Catalyst Cooperative
@catalystcoop@mastodon.energy  ·  activity timestamp 4 weeks ago
Stephen Shankland
@stshank@mstdn.social  ·  activity timestamp 4 weeks ago
Geopolitical fragility coexists with subdued oil prices. Ongoing conflicts and instability sit alongside oil market balances showing a large surplus of supply over demand. Countries are prioritising energy security and affordability but are reaching for different levers to achieve them. Some, including many fuel-importing countries, lean towards renewables and efficiency as solutions. Others focus more on ensuring ample supplies of traditional fuels. There are fractures in the international system and uncertainties over the outlook for trade, but energy trade is more important than ever. Abundant supplies of oil, solar panels, batteries and, before long, liquefied natural gas (LNG) create strong incentives for producers to seek out international markets. There is less momentum than before behind national and international efforts to reduce emissions, yet climate risks are rising. 2024 was the hottest year on record and the first in which global temperatures exceeded 1.5 degrees Celsius (°C) above pre-industrial levels.
Geopolitical fragility coexists with subdued oil prices. Ongoing conflicts and instability sit alongside oil market balances showing a large surplus of supply over demand. Countries are prioritising energy security and affordability but are reaching for different levers to achieve them. Some, including many fuel-importing countries, lean towards renewables and efficiency as solutions. Others focus more on ensuring ample supplies of traditional fuels. There are fractures in the international system and uncertainties over the outlook for trade, but energy trade is more important than ever. Abundant supplies of oil, solar panels, batteries and, before long, liquefied natural gas (LNG) create strong incentives for producers to seek out international markets. There is less momentum than before behind national and international efforts to reduce emissions, yet climate risks are rising. 2024 was the hottest year on record and the first in which global temperatures exceeded 1.5 degrees Celsius (°C) above pre-industrial levels.
Geopolitical fragility coexists with subdued oil prices. Ongoing conflicts and instability sit alongside oil market balances showing a large surplus of supply over demand. Countries are prioritising energy security and affordability but are reaching for different levers to achieve them. Some, including many fuel-importing countries, lean towards renewables and efficiency as solutions. Others focus more on ensuring ample supplies of traditional fuels. There are fractures in the international system and uncertainties over the outlook for trade, but energy trade is more important than ever. Abundant supplies of oil, solar panels, batteries and, before long, liquefied natural gas (LNG) create strong incentives for producers to seek out international markets. There is less momentum than before behind national and international efforts to reduce emissions, yet climate risks are rising. 2024 was the hottest year on record and the first in which global temperatures exceeded 1.5 degrees Celsius (°C) above pre-industrial levels.
A Sweet Gentleman
@aSweetGentleman@mstdn.social  ·  activity timestamp 2 months ago
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