Energy [New] Depending on policy decisions taken now, the renewable energy industry could create 20,000 new jobs in the next five years or lose 11,000 jobs by 2022. [New] In other large coal power regions - Europe, China, and India - the percentage of uncompetitive coal plants is rising fast and will average over 90% by 2025. [New] Prime Minister Narendra Modi has set the national goal to achieve 100 GW of solar power generation capacity by 2022. [New] In other large coal power regions-Europe, China, and India - the percentage of uncompetitive coal plants is rising fast and will average over 90% by 2025. [New] In just five years, 73% of the global coal fleet will be uncompetitive with new renewables plus storage, equating to a savings of $141 billion in 2025. [New] China will continue to increase its greenhouse gas emissions until 2030 and is continuing to build coal plants that will operate for generations. [New] Duke Energy and Dominion Energy have pledged to reach net-zero emissions by 2050 and have turned to renewable energy sources to produce electricity that includes wind, solar, and hydroelectric power. [New] There has been very little sign that the aviation sector will deliver a proportionate contribution to the reduction in greenhouse gas emissions that is required if the UK is to achieve its target of net zero carbon emissions by 2050. [New] Three-quarters of new electricity generation capacity built in the U.S. in 2020 will be wind or solar energy. [New] The UK needs to increase its capacity for renewable generation by more than 100 GW to reach its target of net zero by 2050. [New] Electricity generated by most energy sources worldwide, with the exception of liquids, will increase in the coming years. [New] With the 0.89 billion cubic feet per day (Bcf/d) VAG pipeline entering service, EIA expects utilization of the Wahalajara system to quickly ramp up, resulting in increased U.S. natural gas exports to Mexico out of western Texas and additional takeaway capacity out of the Permian Basin. [New] Colorado Springs utility board approved plans to exit coal-fired generation entirely by 2030, helping to achieve an 80% reduction in its carbon emissions in the coming decade. [New] Energy price declines in the opening months of 2020, driven by declines in oil prices, are forecast to reverse later in the year and in 2021, boosting the headline Ireland inflation figures. [New] Climate Crisis Action Plan that aims to achieve net-zero emissions throughout the United States by 2050 and net-negative emissions by 2100, largely through sweeping reforms to federal environmental and energy laws. [New] Chemical industry growth is forecast to outpace growth in global GDP and energy demand for the next two decades. [New] Natural gas demand is expected to grow more than 35% from 2017 to 2040, largely from expanding industrial activity and increasing use in power generation as utilities switch to lower-emission fuels. [New] Natural gas demand is expected on average to increase about 0.9% per year, while oil demand is projected on average to decline by about 0.4% per year. [New] Jordan also has extremely limited primary energy resources and is forced to depend on the imported petroleum and natural gas from neighbouring countries: the rapidly increasing population, energy demand is expected to rise by at least 50% over the next 20 years, aggravating the existing shortage. [New] Renewables (mainly solar and wind energy sources) are less expensive than carbon-intensive forms of power generation in the UK and are a critical pillar to reaching net zero by 2050. [New] To meet the UK's net zero commitment, the UK must continue to remove incentives to choose gas over electricity, which is a cleaner energy source. [New] Solar power generation has increased by 65% during the period 2014-2019, and non-fossil fuel power generation has reached 37%, which places India ahead of schedule in achieving its NDC target of 40% by 2030. [New] In order for the UK NHS to reduce its greenhouse gas emissions to net zero by 2050, carbon needs to become an additional currency alongside money, understood by everyone working in the health system. See full forecast Last updated: 12 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
