Browsing: energy transition

BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand…

SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in…

Global energy demand growth 2024 jumped to 2.2%, led by soaring electricity use and record renewable energy deployment.

Global electricity demand is projected to rise nearly 4% annually through 2027, driven by industrial expansion, transport electrification, and rapid data center growth.

The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually.

BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing market challenges and profit pressures.

In 2024, Germany shifted from a net electricity exporter to importer, driven by rising demand, fossil fuel reductions, and nuclear phase-out, highlighting energy transition challenges.

ADIPEC 2024 gathers global ministers, CEOs in Abu Dhabi for solutions on AI-driven energy transition, showcasing sustainable strategies across diverse sectors.

Italy aims to become a key hydrogen hub, facilitating the transfer of hydrogen from North Africa to Europe, Environment Minister Fratin announced at the Venice Hydrogen Forum.

In 2023, 81% of global renewable capacity additions were cheaper than fossil fuel alternatives, marking a key milestone in cost competitiveness for renewables, according to IRENA’s report.