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Carbon emissions

6/3/2024 News

Major clean energy growth limited the rise in global emissions in 2023, says IEA

Global energy-related CO₂ emissions increased in 2023 as exceptional droughts hit hydropower. However, the rise was lower than in 2022 even as total energy demand growth accelerated, thanks to the expansion of technologies such as solar photovoltaics (PV), wind, nuclear and electric vehicles (EVs), according to the latest report from the International Energy Agency (IEA).

EI Statistical Review of World Energy

Graphic of Statistical Review header, showing title, and CGI sinusoidal waves in various colour of the rainbow traversing horizontally across image

20/6/2024 News

New Energy Institute data highlights year of global records

The Energy Institute has today published the Statistical Review of World Energy, providing the first complete set of data on energy production, consumption and emissions for all energy types around the world for the calendar year 2023. The Review is available as a free downloadable report and dataset.

Renewables

Wind turbines and solar panels at sunset

30/10/2024 News

Renewables continue steady progress to undercut fossil fuels in LCOE price

Wind and solar power are leading the way in reducing the levelised cost of electricity (LCOE) in 2024, according to the latest analysis from Wood Mackenzie. Although there are regional variations, the company reports that ‘overall, renewables are on a steady path towards outcompeting traditional fossil fuel sources’.

Renewables

Graphic of solar panel with flag of China across panels

13/8/2025 News

China’s renewable energy expansion continues apace as overseas facilities bypass trade restrictions

Chinese renewable energy manufacturers continue to expand their global footprint despite mounting trade tensions, according to the latest analysis by Wood Mackenzie. Across the wind, solar and battery sectors, it counted a total of 114 manufacturing facilities strategically positioned in the Middle East, Asia-Pacific and Europe.

Biofuels

27/11/2024 News

Big Oil bets on biofuels as part of energy transition

The world’s leading oil and gas companies are ramping up investments in biofuels as they navigate the energy transition, with more than 40 projects planned by the end of the decade, according to Rystad Energy’s latest analysis.

Greenhouse gases

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

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.

COP

A graph showing emissions before and after Paris Agreement

12/11/2025 News

Paris Agreement will reverse emissions growth after 2030, shows NDC analysis – plus pre-COP report roundup

Based on the latest NDCs, nationally determined contributions, the UN Climate Change Secretariat has forecast that total greenhouse gas (GHG) emissions in 2035, including from countries that have not submitted NDCs, could decrease by 12% compared to 2019 levels with land use, land-use change and forestry. Without land use, land-use change and forestry, emissions would drop by 7% compared to 2019 levels. Before the adoption of the Paris Agreement, emissions were projected to increase by between 20% and 48% compared to 2019 levels.

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

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.

New Energy World™

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