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—Andres Angulo, Energy Analyst at GlobalData Despite the high number of partnerships formed between companies as compared to government agencies, investing and raising capital were of the utmost importance to developing the hydrogen economy in 2022. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1
The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. The Suez Canal is an artificial waterway in Egypt extending from Port Said to Suez, connecting the Red Sea and Gulf of Suez with the Mediterranean Sea—a distance of 120 miles.
Underdeveloped countries in Africa like Nigeria, Tanzania, Mozambique and Egypt and their Asian counter parts like Nepal, Bangladesh, etc., Three-wheelers offer an efficient, quick and economical way of transportation even in the areas where buses, trucks, taxis, etc. cannot effectively penetrate.
Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.
Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.
There is also a risk that lesser-developed economies will be disproportionately affected by price hikes. Leading up to COP27 in Egypt in November, extra attention should be paid to these markets as it will be crucial to make sure they don’t fall behind and lose valuable time in the race to net zero.
Over the past few years I’ve published assessments of the hydrogen strategies of multiple jurisdictions, including the United States, Australia, Japan, Morocco, Algeria, Egypt, the EU, and the Canadian province of Ontario, among others. News of the German chancellor coming, cap in hand, begging for liquid natural gas and hydrogen.
The cost for these smaller nations makes up a larger portion of their economies, so before spending the money, they need to have the proper expectations. That’s a substantial amount of a country’s economy dependent on a resource that has proven to be unpredictable in the past. —Sergey Paltsev. Click to enlarge. Background.
That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. Hydrogen would help emerging economies meet their climate goals, lower their costs, and make their energy grid more resilient,” he said.
Instead, I will use the rate of 6,000 kWh/year, which is the unweighted mean for the European Union’s four largest economies—Germany, France, Italy, Spain—and Japan. Egypt, for instance, is at about 1,500 kWh/year, or a quarter of the affluent rate. Only North Africa has consumption rates of the same order of magnitude.
Substantial emission reductions due to fuel economy standards for passenger cars are already included in the current policy scenario. Ten countries make up approximately 85% of the entire coal pipeline: China, India, Turkey, Indonesia, Vietnam, Japan, Egypt, Bangladesh, Pakistan and the Republic of Korea.
It will generate green jobs, making Gujarat a leading exporter of green energy products and contributing to making the state into a USD 3 trillion economy. “Gujarat will get more than half of its energy from green energy sources with the facility that will be ready by late 2024.
We try to cover what is happening in all the key EV markets of the world, and we increasingly cover quite a lot of content focusing on the development of the African EV market. We are always on the lookout for any interesting developments. There is a lot of exciting stuff happening all over the […].
The United Nations Development Programme (UNDP) has established a causal link between climate change and the rise in armed conflicts in sub-Saharan African countries: Burkina Faso, Cameroon, Chad, Mali, Niger, Nigeria, Somalia, and Sudan. This region has become the global epicenter of violent extremist activity. “On the […]
Several countries in Africa are looking at resuscitating old motor vehicle assembly plants or developing new assembly plants. The motor vehicle assembly industry, as well as the manufacture of associated components that boost downstream industries, are seen as a catalyst for economic growth, bringing much needed job creation opportunities.
During this period, Nielsen’s Global Online Consumer Confidence Survey found heightened American consumer concern around the economy, rising gas prices, and debt. —Ram Mohan Rao, Managing Director, Nielsen Egypt.
For the study, published in the journal Environment International , the team monitored pollution hotspots in 10 global cities: Dhaka (Bangladesh); São Paulo (Brazil); Guangzhou (China); Medellín (Colombia); Cairo (Egypt); Addis Ababa (Ethiopia); Chennai (India); Sulaymaniyah (Iraq); Blantyre (Malawi); and Dar-es-Salaam (Tanzania).?.
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