Achieved Commitments News Today

Geopolitical fragmentation and the energy transition are increasing the interconnectivity of commodity markets, putting commodity trading at center stage.

Oil demand growth has started to show signs of slowing, and demand is expected to begin to decline by 2030 across all scenarios.

Investments in the energy sector are projected to grow from $1.5 trillion today to between $2.0 and $3.2 trillion by 2040, representing growth of between 35 and 120 percent.

Low-carbon energy technologies are growing, but bottlenecks could slow the energy transition at a time when the rollout of clean technologies needs to accelerate.

The packaging industry can significantly contribute to Africa's sustainable energy transition amid climate change.

Africa has the fastest-growing population in the world, and it is set to double by 2050 to reach more than two billion people.

It is possible to address Africa’s large and growing energy needs while simultaneously transitioning to sustainable energy production on the continent.

Traders that develop an in-depth understanding across different fuels, feedstocks, and regions can gain a competitive advantage.

Key insights from McKinsey's Global Energy Perspective 2022 1 While governments and businesses are increasingly committed to steep decarbonization targets, energy markets face extreme volatility driven by geopolitical tensions and a rebound in energy demand The conflict in Ukraine, as well as other factors, have triggered significant peaks in energy prices as uncertainties

The primary driver for the reduction in growth is likely to be a slowdown in the demand growth for road transport, the report added.