As economies recover from the recent energy crisis, there is opportunity to reflect on the progress of the energy transition. For example, 2023 saw strong growth in the build-out of multiple low-carbon technologies for energy production and consumption. Despite uncertaint...
1 Emissions increased by an additional 1.1 percent in 2023, largely due to the economic rebound and a further increase in fossil fuel consumption, with the energy crisis and high natural gas and liquefied natural gas (LNG) prices in 2022 triggering an increased use of unabated coal as a ...
After slowing slightly in 2022 to 2% due to the global energy crisis and exceptional weather conditions in some regions, the growth in world electricity demand is expected toaccelerateto an average of 3% through to 2025, theIEA's Electricity Market Report 2023finds. More than 70% of the incre...
According to SMM statistics, although the overall growth rate of the energy storage market in 2023 is not good as expected, the overall market growth rate is still relatively fast. In 2023, global ESS LFP cell production reached 190GWh, a YoY increase of 48% compared to 2022; global ESS L...
Building on the most severe risks expected to impact in 2023 – including “Energy supply crisis”, “Rising inflation” and “Food supply crisis” –a global Cost-of-living crisis is already being felt. Economic impacts have been cushioned by countries that can afford it, but many lower-...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
uncertainties, bringing new opportunities for growth. It is of course impossible to predict the future, but if the major impediments of 2022 can be overcome, then perhaps 2023 will bring more normality in global politics and sweep away the lingering issues of inflation and the energy crisis. ...
Provoke Global Summit 2023: Bringing Hope Through Disruption November 6, 2023 Flooding. Fires. Famine. Droughts. The hottest summer on record and unprecedented weather events and natural disasters. The planet is trying to tell us to change course. According to the United Nations, the scientific ev...
the global economy is facing a difficult year marked by turmoil and uncertainty. The aftermath of the COVID-19 pandemic, the ongoing war in Ukraine, and the global energy and inflationary crisis have all contributed to a gloomy outlook, with the International Monetary Fund (IMF) predicting a ...
national energy outlooks remain vastly in excess of levels consistent with limiting warming to 1.5 °C6. The 2022–2023 global energy crisis has also sparked a reappraisal of energy policies and priorities worldwide. It remains unclear whether this will serve to accelerate the clean energy transi...