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] A court-mandated environmental study by the FERC will likely delay NextDecade's Rio Grande LNG and Glenfarne Energy Transition LLC's Texas LNG plants. Oil & Gas Journal
• [New] OPEC + pauses planned production increases for early 2026 as global energy leaders debate demand, sanctions, and the future of oil at the Abu Dhabi summit. Grand Pinnacle Tribune
• [New] Nuclear energy has the potential to achieve 100% reductions in CO2 emissions. SpringerOpen
• [New] A UNESCO-UCL study finds that smarter model design and use could cut AI's energy use by up to 90%. Forbes
• [New] The energy sector will require massive capital flows for renewable energy projects, grid modernization, and growing energy needs, racking up $23 trillion in estimated investment by 2040. Visual Capitalist
• [New] The transportation and energy sectors are projected to dominate global infrastructure spending, together representing more than 50% of total investment. Visual Capitalist
• [New] The energy consumption of modern AI systems is immense; data centers supporting AI operations are projected to consume 1,580 terawatt-hours per year by 2034, comparable to India's entire electricity consumption. FinancialContent
• [New] Global markets are already shifting: the International Energy Agency projects global demand for fossil fuels will peak this decade. Macdonald-Laurier Institute
• [New] An accelerated transition scenario could see oil demand peak earlier and decline more sharply, profoundly transforming the global energy system. FinancialContent
• [New] Policymakers must modernize energy infrastructure to meet AI's 117 GW global demand by 2028. OnInitiative.com
• [New] Japan has agreed to pursue investments in the U.S.' critical energy infrastructure, artificial intelligence, expanded opportunities for U.S. exports, and more. Forvis Mazars
• [New] Hydrogen could supply up to 20% of the world's energy needs by 2050, cutting global CO2 emissions by around 6 billion tons annually. News.Az
• [New] Morocco plans to phase out coal for electricity production by 2040, confirming its trajectory towards sustainable energy sovereignty and competitiveness. Capmad.com
• [New] Solar and wind power are anticipated to become the predominant energy sources by 2035, supporting both climate and economic objectives by providing affordable and swift energy solutions. Yahoo Finance
• [New] By 2050, solar and wind energy could supply nearly 70% of global electricity. The Conversation
• [New] North Carolina's incentive landscape in 2026-2027 will be heavily influenced by the rollout of its new statewide rebate program funded by the IRA and key offerings from its largest utility, Duke Energy. AC Direct
• ASEAN is set to account for more than a quarter of global energy demand growth through 2035. CSPO Watch
• Global rare earth consumption forecasts indicate sustained growth through 2035, driven primarily by renewable energy infrastructure deployment and electric vehicle adoption. Discovery Alert

Last updated: 07 November 2025