Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan.

Governments worldwide are recognising the economic and strategic benefits of controlling supply chains for low-carbon technologies. Specifically, China’s dominance in solar PV module production (almost 85% of global production as of 2023) (Statista, 2024a) and battery manufacturing (79% of global EV Li-ion batteries as of 2021) (Statista, 2024b) has spurred rival policies.

The essential role of rare earths is as a multiplier, especially in energy applications. In their absence, they move from multiplier to decelerator, especially for renewables.

"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."

Renewable hydrogen is also part of a broader plan and series of directives aiming at increasing the share of renewable energies in EU’s energy consumption.

Our projections indicate significant uncertainty in societal cost estimates for 2050, ranging from approximately €236/tCO₂ to €3,938/tCO₂. Consequently, direct comparisons with marginal abatement costs become difficult; for instance, even the relatively lower MAC of €1,944/tCO₂e in the “Linear Path to Net Zero” scenario aligns with societal costs only under particular discount rates and growth assumptions.

Japan faces substantial challenges in managing its energy trade deficit and high end-user costs while aggressively pursuing decarbonization targets amidst geopolitical tensions. There are significant concerns about Japan's ability to meet its emissions targets, casting doubts on its broader 2050 decarbonization plans.

The two sides discussed cooperation within the OPEC+ framework and the energy sector, including electricity, hydropower and renewables. Three coal-fired thermal power plants will be built in Kazakhstan in the cities of Kokshetau, Semey and Ust-Kamenogorsk, and two power units at Ekibastuz TPP-2 will be renovated with the involvement of Russian specialists.

Joint Indian-Russian operators are already managing the countries second airport at Hambantota, which is being repositioned as a tourist arrivals hub from East Asia. Sri Lanka is a member of the SAARC trade bloc, and has also applied to join the BRICS.

The 2024-2025 storm season has underscored the vulnerability of the U.S. electrical grid, with a series of extreme weather events causing widespread power outages and significant economic losses.

The Trump administration has argued coal is a vital part of the mix to ensure sufficient energy supply to meet booming demand for AI data centers. The carve-out, which begins in July 2027, lasts until July 2029, according to the proclamation.

Despite a strong start to the solar season in Europe, and record amounts of cheap new renewable capacity in Germany since the energy crisis, it’s natural gas that will increasingly decide how much households and factories in Europe’s biggest economy pay for electricity.

The IEA projects power demand from data centers to double by 2030. While renewable energy capacity is also set to increase, especially in Europe, the intermittent supplies provided by wind and solar won’t be sufficient.

India’s energy landscape is a study in contrasts. On one hand, the country is a global leader in renewable energy adoption, with ambitious targets for solar and wind power. On the other, coal remains the backbone of its energy mix, accounting for 55% of the national energy supply and over 74% of power generation.

In the global race to achieve net-zero emissions, India stands at the threshold of a transformative clean energy revolution. Green hydrogen, a fuel produced through water electrolysis using renewable sources, has captured attention for its immense potential to cut carbon emissions and drive economic growth.