Mr Grossi said many countries were expanding or introducing nuclear power as part of their energy mix despite the Fukushima Daiichi accident in Japan almost a decade ago and highlighted its role in fighting climate change.

But the agency paints a deeply troubling picture for the country’s greenhouse gas emissions, with carbon pollution dipping briefly this decade, increasing in the 2030s, and falling only 4% overall by 2050,

"New targeted credit lines will support climate action by companies in Bulgaria, Italy, Romania and Spain, improve access to finance by energy, tourism and education companies in Serbia, help agriculture firms in Romania to expand and encourage circular economy investment in Spain," the EIB said in a statement.

Two dominant energy industry themes—the move to cleaner energy and digitalisation—can be combined to “positively impact each other”, Shell CTO Yuri Sebregts told the annual meeting of energy technology heavyweight Baker Hughes in Florence on Tuesday.

In accordance with Bahrain’s national energy plan, renewable energy will be an area of particular interest in order to consider potential business opportunities. In the LNG sector, the collaboration will target a more sustainable and efficient energy mix to meet Bahrain’s future energy needs. Eni’s unique know-how and expertise will also be leveraged to evaluate further exploration opportunities.

Tom Greatrex, CEO of the UK Nuclear Industry Association, said in a statement that, to reach net-zero emissions by 2050, and power a boom in electric vehicles and heating, the UK needed to quadruple its production of clean power.

In the AEO2020 Reference case, U.S. crude oil production reaches 14.0 million barrels per day (b/d) by 2022 and remains near this level through 2045 as tight oil development moves into less productive areas and well productivity declines.

U.S. electricity generation from renewable sources such as wind and solar to surpass nuclear and coal by 2021 and to surpass natural gas in 2045.

Wind power is one of the most important drivers of Germany’s transition to renewable energy and a related target for green energy to reach 65% of electricity production by 2030 will be missed at the current rate of turbine growth,

U.S. renewable energy consumption totaled 924 trillion British thermal units (Btu), which accounted for 12% of U.S. total primary energy consumption.

The European Commission’s “green deal” policy package, which was announced in December, will commit the European Union to achieve climate neutrality, emitting no more greenhouse gases beyond what can be absorbed, by 2050.

Australia added 6.3 GW of new renewable capacity in 2019, against 4.8 GW in 2018

Renewables only accounted for 18.2% of total energy generated by November 2019, while coal alone produced 23.4% of the country’s electricity.

"We are ready to move to the next phase of implementing Europe's first large-scale hydrogen plant," Nouryon's head of industrial chemicals, Knut Schwalenberg, said.

The oil and gas industry now needs to make clear what clean energy transitions mean for it – and what it can do to accelerate clean energy transitions.