How is Australia’s energy transition really going?
The 2026 Statistical Review of World Energy, released in July, revealed that: Oil consumption hit a record high. Natural gas consumption hit a record high. Coal consumption hit a record high. Fossil fuels accounted for 86% of total energy supplied. Carbon emissions from the consumption of fossil fuels hit a record high. Last week, the The post How is Australia’s energy transition really going?…
Australia's energy transition appears to be facing challenges. According to the 2026 Statistical Review of World Energy, fossil fuel consumption reached record highs globally, with oil, natural gas, and coal consumption all peaking. Fossil fuels accounted for 86% of total energy supplied, and carbon emissions from fossil fuel consumption also hit a record high, as reported by MacroBusiness.
The global energy landscape is reflected in Australia, where a company called Sunrise Energy Metals is planning a significant change. The Melbourne-based firm plans to relocate its parent company to the United States and seek a primary listing on Nasdaq. This move is accompanied by a conditional commitment of up to $400 million from the U.S. Department of War for its Syerston Scandium Project in New South Wales.
The Syerston Scandium Project has obtained key permits and aims to start production in the first half of 2028, with a planned output of about 60 metric tons of scandium oxide per year. Scandium is considered a critical mineral, particularly for Western defense and technology sectors. According to Investing.com, the relocation of Sunrise Energy Metals is not expected to impact its business, assets, operations, or projects.
Brief written by urgent.news from MacroBusiness, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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