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The coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW when compared to Wood Mackenzie’s previous projections. Due to other market changes since Wood Mackenzie’s Q4 2019 update, total forecast wind additions for 2020 is now expected to be 73GW.
Despite being both the world’s largest energy market and largest carbon emitter, China’s position has long been that responsibility to reduce global emissions rests with rich countries: you broke it, you fix it.
The reality is that Northeast Asia’s carbon neutral targets will be very difficult to meet by renewables alone, given the need to massively increase electrification. With the size of its future economy, the scale of the challenge is up to 10 times greater in China than Japan or South Korea. Given this, what will be the role of nuclear?
Join Wood Mackenzie’s experts in this upcoming series of short-term power webinars, as they take a look at how US RTOs have been performing and present their expectations for the upcoming season.
During this webinar, principal power analyst Rob Whaley will present new Wood Mackenzie research on North American power markets. The webinar will cover: 1) Sagging power prices and increasing curtailment risks as renewables penetration rises 2) The strain on North American grid infrastructure as interconnection queues continue to swell 3) Disparate timelines between the deployment of renewable generation assets and the necessary grid infrastructure required to support them, and increasing risk on financiers of power projects. Plus, join the Q&A for a discussion about potential coronavirus impacts.
This clean energy headwinds outlook offers an alternative perspective on the future expansion of renewable energy generation within Mexico’s energy mix. While the investment horizon outlook represents our most informed judgment of the probable future, this case introduces a scenario where the growth in clean energy generation is slower than anticipated.
This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Asia Pacific. It includes levelized cost of electricity (LCOE) data and assumptions covering 26 key technologies including conventional power sources, renewables, energy storage, carbon capture and sequestration, and green fuel co-firing with thermal power. The geographic coverage includes…
More than just solar and storage, DER technologies like fuel cells, hydrokinetics, and combined cooling, heat and power (CCHP) are carrying water for North American microgrids. Join us for a panel discussion webinar with Schneider Electric and guests.
Market challenges driving shifts in investment
Financing any aspect of the energy transition is tough. Funding the developing world’s transition, a topic central to the first Global Energy Transition Congress in Milan two weeks ago, is one of the most complex challenges that must be overcome in tackling climate change.
Paris reset or Groundhog Day?
The Majors have shown there can be different approaches to decarbonisation and achieving net zero, but divergent strategies are showing signs of converging again.
The European Commission (EC) plans to introduce the Carbon Border Adjustment Mechanism (CBAM), which could be a first step towards a global carbon market.
EV sales shot the lights out in 2021: Tesla sold almost 1 million cars, while China and Europe accounted for 84% of global sales with subsidies a big factor.
If ambitions on climate change are high, so, too, will be the cost. We reckon a bare minimum of US$30 trillion to US$40 trillion of investment is needed to put the world on a 2 °C or lower pathway. Where’s the money going to come from? I chatted to Prakash Sharma and Jonny Sultoon of our Energy Transition team and Peter Martin, Head of Economics.
We hosted the CEOs from Shell, Total, Eni and SSE as well as senior executives from numerous other leading oil and gas companies and utilities over three days at our EMEA Energy Summit. So what were the hot topics?
Future energy demand patterns could look very different depending on policy choices and the societal response to the pandemic. Our three scenarios suggest oil demand in particular is at risk. How will the increased uncertainty influence corporate strategy? Will we see diversifying companies speed up investment in decarbonisation? What are the options for pure oil and gas players, big or small?
Three steps to tackling climate change
Wind and solar power will be hit hardest by the loss of tax credits
Can tariffs jump-start US solar manufacturing or are they putting progress at risk? Explore the policy shake-ups reshaping the future of American solar.
US energy policy is shifting - what does it mean for renewables, oil and gas?
What can we expect in the world of energy in 2024. A solar slowdown, relief for OPEC+, and the rise of blue hydrogen are among Wood Mackenzie analysts’ predictions for the year ahead.
Utilities already grappling with decarbonisation and climate risks now face growing demand from data centres to support AI applications.
The Biden administration’s pause in LNG project approvals points to new political risks for US gas exports. Blue ammonia could be a solution
Saudi Aramco invests in gigawatt-scale solar, India sets its low-carbon hydrogen standard, Engie buys battery storage in the US, and more.
News and views in brief from some of our global energy specialists, including challenges for offshore wind in Europe, Equinor buys renewables assets in Brazil, China adds to its LNG import capacity, and a potentially revolutionary scientific discovery.
Congress and President Biden are at odds over possible new duties on modules imported from Southeast Asia
Biden administration’s climate and energy strategy faces a conflict between supporting US manufacturing in low-carbon technologies and encouraging the fastest possible deployment of renewable energy.
Hurricanes are a fact of life in the Gulf of Mexico, and the energy industry has many decades of experience in managing the risks. But Hurricane Ida has been one of the most disruptive in recent years, and about 1.5 million barrels per day of US oil production is still offline. Increased rainfall and potentially higher wind speeds in future could further complicate the challenge of resilience.
The shutdown of the Indian Point nuclear plant underlines the difficulty of achieving 100% zero-carbon electricity in the US by 2035
Offshore wind in the US has lagged behind Europe, where in some countries projects are now economically viable without special subsidies. The US industry faces a different set of challenges, but state policies and the federal Investment Tax Credit have created the conditions for what could be a boom over the next few years.
The Amazon founder plans a new strategy: giving grants to scientists and activists, rather than making investments in energy technologies. That and more in this week's Energy Pulse with Ed Crooks.
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