa consume in one year to meet their domestic water needs. Live Science
• [New] In 2026, China will subsidize vocational training for more than 10 million people, targeting fast-growing sectors such as the low-altitude economy, new energy vehicles and AI. chinadailyhk
• [New] Persistently elevated inflation - even after the war-driven energy shock fades - will keep rates higher for longer and weigh on bonds over the coming years. Saxo Markets
• [New] Renewables will become the largest global energy source, used for almost 45% of electricity generation by 2030. Insurance Journal
• [New] UN Secretary-General Antonio Guterres called on AI companies to disclose the full environmental cost of their data centers and to power all data centers with renewable energy by 2030. Educational Technology and Change Journal
• [New] Renewed geopolitical tensions in the Middle East and the potential for higher energy input costs could weigh on growth, erode household disposable income and increase cost pressures for corporates. European Banking Authority
• [New] In May, shipping disruptions through the Strait of Hormuz continued to weigh heavily on China's energy imports, with crude oil imports falling by 29% year-on-year. Centre for Research on Energy and Clean Air
• [New] The prospect of prolonged disruption is driving a broader debate in Brussels over energy security. Euronews
• [New] Britain's electricity network will require up to £240bn of upgrades to support clean power targets, the Department for Energy Security and Net Zero has admitted. Electricity Info
• [New] The slow pace of electrification is putting the UK's climate targets at risk and is a missed opportunity to enhance UK energy security in the face of rising threats, leaving the UK exposed to geopolitical shocks. Climate Change Committee
• [New] Electrification is the most effective form of energy efficiency: by 2050, the efficiency of a more electrified energy system would reduce wasted energy by around half compared to today. / UK Climate Change Committee
• [New] In Asia, higher-than-normal temperatures will boost air-conditioning use and strain power grids when energy prices are already elevated. financialpost
• [New] Canada has the strong potential to grow its manufacturing base for renewable energy technologies, batteries and battery components, and other strategic applications, underpinned by its abundant low-emissions power and critical mineral resources. IEA
• [New] Average annual inflation will ease from 16.6% in 2026 to 14.4% in 2027 due to normalising energy prices, favourable base effects, and the tapering of election-related spending, creating scope for the CBN to lower rates to 24.0%. Fitch Solutions
• [New] The California Energy Commission expects peak electricity demand to grow by more than 20 gigawatts - by 2045. Energy News, Top Headlines, Commentaries, Features & Ev
• [New] Data center energy and water use are expected to double by 2030. ASLA
• [New] Renewable-energy-based hydrogen deployment is not expected to scale up until roughly 2035, and hydrogen-related energy infrastructure is expected to have multi-decade lifespans. PubMed Central (PMC)

Last updated: 26 June 2026