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] Rosatom and India's Department of Atomic Energy are advancing work on larger VVER-1200 reactors as well as small modular units that could anchor the next generation of India's civilian nuclear capacity. https://www.uniindia.com/~/russia-sees-world-turning-mu
• [New] The International Energy Agency reversed its previous peak oil prediction, now acknowledging that oil demand will likely grow through 2050. Marcellus Drilling News
• [New] EU seals deal to phase out Russian gas by 2027 Bloomberg The European Union has secured a deal to accelerate the phaseout of Russian energy, agreeing to ban Russian liquefied natural gas imports by the end of 2026, a year ahead of schedule. Marcellus Drilling News
• [New] At COP 29, nearly 60 countries committed to the Global Energy Storage and Grids Pledge, which sets a goal of deploying 1500 GW of energy storage, doubling global grid investments, and developing 25 million kilometers of grid infrastructure by 2030. IEA
• [New] At COP 28, 200 countries made a landmark pledge to triple renewable energy capacity globally by 2030, and over 20 countries pledged to triple nuclear energy capacity by 2050. IEA
• [New] Global renewable power capacity is expected to reach 2.6 times its 2022 level by 2030, falling short of the COP 28 pledge of tripling renewable energy capacity. IEA
• [New] Renewable energy sources, primarily solar photovoltaic and wind, will play a much larger role in energy systems in the coming decades. International Liberty Institute
• [New] America's power grid will be able to withstand the $2.5 T A.I. datacenter boom Forbes Tech giants plan to double AI-related power consumption by 2030, driving a $2.5 trillion investment in computing and energy infrastructure. Marcellus Drilling News
• [New] The Department of Energy gave a combined $800 million to two projects to build what could be the United States' first commercial small modular reactors. Heatmap News
• [New] The upcoming revival of the Crane Clean Energy Center in 2027 will add an additional 837 megawatts to the PJM grid. Pennsylvania Senate Democrats
• [New] The International Energy Agency expects one in four cars sold worldwide this year to be electric, and the global EV fleet to quadruple to 250 million vehicles by 2030. Centre for European Reform
• [New] Renewable energy is expected to at least double globally over the next five years. Augusta Free Press
• [New] Despite surging renewable energy, global carbon emissions from fossil fuels are projected to rise to an all-time high in 2025. Augusta Free Press
• [New] The International Energy Agency expects global electricity demand from data centers to double by the end of this decade, when it will total more than the entire electricity demand of Japan. Resilience
• [New] China has figured out that clean energy and renewables are the way forward, because they will ultimately prove to be cheaper and more profitable. Electricity Info
• [New] In Southeast Asia, renewables - not imported fossil gas - will be key to a successful and just energy transition. NewClimate Institute
• [New] Amazon's expansion of automation and artificial intelligence threatens to replace hundreds of thousands of workers, while its vast data centers drain energy and water resources, worsening the climate crisis. UNI Global Union
• [New] EC energy system modelling points to ETS1 carbon price increases between 2025 and 2030 of around EUR20 (including inflation). Economy and Finance
• [New] Nearly 70% of all new installed capacity between 2025 and 2030 will come from renewable energy, primarily solar PV and wind power, supported by utility-scale energy storage and modern grid infrastructure. Strategic Energy Europe
• [New] Nearly 70% of all new installed capacity between 2025 and 2030 is expected to come from renewable technologies such as solar PV, wind power and energy storage. Strategic Energy Europe

Last updated: 05 December 2025