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EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
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Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
India’s carbon market challenge
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
Southeast Asia unlocks its carbon trading potential
Governments working at pace to create compliance and voluntary markets and carbon tax regimes, with Indonesia, Malaysia, Singapore among the frontrunners
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
Letter on transition: The great energy fatigue
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
Outlook 2025: Southeast Asia – defining a new narrative for net zero
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
Power demand is surging
Opinion
Markets Policy
Stuart Penson
30 July 2024
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Letter on carbon: Power struggle

Electricity demand is growing at its fastest rate for 17 years as the energy transition struggles to keep pace with its own renewable power needs

Is the transition in danger of getting stuck in an electricity demand doom loop? Global demand for power is forecast to rise by around 4% this year, up from growth of 2.5% in 2023. That is the fastest increase since 2007, excluding the exceptional rebounds seen in the wake of the global financial crisis and the Covid-19 pandemic, according to the IEA. Next year is expected to see similar growth. Power demand usually correlates pretty closely with GDP growth, and this is borne out by the IEA electricity consumption growth forecasts for India and China, which come in at 8% and 6% respectively. However, a closer look at the recent demand drivers points to both the impact of climate change—mainl

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EU proposes 90% 2050 climate target
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TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

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