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] Hammamet - Algeria launched an ambitious program to increase the use of renewable energy by 2035. Eunews
• [New] A discovery at Inishkea West could provide security of gas supply for Ireland during the transition to renewable energy, which is in line with the EU's stated goals for diversity of gas supply. rigzone.com
• [New] One of the ways to improve energy efficiency is to tap the huge potential for efficiency gains in the building sector which is the largest single energy consumer in Europe, absorbing 40% of final energy. IEA
• [New] As the pioneer region in addressing global climate change, the EU proposed a target of 40% of gross final consumption of energy being met from renewable sources by 2030, with an additional indicative share of 49% renewables in the building sector. PubMed Central (PMC)
• [New] Compared to developed countries, China as a developing country with a population of 1.4 billion, is facing greater challenges in achieving carbon neutrality before 2060, as energy demand will keep rising and the time from peak to zero emission is much shorter. PubMed Central (PMC)
• [New] To realize carbon neutrality before 2060, China will have to dramatically boost its energy utilization efficiency, diversify the use of energy sources, improve operation efficiency, and implement carbon capture and storage technologies. PubMed Central (PMC)
• [New] Understanding the drivers of VPP participation is vital to meeting the U.S. Department of Energy's target to triple VPP deployment by 2030, which would improve grid reliability while reducing carbon emissions and saving an estimated $10 billion per year. Yahoo Finance
• [New] Universal access to clean energy could help end poverty for 180 million women by 2050 and result in 6.5 million fewer deaths from indoor pollution. IISD Earth Negotiations Bulletin
• [New] New York will receive $158 million from the U.S. Department of Energy to implement a residential rebate program to help households install energy-efficient appliances. Utility Dive
• [New] Zambia Seeks Power Imports for Key Mining Sector Zambia's state-owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa's second-largest copper producer. Centro de estudos estrategicos de Africa
• [New] While the EU has not set a specific target to run on 100% renewables, it has set a target to increase the share of renewable energy sources in its energy mix to at least 32% by 2030. BuiltWorlds
• [New] The fourth version of the Energy Performance of Buildings Directive, known as the EU's Renovation Wave, aims to increase retrofitting and decrease building emissions by 60% before 2030. BuiltWorlds
• [New] Last year, the European Parliament backed a new target of 42.5% of renewable energy sources by 2030, as a part of its goal to become climate neutral by 2050. Energy Connects
• [New] The integration of AI could transform energy grids into intelligent networks that optimize energy flow and distribution, drastically reducing waste and increasing the overall stability of energy systems worldwide. IPS Inter Press Service Business
• [New] Offshore wind energy is an essential contributor to the energy transition in Europe and is expected to replace fossil fuels on a large scale. Vattenfall
• [New] Today's announcement will invest billions to ensure that affordable housing across the U.S. can access solar and increase energy efficiency and climate resilience. US EPA
• [New] High inflation, energy prices and interest rates have mired the UK in economic stagnation in recent years but all three obstacles to growth have now either fallen away already or are expected to diminish in 2024. AOL
• [New] Reducing Calgary's greenhouse gas emissions by investing in clean energy, building more efficient homes and buildings, and shifting to low emission modes of transportation is not just a responsibility - it's an opportunity. https://www.calgary.ca
• [New] Jordan aspires to develop technology to exploit renewable energy sources and the opportunities available in the energy transition in order to become a regional hub for the production and export of green energy. Fana News
• [New] By leveraging renewable energy and community-driven approaches, there is the potential for clean water to catalyze positive change and create a brighter future for generations to come in rural Africa and beyond. The Borgen Project
• [New] The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people. World Bank
• [New] National Grid's entire interconnector fleet is expected to prevent around 100 million tonnes of carbon emissions by 2030, with 90% of the energy imported from zero carbon energy sources. Prometheus Institute
• [New] Behavioural changes play an important role in the Net Zero Emissions by 2050 (NZE) Scenario, cutting CO 2 emissions and reducing growth in energy demand. IEA

Last updated: 26 April 2024