Delayed US energy transition, EU wind pledges, Google's decarbonisation goals and ethylene production threats.
Wood Mackenzie
Wood Mackenzie is the leading global data and analytics solutions provider for the energy transition.
Hitting the brakes: How the energy transition could decelerate in the US
Generous investment incentives have catapulted the US to global leadership in decarbonisation. Thanks to the support for low-carbon energy in the Infrastructure Investment and Jobs Act of 2021 and the Inflation Reduction Act of 2022, our base case forecast for the US projects that by 2050 wind and solar power capacity will expand six-fold and low-carbon hydrogen will account for 5% of the energy mix. It also shows that fossil fuel demand will peak by 2030.??
But it might not work out that way. Read on in our latest edition of Horizons from David Brown , Director, Energy Transition Practice.
EU wind pledges: a little overblown?
The EU’s wind action plan requires member states to make voluntary, non-binding wind energy pledges for 2024-2026, to demonstrate commitment to ramping up deployment. But while near-term goal setting sends positive market signals, will the sector be able to meet ambitious promises for greater adoption??
Our EU wind analysts have evaluated the country-level pledges so far submitted against our own detailed forecasts for wind capacity growth in the bloc. Click here to read the latest insight.
Google’s demanding goals for decarbonisation
Google, a company that relies heavily on data centres, is at the forefront of the AI revolution. It also has some ambitious decarbonisation goals: the aim is to power the company’s operations entirely with clean energy by 2030.
领英推è
Maud Texier, global director of clean energy and decarbonisation development at Google, joins Ed Crooks and Amy Myers-Jaffe on this week's episode of The Energy Gang to explain how she sees the path to achieving that goal by 2030.
Listen to the full episode for free on our website, Spotify, or Apple Podcasts.
Which global steam crackers are at most risk of closure?
Already in a downcycle, the ethylene industry faces unprecedented challenges. Our analysis shows that a third of steam crackers globally are at some risk of closure over the next five years. But which assets are most under threat, and why???
Using our Ethylene Asset Benchmarking Tool, we compared plants’ ethylene production margins in 2023 and 2028 to see which plants are under threat.
Want more of this? Get weekly insights straight to your email inbox by signing up to The Inside Track.
?? 5K Followers | Smart Home & Furniture Expert ?? | Secure Smart Locks/Security Solutions | Trusted China Sourcing Partner | Let’s Connect!
9 个月Many times, when making plans, the goals are set very high, but in fact such goals are not achieved. When the time comes, who will take responsibility?