Renewable energy installations reached record highs in 2023, growing at their fastest pace in decades. 510 gigawatts (GW) of renewable energy were added worldwide, representing a 50% increase from 2022, according to figures from the International Energy Agency (IEA)’s annual flagship report on the global status of renewable energy. Projections show that the sector’s expansion will continue to accelerate, with an anticipated 2.5-fold increase by 2030. While this is a promising trend in the right direction... Читать дальше...
Almost the entire global population breathes air that exceeds the air quality limits set by the World Health Organization (WHO). In this graphic, Visual Capitalist's Marcus Lu maps the world’s most polluted countries according to IQAir, ranked by their annual average PM2.5 concentration (μg/m³) in 2023. The unit μg/m³ refers to micrograms per cubic meter. What is PM2.5? PM2.5 refers to fine particulate matter, with a diameter of 2.5 micrometers or less, that can travel deep into your lungs and cause health problems. Читать дальше...
Aviation companies worldwide have increasingly been investing in research and development into sustainable aviation fuel (SAF) to help decarbonise their flights. The aviation sector is considered a hard-to-abate industry, as there is no clear alternative to fossil fuels that can be used to power commercial flight. And yet, governments worldwide are putting increasing pressure on companies to make their operations greener. The most promising fossil fuel alternative to date is SAF, which many airlines... Читать дальше...
The tensions in the Middle East have highlighted the ebb and flow of the geopolitical risk premium in oil prices so far this month. Analysts believe that oil currently includes between $5 and $10 per barrel in premium to reflect a risk of escalation in the Israel-Iran conflict. The past week has illustrated how traders perceive geopolitical risk. Just as Brent Crude prices had eased to the upper $80s after the Iranian drone attack against Israel in the April 13-14 weekend, oil spiked by 3% early... Читать дальше...
There are many myths about energy and the economy. In this post I explore the situation surrounding some of these myths. My analysis strongly suggests that the transition to a new Green Economy is not progressing as well as hoped. Green energy planners have missed the point that our physics-based economy favors low-cost producers. In fact, the US and EU may not be far from an economic downturn because subsidized green approaches are not truly low-cost. [1] The Chinese people have long believed that... Читать дальше...
