“About the Global Energy Perspective 2023”). These wide-ranging scenarios sketch a range of outcomes based on varying underlying assumptions—for example, about the pace of technological progress and the level of policy enforcement. They are shaped by more than 400 drivers...
1,” McKinsey, July 5, 2023. Infrastructure could also become a significant bottleneck, including power grids for renewable energy sources (RES), hydrogen distribution and fueling networks, and, to lesser extent, EV charging networks.The biggest bottlenecks in scaling wi...
As Europe seeks out alternatives to Russian energy, higher demand could increase global competition for fuel sources, driving up prices for energy in the coming months ahead. Still, there is some room for optimism: the World Bank projects energy prices will decline 11% in 2023 after the 60% ...
energy losses due to friction and wear could potentially be reduced by 40% in the long term (15 years)and by 18% in the short term (8 years).On global scale,these savings would amount to 1.4% of the GDP annually and 8.7% of the total energy consumption in the long term.-The ...
Extreme weather events lead to significant adverse societal costs. Extreme Event Attribution (EEA), a methodology that examines how anthropogenic greenhouse gas emissions had changed the occurrence of specific extreme weather events, allows us to quantif
It was the first time since May 2023 that there was a deceleration in property price weakness. Still, it was the 17th consecutive month in which home prices fell from a year earlier. The drop in property values has hurt household wealth, thereby likely having a negative impact on household ...
Evidence shows a continuing increase in the frequency and severity of global heatwaves1,2, raising concerns about the future impacts of climate change and the associated socioeconomic costs3,4. Here we develop a disaster footprint analytical framework by
One-off energy windfall tax The Law contains an extraordinary new levy, intended as a “solidarity surcharge,” only for the year 2023 applying to entities that derived at least 75% of the fiscal year 2022 revenues from any of the following activities: production, import, sale of electricity,...
China's economy will slow down from the estimated 5.3 percent in 2023 to 4.7 percent in 2024. India's economy, which was estimated to have expanded 6.3 percent in 2023, will grow 6.2 percent in 2024, according to the report. Global inflation is projected to decline further, from an estima...
The Global Energy Perspective 2023models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four bottom-up energy transition scenarios. These energy transition scenarios examine outcomes ranging from warming ...