Unless governments act quickly to meet climate targets, global oil demand will return to pre pandemic levels in two years and reach a record high in 2026, according to the International Energy Agency. The oil market and the world economy are recovering from a massive collapse in demand caused by the coronavirus pandemic, the IEA

According to a World Bank report, energy transformation requires 3 billion tons of metals and minerals. The report also noted that by 2050, demand for materials such as copper, lithium, cobalt and graphite would increase by 500 per cent. Some of these metals, copper, are already close to the supply less than demand. Copper prices

On March 2, the International Energy Agency (IEA) issued a communique saying that global carbon emissions will rise further in 2021. The novel coronavirus pneumonia slowed down economic activity, and global carbon emissions decreased by 5.8% in 2020, but it began to rebound at the end of 2020. According to the communique, global carbon emissions

The global hydrogen industry will develop rapidly in 2020, especially the “green hydrogen” produced from renewable energy will become the preferred green fuel in the future. Statistics show that last year, the world announced a total of more than 150 billion US dollars of “green hydrogen” project. A few days ago, German Grand Falls Power

In 2020, due to the global epidemic, global hydrogen demand has declined, but analysts expect that global hydrogen demand will rebound rapidly due to increased government support and help to expand production capacity. Zane MacDonald, chief energy transformation analyst of energy information analysis company hydrogen and alternative transportation, said on the 19th at an online

According to the recent publication of progress in science, the US research team has found that in the past few decades, the earth’s biosphere has absorbed more carbon than it has released, but this trend is slowing down and may even reverse. The earth is on the brink of a lethal “tipping point” for climate

Recently, oil price.com pointed out that with the implementation of clean energy policies by governments and the acceleration of energy transformation, the attraction of Asian coal power industry to investment is rapidly decreasing. According to the financial times, Vietnam, Indonesia, the Philippines and Bangladesh canceled coal-fired power projects with a total installed capacity of 45

Russia plans to deepen relations with China by expanding energy exports. Russia will launch new joint ventures and pipeline projects to deliver coal, natural gas and petrochemicals to China, the world’s largest energy consumer. In addition, Russia also plans to double its coal exports to China, which is enough to replace Australia’s exports to China.

“China’s carbon dioxide emissions will strive to reach the peak by 2030 and achieve carbon neutrality by 2060.” With the proposal of China’s goal of carbon peak and carbon neutralization, the development of green finance business including carbon finance will usher in great opportunities. The fourth quarter 2020 regular meeting of the monetary policy committee

According to foreign news on December 24, global oil demand in 2021 is expected to rebound from the lowest point of the anti epidemic blockade, but the surge of crude oil in the Middle East and the strong growth of biofuels will have an impact on global crude oil and refiners. In order to promote