Healthtech [New] General Motors plans to install 2,700 new electric-vehicle chargers in the U.S. in order to boost demand for battery-powered cars and compete with Tesla in the EV auto market. [New] In 2020, the median kilowatt-hour generated in the UK will come from a plant of 596 MW of capacity. [New] In the future, an improved supply chain will help support Canadian productivity growth efforts and improve Canadian presence on global markets, generating more than 16,000 jobs and contributing $16.5 billion of GDP by 2028. [New] The UK's electricity system could become negative by 2033 if carbon capture technology is used alongside renewable energy generation. [New] In 2012, 54 metropolitan cities and their hinterlands accounted for 40% of India's GDP, and by 2025, 69 metropolitan cities, combined with their hinterlands, will generate over half of India's incremental GDP between 2012 and 2025. [New] Australia is set to see its own rapid demise of coal fired generation capacity, with the updated Integrated System Plan recently published by the Australian Energy Market Operator again highlighting that the vast majority of Australia's coal fleet is expected to shutter by 2040. [New] The United Kingdom has set a target to exit coal generation altogether by 2025, but Global Energy Monitor forecasts that a complete coal phase out could be achieved well before then, with the UK already reducing its coal power generation by 82% over the last decade. [New] Global shocks which have resulted in plummeting oil prices will negatively affect the revenues generated from oil production in Guyana. [New] The Environment Ministry wants at least 40% of electricity to be generated by renewables by 2030, while the Energy Ministry is sticking by 30%, with 70% to be provided by natural gas, claiming that by reaching 30% Israel will become a world leader in solar energy. [New] Hydrogen can account for 24% of global final energy demand and 5.4 million jobs by 2050, playing a sectoral integration role to support the decarboni s ation in industry, transport, power generation and buildings. [New] As the world's largest digital payments industry, China is expected to generate USD 1.9 trillion worth transactions, or nearly 45% of all digital payments in 2020, while the US will account USD 895.7 billion in transaction value and a 20% market share in 2020. [New] Tax revenues as a share of GDP in Wales broadly match the average for OECD countries: Increasing revenues as a share of GDP to the average of Eurozone countries could generate an additional £4.7 billion in revenue. [New] While developing markets will continue to account for 70% of consumer goods growth, the mix of geographies has shifted, with emerging Asia generating far more growth than other developing markets (representing about half of global private consumption growth over the next 10 years). [New] The UK's electricity grid could capture, offset or absorb more carbon than it emits by as early as 2033, if efforts to scale up renewable energy generation and carbon capture technologies are accelerated. The United States announced a $12.1 million economic aid package for Greenland, which has vast deposits of rare earth minerals that could be used in everything from military weapons to generation of renewable energy. In the case of nuclear energy, more than 90% of respondents felt that its generation capacity in India will go up in the next decade. Commenced operations at Michigan's largest wind park; the first of four new wind parks coming online in 2020: New wind parks will increase clean energy generation capacity by more than 50% in 2020 and will offset 1.2 million metric tons of CO 2 emissions annually. Over the last few years, Taiwan has expanded its renewable energy capacity significantly and become a regional leader on offshore wind, having set a goal of generating 20% of its electricity from renewables by 2025. Compared with business-as-usual, the circular economy has the potential to generate savings of USD 200 billion per year, reduce greenhouse gases by 25%, and create 700,000 net additional jobs by 2040, making it a clear opportunity to build back better. In the case of France the proposal to reduce the share of nuclear generation from currently 75% to 50% by 2035 has been applied. Doubling the energy efficiency of air conditioning by 2050 would reduce the need for 1,300 GW of additional electricity generation capacity to meet peak demand, the equivalent of all the coal-fired power generation capacity in China and India in 2018. Increasing steel efficiency in end-use applications could generate annual cost savings of up to $210 billion by 2030 in reduced material usage and energy demand. Reducing food loss and waste in the food supply chain - from farm to retail - is a similarly large and critical opportunity that could generate annual cost savings of $365 billion by 2030. See full forecast Last updated: 09 August 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
