Offshore wind forecast to quadruple to 420 GW by 2035
The Global Wind Energy Council’s 2026 Offshore Wind Report projects offshore wind capacity will soar from 92 GW in 2025 to about 420 GW by 2035, with more than 327 GW of new global capacity expected. Annual installations are forecast to double in 2026, triple by 2031 and exceed 50 GW per year by 2035, reflecting accelerating build‑out despite […]
EU approves €23 billion Italian renewable contracts for difference scheme
The European Commission has authorised Italy’s €23 billion scheme to support onshore wind, solar, hydropower and sewage gas plants through 20‑year contracts for difference (CfDs). The programme is expected to add 37.15 GW of renewable capacity, almost half of Italy’s current renewable fleet. Italy aims for renewables to supply 39.4% of its gross final electricity […]
Aviation’s 2050 net-zero target slips from difficult to doubtful as SAF gap widens
Airline leaders say aviation is unlikely to meet its 2050 net-zero target on the current trajectory, with IATA director general Willie Walsh warning that “hope is fading fast” and calling for a more “realistic timeline”.… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
China leads surge in low‑carbon industrial investment – Mission Possible Partnership
The Mission Possible Partnership (MPP) recorded 19 low‑carbon industrial projects reaching final investment decisions (FIDs) globally between November 2025 and April 2026, worth roughly $43 billion – more than double the eight projects in the… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
EU plans to tax electricity less than gas to spur electrification and ease bills
A draft Commission proposal would require all EU member states to tax electricity at a lower rate than natural gas. This would make heat pumps and electric vehicles more competitive and accelerate electrification in transport, industry and heating. The same draft would oblige countries to incentivise time‑of‑use tariffs, target that half of households have smart […]