The Commission said that, after taking account of scientific advice and current technological progress, it considers there is a role for private investment in gas and nuclear activities in the transition.

The National Weather Service on Feb. 1 issued winter storm warnings stretching from the Great Lakes to New Mexico and West Texas and either winter weather advisories or watches for hundreds of miles north and south of the winter storm warning areas.

Nuclear power plants may also be affected by extreme natural events, such as earthquakes, tornados, volcanic activity, ice storms and flooding. In rare circumstances, these events can be extreme enough to exceed the design capacity of a nuclear power plant.

For six months now, the EC has been in possession of the scientific verdict that nuclear energy is a sustainable energy source that can make a significant contribution to mitigating climate change.

China currently implements a "dual control mechanism" under which provinces are given targets for total energy consumption and energy intensity, which is the amount of energy consumed for each unit of GDP growth.

To make lasting progress, carbon transition policy must be tailored to each country’s needs and dynamics while addressing the limitations of renewable energy like intermittency and lack of storage.

The transition, to be spread over 30 years, will hit Canada's economic growth as demand and prices for commodities fall, leading to less inflationary pressure and a need for more stimulative monetary policy, the Bank of Canada and the Office of the Superintendent of Financial Institutions said.

Saudi Arabia is on a journey to move away from an over-reliance on oil as the driver for economic growth, as part of its Vision 2030 initiative.

The country aims to instal 30 GW of offshore wind by 2030.

Saudi Arabia plans to generate 15109 gigawatt hours of electricity from renewable sources by 2024, supplying 692,557 houses with energy, the Kingdom's Gastat said on its website.