Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.

Several factors are fuelling this price surge in energy commodities – primary among them is energy demand having rebounded as economies get back to business and consumers return to pre-pandemic levels of economic activity.

The most immediate goal of the plan is to push the energy sector to reach at least 80% clean energy output by 2030.

This scenario also sees an accelerating pace of change in the power sector, sufficient to realise a gradual decline in the sector’s emissions even as global electricity demand nearly doubles to 2050.

Japan pledged to achieve net-zero emissions by 2050.

Market participants said that while Chinese demand is lifting coal prices, the downside risk is limited given suppressed demand from India -- the world's third-largest coal consumer.

Natural gas and coal prices in Europe and Asia just hit their highest levels on record, oil prices in America hit a seven-year high and U.S. gasoline prices are up $1 a gallon from last year.

In a statement after the meeting, Ukrainian President Volodymyr Zelenskyy, EU Council President Charles Michel and European Commission President Ursula von der Leyen reaffirmed their “continued commitment to strengthening the political association and economic integration of Ukraine with the European Union.”

Global energy consumption will increase nearly 50% over the next 30 years.

Заместитель Министра обсудил с послом актуальные вопросы двустороннего взаимодействия России и ОАЭ по линии энергетики.