Energy current events

How will the 2024 presidential election affect the energy sector?

As U.S. crude oil and gas production nears a potential peak, the outcome of the 2024 presidential election could decide the trajectory of the country’s energy ... Around 190 nations are participating in COP16 in Cali, Colombia, aiming to halt and reverse biodiversity loss by 2030.

Are renewables the future?

“The renewables future has arrived,” Jones said. “Solar in particular is accelerating faster than anyone thought possible.” A look at the data reveals just how much the global power sector is changing. In 2000, renewables made up less than 19% of the global energy mix. Now they make up more than 30%.

Will electricity demand rise in 2024?

Electricity demand is set to soar from 2024 onward, Ember’s analysis found. Electric vehicles, heat pumps and electrolysis — the process used to make green hydrogen, a much-hyped clean energy — will increase demand, alongside technologies such as air conditioning and artificial intelligence.

Is solar the fastest growing source of electricity in 2023?

Solar was the fastest-growing source of electricity in 2023 for the 19th consecutive year, according to the report. It made up nearly twice as much new electricity generation as coal last year. The surge of solar installations happened at the end of 2023, so the full effect is yet to be felt, said Jones.