Voting reps from nearly 200 nations at Dubai event ending Dec. 13 agreed to “transition away” from fossil fuels—boosting renewables, nuclear energy and climate investment—but did not mandate specific actions to cut back traditional energy use.
Country could develop about 125GW of new renewable energy sources by 2030 for hydrogen manufacture, with $2.4 billion in new public funding announced for electrolyzers it hopes will produce up to 5 million metric tons per year.
Estimated $22.5B solar generation, battery storage and high-voltage transmission will deliver renewable energy from Australia's Northern Territory to Singapore, with construction set to begin in late 2023.