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International Dynamic Research (July 2024)
(Source: Zhongneng Media Research Institute Author: Yang Yongming)
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This Monday (July 22Escort) is the hottest day in the world since it has been recorded. The global uniform surface temperature rose to 17.15 degrees. There are huge waves in american, Russia, Europe and other places. And just a day ago, Sunday (July 21), this record was just broken. Under the extreme weather, networks around the world are under great pressure. It is worth mentioning that the extremely high temperature has led to an increase in the electricity price in many places in the electricity market in the hour. It is expected that the frequency of negative electricity prices in many power markets will increase significantly throughout 2024.
In early July, affected by the sudden outbreak of ground political risks and the sharp drop in commercial crude oil in american, international oil prices once shook down, but after the mid-July, international oil prices showed a downward volatility and fell weekly in late July. Under the influence of positive and negative reasons, the international oil price in 2024 may continue to fluctuate slightly in 2023, and enter the period of vibration fluctuation.
In mid-July, the International Power Agency issued the “Natural Economy Market Report (third quarter of 2024)” pointing out that in the first half of this year, the natural Economy market achieved a more obvious growth, with global natural Economy demand increasing by 3% year-on-year, higher than the 2% average growth rate between 2010 and 2020. It is expected that the growth of natural gas demand in the second half of the year will increase by 2.5% year-on-year, and is significantly promoted in the Asian market, which is growing rapidly.
On July 9, President Biden of american formally signed the “Accelerating the Arrangement of Multi-Efficiency Advanced Nuclear Energy Promotion and Clearance Power Act”, using the leadership of the Chinese american in the nuclear power field to accelerate the development of advanced nuclear technology, improve supervision and strengthen national security. This is another special decree that american has issued to stimulate the development of nuclear energy after the Nuclear Energy Innovation and Modernization Act in 2019, which has the main meaning of the development of american nuclear energy.
Recently, Oriental Petroleum and Berkshire HassawiSugar daddy announced the establishment of a joint-stock enterprise to cooperate with testing and arrangements for the extraction of dirt from ground-based hot salt water. In addition, many international oil companies have also turned their attention to the development and extraction business of steel mining. International Petroleum Corporation Coded InvestmentThe assets are undoubtedly injecting strong vitality and energy into the steel industry. With the continuous rise of oil, especially the profound participation of huge capital, the format of the steel industry is expected to undergo serious changes.
High temperature continues to bring pressure to the global power system
Recently, extreme weather and climate events such as high temperature, heavy rainfall, floods, and drought have been frequently launched, bringing serious impacts to many countries and regions. The world’s atmosphere organization shows that in the past few decades, the frequency and intensity of extreme weather events have increased.
In the southern hemisphere, extreme weather such as drought has caused difficulties to many countries. Ecuador is affected by drought and old power facilities, and continues to suffer from power crisis. On June 19, a national large-scale power outage occurred in Ecuador, and the Internet collapsed completely, affecting about 18 million people. Gapia has also suffered the most severe drought in several decades recently, causing a significant drop in power generation at the hydropower stations in the country. About 85% of the electricity supply in gabytes is subject to hydraulic power generation, and this high dependence often leads to a lack of electricity supply during drought. This year, the drought caused by Earl is the worst in 40 years, and has caused electricity to be shut down in Gregor for up to 12 hours a day. The “Global Power Market Update New Data Report: 2023-2024 Views” released by the International Power Agency shows that the global annual hydropower capacity coefficient has dropped from an average of 38% from 1990-2016 to an average of 36% from 2020-2022, which means that the global hydropower outputs about 240 terawatts of energy per year.
In the northern hemisphere, just before summer began, many Sugar daddy countries in Southeast Asia had encountered the previous example of hot waves invading the suitcase slipped over the blue tiles, leaving two traces of water. . In this Sugar daddy, the temperature in many places in India exceeded 45 degrees Celsius in several days, and the local area even reached 50 degrees Celsius. EU Climate Supervision “Sister, Sugar daddy wipe the clothes first.” The testing agency recently issued a notice that as of June this year, the global average temperature has been more than the industrialization period for 12 months (1850-1900) exceeds 1.5 degrees Celsius. In June this year, the global average surface temperature was 16.66 degrees Celsius, the hottest June since it was recorded. Based on preliminary observations by the European climate monitoring agency, this Monday (July 22) was the hottest day since the world was recorded. The global uniform surface temperature rose to 17.15 degrees. There are huge waves in american, Russia, Europe and other places. And just a day ago, Sunday (July 21), this record was just broken. Under the extreme weather, networks around the world are under great pressure. On June 24, due to the continuous high temperature weather, Egypt extended the final plan to close the entire country to June 30, and the daily shutdown time increased from 2 hours to 3 hours. On July 8, the current electricity price in Tokyo rose to 21.9 yen per kilowatt, the highest level since February 2023. As the temperature is far higher than the same period in history, the electricity consumption of japan (Japan) has increased rapidly recently, and the department’s electric power generation unit has undergone external inspections. Tokyo Electric Power Supply and Demand are extremely tight. The Internet company issued a statement reminding consumers to improve their power efficiency to reduce the risk of power shutdown. On July 9, Bellier landed in american Texas, with more than 2.5 million households and businesses falling to power supply. The large-scale power shutdown occurred in Houston and southern Texas near the mid-storm. However, the local utility company CenterPoint Energy failed to complete the post-disaster repair of the power-based facility, resulting in a large-scale power outage lasting for more than two weeks.
The International Power Agency recently released the report “Power Mid-Year Updates: July 2024” pointed out that in the first half of 2024, many regions were fighting strong heat, which increased power demand and brought pressure to the Internet. May 2024 is the “hottest May” since global records. India, Mexico, Pakistan, american, Vietnam and many other countries have seen a surge in peak load due to increased temperature drop demand. As more and more families start buying air conditioners, the impact will increase significantly. Implementing higher air conditioning effectiveness standards will have a major impact on power systems on the increase in temperature reduction requirements.
The International Power Agency analyzed the trends of global power demand, power supply and carbon dioxide emissions based on the latest data, and pointed out that due to the economic and robust operation in many regions, the continued promotion of the electricization process and the hot waves, power demand continued to grow strongly in the first half of 2024. In 2024 and 2025, global power demand is expected to grow at a rate of 4%, reaching the fastest rate since 2007 (201Except for the sharp rebound after the global financial crisis in 00 years and after the collapse of demand caused by the COVID-19 pandemic in 2021). This growth is driven by strong aeronautical power demand in multiple regions and countries, especially China, India and american.
In detail, China’s power demand in 2024 is expected to be “other people’s children”. The child curled his lips and turned around and ran away. It is expected to grow by 6.5%, and will grow by 6.2% in 2025, similar to the degree of uniformity from 2016 to 2019. It is expected that power consumption in 2024 and 2025 will be promoted by the lush demand of service industries and various industrial departments. The continuous expansion of 5G networks and data, and the strong popularity of electric vehicles in the domestic market are also the reasons for the growth of demand. India’s electricity demand is expected to grow by 8% in 2024, comparable to the growth rate in 2023. This is due to the increased temperature reduction demand caused by strong GDP growth and long-term and strong heat waves. In the first half of 2024, China tried its best to create hot waves in the continuous time record, with peak load reaching a new high, bringing unusual pressure to the power system. Assuming that weather conditions have returned to TC:
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