AGP Executive Report
Last update: 9 hours agoClimate Risk Watch: The UN’s weather agency says El Niño is set to intensify into a “very strong” event, with impacts on rainfall and temperature likely to run through to February and spill into 2027—raising the odds of floods, drought and extreme heat. AI & Power Demand: A UN-backed report warns tech firms’ climate pledges are lagging as AI and cloud growth drives rising emissions and energy use, even as some companies expand renewables. EV Shift in Australia: New VFACTS data shows battery-electric vehicles outsold petrol and diesel in August for the first time, with electrified cars now making up 53.9% of new sales. Battery Storage Deal: Amazon has signed its first standalone battery storage tolling agreement in APAC, backing Anza Power’s 50MW/200MWh Bairnsdale BESS in Victoria. Energy Security & Markets: Oil prices hover near $95 as US-Iran strikes threaten Gulf supply, while tanker traffic through the Strait of Hormuz reportedly declines.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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