inspiriences

LONDON , June 11, 2025 /PRNewswire/ -- The ETC's new briefing note, Global trade in the energy transition: principles for clean energy supply chains and carbon pricing, highlights how technology progress and carbon pricing can accelerate the global energy transition. However, growing concerns over concentrated supply chains and perceptions that carbon border adjustments are protectionist could significantly delay global progress. The ETC briefing proposes an optimal way forward on two crucial trade-related issues: Developing domestic supply chains: six principles for policy. Carbon pricing and carbon border adjustment mechanisms (CBAMs): gaining global agreement to policies which can drive decarbonisation of "hard to abate" sectors . Nearshoring clean technology supply chains: six principles for policy The cost of several clean energy technologies has plummeted in the last decade. Solar PV module prices...

Renewable energy is changing the scene of global power with its cleaner, more sustainable substitutes for fossil fuels. Five top renewable energy sources—solar, wind, hydro, geothermal, and biomass—are leading the charge as the globe works on energy security and addresses climate change. These technologies promise financial development, energy independence, and lower greenhouse gas emissions. Solar Energy: Harnessing the Power of the Sun Solar energy is one of the fastest-growing renewable sources worldwide. Photovoltaic cells are at the heart of solar energy systems, converting sunlight into electricity. Over the years, solar technology has advanced to become more affordable and efficient. It is highly versatile and suitable for large-scale solar farms and small residential setups. This has led to a significant increase in solar power adoption, with rooftop solar installations in countries like Australia rising by 16% in early 2025. Countries like China, India, a...

The latest issue of our digital magazine, Future Power Technology , is out now. Read it online here on any device. In this issue, we deep dive into the world of renewable energy. We begin with wind power, looking at the supply chain fragmentation threatening the global wind turbine market and the setbacks facing offshore wind projects in Australia. We also explore how the hydrocarbon and offshore wind power industries are navigating offshore co-location, as demonstrated by developments in the North Sea. Turning to solar, we examine the state of gender equality in the industry and why inclusion is key to accelerating the energy transition. We then give an outlook for the global PV module market, highlighting leading technologies and industry players as well as emerging geographic markets. In hydrogen, we assess how Trump’s tariffs could derail the US green hydrogen boom. We also review low-carbon hydrogen’s potential to drive industrial decarbonisation and gain insights fr...

The International Energy Agency has noted a substantial uptick in worldwide electricity consumption, with a 4.3% jump observed in 2024, notably higher than the 2.5% escalation seen in 2023. The recently launched Global Energy Review 2025, which was published on Friday, links this increase to heightened electrification in various industries, severe weather events, and expanding industrial operations. The report indicates that the increase in electricity demand in 2024 was almost double the yearly average from the previous ten years, with China at the forefront. The globe's number two economic powerhouse was responsible for over half of the worldwide growth, with its power usage surging by more than 550 terawatt-hours (TWh), marking a 7% increase from the prior year. The IEA observed that China’s electricity consumption in 2024 surpassed the worldwide average yearly rise over the previous ten years. This surge can be attributed to increased industrial pro...

Russia’s invasion of Ukraine continues to underscore the importance of energy security. Renewables play a key role in strengthening that security and diversifying energy sources. The proportion of renewable energy sources has been increasing throughout Europe; however, it seems unlikely that numerous nations, especially those with the biggest economic powerhouses, will achieve the European Union’s goals for 2030. Upping the amount of renewables The use of energy for heating and cooling structures is particularly crucial since these applications make up almost half of the European Union's overall energy usage, as reported by Eurostat. So how much of Europe’s heating and cooling energy comes from renewables? And which countries are leading the way? Related Finland ‘ahead of schedule’ on coal phase out as Helsinki’s Salmisaari plant closes In 2023, renewable energy accounted for 26.2 percent of heating and cooling consumption within th...

In today’s swiftly changing landscape, where sustainability and technological advancements drive economic trends, numerous companies face constant exposure to innovative practices aimed at maximizing outcomes each day. Businesses and institutions host sophisticated seminars and conferences aimed at introducing individuals to fresh concepts. However, numerous such gatherings over time have not fulfilled participant requirements, suggesting that some crucial element might be absent. The key question to consider is whether there is an appropriate combination of resource people and participants at these events? The reality is, we must recognize that significant and noticeable transformation can only occur when individuals who are familiar with the path assume leadership roles. In order to create the necessary impact through technology and ensure sustainability occurs, these efforts should be led by specialists. The S.O.F.T Conference, scheduled for August in Dubai, United ...