By Shubhendra Anand, 14 August, 2024

Carbon Capture in Asia-Pacific Insight

Carbon storage or carbon sequestration process is a new phenomenon developed by nations to enhance clean energy transition. This process incorporates capturing carbon emissions from different sources in the environment. Hence, environmental carbon capture can efficiently reduce the emissions rate from transportation, industries, and others to tackle climate change conditions. Research on carbon storage shows that Asia-Pacific is the emerging region in carbon capture and storage in 2024. Carbon storage is an effective way to mitigate climate change. Therefore, several nations in the Asia-Pacific region are moving fast with carbon capture method in 2024.

According to the survey conducted in 2024,…

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By Shubhendra Anand, 13 August, 2024

Artificial intelligence influences the demand for renewable energy sources in 2024

Renewables demand is increasing daily due to the transition to clean energy. Researchers claim that the surge in artificial intelligence gives new space for the growth of mergers and acquisitions (M&A) in the clean energy domain. The survey in the clean energy sector claims that the growth of artificial intelligence will increase the demand for renewables in 2024.

In the era of artificial intelligence, there is a growing affinity towards renewable energy sources. This is due to the need for huge power backups to support data centers in functioning with the help of artificial intelligence. The functioning of artificial intelligence requires a large amount of…

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By Shubhendra Anand, 12 August, 2024

Renewable energy expansion is growing at a rapid rate in 2024. This is due to the increasing affinity of the energy market with renewable sources in the light of green energy transformation. Wind and solar energy sources are among the most widely produced renewables in the energy market of 2024. It is due to the wide availability of solar and wind energies. China surpasses other nations in shaping its solar and wind energy status globally. China set up its standard high with the wide range of production of solar panels in the world. Similarly, wind energy will contribute to the production of electricity in 2024. However, wind energy faces challenges in nations other than China due to constricted onshore wind markets in 2024.

According to…

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By Shubhendra Anand, 09 August, 2024

The clean energy transition is gaining momentum in the energy market globally. The compelling cause of the transition is climatic change due to the harmful emissions from different sources. Therefore, it is vital to incorporate renewables in the production of energy. Nations worldwide are tactfully utilizing renewables to get better, greener outcomes. To be precise, the energy market is currently overwhelming with renewables. Developed countries like the United States are in the race for clean energy transition at a faster pace. However, experts cite that the next new government in the United States may affect this transformation financially. Regarding market trends, the transition to renewables requires heavy funding, and it is expected to…

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By Shubhendra Anand, 08 August, 2024

In the changing era of clean energy, nations are taking many initiatives globally. The steps taken to support clean energy transition would result in positive results for climatic changes. Semiconductors are a part of the clean energy revolution by playing a pivotal role in the electronics' mechanism. Experts believe that semiconductors play a significant role in transforming clean energy by empowering renewables. Studies have proven that the semiconductors market will grow by 14 percent annually in 2024. Semiconductor's market is expected to experience a strong rebound in 2024.

Enabling renewables for green energy transformation would help enhance the microchips in electronics. However, semiconductor manufacturing has its demerits as it…

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By Shubhendra Anand, 07 August, 2024

Data centers will be gradually shaping their position in the industry in 2024. This is due to the increasing use of cloud storage on large scales. Banking, information technology (IT) industries, and other companies rely heavily on cloud storage. Hence, establishing an increasing number of data centers in the market is necessary. Nvidia is the leading company in the advanced chips production sector. Based on a survey, Nvidia performs promisingly in the first quarter of 2024. This survey shows that the company gained around USD 22 billion between November 2023 and January 2024. Hence, analysts project Nvidia's performance to have outperformed the market's expectations in 2024.

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By Shubhendra Anand, 05 August, 2024

Electric vehicles are a game changer for the clean energy transition. Electric vehicles (EVs) are the significant ones in reducing the emissions from the transportation sector. Therefore, the growing affinity towards electric vehicles in developed and emerging nations is a big deal. While China's EV production grows daily, EV sales are dropping in Western countries. Hence, the global downturn in electric vehicle sales is a concern in 2024. The energy market anticipates the reduction of carbon emissions compared to conventional vehicles by opting for electric vehicles. To achieve clean energy ambitions by 2050, transportation must contribute toward it with electrification by 70 percent in the next fifteen years. However, the global economic…

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By Shubhendra Anand, 01 August, 2024

Globally, countries are ramping up the production of renewable energy in 2024. Nations worldwide aim to achieve net zero emissions by the end of 2050. Therefore, nations are shifting from conventional energy markets to renewable energy markets in 2024 on a competitive landscape. Western developed countries are making several changes in the energy markets to cope with the transformation process. Similarly, the Middle East region is progressing in the renewable energy market in 2024.

