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] Investors need to focus on a few companies that will benefit from longer-term trends around energy demand and the growth of data centers and A.I. demand. CNBC
• [New] Demand for long-lasting energy storage is accelerating and that offers a rare opportunity for U.S. and European clean technology companies to compete with China in its globally dominant battery sector. Los Angeles Times
• [New] The EU has warned member countries against the early closure of nuclear power plants as it unveiled measures aimed at alleviating the impact of an energy crisis caused by the conflict in Iran and reducing the economic bloc's long-term fossil fuel dependency. The Independent Global Nuclear News Agency
• [New] By 2026, energy storage capacity is expected to grow by more than 25%, ensuring consistent supply even during low-generation periods. / India Tata Power
• [New] As India continues its journey toward net-zero emissions, renewable energy growth in India will remain central to achieving national and global sustainability goals. Tata Power
• [New] Following the start of Russia's full-scale invasion of Ukraine, the EU raised its target for the share of renewable energy sources in gross final energy consumption from 32% by 2030 to 42.5%. Stiftung Wissenschaft und Politik (SWP)
• [New] The share of electricity in final energy consumption, which was fairly constant at 20% in the 2010s, will need to rise to 49% by 2040. EurekAlert!
• [New] Advanced economies' new NDCs imply the sharpest decrease in energy-related emissions, at 5.5% annually to 2035. IEA
• [New] Developed countries, having already industrialized and reached peak emissions, should aim for carbon neutrality by 2040 to pave the way for global neutrality by 2050, alongside a dual-track approach, combining the expansion of renewable energy with the clean use of fossil fuels. IISD Earth Negotiations Bulletin
• [New] The Government of the Republic of Namibia has committed to increasing the share of renewable energy in the national energy mix from 54% to 70% by 2040, as outlined in the Sixth National Development Plan and the Namibia Energy Compact. Namibia Oil and Gas - Namibia Oil and Gas is Namibia's
• [New] The escalation of tensions in the Middle East in March has added to uncertainties surrounding the trade outlook, raising concerns over possible supply chain disruptions and higher energy costs as the Strait of Hormuz faces disruptions. The Edge Malaysia
• [New] The war in the Middle East has triggered a new energy disruption that is now testing Asia's economic resilience. Vietstock
• [New] The research provides a blueprint for harnessing the vast, untapped potential of animal and human waste to reduce the U.S.'s reliance on synthetic fertilizers, which are energy-intensive to produce, harmful to the environment and often made overseas. Cornell Chronicle
• [New] The waiver extension is a strategic gain for India, it strengthens India's energy security in the short term, the longterm solution lies in diversification and renewable energy adoption to reduce vulnerability to geopolitical shocks. Ekam IAS Academy
• [New] The share of fossil fuels in the energy mix falls from 81% today to 35% in 2050, while electricity is generated almost entirely from low-carbon sources. Cision PR Newswire
• [New] As the world goes through the biggest energy supply shock since the 70s, the health movement's message is that a post-fossil economy will be more resilient, healthier and can deliver greater justice and well-being. The Global Climate and Health Alliance
• [New] A German-American experiment off California could change how the world stores renewable energy. Ocean Rising
• [New] The constellation, referred to as 'Project Sunrise', is described as a network of spacecraft that will perform advanced computation in orbit to ease mounting pressure on U.S. communities and natural resources by shifting energy - and water-intensive compute away from terrestrial data centers. Fieldfisher
• International Energy Agency, Global electricity demand is set to grow strongly to 2030, underscoring need for investments in grids and flexibility, 2026. BlackRock
• At COP 30, 33 nations committed to triple global nuclear capacity by 2050, acknowledging that renewables alone may not be sufficient to meet future demand and that nuclear energy will be essential for reaching net-zero emissions. The Climate Historian
• Helion Energy has a signed power purchase agreement with Microsoft targeting 2028 grid delivery. The ClimateTech Memos

Last updated: 24 April 2026