An estimated USD 160 billion portfolio of gas power and liquified natural gas (LNG) import capacity remains in development across Southeast Asia, even as conflict in the Strait of Hormuz has disrupted LNG supplies, driven up prices, and prompted governments and developers to reconsider their exposure to imported gas, according to a new report from GEM.
The Mediterranean’s renewable energy ambitions will be on full display when COP31 arrives to the coastal town of Antalya, as the region boasts more prospective wind & solar capacity than the entire planned power fleet in the U.S., according to a new GEM report.
The proposed increase to global coal mine capacity is at odds with a market expecting demand to flatten by the end of the decade, in part as coal-fired electricity is increasingly replaced by clean energy, according to a new GEM report.
Rapid coal power capacity growth deepened oversupply rather than responding to Hormuz-related supply disruptions, as reflected in rising clean power curtailment and falling coal power utilisation.
China’s unparalleled renewable energy expansion continued in the last year with over 500 gigawatts (GW) of wind and utility-scale solar capacity currently under construction, more than the rest of the world combined, but severe grid transmission bottlenecks risk prolonging the lifespan of coal well into its new Five-Year Plan, according to a new report by Global Energy Monitor (GEM).
