These projects total 167 gigawatts of new generation capacity. The total monetary value is estimated to be $33 billion. That is assuming they get built.

Ministers "put green hydrogen and low carbon hydrogen at center stage and everybody has agreed to it . . . the consensus among all the ministers was that this has formed the basis of the next COP," said the meeting's Chair and India's Power and New and Renewable Energy Minister, RK Singh.

This will boost UK energy security, reduce dependence on volatile fossil fuel imports, create more affordable power and grow the economy, with the nuclear industry estimated to generate around £6 billion for the UK economy.

While that trails California’s 52%, Texas is a bigger market. It’s already No. 1 in wind, making it the largest clean energy market in the US.

BNEF estimates that the global annual green investments would need to almost triple to $6.9 trillion by 2030 to have any hope of getting to net zero by 2050.

By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).

China had also previously offered a subsidy for EV purchases for more than a decade but the programme ended last year.

The Texas power grid will be severely tested over the remainder of June as the summer’s first significant heat ridge sets up across the state.

Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023.

“Climate change has been implicated in worsening wildfires across North America,” Kristina Dahl, principal climate scientist with the Union of Concerned Scientists’ climate and energy program,