While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.

The global economy is projected to grow 5.5 percent in 2021 and 4.2 percent in 2022.

Global natural gas demand is projected to increase by 2.8% in 2021 (about 110 bcm), thus reaching slightly above its 2019 level.

Existing nuclear technology could already produce hydrogen at below USD2 per kg, and a new generation of advanced small modular reactors could achieve the 90 cents per kg target price potentially by 2030.

A hydrogen strategy, due in Q1 or Q2 this year, avoids the UK becoming "a wonderful R&D hub with multibillion-dollar industries created elsewhere,"

The Czech government has approved the creation of a CZK150bn (€5.8bn) modernisation fund to invest in renewable energy sources,

South Africa intends to launch three tenders for 6.8 GW of renewable energy sources and 5 GW of new coal, gas, and storage projects in 2021-2022.

In 2020, Germany installed 1,431 MW of new onshore wind capacity (+46%), raising the total installed onshore wind capacity to 54.9 GW

As we aim to exit the COVID-19 pandemic and the economic crisis it has triggered we must face a greater threat – that of a changing climate.

Since 2005, the three power resources have accounted for more than 90% of all capacity additions (328 GW), with a remarkable 97% (170.9 GW) during the last seven years alone.

Coal currently plays a critically important role in balancing the electricity grid while India drives an ever-larger infrastructure investment into ever-cheaper domestic, sustainable, zero emissions renewable energy.

The price of Brent crude oil to increase from its December 2020 average of $50 per barrel (b) to an average of $56/b in the first quarter of 2021. The Brent price is then expected to average between $51/b and $54/b on a quarterly basis through 2022.

IRENA’s Members overwhelmingly approved the establishment of a new, vision-building Global High-Level Forum on Energy Transition,

Paris Climate Agreement

Global hydrogen demand is currently dominated by the refining and ammonia production industries that primarily use natural gas as a feedstock.