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South Korea could be more ambitious with renewables target in 9th Basic Plan

15 June 2021

South Korea could be more ambitious with its 9th Basic Plan’s 2030 renewables capacity target, according to research by Wood Mackenzie.

News Release

US solar market passes 100 GW milestone

15 June 2021

The US solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the US Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

News Release

US energy storage market sets Q1 record for deployments

08 June 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.

News Release

TotalEnergies named industry’s most-admired explorer

31 May 2021

For the second consecutive year, French major TotalEnergies has been named the upstream industry’s most-admired explorer, an accolade awarded as part of with Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

UK charts course for net zero North Sea

06 May 2021

The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

Comment

Australia's pathway to net-zero emissions by 2050

20 April 2021

On 19 April, Australian PM Scott Morrison's commented on the country's road to net-zero emissions.

News Release

Carbon pricing plans ‘could transform upstream oil and gas economics’

31 March 2021

At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.

News Release

Renewable auctions no silver bullet for decarbonisation in Europe

24 March 2021

Up to the mid-2020s, approximately 70% of wind and solar development activity will be supported by auctions. However, data from across Europe highlights that market-level dynamics are shaping the approach of would-be developers. As such, auctions alone will not be enough to deliver much-needed capacity, according to Wood Mackenzie.

News Release

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

10 March 2021

Government funding and zero-emission vehicle regulations are strong drivers for commercial electric vehicle (EV) adoption in every region thus far, therefore reducing the primary barrier to commercial EV adoption: cost. This policy support will see the annual market value of electric bus and truck charging outlets pass the $200 billion mark by 2045, according to Wood Mackenzie.

News Release

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

09 March 2021

Wood Mackenzie’s latest report shows that the global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029.

News Release

Significant increase in carbon pricing is key in 1.5-degree world

04 March 2021

Wood Mackenzie’s latest scenario report reveals that a significant increase in carbon pricing is needed to achieve the goals of limiting the rise in global temperatures to within 1.5 degrees Celsius.

News Release

Floating offshore could be largest frontier for wind power in Asia Pacific

23 February 2021

Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.

News Release

US winter freeze hits global olefins market

19 February 2021

This week’s winter storm has paralysed US petrochemical production and disrupted 15% of the global olefins market, according to Wood Mackenzie.

Comment

Qatar Petroleum takes FID on North Field East

09 February 2021

Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.

Comment

Myanmar coup and impact on oil and gas industry

04 February 2021

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

News Release

Australia should revise RET policy; more ambitious target needed to unlock investments

04 February 2021

Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, says Wood Mackenzie.

News Release

Climate commitments to top energy and mining agendas in 2021

27 January 2021

What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes

News Release

Future of gas in energy transition to be defined in 2021

14 January 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Comment

China’s trucked LNG spot prices hit three-year high

12 January 2021

Spot prices of trucked LNG in China were highly volatile last month.

News Release

Europe's Green Deal and pandemic recovery to take centre stage in 2021

07 January 2021

With hopes of vaccines setting a better course for 2021, this year will see policymakers and market participants focus on initial but substantive steps towards net-zero objectives.

News Release

Decarbonisation key to future of Asia Pacific’s upstream industry

15 December 2020

Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.

News Release

Over three quarters of new LNG supply could be impacted in 2-degree world

09 December 2020

Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.

News Release

Scrap metals to remain underutilised despite availability and rising demand

26 November 2020

Scrap metals demand growth is expected to outpace primary metals over the next two decades. However, it will remain underutilised compared to its overall availability, says Wood Mackenzie.

News Release

Chemical recycling boost could see global plastic packaging recycling hit 50% by 2040

18 November 2020

If the plastics value chain is to become more sustainable, the industry must focus on reducing the amount of mismanaged waste and recapturing as much of its value as possible. To do this, more investment must be allocated to chemical recycling technologies, according to Wood Mackenzie.

News Release

The UK's 10-point climate action plan - what does it mean for energy?

18 November 2020

Prime Minister Boris Johnson has announced the UK's new 10-point climate action plan.

Comment

South Korea announces carbon neutrality pledge

29 October 2020

South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

News Release

Global solar PV installations to hit 115 GWdc in 2020

27 October 2020

As global solar PV markets continue to weather the challenges posed by the coronavirus pandemic, solar PV installations are expected to hit 115 GWdc this year, according to Wood Mackenzie’s latest quarterly market outlook. This is up 5% from the total installed globally in 2019.

News Release

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

19 October 2020

Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."

News Release

Significant government intervention necessary if bioplastics are to scale

19 October 2020

In order to achieve the scale needed to play a meaningful role, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale, according to Wood Mackenzie.

News Release

PV module innovations to help drive down solar costs in coming decade

19 October 2020

The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar module costs will continue to fall, albeit at a much slower rate. Instead, improvement in module efficiency and power class will propel the declining capex trend forward and ultimately lower the solar levelised cost of energy (LCOE), new research from Wood Mackenzie found.

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Search results: 5128

South Korea could be more ambitious with renewables target in 9th Basic Plan

US solar market passes 100 GW milestone

US energy storage market sets Q1 record for deployments

TotalEnergies named industry’s most-admired explorer

UK charts course for net zero North Sea

Australia's pathway to net-zero emissions by 2050

Carbon pricing plans ‘could transform upstream oil and gas economics’

Renewable auctions no silver bullet for decarbonisation in Europe

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

Significant increase in carbon pricing is key in 1.5-degree world

Floating offshore could be largest frontier for wind power in Asia Pacific

US winter freeze hits global olefins market

Qatar Petroleum takes FID on North Field East

Myanmar coup and impact on oil and gas industry

Australia should revise RET policy; more ambitious target needed to unlock investments

Climate commitments to top energy and mining agendas in 2021

Future of gas in energy transition to be defined in 2021

China’s trucked LNG spot prices hit three-year high

Europe's Green Deal and pandemic recovery to take centre stage in 2021

Decarbonisation key to future of Asia Pacific’s upstream industry

Over three quarters of new LNG supply could be impacted in 2-degree world

Scrap metals to remain underutilised despite availability and rising demand

Chemical recycling boost could see global plastic packaging recycling hit 50% by 2040

The UK's 10-point climate action plan - what does it mean for energy?

South Korea announces carbon neutrality pledge

Global solar PV installations to hit 115 GWdc in 2020

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

Significant government intervention necessary if bioplastics are to scale

PV module innovations to help drive down solar costs in coming decade

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