News in Numbers

A moderately paced energy transition will see 28 petrostates lose over half their fossil-fuel revenues – $8trn of fossil-fuel income – by 2040 as demand declines and prices tumble.

GreenGo applies to build 60GW Mauritanian hybrid solar and wind project with 35GW of electrolysis capacity, which can produce four million tonnes of green hydrogen or 18 million tonnes of green ammonia annually.

COP28 presidency hails a historic victory as nations agree on the Loss and Damage Fund to support the poorest and most vulnerable countries in coping with climate-related impacts on day 1 of COP28.

11 countries have joined the battery energy storage systems (BESS) consortium at COP28, setting a goal of 5GW of BESS by the end of 2025.

The EU will invest up to €584bn in power grids by 2030, aiming to introduce the plan in December 2023, and could give "projects of common interest" status to 68 projects.