Iraq Bulletin

Tag : energy transition

Business

ADB unveils fund to speed ASEAN power grid plans

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MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for Energy in Southeast Asia, is aimed at advancing the ASEAN Power......
Business

China electric cars reshape fuel demand and Venezuela oil flows

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BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said China sold over 11 million electric cars in 2024, with electric models......
Business

UAE and Korea strengthen cooperation in energy and advanced industry

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SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO. The visit included......
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Power capacity from renewables sees record-breaking global growth in 2024

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Global renewable capacity surged to 4,448 GW in 2024, with solar and wind leading 96.6% of additions, says IRENA....
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Electricity consumption drives global energy demand surge in 2024

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Global energy demand growth 2024 jumped to 2.2%, led by soaring electricity use and record renewable energy deployment....
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Emerging economies to drive 85% of global electricity demand growth

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Global electricity demand is projected to rise nearly 4% annually through 2027, driven by industrial expansion, transport electrification, and rapid data center growth....
Business

Global clean energy investment set to reach $1.7 trillion, overtaking oil production

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Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that investment in clean energy technologies is outstripping spending on fossil......
Business

European Investment Bank supports circular economy with €3.4 billion lending

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Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that investment in clean energy technologies is outstripping spending on fossil......