Entries tagged with “france”
Articles
10 articles found for france:
- Virtual Power Plants: The Way Forward
Growth of distributed energy sources (renewable energy) and fluctuations in demand for electricity has led to the development of Virtual Power Plant (VPP) systems. A VPP is a cloud-based system that uses software and algorithms to integrate and manage distributed energy resources. Currently, most VPPs are being established in developed countries such as the US, the UK, Germany, and France. Over the past year or so, VPP’s growth has been fueled by COVID-19 and Russia’s invasion of Ukraine.
- Security of Natural Gas Supply (Europe)
Prices of gas and electricity increased substantially across Europe in 2021–22 and are expected to rise further in 2022–23, as Russia began limiting gas supply to the region in response to the sanctions imposed. However, individual countries have taken several initiatives such as expanding storage capacity and coal and oil generation to reduce dependency on gas; reducing industrial, residential, and commercial demand; increasing imports from other countries; and investing in new infrastructure that would help secure supply and ultimately lead to stability in prices.
- Evolution of AI in Modern Military Warfare
Artificial intelligence (AI) has recently been making significant strides in various fields including military operations. The integration of this emerging technology with modern warfare could revolutionize how armed forces operate, enhance decision-making processes, and provide tactical advantages. This has led to niche investments and a surge in innovations in this industry.
- Mini-grids: Bridging the Gap in Electricity Access
More than a billion people across the world do not have access to electricity; this includes Africa, where a major share of the population lives without electricity. To increase electrification and link remote locations, more and more countries are looking to install mini-grids. Asia and Africa are recording higher growth in installation of mini-grids, and it is expected that by 2030, mini-grids will provide electricity to more than 500 million people globally.
- Sugar Alternatives – The Sweet Success Story
Sugar alternatives are an emerging ingredient category gaining popularity due to the consumer shift toward health and fitness. Various factors drive its growth, with certain regions recording higher demand than others. With various options available, the sugar alternative industry is poised to grow as it is an exciting sector with unexplored opportunities and potential.
- Impact of Biosimilars on Treatment Landscape in US and EU
Rising healthcare costs vis-à-vis the expanding population and lifestyle-related diseases are some of the key areas of concern across the globe. Governments and the healthcare industry, in particular, have been exploring avenues to address these challenges while offering affordable healthcare services. Digital health users opted for online prescriptions and virtual consulting during the pandemic for faster transformation of the health care delivery. However, advances such as development of biosimilars are a key step toward addressing the concerns of the escalating cost of healthcare and patients' access to critical medicines.
- Industrial Bio-Oils Take Center Stage in Sustainable Shift from Synthetic Oils
Organizational time-bound sustainability targets and attempt to build resilience by finding ways to minimize the impact of market/price volatility have been pushing companies to realign their business practices. It is time for chemicals, paints & coatings, CPG, and packaging companies to revisit their raw material sourcing spectrum by considering sustainable alternates - Industrial bio-oils! Global companies across industries have been actively transitioning from synthetic oils to bio-oils considering their performance is superior or comparable at the minimum. In lieu of the growing demand, the supply is poised to grow robustly with rising investments from prominent suppliers. Therefore, to drive sustainability across the sourcing value chain, it is imperative for procurement heads to leverage the expanding supply and gain a competitive position in the market.
- Shifting Tides: The Silent Rise of De-Dollarization
The US dollar has been the world's dominant reserve currency for decades, with countries around the globe holding large amounts of it to facilitate international trade and investments. However, the trend toward de-dollarization has been growing recently, as countries seek to curtail their dependence on the US dollar and diversify their reserve holdings. Will the dollar be replaced as the global currency?
- IFRS 17: A Move Toward Standardized Insurance Reporting
After years of intensive discussions and overcoming major concerns of the insurance industry, the International Accounting Standards Board (IASB) issued its new insurance contracts standard IFRS 17 (formerly known as IFRS 4 Phase II), effective for annual periods beginning on or after January 1, 2023. Insurance companies using IFRS standards started reporting as per the new standards in 1H23 and 9M23 with one year restated comparative information. Around 450 insurers are listed under IFRS, with an asset base of USD 13 trillion.
- The Future of Internal Combustion Engine
In 2021, the worldwide internal combustion engine (ICE) market was approximately worth USD 58,514.15 billion and is predicted to reach USD 93,615.18 billion by 2029, growing at a CAGR of 6.05% between 2022 and 2029 showing tremendous growth. It is likely to expand further as demand for passenger and commercial vehicles rise in both established and emerging markets. Electric powertrains are increasingly coupled with ICE to enhance vehicle fuel efficiency, which is driving industry development. The demand for ICE is growing exponentially in industries such as agriculture, construction, mining, and power generation. The global lack of EV infrastructure availability is partly responsible for the ICE market's growth.
Special Reports
1 special reports found for france:
- Changing Energy Dynamics Amid Russia-Ukraine Conflict
In line with the Paris Agreement, countries across the globe have implemented net-zero emission (NZE) initiatives to decarbonize electricity generation by 2050. However, the conflict between Russia and Ukraine has put pressure on countries to reuse various energy sources to meet the energy requirement. In this scenario, the green power transition hinges on surge in usage of coal and acceptance of nuclear as the future source for energy generation. Moreover, solar energy is anticipated to benefit significantly from the Russia–Ukraine war as several developed nations have increased solar installations by quickly approving these projects. However, we see an immediate risk related to the installation of solar modules due to increase in photovoltaic prices and imposition of tariffs.