APAC
Asia-Pacific region told to harness offshore wind
Asia-Pacific region told to harness offshore wind
The growth potential of wind farms at sea could expand fourfold by 2030.
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.
Only eight countries update RE targets Post-COP28
They are all EU countries.
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.
Commentary
Navigating risk strategies for decommissioning traditional power plants