Resources

• [New] Saudi Arabia aims to boost its renewable energy resources in its total energy share by producing nearly 9.5 GW of energy from sustainable energy sources by 2023, of which solar photovoltaic (PV) generation comprises a considerable portion.
• [New] By 2030 in IEA's scenario, a mere decade away, the share of the world's electricity drawn from renewable resources will have doubled.
• [New] For climate, Climate Policy Initiative estimates that between $1.6 and $3.8 trillion will be required every year through 2050 for supply-side energy generation only-compared to $546 billion actually deployed globally in 2018.
• India's INDC targets: Reduce emission intensity by 33 to 35 per cent by 2030 compared to 2005 levels: Produce 40% of electricity from non - fossil fuel based energy resources by 2030, if international community helps with technology transfer and low cost finance.
• Scotland's unique selling points, are its natural resources, infrastructure and skilled energy workforce which enable us to become the producer of lowest cost hydrogen in Europe by 2045.
• Chile has the potential to become one of the cheapest producers of green hydrogen worldwide and hopes to become a top global exporter by 2040.
• Canadian Natural Resources, Suncor Energy, and Imperial Oil - three of Canada's top producers - have forecast higher output in 2021 and bumped up their budgets.
• Fossil Fuel Based Electricity - To achieve about 40% cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology and low cost international finance including from Green Climate Fund.
• Fujitsu plans to decarbonize its own business by 2050 using ICT, while working to mitigate and adapt to the impacts of climate change and to prevent and mitigate disasters as well as conserve water resources, through its business activities.
• The 2019 United Nations Economic Commission for African (UNECA) Economic Report on Africa emphasizes that countries' ability to achieve the Sustainable Development Goals (SDGs) by 2030 would depend on choices made now about fiscal policy and resource generation.
• The coming decades will bring changes to the Arctic region that will have a significant impact on the global economy, given its abundance of natural resources and strategic location.
• With a new administration poised to reign in 2021, alternative energy stocks are gaining traction, as the coming year may be more focused on clean and renewable energy resources versus coal and oil.
• By 2030, with a projected 8.5 billion people, global demand is expected to increase 35% for food, 40% for water and 50% for energy.
• Oil prices have so far risen recently to nearly $50 a barrel, but with the pandemic still keeping the pressure on oil demand, it is unlikely that prices are headed much higher in 2021.
• Indus basin countries would need to ramp up investments to US$ 10 billion per year to mitigate water scarcity issues and ensure improved access to resources by 2050.
• The Air Resources Board is at work on the next state regulation for cars and light trucks and has stated that it will attempt to complete the Advanced Clean Cars II Rule by the end of 2021.
• Food waste is a problem not just because it adds to Singapore's only landfill - which is expected to be full by 2035 - but also because of the significant amount of resources and energy wasted that goes into growing, processing and transporting food.
• Using the opportunity of Australian coal ships to stay in Chinese ports, Tek Resources aims to export about 7.5 million tons of coking coal to China in 2021.
• All up, the latest Resources and Energy Quarterly forecasts Australia's metallurgical coal export volumes to edge down by around 5 million tonnes in 2020-21 to 172 million tonnes, due to lower global demand, before lifting in 2021-22, as world steel production recovers.
• Gains from digital agriculture could add AUD $24.6 billion to Australia's GDP and create a A$ 100 billion agriculture industry.

Last updated: 13 January 2021