Global Scans · Responsible Consumption and Production · Weekly Summary

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 12: Ensure sustainable consumption and production patterns.

  • [New] Thailand has guidelines to increase the production of electricity from clean and renewable sources by at least 50% within 2040. The Star
  • [New] If Labour's rumoured tax plans are implemented, investment in the UK oil and gas sector will be reduced by £20bn over the next 10 years, which would result in UK production being halved compared to what it would be otherwise. The Telegraph
  • [New] Equinor Energy AS will further develop the gas infrastructure in the Troll West gas province to accelerate production and maintain current gas export levels. Oil & Gas Journal
  • [New] GLOBAL oil markets are likely to witness some supply tightness in the second half of 2024 on growing expectations that OPEC and its allies will roll over their production cuts when they meet in early June, while robust seasonal demand could pull down crude inventories. The Star
  • [New] In order to meet the EU decarbonization targets, the EU Member States committed to collectively achieve a share of renewable energy in the EU's final energy consumption by 2030. European Climate, Infrastructure and Environment Executive Agency
  • [New] While the European Union wants production limits and an end to plastic pollution by 2040, the United States wants individual country plans similar to the Paris Accord, most likely to avoid the need to get Senate ratification. IER
  • [New] The production of plastics accounts for some 5% of carbon emissions and could grow to 20% by 2050 unless limited. IER
  • [New] Volvo said its high-volume production experience, combined with stringent autonomous quality processes, will give enable it to produce autonomous trucks to meet industry demand. The Robot Report
  • [New] As political tensions grow with China, electronics manufacturers are looking to mitigate risk by finding new sources of materials and production. ETQ
  • [New] Oft-cited estimates by the Food and Agriculture Organization of the United Nations state that feeding 9.1 billion people in 2050 will require raising food production by 70%; production in the developing countries would need to almost double. AgFunderNews
  • [New] The International Energy Agency in the past has shown forecasts of future oil production assuming that inflation-adjusted oil prices will rise to $300 per barrel. Our Finite World
  • [New] The FTA with the UK is anticipated to minimally impact the growth of goods exports, given that more than half of Indian products already enter the UK with low or no tariffs. Mint
  • [New] AGA's announcement follows the release of 2024's Federal Budget which will pour an estimated $8 billion into incentives over 10 years to support the production of green hydrogen. pv magazine Australia
  • [New] Brazilian production is projected to increase 15 MMT to 169 MMT in 2024/25, and Brazilian exports are projected to increase 3 MMT to 105 MMT. American Farm Bureau Federation
  • [New] Ireland Inc can improve water quality if given time, but the world will not solve climate change by increasing the carbon footprint of food production. Irish Farmers Journal
  • [New] The food sector has faced unprecedented challenges in recent years and will continue to do so as climate change takes its toll on food production.
  • [New] Data centers, which currently account for roughly 2% of U.S. electricity demand, could double their power suck by 2030, not to mention new load from hydrogen production, manufacturing and EVs. Axios
  • [New] As the lowest cost imported sugar product into China (thanks to the lack of import tariff), there's no reason to expect a decline in liquid sugar imports in 2023/24. Czapp

Last updated: 27 May 2024

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