This 2024 World Energy Markets Observatory outlook will be structured in three main paragraphs:
In the first paragraph, we will look at the energy markets developments in the last 12 months in the present very tense geopolitical situation: the energy prices “normalisation”, the progresses in carbon free technologies implementation (nuclear electricity, intermittent renewables and their negative impact on grid balancing, storable renewables), the status of electricity consumption management, the storage solutions deployment and the green hydrogen reality.
In the second paragraph, we will ask ourselves what should be done to limit the rise in global temperatures: including technology deployment at scale, well fitted regulations adoption, company and citizens contributions, financing schemes improvements and disruptive technologies (including Generative Artificial Intelligence) impacts.
The last paragraph will be devoted to the energy sovereignty concerns in the current context including relationship between Western economies and countries like China and Russia and the Western policies to produce domestically critical equipment. We will end with a general conclusion.
Colette Lewiner
Energy & Utilities Expert
