Japan’s new 2030 energy mix unveils radical plans to transform the energy system

• 27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

Next commodities supercycle will be driven by global energy transition

• 15 July 2021

Another commodities supercycle is on the horizon, but it will be different from any that have come before. Fossil fuels won’t be in the vanguard and the winners will be the industrial metals needed to electrify society - cobalt, lithium, copper, nickel, and aluminium.

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

• 14 July 2021

Europe is at the forefront of the shift to net zero, both in ambition, but also in terms of how to make rapid and deep decarbonisation a reality. The world needs to reduce carbon dioxide (CO2) emissions as quickly as possible. Not doing so means we will need to turn to expensive and unproven technologies to withdraw CO2 from the atmosphere later this century.

What would an EU carbon border adjustment mechanism mean?

• 14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

• 08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

Asia Pacific renewables generation investments could hit US$1.3 trillion by 2030

• 22 June 2021

Asia Pacific renewables (wind and solar) generation investments could double to US$1.3 trillion over the current decade to 2030 compared to the previous decade (2011 – 2020), says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Wood Mackenzie expands energy transition expertise with acquisition of Roskill

• 18 June 2021

Wood Mackenzie is pleased to announce its acquisition of Roskill, a privately-owned company and leader in metals and materials supply chain intelligence.

Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050

• 17 June 2021

Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.

Australia releases Budget 2021

• 12 May 2021

Wood Mackenzie experts comment on the recently announced Australia Budget 2021.

Wood Mackenzie appoints Ben Hertz-Shargel as Global Head of Grid Edge

• 05 May 2021

Wood Mackenzie, a leading provider of commercial intelligence for the world's natural resources sector, has appointed Ben Hertz-Shargel to the role of Global Head of Grid Edge

UK accelerates plan to cut carbon emissions

• 20 April 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

Americas to lead global energy storage market by 2025

• 20 April 2021

According to new research from Wood Mackenzie, the Americas region will overtake Asia Pacific by 2025 to lead the global storage market, with a total capacity of 371 GWh in 2030. Most of this growth will come from the US.

Carbon neutrality goal forces Chinese aluminium smelters away from captive coal power

• 19 April 2021

China’s march towards carbon neutrality is forcing its aluminium smelters away from using captive coal-fired power, says Wood Mackenzie.

Global wind power installations hit record levels in 2020

• 29 March 2021

114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.

Chinese NEV and HEV sales to rise over 15-fold by 2035

• 23 March 2021

Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie.

China’s green ambitions can complement energy security and economic goals

• 18 March 2021

Wood Mackenzie’s latest report reveals that China’s march towards carbon neutrality by 2060 can complement both energy security and economic goals.

U.S. solar industry sets records in 2020, on track to quadruple by 2030

• 16 March 2021

The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the ‘U.S. Solar Market Insight 2020 Year-in-Review’ report, released today by Wood Mackenzie and the Solar Energy Industries Association (SEIA).

US energy storage market shatters quarterly deployment record

• 03 March 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage.

BMW Group must prioritise full-electric cars to meet 2030 targets

• 25 February 2021

BMW Group – which is comprised of BMW, Mini, Rolls-Royce and Zinoro – is targeting 7 million in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) stock by 2030, which would see over 1 million combined sales of these cars globally by the same date. However, Wood Mackenzie projects the company will only meet 61% (4.2 million) of that stock target by 2030.

Europe needs to change course to hit 2030 emissions target

• 18 February 2021

Europe’s new 2030 emissions target of a 55% reduction over 1990 levels has made it the undisputed global leader in climate ambition. However, with the region still a long way from achieving this rapidly approaching goal, dramatic changes are needed.

Greentech Media's integration with Wood Mackenzie

• 12 February 2021

Wood Mackenzie acquired Greentech Media in 2016 and in 2019 integrated the GTM research practice into our ever-expanding Power and Renewables research team. Since then we have continued to use greentechmedia.com and GTM Squared as vehicles to present green technology and renewables news. Recognising the strategic importance of the energy transition to Wood Mackenzie, the time has now come for us to fully integrate Greentech Media.

700 million electric vehicles will be on the roads by 2050

• 08 February 2021

Electric vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock of 700 million, according to new research from Wood Mackenzie.

Solar power now cheapest way to add electricity in many markets - and getting cheaper

• 21 January 2021

The cost of solar power has dropped 90% over the last two decades, and will likely fall another 15% to 25% in the decade to come, says Wood Mackenzie. By 2030, solar will become the cheapest source of new power in every US state, plus Canada, China, and 14 other nations.

Asia Pacific FTM storage costs to decline 30% by 2025

• 19 January 2021

All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30% by 2025, says Wood Mackenzie.

Europe coal burn report

Get the most up-to-date coal demand estimates for the European power sector on a country-by-country basis.

PowerRT Japan

Access real-time power plant output and transmission flow data across the Japanese power markets.

Customer Pricing Model

Stay on top of real-time US wholesale cost changes to make informed retail power pricing decisions.

WindcastIQ

Anticipate wind-related congestion and power price volatility, with accurate wind power generation forecasts and expert market analysis.

EPSI Europe

On-demand insights into the factors behind supply and demand fundamentals across European power markets.

PowerRT Europe

Identify new trading opportunities, optimise asset utilisation and assess market trends.