Energy Your browser does not support the audio element. [New] Global Solar Power Market is valued approximately USD 63.26 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 20.50% over the forecast period 2020-2027. [New] The demand for energy generation from renewable sources as well as fossil fuels would rise from 600 TWh at present to over 700 TWh by 2030 in Germany, primarily driven by the expansion of electric mobility. [New] Under DW, Putin succeeds in keeping crude prices in a $ 25-30 / bl target range through 2023-causing sustained damage to the US shale industry, including associated gas production - before allowing crude prices to creep higher in 2024. [New] Demand for battery storage is expected to grow to the equivalent of about half of all renewable energy generated today by 2040. [New] Temperatures exceeding 40 °C may be reached somewhere in the UK every 3.5 to 15 years by 2100 under continued greenhouse gas emissions. [New] With increasing shale output from the Permian region, the Energy Information Administration has forecast US crude production to average 12.3 million bpd in 2019 and 13.3 million bpd in 2020, compared with the 2018 level of 11 million bpd. [New] Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years. [New] The AC electric motor sales in oil and gas market and is poised to grow by USD 3106.16 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. [New] Fossil fuels would shrink to roughly half of total primary energy supply in 2050, from about 77% in 2020, if the world meets the minimum Paris Agreement target of 2 C warming. [New] By 2040 emissions remain around 3 Gt above 2020 levels, as abatement efforts are offset by the continued use of coal for power generation in Asia's growth economies. [New] A rapid V-shaped recovery could restore fossil fuel demand with a weakened energy sector by 2022, but a slowed U-shaped economic recovery could signal that fossil fuel demand has passed its peak. [New] Eurelectric - the sector association for the European electricity industry, which has around 3,500 member companies - and the European power industry will not invest in or construct new coal-fired power plants after 2020. [New] Because the construction of oil and gas pipelines is capital-intensive, and China needs to build many pipelines, a policy that restricts investment to CNPC, Sinopec and CNOOC will restrain China's pipeline development and slow the growth of its natural gas market. [New] China is striving to achieve independence for oil and gas pipelines and create a nationwide pipeline network by 2020 to support an oil and gas production, supply, storage and sales system, and deliver the ultimate goal of a coordinated oil and gas value chain by 2030. [New] By 2040, wind and solar power will account for 48% of global installed capacity and 34% of global power output, significantly higher than the current levels of 12% and 5% respectively. [New] Solar power investment will be $2.8 trillion and its installed capacity will increase by a factor of 14, and wind power investment will be $3.3 trillion and its installed capacity will rise by a factor of 4. [New] By 2050 Denmark will be free from fossil fuels and in Germany renewable energy will account for 60% of energy consumption. [New] EIA expects the electric power sector to add 23.2 gigawatts of new wind capacity and 12.6 gigawatts of utility-scale solar capacity in 2020. [New] Renewable energy is more cost-effective than ever - providing an opportunity to prioritize clean energy in national economic recovery packages and bring the world closer to meeting the goals of the Paris Agreement. [New] Achieving 10% of power generation from renewable sources would set us on a solid foundation to deliver the goal of 15% reduction in GHG from industry, power generation and transportation by 2030. [New] Renewables are expected to contribute half of the growth in global energy supplies and become the largest source of power by 2040. [New] ExxonMobil will continue to invest in efforts to reduce greenhouse gas emissions while meeting society's growing demand for energy. [New] The North Sea wind farm, earmarked to start producing energy in 2023, will have capacity to provide power for more than four-and-a-half million UK homes. See full forecast Last updated: 05 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
