Energy

• The outlook for natural gas is stronger, with demand not expected to peak until 2040 even if all countries in the world strive for net-zero emissions by 2050.
• WoodMac anticipates LNG demand doubling over the next 20 years, driven by Asia's economic growth and increasing penetration - particularly where policy supports gas over coal.
• An accelerated energy transition could add 5.5 million more jobs to the global economy by 2023, compared to a business-as-usual scenario, while enabling renewable generation to grow five times faster.
• The Biden - Harris ticket entails an avowal to go 100% greenhouse gas emission-free through means of a $2 trillion initiative to ensure the U.S. electricity grid is entirely carbon emission-free by 2035, and making use of regulations and subsidies to zero out net greenhouse gas emissions by 2050.
• China will not only get out of importing coal and importing gas and over the next 40 years, but for coal, it's in the next 20 years.
• The world will continue to need oil, coal, and natural gas in the future, because energy systems cannot and will not switch to 100-percent low-carbon energy sources any time soon.
• Northern Ireland Government environmental policies such as the net zero target of reducing greenhouse gas emissions by 2050 and increased investment into infrastructure may lead to a growth in jobs .
• India is going to generate more than 450 GW of energy through renewable sources by 2030.
• Another key emitter, South Korea, announced that it would become a net-zero economy by 2050, with renewable energy generating at least 20% of its electricity by 2030.
• Decarbonizing the grid in Canada will require $129 billion in investments that would generate more than 900,000 person-years of employment over the next 10 years and slash 75 million tonnes of greenhouse gas emissions.
• Since supplies of petroleum and natural gas are essential to modern agriculture techniques, a fall in global oil supplies could cause spiking food prices in the coming decades.
• China has an opportunity now to boost the strategic sectors of the future, such as renewable energy, hydrogen, electric vehicles, green buildings, and smart grids.
• Shifting to renewable energy is an impending need and can possibly grow the world economy by 1% every year until 2050, resulting in a total gain of over US$ 52 trillion.
• Extending the EU Emissions Trading System to heating is an important step in accelerating the energy transition in buildings and delivering carbon neutrality by 2050.
• Simply reducing the share of fossil fuels in China's energy mix from 85% today to less than 25% would require $180 billion of investment each year through 2050.
• California became one of the earliest large economies to set a carbon neutrality goal, resolving two years ago to reach net-zero greenhouse gas emissions by 2045.
• Energy utilization around the world has been increasing at a steady rate from 1971 and the demand for energy is projected to increase by 55% at the end of 2030.
• Alberta's commitment to stop burning coal to generate electricity by 2030 opens the door for wind and solar to play a larger role.
• Better batteries and other energy storage technologies can open up opportunities to replace unabated fossil fuels in a variety of end-use applications and integrate more renewable energy into the energy system.
• Driven by economics and state based renewable energy targets, Australia is predicted to continue expanding its renewable generation capacity, growing from the current 10 GW of grid-scale wind and solar generation to 20 GW by 2030.
• The global aviation industry has set ambitious targets to mitigate greenhouse gas emissions from air transport, including carbon-neutral growth from 2020 and beyond, and a 50% reduction of net aviation carbon emissions by 2050.
• Considering the International Renewable Energy Association forecasts global solar PV installed capacity to grow by 200% from ~93 GW per year in the late 2010s, to 300 GW per year by 2030, then absolutely - Jinko's revenues could rise ~100% by 2030.
• The Green New Deal should include plans to produce all electricity in the United States from renewable sources by 2030, provide universal health care to all Americans, guarantee every American a job, and a whole lot more.

Last updated: 04 October 2020