Global Energy Demand to Grow 24%

30 Sep 2024 CW Team

Global energy demand is set to rise by 24% by 2050, with oil continuing to dominate the energy landscape, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC). Despite the global push for renewable energy and the growing emphasis on cleaner energy alternatives, oil is expected to remain a key player in meeting energy needs for decades.

OPEC’s projections underscore that, while renewables such as wind and solar power are experiencing rapid growth, fossil fuels, particularly oil, will continue to account for a significant portion of global energy consumption. By 2050, oil will still hold a substantial share, largely driven by sectors like transportation and industry, where alternatives to fossil fuels are not yet widely scalable.

Electricity demand is also expected to rise sharply, partly due to the global energy transition, as countries invest in renewable energy sources. However, fossil fuels will continue to play a vital role in meeting this growing demand.

OPEC’s forecast highlights the challenges of balancing the increasing need for energy with the global push for reducing carbon emissions. The report points out that despite significant progress in renewable energy development, traditional energy sources like oil, coal, and natural gas will remain critical to ensuring energy security, especially in developing regions.

As energy consumption continues to grow, the report suggests that strategic investments in both conventional and renewable energy sources will be crucial for a balanced global energy future. This outlook emphasizes the need for continued focus on energy efficiency, technological advancements, and policy frameworks to manage the complex energy mix of the future.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..