In November 2024, the U.S. Federal Energy Regulatory Commission (FERC) rejected Amazon’s request to directly purchase 180 megawatts of power from the Susquehanna nuclear plant for a nearby data center. The decision underscored concerns about fair grid usage as data centers increasingly drive electricity demand. After two decades of flat electricity demand, power consumption forecasts …
The latest deadline for countries to submit their nationally determined contributions (NDCs) under the Paris Agreement climate goals has passed, with only 15 of the 194 signatories complying. These plans outline how each country intends to limit global warming to 1.5°C above pre-industrial levels, ideally no more than 2°C. Despite the agreement’s intent to strengthen …
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Europe faces significant challenges in meeting energy demand during winter due to limited solar availability in its northern latitudes. A fully decarbonized Europe will depend heavily on solar power from the south, wind energy from the north, and, critically, large-scale, long-duration energy storage systems to bridge days or even weeks of low renewable generation. Among …
Europe is at a pivotal moment in its energy transition, facing an urgent need to modernise its aging electricity grid to accommodate the rapid growth of renewable energy. According to recent estimates, $633 billion in investment is needed by 2030 to upgrade and expand the continent’s grid infrastructure. This transformation is essential for integrating new …
For centuries, economies have been shaped and managed by human decision-making, but the rise of artificial intelligence is challenging this notion. AI is no longer just a tool for automation—it is evolving into an independent economic participant. The rapid advancements in AI agents mean they are not just responding to commands but making decisions based …
A new report warns that Ireland must act immediately to avoid paying significant compliance costs for failing to meet its climate targets. The report, published jointly by the Irish Fiscal Advisory Council (IFAC) and the Climate Change Advisory Council (CCAC), estimates that Ireland could face penalties between €8 billion and €26 billion if it does …
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The global offshore wind industry is poised for a significant resurgence in 2025, with projected capacity additions reaching 19 gigawatts (GW) and expenditures expected to hit $80 billion. This marks a strong recovery from 2024, when new installations fell to 8 GW. The rebound is largely driven by a surge in lease auctions, with the …
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The analysis reveals that just 36 fossil fuel companies are responsible for half of the world’s climate-heating carbon emissions. The report, which builds on previous versions used in legal cases against both companies and investors, highlights that these firms produced fossil fuels—coal, oil, and gas—that are significantly driving global warming. In 2023 alone, these companies …
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