While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.

European share indexes opened in the red. The STOXX 600 was down around 0.3% on the day

A hydrogen strategy, due in Q1 or Q2 this year, avoids the UK becoming "a wonderful R&D hub with multibillion-dollar industries created elsewhere,"

The Czech government has approved the creation of a CZK150bn (€5.8bn) modernisation fund to invest in renewable energy sources,

In 2020, Germany installed 1,431 MW of new onshore wind capacity (+46%), raising the total installed onshore wind capacity to 54.9 GW

Natural gas supplies to European consumers over the Nord Stream gas pipeline increased to record-breaking 59.2 bln cubic meters, Nord Stream AG, the pipeline operator, said.

The resumption of work in the Danish offshore Exclusive Economic Zone using the Fortuna comes despite US sanctions imposed Jan. 19 against both the vessel and its Russian owner, KVT-RUS.

In December 2020, the French government selected an area located 32 km off the coast of Cotentin (Normandy) to build a 1 GW offshore wind project.

The pan-European STOXX 600 index rose 0.2%.

Preliminary production figures for December 2020 show an average daily production of 2 135 000 barrels of oil, NGL and condensate.

However, Josep Borrell, the EU High Representative for Foreign Affairs, reiterated as recently as Jan. 18 that EU companies involved in the construction of the pipeline were conducting "legitimate business."

The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions,

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 9.4% in October 2020 compared to October 2019.

Total OECD indigenous production of natural gas decreased by 3.4% in October 2020 compared to October 2019.

"Today, the US is imposing sanctions on the Russia-based entity KVT-RUS and identifying the vessel Fortuna as blocked property," Pompeo said in a statement.