Energy Transition
Batteries could displace costly LNG imports for Japan. But market and regulatory reforms are needed.
Botswana secured $100 million to build its first 100-megawatt solar plant, positioning the nation as a regional energy supplier.
A poll of business executives in 18 countries reveal overwhelming majorities support a shift to electrification as a means to guard against fossil fuel volatility. But executives also say public policy is not keeping up.
The Trump administration has vowed to control Venezuelan oil for years to come, but reviving the sector will be difficult. Meanwhile, aggressive American foreign policy may backfire.
The IEA’s flagship World Energy Outlook reaffirms that the energy transition continues to gain momentum, with coal and crude oil demand expected to peak before the end of the decade.
At the global energy conference ADIPEC, Nigeria’s petroleum minister Ekperikpe Ekpo controversially pushed back against a phase-out of fossil fuels, saying the country is committed to an “energy mix.”
The landmark 2015 Paris Climate Agreement has slowed emissions and accelerated the energy transition. A new report finds that forecasts from a decade ago significantly underestimated how quickly the clean tech revolution would take hold.
Angola’s first dedicated offshore gas well, Gajajeira-01, has been hailed as marking a historic shift from oil dependence to natural gas, but experts warn over the use of gas as a transition fuel.
With Trump back in office, doubts remain over how the Middle East’s energy transition can happen at a pace which conforms with global climate targets.
Nigeria will host the brand new Africa Energy Bank, aimed at aiding energy projects and enhancing development and energy security on the continent.
Keir Starmer’s government has pledged to double onshore wind, treble solar, quadruple offshore wind and eliminate fossils fuels from the grid by 2030.
Belgium’s dependence on natural gas is expected to remain strong in the coming years as nuclear power is gradually phased out and the country’s green transition faces challenges.
Nigeria needs to industrialise its energy transition without significantly increasing carbon emissions, a report funded by the Agence Française de Dévelopment said.
The Nigerian electricity regulator’s 300 percent tariff hike has raised concerns, prompting calls for alternative energy development.
Last year’s COP28 provided an important framework for discussing a new energy systems order where fossil fuels would be less central, one analyst said.