Global Scans · Affordable and Clean Energy · Weekly Summary

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.

• [New] Overall energy consumption, measured in oil-equivalent units, is expected to grow 23% by 2050 to 378 million barrels of oil equivalent per day, underscoring oil's enduring role in global development. GCC BUSINESS WATCH
• [New] Leading up to the December ministerial meeting, the International Energy Agency warned of a potential surplus of nearly 4 million bpd in 2026, driven by record output from the United States, Brazil, and Guyana. FinancialContent
• [New] Annual total electricity consumption nationwide is expected to surpass 10 trillion kilowatt-hours for the first time, with the installed capacity share of renewable energy generation rising to approximately 60%, leading global green energy transformation. CGTN
• [New] Technology group Wartsila will deliver a 100 MW / 223 MWh battery energy storage system for innovative Australian renewable energy retailer, Flow Power. Wartsila.com
• [New] The Nao Victoria will consist of up to 55 wind turbines, each with a capacity of 18 MW, and is expected to generate clean energy for over 670,000 households upon completion. Market Research Company - Blackridge Research & Consult
• [New] In solar manufacturing, a memo from the Ministry of New and Renewable Energy warned lenders about potential oversupply in photovoltaic (PV) solar modules and recommended prioritizing finance for integrated facilities that include upstream stages (e.g., cells, ingots and wafers). New Energy Industrial Strategy (NEIS) Newsletter
• [New] With global energy consumption expected to rise by nearly 50% by 2050 - requiring cumulative investments exceeding US$ 275 trillion - the event gains greater importance. tradearabia
• [New] In 2026, the sharpest growth in BEV deployment is expected in Australia, Canada, Sweden, Finland and Chile, where national policies, renewable-energy availability and strong miner-OEM collaboration are creating conducive adoption environments. Mining Technology
• [New] EIA forecasts U.S. crude oil production will decrease slightly in 2026 U.S. Energy Information Administration - Today in Energy The latest Short-Term Energy Outlook predicts U.S. crude oil production will average 13.5 million barrels per day in 2026, a 100,000 b/d decrease from 2025 levels. Marcellus Drilling News
• [New] Between 2025 and 2050, global energy consumption rises by 17% under Current Trends, with a nearly nine-fold increase in wind and solar. MIT News | Massachusetts Institute of Technology
• [New] Global investment in renewable energy, particularly solar photovoltaic and wind, is expected to accelerate further. FirstPost
• [New] Globally, solar will overtake gas generation in 2033 and coal one year later, with renewables' share of the energy mix rising to 50% by 2050. WoodMac.Site.Features.Shared.ViewModels.Metadata.Publis
• [New] The International Energy Agency forecasts supply will exceed demand by 3.85 million bpd in 2026, the equivalent of around 4% of global demand. gCaptain
• [New] Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany's future heating needs. Insurance Journal
• [New] Renewables are booming worldwide and are expected to grow more quickly than any major energy source over the next 10 years with more projects in the next five years than in the last 40. The Guardian
• [New] The prototype commercial power plant, Da Vinci, targets operation in the early 2030s to demonstrate net energy and grid-connected electricity using hydrogen-boron (p - ¹ ¹ B) fuel for clean, aneutronic fusion. NextBigFuture.com
• [New] Energy outlooks toward 2035 indicate that global renewable energy capacity could triple, while transmission and distribution infrastructure would need to double to keep pace with electrification, storage deployment and new demand patterns. Strategic Energy Europe
• [New] Renewables such as solar and wind could supply 75% of global energy demand if we invest on a large scale. valorinternational
• [New] The noticeable rise in energy inflation to 2.2% in 2028 is seen to be driven mainly by the implementation of the EU Fit for 55 package, particularly the new ETS2 for the heating of buildings and for transport fuels, which is estimated to contribute 1.9 percentage points to energy inflation in 2028. European Central Bank
• [New] An expected reduction in electricity prices in Germany, driven by lower network fees, is seen as contributing to the decline in energy prices seen in early 2026. European Central Bank
• [New] The sharp decline in energy inflation during the first quarter of 2026 is largely attributed to a pronounced downward base effect in the transport fuels component. European Central Bank
• [New] Energy inflation is projected to remain subdued until late 2027, before rising notably in 2028 with the introduction of ETS2. European Central Bank
• [New] Excluding the impact of ETS2, headline inflation would remain slightly below target in 2028, as energy inflation dynamics excluding ETS2 remain very low by historical standards. European Central Bank

Last updated: 28 December 2025