“Sinopec will expand forcefully into making hydrogen from renewable energy, and zero in on hydrogen for transportation fuel and using green hydrogen for refining,” acting Chairman Ma Yongsheng said.

IOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year,

Poland plans to auction up to 10.9 GW of offshore wind projects by 2030 and up to 28 GW of offshore wind by 2050.

Serbia also intends to fund gas, solar and wind power projects.

In the first four months of this financial year (FY), from April to July 2021, investment in the Indian renewable energy sector reached US$6.6 billion, surpassing the US$6.4 billion level for FY2020/21 and on track to easily overtake the US$8.4 billion total achieved in 2019/20 prior to the pandemic.

New equity raised on public markets hit a record high at US$28.2 billion in 1H2021, as did venture capital and private equity commitments to renewable energy companies at US$5.7 billion.

India’s refining capacity stood at 251 Mt/year at the end of 2020. India is the fourth largest producer of oil products in the world, with an output of 232 Mt in 2020 (-11% compared to 2019). The country is a net exporter of oil products (12.5 Mt in 2020).

As part of its National Energy and Climate Plan (2020), France set its 2030 target for renewables at 33% of the final energy consumption.

Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions continue to withdraw from coal.

"Samsung C&T is delighted to invest in and explore global carbon-free power opportunities together with NuScale Power and Fluor Corporation, leading companies in the SMR nuclear business," Se Chul Oh, Samsung C&T’s Engineering & Construction Group president and CEO, said.

The European Parliament (EP) has approved the €30bn upgraded Connecting Europe Facility (CEF) programme for 2021 to 2027, with 60% for projects that help achieve the EU’s climate objectives and 15% of energy pillar funds for cross-border renewable energy projects.

In fusion, the Euratom Work Programme sets a clear strategy for EUROfusion - the European Consortium for Development of Fusion Energy.

The Indonesian state-owned oil and gas company PT Pertamina plans to invest US$12bn to add 10 GW of "clean" power capacity by 2026, including 6 GW of gas-fired power plants, 3 GW of renewables such as geothermal and 1 GW from other projects like “blue” and “green” hydrogen.

USD 131 trillion will need to flow into an energy system over the period to 2050 that prioritises technology avenues compatible with a 1.5°C Pathway.

“The United States and Canada have a shared commitment to protect our planet and ensure that all pockets of North America have access to affordable, clean energy,” said Granholm.