Total electricity generation
Global electricity generation will surge by 3%/year over 2020-2050, with fast rises in developing countries, and moderate rises in advanced economies.
Total electricity generation
Global electricity generation will surge by 3%/year over 2020-2050, with fast rises in developing countries, and moderate rises in advanced economies.
Global electricity generation will surge by 3%/year over 2020-2050, with fast rises in developing countries, and moderate rises in advanced economies.
Electricity generation increases in line with final electricity demand, and reaches 70,000 TWh in 2050 in our EnerBlue scenario (NDCs and announced pledges). Renewable energy sources allow to produce between 50% and 80% of the total electricity needs, depending on the ambition of the scenario considered. The share of fossil fuels, and notably coal, will drop quickly and substantially, especially in constrained scenarios.
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Apr
The Russian Ministry of Economic Development has lowered its forecasts for the country's crude oil export prices over the 2024-2027 period to US$65/bbl. The forecasts were cut from previous estimates of US$71.3/bbl for 2024, US$70.1/bbl for 2025 and US$70/bbl for 2026.
22
Apr
The European Union Agency for the Cooperation of Energy Regulators (ACER) has published its European LNG Market Monitoring Report (MMR). According to the report, the EU outpaced China as the largest global LNG importer in 2023, with 134 bcm of LNG imports recorded, while the United States have surpassed Qatar and Australia as the largest LNG producer, with an estimated export volume of 119 bcm in 2023. The EU’s increased demand of LNG may reach its peak during 2024 under ‘REPowerEU’ demand scenarios, at 330 bcm.
11
Apr
According to a white paper from the China Energy Storage Alliance (CNESA), China’s battery storage capacity addition is expected to slow down from 34.5 GW in 2023 to 30.1 GW in 2024 (-13%) under conservative estimates, as energy storage struggles with low profitability, cause most notably by high upfront costs. With more favourable conditions, new addition in China are forecast to increase by almost a fifth in 2024 to 41.2 GW, which remains, however, below the projected 35% global growth rate of battery storage capacity addition. China needs battery storage as a back up to integrate rising intermittent renewables capacity into power grids, in a context where gas-fired capacity is limited.
10
Apr
The local Chinese government of the Shanxi province has published the "2024 Work Plan for Stable Coal Production and Supply in Shanxi Province", proposing a slight reduction in the coal output to reach 1.3 Gt during 2024. Citing safety concerns and weak demand that caused a fall in prices, the province will voluntarily reduce 4% of its coal output from the 1.36 Gt produced in 2023. However, production is expected to increase in the coming months to reach the 1.3 Gt of coal during 2024, due to mines working under 70% of the registered production capacity because of production restrictions.
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