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Global Scans · Energy · Weekly Summary


  • [New] Oil and gas will continue to play an important role in the world's energy demand for decades to come. SPE Canadian Energy Technology Conference (24CET)
  • [New] Planned increases in global clean energy manufacturing capacity provide a leading indicator of the potential for rapid increases in deployment. IEA
  • [New] Mexico What happened: Pemex, Mexico's public energy corporation, plans to reduce emissions by 30% over the next six years and become net-zero by 2050. New Lines Institute
  • [New] International credit rating agency Fitch Ratings has announced that it has raised its iron ore price assumptions for 2024, 2025 and 2026, while also increasing its coking coal price assumptions for 2024 and 2025, though keeping its coking coal price assumptions for 2026 stable. SteelOrbis
  • [New] Although hydropower is Azerbaijan's largest source of renewable energy today, its potential has not been fully exploited. IEA
  • [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] 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] Kibali continues its transition to renewable energy with the planned commissioning of a 16 MW solar plant and associated batteries in 2025. Yahoo Finance
  • [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
  • [New] As a carbon-free fuel capable of cleaning up many hard-to-abate sectors of the global economy, hydrogen will play an important role in future energy systems. H2TECH
  • [New] In the Announced Policies Scenario (APS), it falls by around 25% to 2030 and by nearly 75% to 2050 as renewables drive down the use of coal in power. IEA
  • [New] The momentum behind clean energy transitions is now sufficient for global demand for coal, oil and natural gas to all reach a high point before 2030. DW.COM
  • [New] This year, for the first time in American history, we expect energy from wind and solar in the U.S. to outpace coal generation. Energy.gov
  • [New] Installing 60 GW of offshore wind by 2030 would require increasing the yearly deployment rate by a factor of 5 × between 2024 and 2030, at a time when supply chains are increasingly constrained due to the aftermath of the Covid-19 pandemic and rising global demand. The Telegraph
  • [New] Austria's climate policy, a linchpin of Mission 2030, targets a substantial 36% reduction in greenhouse gas emissions by 2030 compared to 2005 levels. MDPI
  • [New] More than half of the energy demand is met through imports, with crude oil constituting over 90% and natural gas 66%, amounting to a significant economic risk exceeding EUR 1 billion per day. MDPI
  • [New] A broad consensus affirms the substantial potential of generating hydrogen from renewable energy sources such as solar and wind for advancing global sustainability. MDPI
  • [New] Brazil exhibits vast renewable energy potential, particularly in wind and solar energy sectors, positioning itself for substantial growth in the coming years. MDPI
  • [New] At COP 28, over 100 countries pledged to triple renewables capacity by 2030 - but while recent reports from the International Energy Agency suggest renewables capacity is at an all-time high, there is still a long way to go. Energy Monitor

Last updated: 24 March 2024



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