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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
Poland relies on coal for 70% of its energy needs, the highest proportion among EU member states. However, in recent years, the country has shifted towards a greener agenda, aiming to reduce fossil fuel use and increase the adoption of renewable ...
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Robust economic activity and rising electrification, the key drivers of power demand, coupled with the rapid expansion of clean energy capacity and regulatory reform, have created a favourable environment for India's power sector ...
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During the United Nations Climate Change Conference (COP26) in November 2021, Thailand set a target to become carbon neutral by 2050. The country's power development plan, which maps out strategies for integrating renewable energy into Thailand's ...
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India's renewable energy sector stands as one of the most rapidly expanding globally, buoyed by exceptional solar and wind resource availability and robust government policies. As of 2022, the International Renewable Energy Agency (IRENA) ranked ...
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Energy poverty in Africa remains widespread and according to the African Development Bank (AfDB) over 640mn of the continent's population lack access to energy. This corresponds to an electrification rate of just over 40%, amongst the lowest in the ...
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The electric power sector is an important driver of economic development and employment growth for energy-hungry Indonesia. The sector employed some 320,000 people as of 2022. The country's power generation mix is dominated by coal, which accounts ...
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Vietnam's national electricity development plan forecasts solar energy in the capacity mix to grow from 8.5% in 2030 to as much as 34.4% in 2050. Offshore wind is also expected to substantiate more of the capacity mix growing from 4% in 2030 to 16% ...
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With over 660mn people, and a combined economy that represents the fifth largest in the world, the 10 countries forming the Association of Southeast Asian Nations (ASEAN) region have been relying on fossil fuels to power their fast growth. The ASEAN ...
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According to the July 2023 Electricity Market Report by the International Energy Agency (IEA), electric power consumption increased by 2.3% y/y across the world during 2022, slightly below the annual average of 2.4% observed during the pre-pandemic ...
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