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Russia-Ukraine war could slow global economic growth to 2.5% this year

12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

15 February 2022

Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry as result of escalating conflict between Russia and Ukraine, says Wood Mackenzie.

News Release

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

13 December 2021

The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

High carbon tax could erode up to 60% of Asia’s refining earnings

05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

News Release

Drought puts pressure on Brazil’s power sector

08 September 2021

The severe drought in Brazil will contribute to an extremely tight power balance in the country, new research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows.

News Release

Steel sector emissions must fall 75% under 2°C scenario

10 August 2021

Carbon emissions in the steel sector must fall by 75% from today’s levels to limit global warming to within 2 degree Celsius (°C), says Wood Mackenzie.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

News Release

Producing green LNG is key for Australia to remain competitive

17 June 2021

Australian producers need to be at the forefront of green LNG to remain competitive, says Wood Mackenzie.

News Release

Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power® Development Partner

12 May 2021

Lens® decision intelligence platform pinpoints strategic investment opportunities in utility-scale renewable generation

News Release

UK accelerates plan to cut carbon emissions

20 April 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

News Release

BMW Group must prioritise full-electric cars to meet 2030 targets

25 February 2021

BMW Group – which is comprised of BMW, Mini, Rolls-Royce and Zinoro – is targeting 7 million in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) stock by 2030, which would see over 1 million combined sales of these cars globally by the same date. However, Wood Mackenzie projects the company will only meet 61% (4.2 million) of that stock target by 2030.

News Release

US energy storage market shatters records in Q3 2020

02 December 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 476 megawatts (MW) of storage were deployed in Q3 2020. This is an increase of 240% over the previous high, set last quarter. 

News Release

Global energy storage capacity to grow at CAGR of 31% to 2030

30 September 2020

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

News Release

Key battery metals need more investment to meet climate targets

10 September 2020

According to Wood Mackenzie's Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees (Celsius), the battery raw materials supply chain requires much more investment by 2030.

News Release

US electric truck sales set to increase exponentially by 2025

10 August 2020

There were just over 2,000 electric trucks on US roads at the end of 2019. This stock is expected to grow to over 54,000 by 2025, according to new analysis from Wood Mackenzie.

News Release

General Motors to hit 5 million electric vehicle sales by 2030

14 July 2020

General Motors (GM) has set an annual target for 1 million electric vehicle (EV) sales globally by the mid-2020s. Although the company will only meet half of that target by 2026, it is expected to hit 5 million in cumulative EV sales by 2030 according to new research from Wood Mackenzie.

News Release

Australia’s energy storage capacity more than doubles to 1.2 GWh in 2020

17 June 2020

According to new research from Wood Mackenzie, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes the country’s cumulative storage capacity at 2.7 GWh this year.

News Release

US midstream takes hit as Lower 48 E&Ps turn off taps

03 June 2020

The oil price crash has hit the US Lower 48 hard. But as exploration and production companies work to mitigate the impact of the crash on their businesses, their strategies are affecting the region’s midstream players.

News Release

Vestas breaks annual wind turbine installation record

11 May 2020

Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.

News Release

Grid congestion chokes renewables investments in Eastern Australia

30 April 2020

Australia’s renewables project pipeline in the National Electricity Market (NEM) remains massive at 67 gigawatts (GW) capacity (6GW under construction and 61GW in announced projects), but the current conversion rate to firm projects is low due to grid congestion, says Wood Mackenzie.

News Release

150 GW of renewables projects in Asia Pacific at risk in a coronavirus-led recession

22 April 2020

Wood Mackenzie’s latest research shows that up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years (2020 – 2024), if the coronavirus-led recession extends beyond 2020.

News Release

Oil price rout: which supply is most at risk of shut-in?

27 March 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

News Release

US storage market sets power capacity record with Q4 2019 deployments

10 March 2020

The United States energy storage sector set a power capacity record in Q4 2019, deploying 186.4 megawatts (MW) and 364.2 megawatt-hours (MWh) of storage.

News Release

Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?

05 February 2020

In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade.

News Release

Iron ore – 5 things to watch in 2020

20 January 2020

Slower demand growth (especially in China) and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020. Prices will fall, with annual average price forecast for 2020 at $80/t.

News Release

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

14 January 2020

Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.

News Release

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

21 November 2019

Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.

News Release

Europe to spearhead renewable energy cost reductions for offshore wind through 2028

18 November 2019

Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.

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Search results: 858

Russia-Ukraine war could slow global economic growth to 2.5% this year

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Global energy storage set to triple in 2021

High carbon tax could erode up to 60% of Asia’s refining earnings

Drought puts pressure on Brazil’s power sector

Steel sector emissions must fall 75% under 2°C scenario

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Producing green LNG is key for Australia to remain competitive

Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power® Development Partner

UK accelerates plan to cut carbon emissions

BMW Group must prioritise full-electric cars to meet 2030 targets

US energy storage market shatters records in Q3 2020

Global energy storage capacity to grow at CAGR of 31% to 2030

Key battery metals need more investment to meet climate targets

US electric truck sales set to increase exponentially by 2025

General Motors to hit 5 million electric vehicle sales by 2030

Australia’s energy storage capacity more than doubles to 1.2 GWh in 2020

US midstream takes hit as Lower 48 E&Ps turn off taps

Vestas breaks annual wind turbine installation record

Grid congestion chokes renewables investments in Eastern Australia

150 GW of renewables projects in Asia Pacific at risk in a coronavirus-led recession

Oil price rout: which supply is most at risk of shut-in?

US storage market sets power capacity record with Q4 2019 deployments

Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?

Iron ore – 5 things to watch in 2020

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

Europe to spearhead renewable energy cost reductions for offshore wind through 2028