The EU will provide nearly Eur10 billion of funding that the partners will match with at least an equivalent amount of investment, the EC said in a statement.

Severe cold weather in parts of the USA last week contributed to power outages affecting millions of electricity customers across Texas, Louisiana and Oklahoma.

The power supply collapse in Texas was caused by extreme and aberrant cold weather, freezing the electric generators. The system wasn’t designed to withstand what occurred -- and what may occur elsewhere in a time of new and terrifying instability in the world’s weather systems.

Fossil fuels are expected to dominate the primary energy mix thru 2040, even in scenarios where countries meet the Paris Agreement’s climate goals.

EDF has maintained its 2021 French nuclear output target in a range of 330 TWh-360 TWh after 2020 output fell to a record low of 335.4 TWh, the French utility said Feb. 18.

Signed in 1994 to protect cross-border investment in the energy sector, the Energy Charter Treaty has faced growing criticism from environmental groups and governments that say it impedes countries’ efforts to phase out fossil fuels.

Decarbonising the power sector will not be sufficient to achieving net-zero emissions. We also need to decarbonise the non-power sectors - transport, buildings and industry - which represent 60% of emissions from the energy sector today.

By joining the IBM Quantum Network™ as an Industry Partner, bp will have access to IBM's ‎quantum expertise and software and cloud-based access to the most advanced quantum ‎computers available via the cloud.

One of the key mitigation measures is development of adequate energy storage capacity in India.

This dramatic growth in renewable energy capacity reinforces the fact that India is witnessing an unprecedented energy transition to low-carbon development,

Budget 2021-22 is a mixed bag in terms of support for India’s transition to a sustainable, low carbon economy.

The next ten years will be an era of fundamental change for the energy sector as more companies leverage digitization with the potential to increase long-term earnings by 25% or more.

Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.

Combined, they accounted for or 22,451 megawatts (MW) or more than three-quarters (78.09%) of the 28,751 MW of new utility-scale capacity reported to have been added last year. Wind (13,626 MW) and solar (8,543 MW) each contributed more new generating capacity than did natural gas (6,259 MW).

The National Climate Task Force, which met for the first time yesterday, was established in an executive order on tackling the climate crisis signed by President Joe Biden during his first week in office.