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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.
China's electric power system ranks among the largest and most rapidly expanding in the world, with coal power continuing to play a significant role in electricity generation. However, the share of nuclear and other renewable energy continues to ...
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According to the International Energy Agency (IEA), demand for global electricity grew by an estimated 4.3% y/y in 2024, up from 2.5% in 2023, driven by expanded electrification globally. Most of the 2024 growth came from emerging economies, ...
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In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of ...
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After several years of turbulence in European energy markets owing to the COVID-19 pandemic and Russia's invasion of Ukraine, the years 2023 and 2024 brought a degree of certitude back to the sector. For many countries in the region, 2023 and ...
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Thailand's electric power sector is undergoing a shift towards a more sustainable energy architecture in order to meet rising demand and targets to become carbon neutral by 2050. Central to this shift is an aim to reduce the reliance on fossil fuels ...
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