The U.S. solar energy industry will add an additional 113,000 jobs and generate $87 billion in investment over the next decade if U.S. lawmakers extend the sector’s key tax credit, a report published on Tuesday said.

"Currently, we are meeting more than 30% of the electricity through renewable energy," Erdoğan explained, as he vowed to boost the current rate to 39% by 2023.

Speaking at the beginning of the UN’s Climate Action Summit on Monday, the 16-year-old acclaimed climate activist Greta Thunberg, was unsparing in her criticism of world leaders, telling them that they are still “not mature enough to tell it like it is”.

The UN has said its goal for the summit is to bring forward what organizers have called "concrete plans and strategies" to bring about carbon neutrality by 2050.

“Stabilizing the climate is urgent, nuclear power is slow,” said Mycle Schneider, lead author of the report. “It meets no technical or operational need that low-carbon competitors cannot meet better, cheaper and faster.”

Our latest agreements will also spur the construction of more than $2 billion in new energy infrastructure, including millions of solar panels and hundreds of wind turbines spread across three continents. In all, our renewable energy fleet now stands at 52 projects, driving more than $7 billion in new construction and thousands of related jobs.

In a statement today at the UN Secretary-General’s Climate Action Summit in New York, nine multilateral development banks (MDBs) announced plans to increase the global climate action investments they support each year to US$ 175 billion by 2025.

After stalling last year, global capacity additions of renewable power are set to bounce back with double-digit growth in 2019, driven by solar PV’s strong performance,

The funds will invest 350 billion Danish crowns ($52 billion) in energy infrastructure, green stocks and bonds and energy efficient construction up to 2030, Danish pensions industry association Insurance and Pension Denmark said in a statement.

Energy ministers from across Central Asia committed their countries to collaborating on meeting the United Nations' seventh Sustainable Development Goal (SDG), which pledges 'affordable and clean energy' by 2030. The meeting is the first time they have come together to discuss the region's common energy challenges.

Climate Investment Platform Targets Increase in Flow of Capital to Clean Energy Projects

The U.S. Energy Information Administration (EIA) expects that U.S. wind capacity additions in both 2019 and in 2020 will be near the annual record level of additions set in 2012.

The Mohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site project to generate renewable energy. It will have a capacity of 5,000 megawatts (MW) by 2030 with investments of AED 50 billion. It is based on the independent power producer (IPP) model. This model contributed to world record prices for solar energy projects. According to a study published by Japan's Nikkei Asian Review, the UAE's interest in renewable energy production has contributed to its global cost reduction. Through its projects, the solar park will accelerate the shift towards adopting and using solar energy.

The share of U.S. total energy consumption that originated from fossil fuels has fallen from its peak of 94% in 1966 to 80% in 2018. The total amount of fossil fuels consumed in the United States has also fallen from its peak of 86 quads in 2007. Since then, coal consumption decreased by 10 quads and petroleum by 2 quads, more than offsetting a 7 quad increase in natural gas consumption.

Nuclear and renewable generation should be used in combination to make the most of their synergies in integrated systems to help the world meet carbon reduction goals and limit temperature rise, leaders from governmental and non-governmental organisations and industry said yesterday. Innovative nuclear technologies will play their part in integrated systems alongside renewables, with combined uses of heat and power, hydrogen production, desalination and industrial decarbonisation.