The package would come to around 13 trillion yen ($120 billion), but that would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included.

Al Mazrouei led a UAE economic delegation comprised of government and private sectors' officials in a two-day visit to Sudan where they explored paths of cementing bilateral relations in areas of trade, investment, energy, mining, electricity, infrastructure and agriculture.

With oil and gas as core of the cooperation between the two countries, China is currently eyeing new opportunities to join Qatar's upstream and downstream LNG industry in addition to plans of increasing its LNG imports from Qatar, while Chinese companies are tapping Qatar Petroleum (QP) to enter China's upstream energy industry and gain access to a 1.4 billion people market, China's Ambassador to Qatar, Zhou Jian, said at a press conference at his residence

“We don’t have a moment to waste any more on fighting climate change,” von der Leyen told the assembly shortly before the vote in a speech delivered in English, French and German. “It will need massive investment.”

German chemical giant BASF has begun construction of its $10-billion integrated petrochemicals project in China’s southern province of Guangdong,

According to the Environmental and Energy Study Institute (EESI), it is much more expensive to rebuild homes than to initially build them right.

Next year, the EU has committed to finance projects worth 168.7 billion euros ($186.8 billion), of which 21% will go to measures to fight climate change.

The auctions, to be aimed at paring back India’s coal imports, are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

The total investment for the two new units will reach 39.45 billion yuan ($5.64 billion), and they are scheduled to go into operation in 2025 and 2026.

Brent was down 43 cents at $61.85 a barrel , WTI slipped 22 cents to $56.55 a barrel.