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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] Energy prices have been rising for households across Europe in the past few months - in the UK, the price cap for households rose to £1,971 last month, and is expected to reach £2,800 in October. BBC News
  • [New] As many countries around the world have pledged to reach net-zero CO 2 emissions by 2050, renewable energy, led by wind energy, continues to ramp up - with 2021 being the second-highest growth year for wind on record. compositesworld
  • [New] Vietnam, a regional manufacturing powerhouse, wants to nearly double its total installed power generation capacity to 146,000 megawatts by 2030, and prioritise using renewable energy and reducing dependency on coal. FuelCellsWorks
  • [New] South Texas is the place to be for economic opportunities and advancements in renewable energy, said U.S. Energy.gov
  • [New] An equally realistic Japan, like Germany, will take its time to phase-out its dependence on Russian energy, as it, like Germany, recognizes that an immediate G-7 boycott of Russian oil and gas amounts to little more than an energy suicide pact. Matterhorn Asset Management AG / GoldSwitzerland
  • [New] Increased use of renewable energy sources in the electricity grid will help FedEx and other consumers of energy reduce what are known as Scope 2 greenhouse gas emissions generated from purchased energy. CSR Wire
  • [New] The global demand for energy is growing, so energy prices will continue to rise and efficient energy management will become ever more important. DirectorsTalk
  • [New] Working with EPA, the owners and managers of ENERGY STAR certified buildings are taking concrete actions that will reduce emissions, save on their energy bills, and help protect their cities for the future. Facility Executive Magazine
  • [New] Under the IEA's Sustainable Development Scenario, natural gas and oil will furnish nearly half the world's energy in 2040, even if every nation meets the goals of the Paris Climate Agreement. American Petroleum Institute
  • [New] Natural gas and oil provide more of the world's energy than any other source and will continue to be leading resources for decades to come. American Petroleum Institute
  • [New] To speed up the clean energy transition, the incoming Labor government has pledged to increase the renewable share in the electricity mix to 82% by 2030. Climate Home
  • [New] The conflict in Ukraine, a major grains and food supplier, has triggered supply disruptions that have pushed up food and energy prices in Africa. Egypt Independent
  • [New] The Department of Energy will make its Manufacturing Demonstration Facility at Oak Ridge National Laboratory available to SME manufacturers to test new additive techniques. Asia Pacific Metalworking Equipment News | Manufacturin
  • [New] To speed up the transition to renewable energy, Labor plans to modernize Australia's energy grid and roll out solar banks and community batteries. CNN
  • [New] The world community must help Ukraine unblock its seaports otherwise, a food crisis will follow the energy crisis, and many more countries will be faced with it. UBN
  • [New] Denmark is already developing an energy island called VindO which would produce 3GW of power by 2033. Australian Financial Review
  • [New] The effects of the Ukraine war on energy prices offer a golden opportunity for massive investment in renewable energy and phasing out fossil fuels. The Guardian
  • [New] The global recognition of the need to shift to renewable energy has come with the additional recognition of the large number of new industries and jobs that will be created. The Mail & Guardian
  • [New] Russia will halt the supply of natural gas to Finland, after Finnish energy company Gasum said it will not pay in rubles to comply with demands Moscow put in place after launching its war against Ukraine. Markets Insider
  • [New] Accompanying worldwide economic growth is an increase in demand for energy - the U.S. Energy Information Administration predicts a 50% increase in global energy use by 2050, which cannot be fully offset using renewable sources. OnLabor
  • [New] If Europe looks for immediate alternatives to Russian energy, prices will rise further, making it impossible for millions of people to buy food. Politico

Last updated: 27 May 2022


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