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Greenhouse gases

Aerial view of solar and wind farm

29/11/2023 News

When will global greenhouse gas emissions peak?

A new report finds that maintaining current solar, wind and electric vehicle (EV) growth rates could lead to peak greenhouse gas (GHG) emissions this year, 2023. Meanwhile, other analysis warns that methane emissions from coal mines may be double official estimates.

Transmission and distribution

Pylons and transmission lines at sunset

21/2/2024 News

Power grids require $3.1tn investment worldwide by 2030

Renewable energy developments continue at break-neck speed, with $644bn to be spent on new capacity in 2024, but outdated and inadequate power grids could prove to be a significant stumbling block to the energy transition, new research from Rystad Energy has found. If the world is to limit global warming to 1.8°C above pre-industrial levels, $3.1tn of grid infrastructure investments are required before 2030.

Geothermal

Aerial view of hotel and lagoon in Iceland

5/10/2022 News

Full steam ahead – European geothermal heating capacity forecast to reach 6.2 GWt by 2030

The European geothermal heating market is set for success over the coming years as governments scramble to find an affordable alternative to expensive gas-fired heating, recent Rystad Energy research shows. Total installed capacity is projected to surpass 6.2 GW thermal (GWt) in 2030, a 58% increase from today’s total of 3.9 GWt, developments that are expected to cost an estimated $7.4 bn*.

Carbon emissions

Coal cargoes at Port Bayuquan, China

20/3/2024 News

China could miss its key climate commitments

China is badly off track to meet climate targets the country set for 2025, as a result of an increase in coal use and investment in coal power, and a rise in oil consumption, which led to a 5.2% increase in energy sector CO₂ emissions in 2023, suggests new analysis.

Renewables

Wind turbines and solar panels in foreground against mountainous landscape

14/12/2022 News

‘Unprecedented’ growth in renewable power

The global energy crisis has triggered unprecedented momentum behind renewables, with the world set to add as much renewable power in the next five years as it did in the past 20, according to the latest report by the International Energy Agency (IEA).

Carbon capture and storage

The WA Parish plant in Texas

17/5/2023 News

Proposed US CCS projects need ‘careful review’

The US Department of Energy (DOE) recently selected five coal-fired power projects for potential funding in its carbon, capture and storage (CCS) programme. However, the Institute for Energy Economics and Financial Analysis (IEEFA) says the proposed projects need ‘careful review for cost and technology risks’.

Electric vehicles

Illustration of electric cars being charged in rows

19/6/2024 News

EV sales headed for record year of growth

Rapidly falling battery prices, advancements in next-generation battery technology and improving economics of electric vehicles (EVs) relative to internal-combustion engine counterparts continue to underpin long-term EV growth globally, according to a new report by BloombergNEF (BNEF). But the window to reach global net zero transport ambitions is now ‘narrower than ever’.

Energy transition

Wind turbines and gas plant reflected in solar panel

7/12/2022 News

Credible way to stay on track for climate goals ‘still exists’

‘Plausible’ pathways still exist to get on track for well below 2°C of global warming, if governments and companies take determined action to transition to low-carbon energy technologies, according to the latest report from BloombergNEF (BNEF).

Carbon capture, usage and storage

Aerial view of the The Northern Lights project

13/9/2023 News

Carbon shipping on the rise as emitters search for large-scale storage options

Transportation of CO₂ is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to new Rystad Energy research.

Wind

Offshore wind turbines and support structure

5/7/2023 News

New wind developments could face supply issues

The Hollandse Kust Noord offshore wind park has begun operation and delivered its first power via TenneT’s offshore grid to the Dutch mainland. Elsewhere, milestones have been met at wind developments in the UK, Ireland and the US. However, growing demand for offshore wind turbine towers looks set to surpass manufacturing capacity in the next five years.

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