According to data compiled by the U.S. Bureau of Economic Analysis, the Consumer Price Index (CPI) for ‘Energy’ in February 2022 was 25.6% higher than in February 2021, which is more than triple the increase of the CPI for ‘All Items,’ which was 7.9% higher over the same period.

Renewable sources accounted for more than one-eighth (12.61%) of the U.S. energy produced and 12.49% of the energy consumed for electricity, transportation, heating, and other uses.

Acceleration of the energy transition is essential for long-term energy security, price stability and national resilience.

Tim Holt highlighted the Middle East's role in providing fuels like green hydrogen to countries like Germany, where it would be an important step in its energy diversification, as it would benefit from taking hydrogen from countries in the world that have the right conditions at lower cost to produce it.

By 2025, carbon-free energy sources should account for 20% of the energy mix and 39% of the power mix.

The German energy regulator Federal Network Agency (Bundesnetzagentur or BNetzA) has launched a tender for the development of 1,320 MW of onshore wind capacity.

The committee said geothermal energy and nuclear energy have the potential to play a part in Singapore's future energy supply mix.

The country currently generates around 60% of its electricity from renewables (hydropower, wind and solar) and expects to reach 80% before 2030.

The company has 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, more than 22 MW of hydro generation in both states, nearly 35 MW of large-scale solar generation in both states, and 2,620 MW of coal-fired generation in Indiana.

The Aurora project, which will be located 20 km south of Gotland and 30 km east of Öland, consist of up to 370 turbines with a maximum height of 370 meters.

The German Federal Network Agency (Bundesnetzagentur or BNetzA) has published the results of the latest tenders for onshore wind with a bidding date set for 1 February 2022.

Renewable facilities added 23,639 megawatts (MW) of new generating capacity last year with solar and wind providing 12,804-MW and 10,754-MW respectively.

9 GW floating offshore wind project by 2030 and set up an export base for offshore wind equipment and materials

Massachusetts had earlier set an offshore wind target of 4 GW by 2027.

"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."