According to the survey, the renewable energy market in the Middle East region is expected to overcome conventional fuels in 2024. The production of renewables drives the energy market in light of the clean energy transition. Hence, fossil fuel usage in the…

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By Shubhendra Anand, 31 July, 2024

Electric vehicles are gaining momentum in 2024 due to the clean energy transition worldwide. Due to this transition, the energy market is experiencing new transformations at the industrial level. Adopting electric vehicles is one of the significant changes the automotive industry faces. Chinese electric vehicle production will grow at a faster rate in 2024. However, the United States ranks itself in a reputed position regarding the adoption rate of electric vehicles. Switching to different kinds of cars is technically and financially challenging for consumers. Industrial expectations are for electric vehicles to be on the road up to 80 percent by the end of 2025. Therefore, surveys found the acceptance rate of consumers regarding electric…

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By Shubhendra Anand, 26 July, 2024

Artificial intelligence is reigning over every sector of the economy in the era of technology. It has set up its era rather than being a part of technology only. Recent developments in artificial intelligence make it very important from the perspective of clean energy transition. One part of the advancement deals with the advent of artificial intelligence while the other part shows its run towards greener environmental transformation. These phenomena have a different impact on the world economy. Artificial intelligence will deal with a lot of advancements in the field of technology in 2024. However, experts raise whether artificial intelligence supports clean energy transition or distracts it regarding materials used.

It is to be noted…

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By Shubhendra Anand, 26 July, 2024

The clean energy transition is gaining momentum due to nations' active interest in climate change issues. In 2024, significant breakthroughs in the green energy transformation research and development sector are commendable. Transition in the transportation and energy sector will gradually create compelling results in 2024. In light of the green energy transformation, hydrogen trust will surpass renewable energy development in 2024.

According to a recent survey on hydrogen trust, the investment in hydrogen trust focuses on funds for clean hydrogen generation. It is to be noted that investment in hydrogen has a strong hold over the funds market. Data reported that Hydrogen Trust's annual growth has been 3.6 percent since 2023. Since 2024…

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By Shubhendra Anand, 25 July, 2024

The growing concerns over climate change in 2024 are increasing the demand for rechargeable batteries. There has been a surge in lithium-ion batteries since the beginning of 2024. Several studies have developed a substitute for lithium-ion batteries to meet the growing market expectations for 2024. Hence, China's battery production surged in 2024. However, China decided to lower the battery production in 2024 due to the overcapacity of batteries in the market.

According to a survey in 2024, China's battery market surpasses the global demand, which can lead to an oversupply of batteries in the market. Hence, Chinese authorities have decided to put a full stop to battery production in 2024. Chinese authorities have drawn specific guidelines…

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By Shubhendra Anand, 25 July, 2024

The renewable energy industry is gaining momentum due to the transition of clean energy worldwide. The nations globally aim to achieve net zero emissions by the end of 2050. In the United States, the targets of clean energy transition are to be completed by 2035. Hence, global green energy is rapidly moving day by day. The energy market will witness more investment in renewables in 2024. Large companies like Amazon are setting themselves up as one of the most prominent investors in renewables. Amazon has invested in solar and wind energy for the past four years to support green energy transformation. Studies have proven that Amazon will be the most significant corporate investor in renewable energy for the fourth time in 2024

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By Shubhendra Anand, 23 July, 2024

There is a growing demand for smartphones in the era of artificial intelligence. The technology-driven market prioritizes smartphones and personal computers (PCs) over tablets. It is due to consumers' convenience to reach out to smaller or larger versions, skipping the middle version devices. However, tablets have been a dispensable part of remote work culture in the past two to three years. The survey notes that tablet sales have declined in the market in a decade in 2024. It shows that tablet shipments worldwide have dropped to 128.5 million by 2023. However, the first quarter of 2024 shows signs of improvement with a 0.5 percent year-on-year growth percentage.

According to the survey on tablet shipment, the market suffered a sharp…

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