APAC

World needs more energy storage to achieve decarbonisation goals

The pace of addition should scale 50 times faster.

Can Central Asia and the Caucasus become world’s next green energy hub?

Strengthening interconnectors between countries is deemed crucial.

Aramco bags Innovation Award - Saudi Arabia at Asian Oil & Gas Awards 2024

The energy and chemicals company was recognised for its development & deployment of the Hybrid UT Inspection Drone, an innovative way of inspecting elevated pipes.

Power generation’s rising importance in carbon neutrality

It currently dominates the carbon abatement cost spectrum.

Hydrogen to contribute 12% of global decarbonisation

There is potential for clean hydrogen to develop into a major market.

Reaching net zero by 2070 needs $75t infrastructure investment

This should be mobilised to renewable energy, amongst others.

ADB, Kazakhstan partner to accelerate coal retirement

Coal plants may be converted to renewable energy facilities.

Energy storage, grids key to achieving 2030 energy goals

Around 1,200 GW of battery storage is needed by 2030.

Masdar to develop 1 GW wind farm in Kazakhstan

A battery energy storage system will also be built.

Nearly $10t annual investment needed to achieve net-zero

More should be directed towards low-emissions assets.

Nuclear power remains irrelevant in international market: report

China added only a gigawatt of nuclear capacity in 2023.

Current global energy pledges far from reality

Around $31.5t in investment is needed to power the clean energy shift.

COP 29 needs clear roadmap to encourage more bank lending for RE

Diverting capital to clean energy will bridge the $400b investment gap from 2024 to 2030.

Global energy efficiency progress slows to 1% in 2024

This lags behind the average 2% improvement rate seen between 2010 and 2019.

Limiting global warming to 1.6 degrees Celsius achievable

Solar and wind power will need to grow to 44% by 2050.