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News Release
World must double-down on plans to achieve net zero by 2050
- 23 March 2022
Over the last year, strong demand recovery and a lack of investment in supply has caused prices to rise across sectors. Energy security and geopolitical tensions have added unprecedented uncertainty to markets across the globe. On top of that, countries and corporations still bear the massive challenge of limiting global warming to 1.5 ˚C.
News Release
Global lithium-ion battery capacity to rise five-fold by 2030
- 22 March 2022
Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie.
News Release
Utility evolution in Africa to reshape global electricity demand
- 17 March 2022
Sub-Saharan Africa offers an alternative vision of how the energy transition will change power generation, according to research released today by global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Wood Mackenzie brings light to homes in Puerto Rico
- 08 March 2022
A team of three analysts from global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), are in Puerto Rico this week helping install solar panels on homes as part of a new initiative with charity Let’s Share the Sun Foundation.
News Release
Renewable power in Asia Pacific gains competitiveness amidst cost inflation
- 11 January 2022
Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.
News Release
Sweden could become a pioneer in green steel production
- 21 December 2021
Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie.
News Release
Global installed wind power capacity set to grow by 9% to 2030
- 15 December 2021
Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.
News Release
Solar prices continue to rise but Build Back Better Act will boost installs 31% through 2026
- 14 December 2021
For the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market segments, according to the US Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Li-ion battery recycling not expected to take off before 2030
- 08 December 2021
Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie.
Comment
Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts
- 25 October 2021
Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.
News Release
China could ease restrictions on Australian coal and increase supply to alleviate power crunch
- 08 October 2021
Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.
News Release
Global energy storage set to triple in 2021
- 07 October 2021
New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.
News Release
US solar prices on the rise
- 14 September 2021
Despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, supply chain constraints are leading to price increases across every solar market segment, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Drought puts pressure on Brazil’s power sector
- 08 September 2021
The severe drought in Brazil will contribute to an extremely tight power balance in the country, new research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows.
News Release
Steel sector emissions must fall 75% under 2°C scenario
- 10 August 2021
Carbon emissions in the steel sector must fall by 75% from today’s levels to limit global warming to within 2 degree Celsius (°C), says Wood Mackenzie.
News Release
Solar energy to boost demand for base metals
- 09 August 2021
According to a new report from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), solar power will have a significant impact on demand for aluminium, copper, and zinc, with the usage of all three metals in the sector set to double by 2040.
Comment
China’s CATL launches sodium-ion battery
- 29 July 2021
China’s CATL unveiled its newly-developed sodium-ion battery at a launch event today.
Comment
Slower H2 demand across most commodities in China
- 28 July 2021
Demand across most commodities in China is expected to slow down in the second half of 2021, according to Wood Mackenzie’s new monthly China Economic Focus report.
Comment
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.
News Release
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.
News Release
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.
Comment
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.”
News Release
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.
News Release
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).
News Release
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.
News Release
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.
Comment
Australia releases Budget 2021
- 12 May 2021
Wood Mackenzie experts comment on the recently announced Australia Budget 2021.
News Release
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
News Release
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.
News Release
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.

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