"There is no bigger opportunity in front of us than rebuilding the world's energy system around carbon-free sources," Korsnick said, adding that there is "no more debate about the need for swift action".

Modelling Princeton conducted on the path to a net-zero future showed not much, if any, increase in gas-fired generation capacity starting now, with small increases in some areas to manage reliability needs from rapid coal retirements offset by retirements of older gas plants in other areas.

In 2020, Group net ordinary income amounted to 5,197 million euros, compared with 4,767 million euros in 2019, an increase of 430 million euros (+9.0%).

The UK's Industrial Decarbonization Strategy sets out how the UK can develop a thriving industrial sector aligned with a net-zero emissions target without pushing emissions and business abroad.

"Germany has achieved its 2020 climate target," Economy and Energy Minister Peter Altmaier said. Compared to 1990, 2020 emissions dropped 40.8%.

The Intergovernmental Panel on Climate Change’s (IPCC’s) Special Report on Global Warming of 1.5°C released in 2018 clearly indicates that a 45% reduction in global greenhouse gas emissions from 2010 levels is required by 2030.

Vietnam will need about US$320bn to develop its power sector in 2021-2045,

As Texas plunged into darkness last month, its power markets turned to chaos. The financial repercussions of that chaos are becoming apparent now.

The polar vortex which incapacitated much of the electric grid in Texas is gone, but the financial vortex is happening now in the state and will be around for years, if not decades.

Only a transition seen by all as being fair and equitable will command that consent, engagement and participation. We will therefore fail to make the transition if we fail to make the transition just.

After hitting a low in April, global emissions rebounded strongly and rose above 2019 levels in December.

That brings the total shortfall to nearly $2.5 billion, according to a market notice.

"The entire energy sector failed Texas," said NRG Energy Inc Chief Executive Mauricio Gutierrez, who testified.

Natural gas will overtake coal in 2025 and become the largest global primary energy source by 2047, with oil plateauing around 2040 and then beginning its irreversible decline

Those essentials include power for natural gas wells, processing plants and compressor facilities, but Texas Energy Reliability Council Chairman James Cisarik said keeping natural gas flowing to power plants requires operational water, communication and transportation infrastructure.