Despite experiencing a series of adverse shocks—higher-than-expected inflation, the ongoing supply disruptions related to COVID-19, and Russia’s invasion of Ukraine—the financial system has been resilient, though portions of the commodities markets temporarily experienced elevated levels of stress.

The Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate.

Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since Russia’s invasion of Ukraine.

Investment in electricity generation in India has rebounded from its slump during the COVID-19 pandemic, with 15.5 gigawatts (GW) of renewable energy capacity – representing an investment of a record US$14.4 billion – added in the past financial year.

The purchase would be yet another shot in the arm for Adani, who has been seeking global investors and has committed to spend as much as $70 billion by 2030 across the green-energy value chain.

The meeting called for stronger policy coordination to promote global economic recovery.

H2Hubs will create networks of hydrogen producers, consumers, and local connective infrastructure to accelerate the use of hydrogen as a clean energy carrier.

The request includes $1.7 billion for the Office of Nuclear Energy (NE) and is one of the highest asks ever for NE.

India imported 84% of its oil needs and 54% of its gas needs in 2020. After coal (44%), oil represented 44% of the country’s total consumption in 2020, against 6% for natural gas.

The Vietnamese government has agreed to increase the capacity of the Sơn La hydropower plant on the Black River in Ít Ong, Mường La District, Sơn La Province, from 2.4 GW to 3.2 GW.

Ultimately the quality of our lives depends – in large part – on the critical infrastructure we rely on every day.

A key focus of 40107 is around the digitalization of utilities and encouraging investment in new technologies, like smart grid capabilities and utility analytics, that can lead to faster, more intelligent, and automated decision-making and promote resiliency.

In July 2021, the Brazilian president signed into law the basic text of a bill allowing the privatisation of Eletrobras, following approvals of the text by the Chamber of Deputies in May 2021 and the Senate in June 2021.

Some key questions include how much gas or LNG will move from North America to Europe and how much gas demand will move in the opposite direction and when it comes to Europe,

The Russian economy ministry forecasts an average Urals price of $80.10/b in 2022.