These activities in the short-term will be followed by the growth and diversification of the sector from 2025 to 2030. Thereafter, through rapid expansion until 2050, Canada will start to realize the full benefits of the hydrogen strategy.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

Brent was up 29 cents, or 0.4%, at $74.28 a barrel, WTI gained 32 cents, or 0.4%, to $72.44 and hit $72.83.

They will focus on accelerating progress on electrification and batteries, hydrogen, carbon capture, usage and storage, zero-emission aviation and shipping, "and for those countries that opt to use it", nuclear power.

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.

National regulators should collaborate through bilateral and multinational agreements on design and safety reviews, share technical reviews, establish common positions on safety criteria, and make appropriate use of existing reference SMR design reviews to streamline SMR licensing processes.

It is essential that the roles for nuclear energy are set out and assessed clearly, with the acknowledgement that they will not be adopted unless they are part of an optimised solution. It is also essential that similarly objective assessment mechanisms are applied to all decarbonisation options.

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.

According to a review by the SUN DAY Campaign of data recently released by the Federal Energy Regulatory Commission (FERC), wind and solar resources provided nearly all (93.84%) of the new electrical generating capacity added in the U.S. during the first four months of 2021 .