"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."

Germany will look into all options in response to the likely decrease or stop in Russian fossil fuel deliveries to Germany, including a longer run-time of nuclear and coal-fired power plants, even if those options are unlikely.

Europe's top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Peter Szijjarto, Hungarian Minister of Foreign Affairs and Trade, reviewed means of strengthening bilateral relations and growing cooperation, particularly in the fields of energy, clean energy, sustainability and water resources.

The challenges are immense for the United States related to: raw material availability; manufacturing capacity; dependence on foreign supplies; worker training; global trade practices; cybersecurity; and research and data analysis needed to create the clean energy economy we need.

Norway and the European Union have reiterated their commitments to reduce greenhouse gas (GHG) emissions in a coordinated manner by at least 55% by 2030 (compared to 1990), with the objective to achieve climate neutrality by 2050.

The country's installed capacity stood at 99,820 MW at the end of 2021, with 46% of thermal, 32% of hydro, 11% of wind, 8% of solar and 4% of biomass, geothermal, and waste heat.

Some 97% of Turkey's electricity generation capacity that came into operation last year was from renewable energy plants.

Switzerland plans to build two to three gas-fired plants with a total capacity of 1 GW as part of a gas reserve.

In the situation that has obtained in recent months on energy markets, it has become clear that one of the foundations of stability of the modern global world is, in the first instance, reliable energy supply, which cannot be provided without observing a reasonable balance of energy sources and an absence of discrimination against traditional sectors of the fuel and energy complex.