Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.

"The nuclear sector in the USA enjoys a robust track record in terms of annual operations, as measured by reliability, safety and zero-carbon generation," he said.

Petronas is pushing for the increased use of natural gas as a cleaner source of fuel while building capabilities in renewable energy for the security and sustainability of its supply,

From small wind, micro hydro, tidal, geothermal, biomass, and even hydrogen fuel cell technology, any of these combinations contain the keys to unlocking a hybrid solution that will overcome the dependence we have on fossil fuels.

The report projects that in the coming decades climate changes will increase in all regions. For 1.5°C of global warming, there will be increasing heat waves, longer warm seasons and shorter cold seasons. At 2°C of global warming, heat extremes would more often reach critical tolerance thresholds for agriculture and health, the report shows.

A booming, UK-wide hydrogen economy could be worth £900 million and create over 9,000 high-quality jobs by 2030, potentially rising to 100,000 jobs and worth up to £13 billion by 2050.

The new net zero emissions target was at least a decade earlier than the 2070 target, President Joko Widodo said in March.

The European Parliament (EP) has approved the €30bn upgraded Connecting Europe Facility (CEF) programme for 2021 to 2027, with 60% for projects that help achieve the EU’s climate objectives and 15% of energy pillar funds for cross-border renewable energy projects.

According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.

In April 2021, the country pledged to cut greenhouse gas (GHG) emissions in 2030 by 36% compared to 2005 levels, according to Canada’s budget for the fiscal year ending in March 2022.