Japan aims to expand offshore wind energy capacity to 10 GW by 2030 and 30-45 GW by 2040.

The strategy articulates India's vision and action plan for achieving its goals set out in its Nationally Determined Contribution (NDC) which was updated earlier this year to commit India to reduce the emissions intensity of its GDP by 45% from 2005 levels, and to achieve "about 50%" of its cumulative installed electric capacity from non-fossil fuel-based energy resources, by 2030.

Hydrogen would be a key part of the future energy mix, with Saudi ambitions to produce 4 million mt/year of "clean" hydrogen by 2030.

Most of the hydrogen currently produced in the US is made through steam-methane reforming whereby methane reacts with high-temperature steam to produce carbon monoxide, carbon dioxide, and hydrogen.

An “Energy Superhub” is being constructed in Coventry, a city in the middle of the UK, which will harmonize a number of renewable technologies to maximize the benefits of decarbonized electricity.

General Fusion CEO Greg Twinney said the partners are "strengthening the Canadian fusion industry and making progress on the path to supplying commercial fusion power to the electricity grid within a decade".

Despite the ongoing uncertainty of long-term forecasts for the energy market development, it is clear that natural gas will continue gaining increased importance in the global energy mix. Its consumption is expected to increase by about 20 per cent by 2040 versus 2021.

Dr Fatih Birol, Executive Director of the International Energy Agency (IEA), set the tone for the event by declaring at its outset: “Nuclear power is making comeback—and in a strong fashion.”

The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel.

Masdar, along with its Dutch joint venture company Infinity Power and Hassan Allam Utilities, has signed a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity and Renewable Energy to construct a 10 GW onshore wind project in Egypt.

Growth in OPEC and non-OPEC oil production—most notably production in the United States— keeps the Brent crude oil price in our forecast lower on an annual average basis in 2023 than in 2022. Brent crude oil price will begin rising in 2H23.

The Administration prioritized five areas' to launch the Net- Zero Game Changers Initiative:

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. H. L. Mencken

France plans to build 6 new next-generation EPRs (European Pressured Reactors II) and to launch studies for the construction of 8 additional EPRs as well as SMRs (Small Modular Reactors) to have 25 GW of new nuclear capacity by 2050.

"Including nuclear in the investment tax credit for clean energy technologies is a major step forward for the industry and great news for our climate and economy," said John Gorman, President and CEO of the Canadian Nuclear Association (CNA).