Global Scans · Energy · Weekly Summary

WHAT'S NEXT?: By 2025 solar energy will be the cheapest energy option globally. In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Improvements in energy efficiency in lighting and home appliances are expected to continue to push residential electricity use lower. The burning of coal will fall out of favor. Transportation energy consumption will be rising in correlation to growth in automated vehicles in the coming years.

• [New] Canada has the strong potential to grow its manufacturing base for renewable energy technologies, batteries and battery components, and other strategic applications, underpinned by its abundant low-emissions power and critical mineral resources. IEA
• [New] Average annual inflation will ease from 16.6% in 2026 to 14.4% in 2027 due to normalising energy prices, favourable base effects, and the tapering of election-related spending, creating scope for the CBN to lower rates to 24.0%. Fitch Solutions
• [New] The California Energy Commission expects peak electricity demand to grow by more than 20 gigawatts - by 2045. Energy News, Top Headlines, Commentaries, Features & Ev
• [New] Data center energy and water use are expected to double by 2030. ASLA
• [New] Renewable-energy-based hydrogen deployment is not expected to scale up until roughly 2035, and hydrogen-related energy infrastructure is expected to have multi-decade lifespans. PubMed Central (PMC)
• [New] For the energy sector, the target for 2030 is 108 million tons of CO2e compared to 247 million tons of CO2e in 2021 and 466 million tons of CO2e in 1990 (Bundesregierung Deutschland 2022). PubMed Central (PMC)
• [New] Escalating tensions in the Middle East, ongoing concerns around Strait of Hormuz disruption, and growing fractures within OPEC + have heightened uncertainty across global energy markets. PwC
• [New] As ongoing global political conflicts, particularly between the US, Israel, and Iran, continue to disrupt global oil markets, driving prices higher and threatening Asia's energy security, Asia's heavy reliance on imported fossil fuels is acutely exposed to economic risks. Fossil Fuel Treaty
• [New] Global energy systems face increasing risks including changing climate patterns, cyber threats and the availability of critical minerals. IEA
• [New] Active hostilities with Iran raise the risk of disruptions in energy markets. Office of the New York City Comptroller Mark Levine
• [New] The European Commission is considering extending free carbon allowances under the EU Emissions Trading System beyond the current 2039 deadline, provided energy-intensive industries make substantial investments in Europe and continue their decarbonization efforts. Energy in Demand - Sustainable Energy - Rod Janssen
• [New] For homes, EU countries will have to put in place measures ensuring that the average energy use of the residential building stock is reduced by 16% in 2030 in comparison to 2020, with higher targets for the following decades. Energy
• [New] For non-residential buildings, such as offices, schools or hospitals, minimum energy performance standards will trigger the renovation of the 16% worst-performing buildings by 2030 and of the 26% worst-performing buildings by 2033. Energy
• [New] Energy costs are projected to stay elevated or climb further into July as strategies for reducing inventories come under scrutiny. IndexBox Inc.
• [New] Recent U.S. inflation data came in hotter than expected, largely driven by rising energy prices linked to Middle East tensions, which has reinforced expectations that the Fed will remain cautious about cutting rates. IC Your Trading Edge | Official Blog | Blog
• [New] Renewable energy employment worldwide is set to grow from 12.7m jobs in 2022 to 42m by 2050. Positive News
• [New] An even larger behind-the-meter power generation project is set to kick off in Fort Stockton later in 2026 when Pacifico Energy begins building a 1,300-MW gas-fired facility that will include 21 Siemens turbines, each rated at 62 MW, as well as a 500-MW battery energy storage system. Industrial Info Resources
• [New] By 2030, the clean energy supply capacity for AI computing power infrastructure will significantly increase, while the application of AI in the energy sector will also improve. / China Center for Strategic and International Studies
• [New] Energy inflation is projected to peak at 12.5% in the third quarter of 2026, to fall sharply in 2027 owing to lower energy commodity prices and negative base effects, and to rise again in 2028 with the introduction of ETS2. European Central Bank
• [New] The conflict in the Middle East is weighing on the short-term growth outlook, with energy price shocks and uncertainty proving stronger and more persistent than previously expected, further reducing purchasing power and confidence. European Central Bank
• [New] With the rest of the world facing disruptions and constraints, U.S. energy remains the bright spot - powering economic strength at home and strategic influence abroad. investing.com
• [New] Beijing has doubled its EV charging capacity target to 180 gigawatts by 2027 and made energy storage attachment mandatory for new renewable installations - creating a policy-guaranteed demand floor that operates independently of consumer EV adoption rates. A Whisky with Charles

Last updated: 19 June 2026