global investments in energy transition technologies need to more than double to $4 trillion annually until 2050, from $1.8 trillion in 2019,

Nuclear power, whether large-scale, small-scale, or advanced, will have a key role to play in meeting the country's net-zero by 2050 goal.

The United Kingdom targets 65% of renewables in the power mix by 2030 (47% achieved in 2020).

Taiwan is expected to develop a total of 9 GW of offshore wind between 2026 and 2031 and 6 GW between 2032 and 2035.

"Under the current OPEC+ production scenario, supplies won't rise fast enough to keep pace with the expected demand recovery," the IEA said. "The widening supply and demand gap paves the way for a further easing of OPEC+ supply cuts or even sharper stock draws."

Germany will now aim for a 65% cut in carbon emissions by 2030 and net zero by 2045, up from a previous 55% for 2030 and net zero by 2050.

The government has said it will grant a total of 5 billion euros in subsidies in 2021 for technologies that will help it achieve its climate goals.

India's power demand was heavily impacted during the Q1FY21 lockdown (bringing all economic activity to a standstill), falling 15.5% Y-o-Y during Q1FY21 and 7.8% Y-o-Y during 1HFY21.

OPEC+ officials said they see no reason to be alarmed, and the group's production is set to rise anyway.

"China has committed to move from carbon peak to carbon neutrality in a much shorter time span than what might take many developed countries, and that requires extraordinarily hard efforts from China,"

Документ закрепляет договорённости о создании Рабочей группы высокого уровня по устойчивой энергетике и входящей в её состав подгруппы по сотрудничеству в сфере водородной энергетики, а также устанавливает перспективные направления сотрудничества по широкому кругу вопросов в области использования новых источников энергии

India's crude imports fell 10.3% year on year to 201.5 million mt in 2020, or 4 million b/d, data from the Petroleum Planning and Analysis Cell showed, as oil products demand in 2020 posted negative growth for the first time in nearly two decades.

The United Kingdom already aims to reduce GHG emissions in 2030 by 68% (excluding IAS) compared to 1990 levels. In June 2019, the country pledged to reach net zero emission by 2050.

The country’s GHG emissions increased by 0.2% in 2019 to 730 MtCO2eq, i.e., 21.4% higher than 1990 levels.

The RPS system was introduced in 2012 with an initial mandatory quota of 2%, which has been gradually raised to 9% in 2021. The policy, implemented through a system of certificate, should be effective from October 2021.