Affordable and Clean Energy (7)

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.

[New] Brazil has made strides in wind and solar projects: Non-hydro renewables will grow 3 percent annually, to reach 28 percent of the domestic energy mix by 2027.
[New] Existing plans to end global energy poverty by 2030 are not fast enough and should be more ambitious.
[New] Global Gas-to-Liquids Processes for Chemicals and Energy market is accounted for $9.82 billion in 2015 and is expected to reach $15.50 billion by 2022 growing at a CAGR of 6.7%.
[New] US shale production will peak at 14.5 million b/d around 2030, Rystad Energy forecast, saying US light, tight oil represented less than 1% of world oil supply 9 years ago but represents close to 10% of total world oil supply in 2019.
[New] The Energy Information Administration (EIA) recently revised its 2020 forecast for Henry Hub spot price to $2.55 / MMBtu: Goldman Sachs expects average prices to be $2.50 / MMBtu in 2020-2021.
[New] Chile will generate 65 percent of its electricity from renewable energy by 2035, and has imposed strict new energy efficiency standards on manufacturing, mining and transportation.
[New] The Energy Information Administration, projected in its 'Energy Outlook 2018' further growth in installed renewable capacity, which it estimates will rise from 191 GW in 2016 to 408 GW by 2050.
[New] In the UK alone, the offshore oil and gas decommissioning sector will be worth around £15 billion over the next decade within the UK continental shelf.
[New] More than 11 million additional wind turbines could be theoretically installed over almost 5 million square kilometres of suitable terrain generating 497 EJ of power which would adequately meet the expected global energy demand in 2050 of 430 EJ.
[New] Critics will no doubt argue that the naturally intermittent supply of wind makes onshore wind energy unsuitable to meet the global demand.
[New] The government will auction off 40 gigawatts of wind and solar energy capacity every year until 2028 as part of its plan to produce 40 percent of its power from renewables by 2030.
Global energy market will add an additional 330 GW of new wind energy capacity from 2019 to 2023, bringing total capacity to over 900 GW.
The global storage market could reach more than $26 billion in annual sales by 2022, a compound annual growth rate of 46.5 percent.
With the 2030 EU targets for energy efficiency (32, 5%) and renewable energy (32%), it is expected that the EU will actually be able to reduce its CO2 emissions by 45% by 2030, well beyond the 40% Paris agreement commitment.
The opportunity that has become clear to the decentralized energy community is the idea of capturing waste heat and putting it to use locally.
Germany's energy storage market is forecast to register a growth rate of over 3% by 2025, with the government's goal of meeting 65% of its electricity consumption from renewable energy by 2030, cited as a key driver.
Xcel Energy's projected 2021 fuel mix for the Upper Midwest includes 30 percent wind and 10 percent other renewables, expected to result from an increase in the use of wind and solar power and by offering customers additional renewable and energy-saving options.
Current estimates are that global energy demands will increase by 25 per cent by 2040 and energy demands in the Middle East alone will grow by 50 per cent by 2035.
The Primoral wind energy plant, located in Villamayor de Gállego, in Zaragoza, Spain, will be operational by the end of 2019 and has meant an investment of 34 million euros.
Energy demand, led by swelling populations in emerging economies in Asia and Africa, will increase by at least 25 per cent by 2040.
Nearly half of the world's electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet.
The global demand for meat, much like energy needs, will continue to increase in the coming decades.

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Last updated: 16 September 2019