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] Saudi Arabia's Vision 2030 aims to generate 50% of its electricity from renewable sources, while the UAE's Energy Strategy 2050 targets 44% clean energy in the energy mix. pv magazine International
• [New] One major focus is to increase electricity production through a diversified energy mix, aiming to add a significant amount of energy from solar, natural gas, wind, geothermal, and other sources by 2030. The Chanzo Inititative
• [New] Natural Gas Share Rising: India aims to raise natural gas share in energy mix from 6% to 15% by 2030, in line with net-zero targets for 2070. Wordpandit
• [New] Canada's focus on sustainability and energy equity will make it a trailblazer by addressing climate challenges and improving living standards in isolated regions. Market Data Forecast
• [New] Offshore wind farms help reduce carbon emissions; the Global Wind Energy Council states that offshore wind could prevent approximately 3.5 billion tons of CO2 emissions globally by 2050 if current growth trends continue. Market Data Forecast
• [New] The energy demand will grow between 25% to 30% by 2040 with companies and governments trying to find sustainable and low-carbon emission energy sources. Research and Markets
• [New] Germany might seek to diversify its energy sources, reducing its dependence on Russia and potentially increasing demand for American LNG. archyde
• [New] By reducing reliance on fossil fuel imports, Europe can enhance its energy security and reduce exposure to geopolitical risks. thediplomaticaffairs.com
• [New] The REPowerEU plan, launched in response to the energy crisis, aims to phase out Russian fossil fuel imports by 2030 and accelerate the transition to renewable energy. thediplomaticaffairs.com
• [New] The war in Ukraine has underscored the risks of relying on external energy suppliers and accelerated efforts to diversify energy sources and reduce dependence on Russian gas. thediplomaticaffairs.com
• [New] The EU's Solar Energy Strategy, part of the REPowerEU plan, seeks to accelerate the deployment of solar energy, with a target of 320 GW of solar PV capacity by 2025 and 600 GW by 2030. thediplomaticaffairs.com
• [New] If India moves from traditional biomass and coal energy sources to renewable electricity, it could reduce carbon dioxide, sulfur dioxide, nitrogen oxides, and black carbon emissions by 67%, 87%, 89%, and 99%, respectively, compared with the projected 2070 business-as-usual levels. The BMJ
• [New] Singapore is set to import renewable energy from Vietnam, Indonesia, and Cambodia, which will help meet its ambitious goal of achieving net-zero emissions by 2050. The Independent Singapore News
• [New] LG Energy Solution announced that it has signed an agreement with PGE, Poland's largest energy sector company, to supply 981 MWh of grid-scale ESS batteries between 2026 and 2027. Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide...
• [New] The pre-election policy would see aluminium producers paid a yet-to-be-determined amount for every tonne of the metal they made using renewable energy before 2036, and is similar to measures in place for critical minerals and solar panels. ABC News
• [New] Frost & Sullivan projects that by 2035, corporate PPAs will drive over 25% of global wind and solar development, cementing their role in the energy transition. Frost & Sullivan
• [New] The next decade will be critical for scaling renewable energy solutions, with advances in grid resilience, electrification of transportation, and energy efficiency playing key roles in meeting global climate goals. Gadget Insiders
• [New] As global demand for clean energy accelerates, continued investment in advanced materials, AI-driven optimizations, and scalable energy storage will be crucial in ensuring that renewable energy replaces fossil fuels on a global scale. Gadget Insiders
• [New] In addition to nuclear energy, the absence of CCS will result in China needing to invest 44% more in wind and solar energy after 2040. Center for Global Sustainability
• [New] Based on the IEA's Announced Pledges Scenario, the growth of next-generation geothermal could result in significantly smaller overall land use requirements due to the decreased need for buildout of clean energy sources like solar and wind. Clean Air Task Force
• [New] The UAE might be eyeing Africa's LNG sector as well, as it expects natural gas to contribute more significantly to its energy mix by 2050, but currently relies on Qatar for nearly one-third of its supply. European Council on Foreign Relations (ECFR)
• [New] If a new natural gas plant serves as a baseload energy source - operating over 40% of the time - then beginning in 2032 it must capture at least 90% of its carbon emissions. ScienceDaily
• [New] As Europe shifts from imported fossil fuels to domestic renewable energy, the demand for aluminium wire in power infrastructure is expected to surge. alcircle

Last updated: 28 March 2025