The target was confirmed alongside the publication, on Friday, of the terms of reference for the New Zealand Energy Strategy, which maps out the ambitions and next steps for shifting to a “high performing, low emissions” future.

This €200bn package is expected to include a €96bn subsidy scheme which was introduced earlier in October 2022.

The REPowerEU plan, which aims to end the EU’s dependence on Russian fossil fuels and tackle the climate crisis, will seek to raise the share of renewables in the region’s final energy consumption to 45% by 2030.

Nuclear power, climate change and sustainable development. Investor and philanthropist Bill Gates speaks with the IAEA in an exclusive interview ahead of the IAEA International Ministerial Conference on Nuclear Power in the 21st Century, to be held from 26 to 28 October 2022 in Washington, D.C.

There is a huge potential fusion industry and businesses were urged to get involved in the supply chain now.

Benchmark futures declined as much as 12%, and are about 70% lower from the highs of August.

Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.

Saudi Arabia is China's top crude supplier with most of the country's refineries designed to crack Middle East crudes.

Brent slid $1, or 1.1%, to $92.50 a barrel, WTI was at $84.02 a barrel, down $1.03, or 1.2%.

The current situation, rather than “making green energy so cheap that eventually everyone will want it”, is making green energy so expensive that eventually no one will want it.

Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.

Caps on gas prices top the political agenda in Europe as governments seek to rein in an unprecedented energy crisis triggered by a cut of gas shipments by Russia, the continent’s former biggest supplier.

Lesson one is that energy security and energy transition must be in balance to sustain energy systems that are also affordable.

China's crude imports from Russia have continued to stay elevated through 2022, averaging at 1.71 million b/d over January-August, up 7.3% year on year, according to customs data.

Brent fell by $1.30 to $91.96 per barrel, WTI fell by $1.24 to $83.34 per barrel.

The Darlington New Nuclear Project will be a 300 MWe small modular reactor (SMR), which is to be built next to OPG's existing Darlington nuclear power plant in Clarington, Ontario.

In March 2021, scientists at DIII-D released a new concept for a compact fusion reactor design they said could help define the technology necessary for commercial fusion power.

During the consultation the government is seeking opinions and recommendations on three major issues: how energy consumption can be adapted in order for France to reach climate neutral by 2050; how energy demand can be met whilst reducing dependency on fossil fuels; and how to plan, implement and finance the energy transition.

China’s offshore wind capacity stood at 26.4 GW by end-2021. This is the world's largest offshore wind installed capacity, followed by the United Kingdom (12.7 GW).

Saudi Arabia previously signed in February 2019 several memorandums of understanding for an investment of US$21bn in various sectors of the Pakistani economy, including for the project of a deep conversion refinery and petrochemical complex with an investment of US$12bn.