Japan's package of actions, dubbed the Asia Energy Transition Initiative (AETI) and set to include a wide range of support measures for energy transition in ASEAN countries, was welcomed by ASEAN energy ministers, according to a joint statement issued following the meeting.

Aramco and an international investor consortium, including EIG and Mubadala, today announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.

Aramco President & CEO, Amin H. Nasser, said: “We are very pleased with the global investment community’s response to Aramco’s first international dollar Sukuk, which attracted demand 20 times the initial targeted issuance size.

Nuclear power of course is the only carbon-free energy source we have that can deliver power day and night, throughout every season, almost anywhere on Earth. And it's been proven to work at a large scale.

Russian company Technopromexport pledged to invest €12bn (US$14.6bn) in the project.

By the end of the 2020s, annual capital spending on clean energy in these economies needs to expand by more than seven times, to above USD 1 trillion, in order to put the world on track to reach net-zero emissions by 2050.

Oil & Gas (O&G) companies in fact increased their overall investment into various forms of clean energy by over 30%

The measures starting 2022 were needed to deliver on a new 2030 climate law draft

In 2021, annual global energy investment is set to rise to USD 1.9 trillion, rebounding nearly 10% from 2020 and bringing the total volume of investment back towards pre-crisis levels. However, the composition has shifted towards power and end-use sectors – and away from traditional fuel production.

North Macedonia has unveiled an €8.2bn investment plan for the 2021-2027 period, including €3.1bn for the energy sector.