2025 will be crucial for addressing climate change, ensuring energy stability, and promoting sustainable economic growth
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This article is a part of the essay series “Budapest Edit”
Energy transition is a long-term goal, and balancing energy security with energy transition goals requires addressing both short-term and long-term needs. Oil and natural gas will continue to play a crucial role in the global energy structure in the coming decades, and the coordinated development of oil and gas with renewable energy will become a stable transformation path in the foreseeable future.
2025 will be crucial for addressing climate change, ensuring energy stability, and promoting sustainable economic growth. However, geopolitical tensions, the rise of trade protectionism, and demand fluctuations brought about by economic recovery will make the supply and demand pattern of the global oil and gas market more complex in 2025. Adjusting oil and gas production and consumption patterns will become a key factor in the global energy market. With the increasing global demand for sustainable development, traditional energy sectors such as oil and gas must accelerate their green transformation and find integration points with renewable energy to achieve sustainable development goals.
Promoting the rapid application of CCUS technology will inject a strong impetus into the green and low-carbon transformation of the global energy industry.
Energy-consuming countries are actively leading the global energy transformation, achieving significant achievements in new energy fields such as photovoltaics, wind power, nuclear energy, and batteries, and are committed to promoting zero carbonisation and cleanliness of the energy system. Accelerating the industrial application of CCUS technology is also a key path for the energy industry to achieve low-carbon goals, especially in high-carbon emission industries such as coal, steel, and cement, where CCUS technology will play an important role. Promoting the rapid application of CCUS technology will inject a strong impetus into the green and low-carbon transformation of the global energy industry. As we approach 2025, aligning energy policies across nations and fostering the development of green technologies will be central to driving the global energy transformation.
Tian Huifang is a Senior Research Fellow at the Institute of World Economics and Politics within the Chinese Academy of Social Sciences (CASS).
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Tian Huifang is a Senior Research Fellow at the Institute of World Economics and Politics within the Chinese Academy of Social Sciences (CASS). She has ...
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