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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

Decarbonising plastic value chains remains Herculean task

26 July 2021

Despite the ‘war on plastics’, demand over the coming decades will be robust, underpinned by the growing global middle-class and the material requirements of the energy transition.

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.

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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.”

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ArcelorMittal to take green steel honours with Sestao plan

13 July 2021

European steelmaker ArcelorMittal today announced plans to become the world’s first steelmaker to produce fossil-free steel using virgin iron. ArcelorMittal, the world’s second largest steelmaker and Europe’s largest producer, plans to produce fossil-free steel via a process known as H-DRI-EAF.

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.

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Supply outlook tightens as OPEC+ prepares to meet

01 July 2021

As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.

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 launches first-of-its-kind refinery intelligence tool

21 June 2021

Wood Mackenzie is now offering Refinery I/O, a new tool providing daily refinery analytics from proprietary data sets.

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

Producing green LNG is key for Australia to remain competitive

17 June 2021

Australian producers need to be at the forefront of green LNG to remain competitive, says Wood Mackenzie.

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.

News Release

Packaging redesign could reduce global plastic demand by 20% by 2050

10 June 2021

Plastic packaging redesign, which includes elimination, substitution and reuse approaches, could reduce global plastic packaging demand in 2050 from 190MT to 150MT, according to a new analysis from Wood Mackenzie’s Cross-Polymer Demand Model.

Comment

NEA Gas Forum - the future of gas is Asia and the prize is large

09 June 2021

Wood Mackenzie experts discussed key drivers of Asia Pacific gas markets at the Northeast Asia Gas Forum today.

News Release

Europe emerges as global LNG price-setter

27 May 2021

Global liquefied natural gas (LNG) markets were set to tighten over the next five years, driven by a slowdown in global LNG supply growth. But Europe’s market dynamics are turbo-charging the price recovery, with TTF currently trading close to US$9 per million British thermal units (/mmbtu), a level not seen since mid-2018. Following the recent winter spot price spike in Asia, the European market has been sustaining global LNG prices, making the region a battleground for global LNG price formation, new research from global natural resources consultancy Wood Mackenzie found.

News Release

Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power® Development Partner

12 May 2021

Lens® decision intelligence platform pinpoints strategic investment opportunities in utility-scale renewable generation

Comment

Australia releases Budget 2021

12 May 2021

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

Comment

Colonial Pipeline cyberattack may benefit European refiners

10 May 2021

The 2.5 million barrels per day (b/d) Colonial Pipeline moves roughly 45% of the US East Coast's supply of gasoline, diesel, and jet fuel from the Gulf Coast. The duration of the outage following the cyberattack on 7 May 2021 is uncertain. In the short term, Wood Mackenzie expects fuel demand and prices to rise in PADD 1, prompting refined fuel inventories to decline and PADD 1 refiners to maximize production.

Comment

China announces 'indefinite suspension of activities' under Strategic Economic Dialogue with Australia

06 May 2021

China’s state planner the National Development and Reform Commission (NDRC) announced today an “indefinite suspension of all activities under China-Australia Strategic Economic Dialogue”. Wood Mackenzie experts weigh in on the event.

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

OPEC+ maintains production plan

27 April 2021

OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

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.

News Release

Will higher oil prices spell trouble for upstream discipline?

19 April 2021

In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious.

News Release

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.

News Release

Asia’s ambitious biofuels plans thwarted by supply constraints and food security concerns

31 March 2021

Asia’s ambitious biofuels blending targets will be a challenge to meet due to supply constraints and food security concerns, says Wood Mackenzie.

News Release

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

30 March 2021

Granular subsurface data is key to understanding advantaged resources

News Release

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.

News Release

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.

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Search results: 5330

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

Decarbonising plastic value chains remains Herculean task

Next commodities supercycle will be driven by global energy transition

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

What would an EU carbon border adjustment mechanism mean?

ArcelorMittal to take green steel honours with Sestao plan

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

Supply outlook tightens as OPEC+ prepares to meet

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

Wood Mackenzie launches first-of-its-kind refinery intelligence tool

Wood Mackenzie expands energy transition expertise with acquisition of Roskill

Producing green LNG is key for Australia to remain competitive

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

Packaging redesign could reduce global plastic demand by 20% by 2050

NEA Gas Forum - the future of gas is Asia and the prize is large

Europe emerges as global LNG price-setter

Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power® Development Partner

Australia releases Budget 2021

Colonial Pipeline cyberattack may benefit European refiners

China announces 'indefinite suspension of activities' under Strategic Economic Dialogue with Australia

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

OPEC+ maintains production plan

UK accelerates plan to cut carbon emissions

Americas to lead global energy storage market by 2025

Will higher oil prices spell trouble for upstream discipline?

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

Asia’s ambitious biofuels plans thwarted by supply constraints and food security concerns

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

Global wind power installations hit record levels in 2020

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

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