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Battle for the future 2024: Plummeting solar costs remake the power landscape in Asia Pacific Will renewables capex continue to drop? Has cost inflation peaked? Can Chinese non-solar power technologies expand beyond its borders to offer a competitive edge in the Asia Pacific sub regions? Can offshore wind be competitive? How long will it take before it becomes competitive with conventional power technologies? Can new clean fuels such as green hydrogen and ammonia compete against other power sources in the future? What will it take?
South Korea’s draft 11th Basic Plan—the road less travelled: a different path to energy transition
Start RECording: Price outlook for renewable energy certificates in Asia Pacific
While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of US$100 billion by 2050.
Steel industry’s carbon emissions is expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.
Following the 7.4-magnitude earthquake reported off Fukushima, Japan, Wood Mackenzie senior analyst Yamato Kawamata gives an overview of the impact on the power sector.
China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.
Economic growth, stability in energy prices, energy transition, dual-control targets and relations with the US, are the top five themes to watch out for in China’s energy outlook this year, says Wood Mackenzie.
Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.
South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy making its first foray into the country’s upstream industry.
China begins the sale of its Strategic Petroleum Reserves (SPR) today. According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), the SPR auction is unlikely to have material impact on crude oil markets globally.
China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.
Small modular nuclear reactors (SMR) could play a crucial role in meeting Paris Agreement targets, says Wood Mackenzie.
Corporate renewable power purchase agreements (PPA) are starting to play a bigger role in Asia Pacific’s decarbonisation efforts, says Wood Mackenzie.
Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.
Japan is unlikely to reach a 46% reduction in emissions by 2030 compared to 2013 levels, according to research by Wood Mackenzie.
South Korea could be more ambitious with its 9th Basic Plan’s 2030 renewables capacity target, according to research by Wood Mackenzie.
Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.
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.
As Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.
Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.
2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.
Spot prices of trucked LNG in China were highly volatile last month.
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.
South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.
Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.
India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.
China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.
Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.
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