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The report tracks the progress toward achieving the UN’s Sustainable Development Goal 7 to “ensure access to affordable, reliable, sustainable and modern energy for all” by 2030. The report, in which the IEA collaborated with the International Renewable…
Scotland’s current offshore wind capacity ambition is between 8 – 11 GW by 2030. Commenting, OEUK Sustainability and Policy Director Mike Tholen said: “Support and ambition for offshore wind is critical and must go hand in hand with unlocking action through spurring company investment. “We
In particular, while our analysis suggests nuclear energy could see modest cost decreases by 2030 (with hydropower remaining unchanged), next-generation geothermal could drop to $45 per megawatt-hour from $75 per megawatt-hour, where it is today. C&I customers want access to reliable clean energy to achieve sustainability goals.
Historical hits and misses Over the past 15 years, the sustainability landscape has evolved, with advances in knowledge and climate technology and changes in costs, policy, and regulation. In the initial global MACC, the abatement potential for passenger EVs by 2030 was estimated at 0.05 gigatons as of 2024.
The report highlights that countries committed to the Zero Routine Flaring by 2030 (ZRF) initiative have performed significantly better than countries that have not made the commitment, achieving an average 12% reduction in flaring intensity since 2012, whereas those that did not saw a 25% increase. The solutions exist.
A Global Market in Flux: LNG Oversupply on the Horizon Fact: LNG export capacity is projected to increase by over 40% globally by 2030. Supply is set to surge as over two dozen projects come online, lifting export capacity over 40% by 2030. While Canada celebrates its first LNG cargo, the global LNG market faces a potential glut.
OEUK says the round must secure 8 gigawatts (GW) of power to improve the chances of hitting the government’s Clean Power 2030 targets. These reforms mark an important step towards a more sustainable electricity market for the UK. OEUK’s Wind Insight 2025 report sets out its recommendations in full.
million boed by 2030. TotalEnergies – which has maintained the most consistent strategy among the three – aims to increase output by 3% on an annual basis between 2024 and 2030. Shell aims to grow oil and gas production by 1% annually into 2030. Exxon pumped 4.63 million bpd.
As the Emirate accelerates the adoption of its Economic Vision 2030, cross-sector partnerships will be critical to foster inclusive growth and address complex urban challenges including sustainable housing and smart mobility. It also reflects a strategic alignment of regional priorities and international best practices.
Suresh Ramanujan, vice president - Qatar, Kuwait, Iraq & Jordan at Emerson argues that technology and partnership are imperatives for achieving sustainable energy security Achieving energy security is not necessarily in conflict with ensuring sustainability.
Image by Boarding1Now via iStock ORLEN SA has started offering sustainable aviation fuel (SAF) at airports in Warsaw, Krakow and Katowice. That must increase to six percent from 2030; 20 percent from 2035; 34 percent from 2040; 42 percent from 2045; and 70 percent from 2050.
As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. billion tons by 2030. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. 3 Assuming a 4.3
Engineered with direct customer input, test data indicates the seal reduces nitrogen consumption by up to 80% compared to conventional radial separation seals, delivering significant efficiency and sustainability benefits. The Type 93AX also supports sustainability goals by reducing emissions and energy consumption.
For businesses, this translates to higher efficiency, reduced costs, and increased profit marginsâgains that can then be reinvested in innovation, talent, and market expansion to drive sustained profitability and growthâboth for companies and societies. Who can recharge companiesâ productivity growth?
In this process of transitioning to more sustainable forms of energy, tens, even hundreds, of thousands, of energy jobs are to be created and adapted. In this process of transitioning to more sustainable forms of energy, tens, even hundreds, of thousands, of energy jobs are to be created and adapted. Is the workforce ready?
The current reforms represent an attempt to carry out a complete reversal of the economic model of the industry, aimed at increasing its investment attractiveness and long-term sustainability. The goal is to increase the production of commercial gas from the current 23bn cubic metres to 31bn cubic metres by 2030.
The joint venture emphasizes deep, sustained collaboration with Indigenous communities, describing this approach as key to its success. “Congratulations to our partner LNG Canada on this monumental day,” said Haisla Nation Chief Councillor Crystal Smith.
4, 2025 3 min read Key Highlights "Will contribute to reaching our 2030 target to increase our [system-wide] biorefining capacity to over 5 million tpy." The partners confirmed the new plant will specifically use a feedstock of sustainable vegetable oils such as used cooking oils, among other unidentified bio-based waste and residues.
million BOE/day by 2030. Sustain Low-Carbon Leadership in the Permian Environmental performance remains central. As the company moves toward its 2030 production and sustainability targets, the remainder of 2025 will be pivotal in reinforcing its competitive edge in global energy markets.
said its Rijeka refinery in the country has produced sustainable aviation fuel (SAF) for the first time. in line with the International Sustainability and Carbon Certification standard for sustainable biofuels, according to the release. Image by Liliya Filakhtova via iStock Croatia’s INA d.d.
Petronas is part of the NETR Committee. To contact the author, email jov.onsat@rigzone.com What do you think? We’d love to hear from you, join the conversation on the Rigzone Energy Network.
Enilive, Eni’s company focused on sustainable mobility, will use its proprietary Ecofining technology to produce HVO, a biofuel made from renewable raw materials such as used cooking oil and agrifood waste, according to the release. To contact the author, email rocky.teodoro@rigzone.com WHAT DO YOU THINK?
