Rosatom CEO Alexey Likhachev stated that Armenia might require a high or medium capacity nuclear plant in the coming years to address a potential energy shortage. He suggested that the demand for electricity in Armenia is growing, potentially leading to a deficit of up to 1 GW in the coming decades, necessitating the construction of one or two new nuclear units.
A CREA report states China's inflexible grid management, reliant on coal, is wasting wind and solar energy. This hinders clean energy expansion and increases reliance on fossil fuels, despite efforts towards energy security.
A CREA report states China's grid management, favoring coal, is wasting wind and solar energy. This inflexibility hinders clean energy expansion, leaving China more exposed to energy security issues like the Strait of Hormuz crisis.
The OECD forecasts that a prolonged Middle East conflict, particularly involving Iran, could reduce global GDP growth to 2.1% in 2026, trigger energy shortages, and impact AI investment. Emerging economies are expected to be hit hardest.
