Fossil fuels

Projected opportunities could include power generation and fuel refining; coal and natural gas could make a comeback

The region must reduce fossil fuel dependence and build a more diversified energy mix

Down by 1% in April, it has fallen in a month typically associated with seasonal maintenance

There is a ‘low probability’ of disruptions to domestic energy and electricity supply due to the Iran war, but they cannot be ruled out, he says

The bank’s reductions in oil and gas already surpass its 2030 goal, but annual performance depends on factors that may be outside control

Decentralised, regionally integrated energy systems grounded in renewables offer greater predictability

The crisis may be a catalyst – or obstacle – for the region’s renewable energy transition goals

A prolonged disruption will threaten the fossil-fuel-reliant region’s power generation into April and May

The country aims to reach net-zero emissions by 2060