Meanwhile, as the benefits of grid digitization have failed to live up to expectations, the associated security risks have been very real.

The European Parliament (EP) has approved the €30bn upgraded Connecting Europe Facility (CEF) programme for 2021 to 2027, with 60% for projects that help achieve the EU’s climate objectives and 15% of energy pillar funds for cross-border renewable energy projects.

The Indonesian state-owned oil and gas company PT Pertamina plans to invest US$12bn to add 10 GW of "clean" power capacity by 2026, including 6 GW of gas-fired power plants, 3 GW of renewables such as geothermal and 1 GW from other projects like “blue” and “green” hydrogen.

In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.

We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).

According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.

In addition, the Indian power utility NTPC has committed to halve its coal-fired power capacity and to set up 60 GW of renewable projects by 2032. NTPC’s current installed capacity stands at 66 GW, of which 54 GW is coal-fired.

The agreement between IRENA and Chinese Ministry of Ecology and Environment will enhance cooperation on the energy transition between the two to ensure China moves closer to its 2030 carbon emissions reductions and 2060 carbo-neutrality targets.

In April 2021, the country pledged to cut greenhouse gas (GHG) emissions in 2030 by 36% compared to 2005 levels, according to Canada’s budget for the fiscal year ending in March 2022.

USD 131 trillion will need to flow into an energy system over the period to 2050 that prioritises technology avenues compatible with a 1.5°C Pathway.

In the report, Nuclear Energy APPG says the nuclear industry is ideally placed to support the government’s twin goals of levelling up the UK economy and cutting emissions

The annual E-FUSION (Emirati French Industrial Supply Chain Initiative for Nuclear) event was launched by ENEC, EDF and GIFEN (French Nuclear Cluster) in 2019, aiming to develop new Franco-Emirati commercial relations in the nuclear sector.

While wording was removed from the original strategy calling for maximising nuclear utilisation, new reference was added in the latest strategy on the promotion of nuclear-related R&D and personnel training with an eye to the future.

“The United States and Canada have a shared commitment to protect our planet and ensure that all pockets of North America have access to affordable, clean energy,” said Granholm.

NNL says the UK has set a world-leading net zero greenhouse gas emissions commitment and the nuclear fuel cycle is crucial to the role of nuclear technology in decarbonising the future energy system.