global investments in energy transition technologies need to more than double to $4 trillion annually until 2050, from $1.8 trillion in 2019,

The last national electricity plan of 2018 predicts a renewable energy capacity of 275GW by 2027, with plans for significant coal capacity additions (to the order of 50GW) during 2017-2022 as well as 2022-27.

Until now, Germany had targeted net-zero emissions by 2050. It has now committed to becoming carbon-negative by that date, meaning taking more carbon out of the atmosphere than it puts in.

Pumped hydro energy storage constitutes 99% of global storage energy.

The NuScale Power Module is a pressurised water reactor with all the components for steam generation and heat exchange incorporated into a single unit.

U.S. Rig Count is up 5 from last week to 453, Canada Rig Count is up 4 from last week to 59.

Brent was down $1.75, or 2.5%, at $67.57 a barrel. WTI was down $1.80, or 2.7%, to $64.28 a barrel.

For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 484.7 million barrels,

Nuclear power, whether large-scale, small-scale, or advanced, will have a key role to play in meeting the country's net-zero by 2050 goal.

The development follows the Indian and French governments signing the Industrial Way Forward Agreement on 10 March 2018 to enable cooperation between the two countries, thereby improving the energy sector and economies through knowledge and technology sharing.

The United Kingdom targets 65% of renewables in the power mix by 2030 (47% achieved in 2020).

Taiwan is expected to develop a total of 9 GW of offshore wind between 2026 and 2031 and 6 GW between 2032 and 2035.

The civil works contract is worth US$355m and full commissioning is scheduled in mid-2024.

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021