Browsing: climate

Nigeria’s admission as an Association country of the International Energy Agency marks more than a symbolic expansion of the organization’s global reach. It reflects a broader shift in international energy governance toward greater engagement with emerging economies where future energy demand, infrastructure investment, and decarbonization challenges are expected to be concentrated.

Global oil markets have retreated from crisis highs as exports through the Strait of Hormuz begin to recover, yet the latest assessments from the International Energy Agency suggest that the apparent stabilization masks structural vulnerabilities that extend well beyond the Middle East and increasingly shape energy policy across Asia.

General Fusion says its Lawson Machine 26 has achieved electron temperatures of approximately 0.72 keV, or 8.4 million degrees Celsius, bringing the company closer to its first major milestone of 1 keV and offering one of the clearest demonstrations to date of its magnetized target fusion approach at commercially relevant scale.

China aims to source half of its electricity generation from non-fossil fuels by 2030, up from a target of 42.3% in 2025, according to the country’s newly released 15th Five-Year Plan for Building a New Energy System.

The world added renewable energy capacity at a record pace and pushed clean electricity generation above 30 percent of global supply, yet 655 million people still lived without electricity in 2024 and roughly two billion lacked access to clean cooking technologies.

Data centre electricity consumption reached 415 terawatt-hours globally in 2024, roughly 1.5% of total global electricity use, and the IEA…

The world is on track to invest $3.4 trillion in energy in 2026, yet the most significant shift is not the scale of spending but where the money is flowing. Electricity infrastructure, renewables, nuclear power, storage, and efficiency are attracting nearly twice as much investment as fossil fuels, reflecting how a second major energy crisis within five years is reshaping global perceptions of energy security.

The latest ASEAN-European Union workshop in Brunei Darussalam signals a broader geopolitical and economic shift: carbon markets are no longer being treated solely as climate instruments, but increasingly as industrial policy and investment mechanisms tied to trade competitiveness, energy transition financing, and regional economic integration.

Global investment in electricity grids must rise from roughly USD 0.5 trillion annually in 2025 to about USD 1 trillion per year through 2035 if the world is to remain on a 1.5°C-compatible pathway.

The moment when wind and solar overtook fossil fuels as the dominant source of electricity in the European Union was…