• Country

        Hungary

        Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.

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        • Country

        Singapore

        Singapore is the region’s second-largest gas importer. The country is expanding its existing LNG importing facility and is seeking to become a major LNG trading hub. Singapore’s relatively small import needs raise questions about how quickly the hub would reach sufficient liquidity to operate efficiently, but it is nonetheless well placed to bring Asian LNG buyers and sellers together and has taken a major step forward with the creation of an LNG price index: the “SLiNG”.
        Singapore has made important moves towards liberalising its gas market, providing the basis for more competitive price setting. These moves include…

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        • Country

        Chile

        …has a single interconnected national electricity system.
        This frontrunner role is underlined by the governments pledge to net-zero by 2050, which includes closing two thirds of coal plants by 2025. This goal is supported by a Just Transition Strategy, currently being developed by the government. It also includes, for the first time, a focus on green hydrogen and electric mobility, in line with the respective National Hydrogen Strategy (2020) and the Electromobility Strategy (2022). The former aims for 5 GW of electrolysis capacity by 2025, while the latter lays out a goal of 100% electric vehicle sales by 2035.

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        • Country

        New Zealand

        New Zealand has a diversified energy mix, with significant production of both hydropower and geothermal. As the country embarks on an ambitious energy transition, it has many natural advantages, including a strong renewable resource base. New Zealand already has a low-emissions electricity system, with over 80% of electricity coming from renewable sources. The key challenge will be to decarbonise other end-use sectors through clean power and support investments in new technologies to achieve deeper emissions cuts across all sectors. Notably, the transport sector accounts for the highest share of emissions and is almost entirely dependent on oil while…

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        • Country

        Portugal

        …supporting decarbonisation through a wide variety of measures, such as, coal-fired generation was phased out in 2021. Portugal is further developing its large hydropower fleet, including additional capacity of pumped hydro storage. Portugal is an international leader for integration of wind generation, and auctions are driving rapid deployment of PV and battery storage. Portugal is pushing for better electricity interconnections with the rest of Europe. Portugal’s National Energy and Climate Plan sets 2030 targets for emissions reductions, energy efficiency and renewable energy that aim to put the country a path to achieving cost effective carbon neutrality by 2050.

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        • Country

        South Africa

        Coal is the mainstay of the South African energy system, meeting around 70% of installed power generation capacity. The 2019 Integrated Resource Plan however sets out a long-term diversification of the power mix by 2030 and moves towards lightening the carbon footprint of the energy sector while meeting growing energy demand and ensuring a socio-economically just transition. While the options to diversify the country's electricity mix appear diverse, the affordability of electricity supply looms as a key concern and a potential constraint on diversification. The structure of consumption and of spending on electricity is skewed towards higher…

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        • Country

        Japan

        …safety. Achieving the aim of carbon-neutrality by 2050 will require substantially accelerating the deployment of low-carbon technologies by 2030, to address regulatory and institutional barriers and further enhance competition in energy markets. It will also be important to develop different decarbonisation scenarios and to prepare for the possibility that certain low-carbon technologies, such as nuclear, might not expand as quickly as hoped. Stronger reliance on market-based instruments, such as carbon pricing, could be one policy option for Japan to cost-effectively reduce emissions, foster innovation and further increase the country’s high level of energy efficiency.

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        • Country

        Greece

        Greece is making progress on its energy transition, including implementing reforms to standardise and simplify licensing procedures for renewable projects and investigating options for offshore wind. Coal fired generation, once the main source of electricity, will be phased out by 2028 at the latest and EUR 5 billion has been committed to assist impacted communities. Auctions are driving strong deployment of solar PV, onshore wind and battery storage. There are also projects for interconnections and renewables to decarbonise electricity on Greek islands. However, more effort is needed boost electrification and improve efficiency in transport and buildings.

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        • Country

        Brazil

        …output from mature fields elsewhere. Thanks to such successful developments in deep-water production, Brazil turned into a net oil exporter in 2017. As a result, total oil supply is expected to grow by 1.2 mb/d to 4.2 mb/d in 2026, according to IEA forecasts.
        At COP26 where Brazil announced a long-term objective to reach net-zero emissions by 2050 and a 50% carbon emissions reduction plan coupled with a zero illegal deforestation target by 2030. This is supported by an announced 2030 climate action plan and a hydrogen national strategy which is being developed.

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        • Country

        Estonia

        Estonia has achieved a notable reduction in greenhouse gas emissions thanks mainly to lowering its reliance on electricity generation from domestic oil shale, an energy rich sedimentary rock. However, oil shale remains the main energy source and imported fossil fuels still plan a major role, especially in transport. Estonia’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. Estonia is aiming to accelerate its clean energy transition with a target to cover 100% of annual electricity demand with renewables by 2030 as part of a larger package to achieve climate neutrality by 2050. It…

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