To wean itself off Russian natural gas, Europe has found new sources of energy, including imports from the United States. But high costs are straining the economy.
Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
The hydropower dam, in quake-prone Tibet, is set to be the world’s biggest. But China has said little about the project, which could affect nearby countries.
Legal experts said the president was testing the boundaries of executive power with aggressive orders designed to stop the country from transitioning to renewable energy.
The president said he’d declare an energy emergency, increase drilling and end support for electric cars. His pivot to oil and gas follows the hottest year in recorded history.
An extraordinary drought has drained Ecuador’s rivers and reservoirs, leading to power outages of up to 14 hours. Some fear this is the beginning of a larger global crisis.