Natural gas is losing its grip on the global power mix as countries increasingly turn to cheaper, more secure renewable energy, according to a new report from climate and energy think tank Ember. Ember’s analysis found that 61 out of 124 economies that generate electricity from gas have already passed peak gas power generation. That includes four G7 countries: the UK, Germany, Italy, and Japan. more…
The accelerating deployment and cost reduction of renewable energy technologies, particularly solar, are making them increasingly competitive and secure compared to fossil fuels.
This shift signifies a fundamental change in global energy production, impacting climate goals, geopolitical energy dependencies, and economic stability for many nations.
Global power generation is moving away from natural gas faster than anticipated, with solar emerging as a primary growth driver, challenging established energy infrastructures.
- · Solar energy developers
- · Renewable energy technology manufacturers
- · Countries with high solar potential
- · Consumers benefiting from lower energy costs
- · Natural gas producers
- · Fossil fuel infrastructure companies
- · Countries heavily reliant on gas exports
- · Legacy utilities slow to adapt
Reduced reliance on natural gas for electricity generation in a growing number of economies.
Increased investment in grid modernization and energy storage solutions to integrate intermittent renewable sources.
A recalibration of geopolitical alliances as energy dependencies shift from fossil fuel exporters to technology providers and rare earth suppliers for renewable infrastructure.
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Read at Electrek