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The Latest Breaking News from Wood Mackenzie

The year in clean energy: Wind, solar and batteries grow despite economic challenges

Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects

The Independent UK

How Elon Musk’s solar ambitions fell back to earth

The revolutionary "solar roof" is one of Musk's best products. How come nobody's buying it?

Fortune

The world is awash in plastic. Oil producers want a say in how it's cleaned up

Groups connected to the fossil fuel industry are trying to shape an international treaty to cut plastic pollution. And oil- and gas-producing nations are at the negotiating table.

WEKU

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Buy This Mining Stock Now for the Inevitable Copper Shortage

The decarbonization of the world’s power grids and auto fleets will drive up demand for copper, and investors should buy this top mining stock to take advantage as demand overwhelms supply.

Barchart

A year in, landmark U.S. climate policy drives energy transition but hurdles remain

One year ago, President Biden signed the Inflation Reduction Act into law, directing hundreds of billions of dollars to speed the transition away from fossil fuels.

WEKU

How Queensland booked better ticket on coal gravy train

Coal royalty rates didn't move in NSW.

Newcastle Herald

Vested interests have knee-capped the Emissions Trading Scheme

Grab the first-mover advantage while you can is the one message intransigent farmers and co-ops should take from the NZ Steel deal – the money from the Govt's Emissions Trading Scheme is dwindling fast.

Newsroom.co.nz

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3 Disappointing Green Stocks With No Room Left to Run

Increased environmental awareness and transition to green energy have resulted in clean energy companies receiving much attention. However, weak and beaten-down green stocks Sunrun (RUN), Polar Power (POLA), and Ascent Solar Technologies (ASTI), with no room left to run, could be best avoided now. Read on….

StockNews.com

Putin’s energy gambit fizzles as warm winter saves Europe

Russian President Vladimir Putin’s plans to squeeze Europe by weaponizing energy look to be fizzling, at least for now.

Tribune News Service

What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

Insider UK

California dips its toe into the deep waters of offshore wind energy

California has taken the first step in what will be a very deep dive into energy generation from offshore wind farms.

Tribune News Service

Wood Mackenzie sold to Veritas Capital for $3.1 billion

New York-based private equity firm wins battle to buy Edinburgh energy consultancy

Insider UK

Wood Mackenzie targeted by private equity bidders

City sources say Edinburgh-based energy consultancy could be valued at around £2.5bn

Insider UK

Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape

Price of gas for delivery on Friday drops 21% from Wednesday night’s price of 405p per therm to 320p

The Guardian - UK

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ABC News

Record profit for Whitehaven Coal as global energy crisis fuels thermal coal demand

The surging price of coal has led to a multi-billion-dollar profit for Whitehaven Coal, which insists the future outlook for coal is strong despite the global push to reduce greenhouse gas emissions.

Asharq Al-Awsat

OPEC Holds Special Meeting to Ditch IEA Data

OPEC on Thursday held a brief extraordinary meeting to ditch the International Energy Agency from its list of trusted data contributors, an OPEC source said on Thursday. The meeting followed a regular policy decision meeting. Earlier this week, OPEC experts recommended ditching the IEA and choosing consultancies Rystad and Wood…

Benzinga

Years Of Falling Prices For Solar Products Reversed In 2021: CNBC

According to a report released by the Solar Energy Industries Association and Wood Mackenzie, 2021 was the first year in which solar prices rose across res

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