Top energy news: Global renewable energy capacity up 10%; World carbon allowance sales at record high; German gas shortages loom this winter.

McKinsey: Nuclear power can be an important part of the energy transition. Scaling the industry to meet increasing electricity demand will require leaders to mobilize quickly and efficiently.

Renewable Capacity Statistics 2023, released by the International Renewable Energy Agency (IRENA) shows that renewable energy continues to grow at record levels despite global uncertainties, confirming the downward trend of fossil fueled power generation.

The EU unveils plans to boost its shift to green energy. East Asia is on track to remain the world's top wind power production region. And more energy stories from around the world.

On March 7, 2023 the draft of the European Commission’s Market Design proposal started being circulated. It highlights amendments to the electricity market and renewable energy sources framework that are aimed at improving resilience to energy price shocks and competitiveness of businesses and industry, and securing social welfare through affordable electricity.