Since the heat to create the energy is stored in the Earth’s crust, people living on every continent could access this potential climate-changing technology.

In September 2020, total net electricity production in the OECD was 841.0 TWh, down by 3.2% compared to September 2019 and down by 10.4% compared to August 2020. In the first three quarters of 2020, total electricity production was 7,731.5 TWh, down by 3.3% compared to the same period in 2019.

The scheme, which will run until 2025, will be open to projects based on renewable electricity,

The government’s latest Energy White Paper (2020) aims to raise the share of renewables in the power mix to 22-24% (including hydropower) in 2030, with plans to make renewables Japan’s main power source by 2050.

The US brought live 3.8 GW of solar photovoltaic (PV) capacity in the third quarter of 2020, and is seen to reach 19 GW of annual installations.

Global organisations have joined the Rockefeller Foundation to form a coalition aimed at providing sustainable energy for one billion people within this decade.

Global electricity demand in 2020 is projected to fall by around 2%. With the recovery of the global economy in 2021, global electricity demand is expected to grow by around 3%.

China November natural gas production was up by 3.7% from October, the third consecutive month-on-month rise. It was also 11.8% higher from a year-ago level, the data showed.

China plans to raise the share of non-fossil fuels in primary energy consumption from around 20% to 25% by 2020, and to raise its total installed capacity of wind and solar power to over 1,200 GW.

In 2019, China accounted for 24% of Australia’s thermal coal exports.

As opposed to strategies to simply reduce emissions by 20 or 30%, a net zero target requires finding ways to totally eliminate fossil emissions and meet all of our energy needs with very low carbon options.

The Green Hydrogen Catapult target will require investment of roughly $110 billion and deliver more than 120,000 jobs, according to the groups.

The region has seen growing awareness of climate change with China, Japan and South Korea earlier this year committing to achieving net-zero emissions in the coming decades.

France's nuclear industry comprises 3000 companies and 220,000 jobs, with 5000 new hires planned for 2021 in spite of the crisis caused by the pandemic.

Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Brent prices will average $47/b in the first quarter of 2021 and rise to an average of $50/b by the fourth quarter.