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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] The Agogo floating storage production and offloading vessels (FPSO) will be operated by Yinson Production in the West Hub field of Block 15/06 offshore Angola for Azule Energy, which is a joint venture between BP and Eni. Ocean Energy Resources
  • [New] Greater resilience to climate change impacts will be essential to the technical viability of the energy sector and its ability to cost-effectively meet the rising energy demands driven by global economic and population growth. IEA
  • [New] Ukraine has substantial potential as a producer of natural gas, renewable energy and nuclear power. Bruegel | The Brussels-based economic think tank
  • [New] The cost of solar power will be cut in half and the cost of wind energy by a quarter by the end of this decade. AXA IM Corporate
  • [New] The AGOGO FPSO will be operated by Yinson Production in the West Hub field of Block 15/06 offshore Angola for Azule Energy. Blue Water Shipping
  • [New] Developing a hydrogen economy is an opportunity for a just transition in Africa that ensures nobody is left behind - one that drives sustainable economic growth, creates millions of new jobs, increases access to affordable clean energy. Hydrogen Council
  • [New] To achieve net zero emissions by 2050 in line with global targets, grid operators are under pressure to deliver upgrades to current infrastructure that can meet higher consumer demand for electricity in future and do so sustainably by connecting to renewable energy sources. BBC News
  • [New] Pairing cryptocurrency mining-notable for its outsize consumption of carbon-based fuel - with green hydrogen could provide the foundation for wider deployment of renewable energy, such as solar and wind power. Tech Xplore
  • [New] Mineral requirements for renewable energy technologies must be quadrupled by 2040 to reach the goals of the Paris Agreement, and the World Bank estimates a 500% increase in the demand for transition minerals. Interaksyon
  • [New] The UK and Scottish governments have both set targets for 2030 that include a significant increase in generation from renewable energy. Daily Mail
  • [New] Skill Development and Technology Collaboration - India and EFTA states will cooperate on skill development, vocational training, and technology collaboration in areas of mutual interest, such as earth science, telemedicine, and renewable energy. Bankopedia
  • [New] Although hydropower is Azerbaijan's largest source of renewable energy today, its potential has not been fully exploited. IEA
  • [New] India's nuclear power, despite offering cost-effective energy solutions compared to solar power, constitutes only 1.6% of its renewable energy mix due to concerns such as stigma, safety risks, regulatory challenges, high initial costs, and project delays. Optimize IAS
  • [New] With portfolio companies including some of Australia's leading renewable energy and sustainable off grid power solutions businesses, we have an important role to play in Australia's energy transition which will need to be delivered through a decentralised solution. Thailand Business News
  • [New] The United States Department of Energy has set aside a total of $44 million to improve the reliability of clean power distribution, including $34 million for tools that will advance a clean, reliable electricity grid run on wind and solar energy. rigzone.com
  • [New] The more wind and solar energy added in the Netherlands in the coming years, the more storage capacity the Dutch energy system will need. IO
  • [New] Argonne-led studies investigate how hydropower could help Alaska add more clean energy to its grid, how it generates value as grids add more renewable energy, and how liner technology can improve hydropower efficiency. Tech Xplore
  • [New] India has a short-term target of increasing its renewables capacity to 500 gigawatts by 2030, and meeting 50% of its energy requirements from renewables by then, with the long-term goal of achieving net zero emissions by 2070. BBC News
  • [New] Extraction of critical minerals will need to increase fivefold by 2050 to meet the demand for clean energy technologies. BBC News
  • [New] Despite substantial emissions (96.4%) from energy-related sectors and a policy framework lacking gender and social inclusivity, Bangladesh recognizes the potential of renewable energy to enhance energy security and sustainability and reduce greenhouse gas emissions. PubMed Central (PMC)
  • [New] The integration of renewable energy sources has the potential to amplify the energy security of Bangladesh and mitigate its dependence on natural gas. PubMed Central (PMC)
  • [New] The rapid expansion of renewable energy sources is crucial to achieving net-zero carbon goals, with the share of renewables projected to reach 60% of electricity generation by 2030 and 90% by 2050. PubMed Central (PMC)
  • [New] Prime Minister Narendra Modi has promised that renewable sources such as solar and wind power will fulfil 50% of India's energy requirements by the end of this decade. CNN

Last updated: 29 March 2024



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