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Yinson Holdings eyes global FPSO leadership in energy transition

energy transition

Soaring prices are hitting industrial competitiveness and household budgets; especially in poorly insulated homes and low income neighbourhoods. Following the shock of 2022, when Russia’s invasion of Ukraine triggered a sharp spike in gas and electricity prices, many cities are once again facing renewed pressure on energy costs, supply security, and social stability. The journal is intended to be a forum for exchanging and sharing scientific results focusing on effective and sustainable energy transition in response to climate change.

energy transition

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The closed Strait of Hormuz, as well as export bans of refined fuel products from countries like China and South Korea, have cut off petrol supplies in Asia. But wealth becomes prosperity only when governance converts it into an opportunity for ordinary people. Only governance, focused on fairness and development, can achieve this transformation.

  • The city introduced a comprehensive energy sufficiency plan, rolling out 25 new energy saving measures across buildings, public lighting, and transport.
  • Targeted measures are essential to address energy poverty and shield vulnerable groups – including women, single parent households, people with disabilities or with migrant background – from the cost of living impact.
  • But with just four months left before Petro leaves office, Colombia's energy transition "still lags far behind its ambition," the Climate Action Tracker, which monitors countries' progress towards their climate commitments, said.
  • Renewables now make up a record 49.4% of the world’s energy capacity, up from 46.3% in 2024.
  • For Europe, partnerships with Latin American producers are essential for diversifying supply chains and strengthening industrial autonomy under its climate and industrial policies.

Cameroon Palm Oil Exports Rise 17% in 2025 Amid Supply Shortfall and Rising Imports

energy transition

Demand for lithium is expected to increase more than fourfold by 2040, driven by rapid growth in electric vehicles and energy storage systems. By 2030, global demand could surpass 2.5 million tonnes of lithium carbonate equivalent annually, reinforcing the region’s strategic importance in the global battery supply chain. Climate-tech companies raised $77.3 billion in private and public equity throughout 2025, up 53% year-on-year and marking the first year of growth after three consecutive years of decline.

  • Their scientific quality and compliance to the journal’s aims & scope are the main criteria by which acceptance for publication will be decided.
  • Our EREV technology acts as a bridge between traditional vehicles and fully electric mobility.
  • Instead, Africa must pursue a transition that respects its unique economic realities while preparing for a sustainable future.
  • For those under an initial training contract, a 14-day withdrawal period must be observed before final confirmation of enrollment.
  • The city therefore, focused on combining immediate support with long‑term solutions that helped people permanently reduce their energy bills.

Policy & Finance

UOB Kay Hian (UOBKH) Research said this was made clear when Yinson Holdings created history by operationalising the world’s first offshore post-combustion carbon capture via FPSO Agogo on March 30, 2026. The Coalition had insisted during the fuel protests that it was not going to abandon the carbon tax. Since 2020, the Government has been committed to an annual increase in the carbon tax, to take it from a rate of €20 per tonne of CO2 in 2020 to €100 per tonne in 2030.

Other parts of the country have also complained about intermittent power cuts, which the ECG leadership and the President said were a result of an upgrade to boost power supply and stability. UOBKH Research said the FPSO space may emerge as an underrated investment option for sovereign nations to navigate against potential multi-faceted energy security risks. In a speech on Saturday at a meeting of the Youth of the European People’s Party Council at Dublin City Hall, Harris suggested the Government could consider making one-off payments to people who want to switch to more sustainable home-heating systems or cars. In that reality, a fair transition must first deliver access, affordability, and reliability. Climate responsibility matters, but development responsibility matters just as much.

energy transition

That record-breaking streak has largely come down to plummeting costs for solar panels and wind turbines, the leading forms of clean power generation. These items have grown so cheap on a global scale that a UN analysis last year concluded over 90% of new renewable energy projects are now cheaper than alternative fossil-fuel-dependent sources. UNDP partners with countries and development actors to transform energy systems by driving policy, technology and financial shifts that support sustainable development. UNDP works to ensure a just energy transition—one that distributes benefits equitably while minimizing negative impacts on the poorest and most vulnerable communities, leaving no one behind.

He vowed to halt all new oil and gas exploration, end fracking, and to make one of the world's most biodiverse countries carbon neutral by 2050. Federica Genovese, a professor of political science and international relations at the University of Oxford, who focuses on climate policy, tells Rolling Stone that it’s not yet clear how big of an impact this energy crisis will have in Europe. Peru is the world’s second-largest copper producer, contributing about 10% of global supply. The country continues to attract strong international investment in large-scale mining operations. BloombergNEF clients can find the full report – as well as an accompanying data viewer, country-level insights and a semi-annual deep dive on renewables investment specifically – on bnef.com and the Bloomberg Terminal. Southeast Asia’s motorists are increasingly feeling https://cafelam.com/discover-how-sap-basis-supports-robust-reliable-operations-across-the-energy-gas-and-utility-sectors/ the pinch as the Iran energy crisis extends into its eighth week.

Extended data

UNDP’s work also includes providing technical support and capacity building to governments, businesses, and communities, ensuring they have the tools and knowledge to adopt and sustain clean energy systems effectively. In some Member States, such as Poland, short‑term responses to the 2022 energy crisis included financial support for coal‑based heating. In Italy, the government spent around €1 billion in just two weeks to cut fuel excise duties in order to soften the impact of rising prices.

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