Enerdata

📄 [#analysis] Azerbaijan's energy landscape and importance in gas trade In two weeks from now, the #COP29 will begin with discussions and negotiations over twelve days (November 11-22). This year, the focus will be on climate finance and unlocking funds to support the transition in developing countries. As it will be hosted in Baku, capital city of Azerbaijan, this is the opportunity to have a look at the #energy landscape of the country. Azerbaijan relies massively on large #oil & #gas resources. As of 2023, oil reserves are estimated at 952 Mt while natural gas reserves amount to 1,917 bcm. Overall, the hydrocarbon sector accounts for 45% of the GDP. Oil and gas largely dominate primary energy consumption and exports. In the early 2000s, oil was the primary resource for the country, for both domestic supply and exports. Over the past decade, Azerbaijan also became a major natural gas producer. Shah Deniz gas field (located 70km southeast of Baku) represents 77% of the gas production. Since 2018, an expansion of the field allowed to accelerate the production. Additionally, because of its strategic location in the Caucasus next to the Caspian Sea, Azerbaijan became a major gas hub between Asia and Europe.  Since the beginning of the war in Ukraine, gas exports to the EU increased sharply. With a network of three main pipelines constituting the Southern Gas Corridor, gas is transported in majority to Italy, Turkey, and Greece. Further insights and exclusive data can be found below: 👉 https://lnkd.in/dCsyErX 👉 https://lnkd.in/eDwMC-D

📄[#analysis] Indonesia – How to transition away from coal?   As milestones of its #energytransition, Indonesia has set targets to reach a 44% share of renewables in the #powermix by 2030 and global #netzero emissions by 2060. However, #coal production and consumption keep increasing as it is a crucial resource for the country’s economy and energy sector. Notably, coal exploitation represents: 🔹 67% of power generation (+22 pp since 2010) 🔹 35% of total primary energy consumption 🔹 6% of GDP 🔹 55% of CO2 emissions from fuel combustion   In the power sector, substituting coal is a major challenge for Indonesia as the country is facing rapidly growing #electricity demand (+5.4% in 2023). Although Indonesia is the 2nd largest producer of geothermal energy, the country is truly lagging in terms of renewable deployment with less than 1 GW of solar and wind capacities. Recently, the government and power companies announced plans to shut down 13 coal-fired plants (4.8 GW), to install 5 GW of wind capacity by 2030, and to switch 800 coal power plants to gas by 2060. Additionally, Indonesia has launched its renewable energy investment plan under the country’s Just Energy Transition Partnership (JETP), intending to mobilise US$21.6bn in financing from global lenders. The plan intends to cut emissions from the power sector down to 250 MtCO2 by 2030 compared to 350 MtCO2 in a BaU scenario. However, the plan currently faces bottlenecks to be fully launched, and it is estimated that US$97.3bn need to be mobilized to achieve the 2030 targets.   🔸 Further insights on energy and emissions in our Global Energy & CO2 database: https://lnkd.in/dCsyErX 🔸 Access all the information on decarbonisation policies and national energy markets for 110+ countries through our Global Energy Research: https://lnkd.in/gv--C4A

Did you miss our #webinar “Are Power Producers on Track to Meet #ParisAgreement targets? 🎯", presenting exclusive figures on the largest WW #powergeneration companies? ▶️Watch the replay on YouTube 👉 https://lnkd.in/eTbu_Wra

[#analysis] - Biden's presidency: ambitious climate policies amid contradictory energy production trends and uncertain future? In the run up of US elections, we had a look at policies implemented, energy production and #CO2emissions trends in the US since the beginning of Biden’s mandate in 2021. Despite enhanced climate ambition and policies that contrast with Trump’s presidency, the energy production trends during Biden’s term are not necessarily reflective of a significant transition. 🌍 Since Biden took office in January 2021, several climate and energy policies have been enacted, including rejoining the #ParisAgreement, increasing the US emissions reduction target to 50-52% by 2030 (compared to 2005 levels), and signing the #InflationReductionAct. 🔌 As of 2024, most future power generation projects currently under construction are #renewable-based, with 45 GW of renewable capacity and only 7 GW of thermal capacity (excluding nuclear) planned or under final investment decisions by 2023.  🛢️ However, despite these political efforts, #ThermalElectricity remains largely dominant, accounting for 61% of power generation in 2023, against 68% in 2015. 📈 Moreover, #Oil production and oil exports have continued to grow under Biden’s presidency (+0.4%/month), though at a three times slower pace than under Trump (+1%/month). Even if political decisions have been moving in the right direction since Biden’s election and that CO2 emissions have decreased, the #energytransition does not seem to be fully underway in the US. Emissions from fuel combustion would need to decrease by 6% to 7% per year on average until 2030 to meet the Paris Agreement goals (keeping global warming well below 2°C), against 1%/year since 2021. This highlights the critical stakes of next month’s elections. 

Our exclusive #webinar “Are Power Producers on Track to Meet #ParisAgreement targets? 🎯” is happening tomorrow at 11:00 AM CET During this event, our expert will unveil the major evolutions of the largest #powergeneration companies over the last years. Last chance to register for free here 👉https://lnkd.in/ers3M8Rt

📰 Top 5 #ClimateNews of this week: 1️⃣ #GAFAM invest in #nuclear ☢ 2️⃣ Development of #renewableenergies in India📈 3️⃣ New #powertransmission lines in Kenya 🔌 4️⃣ Commissioning of a #CCS project in Australia ✔ 5️⃣ MoU for a #greenhydrogen project in Algeria 🤝 Get daily #energynews on our website!

⚡India just hit 200 GW of renewable power capacity Latest data released by the Central Electricity Authority of India shows that the country has surpassed 200 GW of #renewablepower capacity. As of October 2024, the combined capacity of renewable sources amounts to 201.5 GW. Our recent analysis showed that India was off track to meet its target of 500 GW renewable capacity by 2030. These recent data however denotes an acceleration of renewable installations in 2024, with notably 18 GW of #solar capacity already added this year (against 10 GW over the full 2023 year). Access up-to-date information and get tailored daily #newsfeed with our market intelligence services: https://lnkd.in/e97Q769

⏰ In 1 week, join our live #webinar with our expert Baptiste Possémé, who collected and analysed essential data and trends regarding #powermix and #carbonfactor of the largest WW #powergeneration companies to answer the hot topic “Are they on track to meet the #ParisAgreement targets? 🎯”. Rush to register 👉 https://lnkd.in/ers3M8Rt

📄new #analysis: Quantifying sectoral CO2 marginal #abatementcost curves 👉application of #MACCs in abatement decision-making. This brief builds upon Enerdata’s EnerFuture scenarios to provide exclusive quantitative insights into the anticipated trends in #energysystem costs under different climate ambition levels, ranging from a baseline scenario to a climate constraint scenario. At the same time, it discusses case studies and results covering The European Union Landscape, Czechia and Indonesia. Read the analysis 👉 https://lnkd.in/e7CcYa2M

📰 Top 5 #ClimateNews of this week: 1️⃣ #gas field suspension in Israel ❌ 2️⃣ deal signed for #solar #wind projects in India 🤝 3️⃣ Domestic crude #oil increase in the US 📈 4️⃣ Funding for #CCS development in Denmark 💰 5️⃣ #waveenergy project planned in Taiwan 🌊 Get daily #energynews on our website!