Distributed energy resources (DERs) are small-scale energy resources usually situated near sites of electricity use, such as rooftop solar panels and battery storage. Their rapid expansion is transforming not only the way electricity is generated, but also how it is traded, delivered and consumed.
Renewable electricity capacity additions broke another record in 2021 and biofuels demand almost recovered to pre-Covid levels, despite the continuation of logistical challenges and increasing prices. However, the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine is sending shock waves through energy and agriculture markets, resulting in an unprecedented global energy crisis. In many countries, governments […]
Developing countries still have to regain lost ground from the COVID-19 pandemic. The pandemic has put more countries at risk of debt distress, constrained their fiscal space and hampered economic growth. The war in Ukraine is exacerbating all these challenges. In this context, the 2022 Financing for Sustainable Development Report identifies a “great finance divide” […]
GlobalData’s latest report, ‘Battery Energy Storage Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Drivers, Constraints, Key Players and Forecast, 2021-2026’, reveals that the global battery energy storage is estimated to grow to $10.84bn in 2026. Several factors could contribute to such growth; primarily, the fall in battery technology prices and the […]
The global energy system faces deep uncertainty in the near, medium, and long terms. Amidst war in Europe, the urgent need to reduce greenhouse gas emissions, and many other factors, long-term energy outlooks offer one lens through which to assess the wide range of potential futures for global energy, emissions, and even geopolitics.
The International Renewable Energy Agency (IRENA) produces comprehensive statistics on a range of topics related to renewable energy. This publication presents renewable power generation capacity statistics for the past decade (2012-2021) in trilingual tables.
lectrification is the most cost-effective way to decarbonise Europe’s economy. Direct and indirect electrification will make up 75% of Europe’s energy demand by 2050. The European Commission wants wind to be half of the EU’s electricity by then. However, this can only happen if power grids are optimised and expanded in a timely manner.
In the last 20 years, the People’s Republic of China (hereafter, “China”) has strengthened its position on the global stage as an energy innovator, as illustrated by the stories of solar power and, more recently, electric mobility. This is the result of several decades of increasing policy focus on technology innovation, which underpin China’s ambitions to […]
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The global CO2 emissions and energy demand numbers are based on the IEA’s detailed region-by-region and fuel-by-fuel analysis, drawing on the latest official national data and publicly available energy, economic and weather data. Combined with the methane emissions estimates published by the IEA and estimates of nitrous oxide and flaring related CO2 emissions, this new […]