We also know that by 2030 and beyond, the roles and functions in leading consumer organizations, as well as the skills and capabilities required of consumer talent, will look far different from todayâs. Consumer leaders can take the following five actions to help make their 2030 vision a reality: Build an objective, bottom-up fact base.
Once they gather sufficient client commitments, Leaper said, “The plan is to start those up, probably anytime between now and 2030.” David Clouse is managing director of EIC Rose Rock, a venture capital fund that invests in many startup energy projects, focusing on digitalization, sustainability, and emerging energy technologies.
Decision-makers are increasingly challenged to address a variety of priorities, including energy security, energy affordability, reducing emissions, sustainability and industrial competitiveness. mn bpd by 2030, with non-OECD countries leading this demand. mn bpd in 2024 to 113.3
McKinsey analysis indicates that by 2030, data centers will need $6.7 As noted above, 70 percent of the projected demand for data center capacity will come from AI-based workloads by 2030. McKinsey estimates that by 2030, up to 65 percent of AI workloads in Europe and the United States will be hosted on hyperscalersâ infrastructure.
Project Greensand aims to store 400,000 metric tons per annum of CO2, with plans to ramp up to as much as eight million metric tons annually by 2030. Earlier this month INEOS Group named and launched what it said was the first Europe-built CO2 carrier for capture and storage.
The company maintained share buybacks at $20 billion a year, according to a statement Friday, reassuring investors increasingly concerned about Big Oil’s capacity to sustain shareholder returns amid weak commodity prices. billion by 2030. As for Chevron, adjusted profit of $1.77 ” Exxon has now cut $13.5
The divestment follows the sale of Moeve’s exploration and production assets in Colombia and Peru in 2024 and in Abu Dhabi in 2023, in line with the Company’s 2030 strategy, the company said in a separate statement.
Another factor was the kingdom’s decision in January 2024 to maintain its maximum sustainable capacity, or MSC, at 12 million barrels a day, scrapping plans to boost it to 13 million barrels a day, Nasser said. Aramco plans to increase gas production by more than 60% by 2030, compared with 2021 levels, said Nasser.
“It includes the set-up of new industrial plants consistent with the energy transition and decarbonization of industrial sites across sustainable chemistry, as well as biorefining and energy storage”, Eni added. With an investment of around EUR 2 billion ($2.36
“I look forward to working with the bp board, Murray [Chief Executive Officer Murray Auchincloss] and the leadership team to accelerate delivery of bp’s strategy and drive compelling and sustainable shareholder value creation” Lund, whose resignation was announced by BP in April, will step down as chair and director October 1.
Furthermore, they aim to create a stimulating investment environment through advanced regulatory and financial mechanisms that enable the Authority to achieve financial sustainability. This law acts as a qualitative leap in the development of the Egyptian mining sector, following integrated efforts.
Increased FDI is a core pillar of the kingdom’s Vision 2030 economic reform strategy, with Saudi Arabia looking overseas to finance its ambitious capital-intensive projects. As a result, the struggles to achieve sustained increases in FDI inflows are especially problematic.
When fully scaled-up by 2030, the project could deliver more than 250,000 tons of sustainable fuel to buses, trucks, maritime vessels and airplanes […]. The post Danish Companies Partner on Sustainable Fuel Project appeared first on NGT News.
Westinghouse has revealed it is designing a transportable nuclear power plant (TNPP) featuring an eVinci microreactor with Canadian firm Prodigy Clean Energy, aiming to deliver a first project in Canada […] The post Prodigy and Westinghouse Targeting Launch of eVinci Floating Nuclear Plant in Canada by 2030 appeared first on POWER Magazine.
The ramp-up of Sustainable Aviation Fuel (SAF) has been slower than expected due to high costs and economic uncertainty, putting global clean jet fuel supply off course to reach the 2030 targets, according to a report by Boston Consulting Group (BCG). Despite continuing to scale the availability of sustainable aviation
On Tuesday, Shell pledged to boost shareholder distributions in a strategy to deliver more to investors focused on its strengthsraising LNG production and sales and sustaining oil production at current levels through 2030. The UK-based supermajor, which has been looking to close the valuation gap with the U.S.
Nigeria’s Energy Transition Plan (ETP) targets 10% biofuel blends by 2030 and complete EV adoption by 2060. The removal of fuel subsidies aims to bolster the electric mobility sector as government and private initiatives work to promote EVs and charging infrastructure for a sustainable future. Samuel Ajala reports.
In addition, Porsche had announced its intention to be carbon-neutral on the balance sheet in 2030, the company announced in its latest annual and sustainability report. Last year, almost 40% of all new Porsche vehicles delivered in Europe were already at least partly electric – i.e. plug-in hybrids or fully electric models.
In this video, three McKinsey experts on aerospace and mobility describe a future in which electric flying vehicles are a safe, affordable, and sustainable way to travel.
This June, the European Council formally adopted a first-of-its-kind regulation that sets out to restore at least 20% of the European Union’s (EU’s) land and sea areas by 2030 and all ecosystems in need of The post EU Mandates Biodiversity Restoration, Setting Up New ‘Green’ Requirements Alongside ‘Clean’ Ones for Power (..)
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