Renewable power capacity to surge to 11.2TW by 2035
The power sector is experiencing a notable growth in renewable energy sources, propelled by an array of factors such as technological progress, policy incentives, and a heightened awareness of the imperative for sustainable energy solutions – and big growth is being forecast. Renewable resources, particularly solar photovoltaic (PV) and wind energy, are gaining a larger […]
Cutting-edge innovations ‘driving investment boom’ in green hydrogen
The clean energy landscape is gaining significant momentum in 2024, fuelled by substantial support from major economies and venture capitalists propelling the advancement of green hydrogen technology. Recent months have witnessed a pronounced uptick in interest and investment in this domain. At the forefront of this innovative wave is green hydrogen, a pioneering technology for […]
Carbon emissions reduction ‘requires rigorous compliance’ to net zero strategies
The carbon-intensive oil and gas industry is undergoing massive disruption with more countries and companies trying to implement net zero emissions by 2050 – but tackling emissions and supporting low-carbon industries will require a combination of well-designed regulation and increased investment in decarbonisation. That’s according to GlobalData, which cites that greenhouse gas (GHG) emissions generated […]
Carbon management adoption increasing as part of corporate sustainable development goals
As the urgency to combat global warming intensifies, enterprises are increasingly adopting rapid decarbonisation practices to align their business strategies with sustainable development goals (SDGs). With a focus on addressing the dual crises of climate change and the ongoing destruction of natural ecosystems, businesses are at the forefront of sustainability efforts and are highly interested […]
North America set to lead global renewable refinery capacity additions
Renewable refinery fuels/drop-in fuels are gaining importance globally as they are relatively environmentally friendly when compared to crude oil-based refined fuels. As a result, renewable refinery capacity additions are gaining momentum with North America set to witness the highest capacity additions among all the regions. GlobalData’s report, “Renewable Refineries New Build and Expansion Projects Analysis […]
IT service providers actively targeting ESG opportunities
IT services providers that are expanding their portfolios to target environmental, social and governance (ESG) opportunities are making a wise move as many enterprises require assistance developing and implementing ESG-related initiatives, says GlobalData. The leading data and analytics company notes that these companies must continue to adapt to shifting market dynamics to stay ahead of […]
Oil and gas giants taking ‘measured’ steps for energy transition
Oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, with the contributions of those fuels ‘pivotal’ for a successful energy transition and mitigation of carbon emissions. GlobalData’s thematic report, “Energy Transition in Oil & Gas,” reveals that major oil companies such as BP, […]
Germany to have ‘highest LNG consumption in Europe’
Germany’s reliance on Russian gas and the need to find alternate supplies given the current geopolitical situation between the two countries has set Germany on a course to the highest liquefied natural gas (LNG) consumption in Europe. The country, which previously relied on pipelines from Russia to meet its natural gas needs, is now looking […]
56% of world’s energy to be generated in APAC region by 2030
Energy decisions made by the leaders of APAC countries in the next few years will have significant impacts on the battle against climate change, with the region expected to generate over half of the world’s energy by 2030. GlobalData’s latest report, ‘Tech in 2030 – Thematic Intelligence’, reveals that the APAC region is expected to experience […]
Power companies on track for energy transition but ‘must not neglect full ESG responsibilities’
Power companies will face increasing pressure to respond to both social and governance issues while navigating their way through the energy transition process in the following decade. GlobalData’s latest report, ‘ESG Top Trends by Sector – Thematic Research’, reveals that renewable energy initiatives have been gaining traction globally, with power companies primarily focusing on the […]