Latest news on Energy

Driven by climate and energy policies around the world, a record-breaking additional 290 GW of renewable energy capacity was created in 2021. At this rate, it will exceed that from fossil and nuclear sources by 2026. But meeting net zero carbon emissions by 2050 remains a big challenge.

Oman currently relies heavily on fossil fuels. But construction of the world’s largest green hydrogen plant, which will use renewable energy to split water in an electrolyser, will turn this around. The plant should be at full capacity by 2038, offering a carbon emission-free replacement for fossil fuels.

Addressing climate change requires decarbonisation of both energy supply and demand. New analysis from IRENA finds that renewable energy, energy efficiency and electrification are at the centre of the global energy transition. Not just for emission reduction, but because of cost advantages and increasing demand.