Ministers "put green hydrogen and low carbon hydrogen at center stage and everybody has agreed to it . . . the consensus among all the ministers was that this has formed the basis of the next COP," said the meeting's Chair and India's Power and New and Renewable Energy Minister, RK Singh.

While that trails California’s 52%, Texas is a bigger market. It’s already No. 1 in wind, making it the largest clean energy market in the US.

BNEF estimates that the global annual green investments would need to almost triple to $6.9 trillion by 2030 to have any hope of getting to net zero by 2050.

Wind employs twice as many people as coal power generation. However, coal still produces 19.5% of our electricity while wind only accounts for 10.2%.

Historically, power cuts and outages were deemed a problem only for the developing world, however, we’re now seeing more of these issues in the so-called developed world, primarily driven by a lack of electricity infrastructure spend over many years.

The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.

By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).

Oil-entropy is still ongoing,somewhat of a tug of war developing with a mix of SPR watch outs.At least the volume on the Geopolitics has toned down a bit,maybe on the 'baguette' side of life where protests have been rocking Paris.Taiwan presidential hopeful vows to maintain peace with China.

At the heart of the new energy paradigm is undersea cable technology, which is benefitting from improved laying techniques and a general acceptance of the idea that high-voltage direct current connectors can function safely over very large distances for many decades.

China had also previously offered a subsidy for EV purchases for more than a decade but the programme ended last year.

While renewable power generation from wind and solar continues to capture much of the peak power demand in The Electric Reliability Council of Texas, demand for gas-fired cooling is also up.

The Texas power grid will be severely tested over the remainder of June as the summer’s first significant heat ridge sets up across the state.

Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023.

As the energy transition/energy addition continues, many changes are occurring that will impact the performance of grid reliability.

These incentives represent the largest climate investment in U.S. history and aim to reduce emissions by approximately 40% by 2030.