Transmission grid firms have presented plans to the regulator to invest up to 102 billion euros ($124.56 billion) up to 2030, of which 55 billion will go into high-voltage networks and 47 billion into local distribution grids.

The report is the world’s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth.

Germany will now aim for a 65% cut in carbon emissions by 2030 and net zero by 2045, up from a previous 55% for 2030 and net zero by 2050.

Currently, renewables form 10% of India’s total power generation and that share will increase to 31% by 2030 with 450GW coming online.

The government has said it will grant a total of 5 billion euros in subsidies in 2021 for technologies that will help it achieve its climate goals.

The gist of the technical case for CCS in a hydrogen economy is that, so long as fossil fuels are available and deliver a high energy return on energy invested (EROEI), it is inherently cheaper and more efficient to produce hydrogen from fossil fuels by reforming, rather than by electrolysis of water.

The EU has made green and digital the two pillars of its recovery plan, aiming to strengthen its leadership in the global fight against climate change, boost innovation and reduce dependence on imports of critical materials.

India's power demand was heavily impacted during the Q1FY21 lockdown (bringing all economic activity to a standstill), falling 15.5% Y-o-Y during Q1FY21 and 7.8% Y-o-Y during 1HFY21.

which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030,

The bill is a first step to create legislation that will allow to regulate CO2 emissions in Russia.

"Russia is willing to present a range of joint projects and consider potential benefits even for foreign companies that would like to invest in clean technologies, including in our country," Putin said.

Документ закрепляет договорённости о создании Рабочей группы высокого уровня по устойчивой энергетике и входящей в её состав подгруппы по сотрудничеству в сфере водородной энергетики, а также устанавливает перспективные направления сотрудничества по широкому кругу вопросов в области использования новых источников энергии

India's crude imports fell 10.3% year on year to 201.5 million mt in 2020, or 4 million b/d, data from the Petroleum Planning and Analysis Cell showed, as oil products demand in 2020 posted negative growth for the first time in nearly two decades.

"Global carbon emissions are set to jump by 1.5 billion tonnes this year -- driven by the resurgence of coal use in the power sector. This is a dire warning that the economic recovery from the COVID crisis is currently anything but sustainable for our climate," said Fatih Birol, the IEA's executive director.

The US was working with partners in India to launch a US-India Hydrogen Task Force under the US-India Strategic Energy Partnership initiative.