Recently, the German government has set a goal of reaching 1 million electric vehicles in the country by 2020. However, as of the end of 2015, the total number of electric vehicles registered in Germany was less than 50,000.

Torbjorn Tornqvist, chief executive of Gunvor Group, the world's largest oil trader, said the painful period in the oil market may be about to pass, with analysts expecting oil prices to climb to 50 per barrel next year dollar level.

According to the TASS news agency, Russia’s oil minister warned that if oil prices exceed US$50 to US$60 per barrel, it will cause oversupply.

Since the beginning of this year, international oil prices have been falling. In mid-January, they once fell below the US$30/barrel mark. Although they have rebounded in recent days, they are still hovering around US$30/barrel.

India's Cabinet Committee on Economic Affairs has approved an expansion of the country's grid-connected rooftop solar budget from 6 billion Indian rupees (90 million US dollars) to 50 billion Indian rupees by 2019/20.

On the afternoon of December 6, local time in Paris, France, the Global Solar Council ("GSC") held its founding ceremony. Gao Jifan, chairman and CEO of Trina Solar, was elected as co-chairman of the China Photovoltaic Industry Association. After the establishment of the Global Solar Council, it plans to headquarter in China.

As the world's second-largest coal importer, India's domestic coal production has soared, which has almost dashed the market's hopes of relying on the country's demand to alleviate the global oversupply.

Just this past September, Saudi Arabia's sovereign wealth fund began its second round of redemptions this year, with the total withdrawals likely to exceed US$70 billion in one year. This was because the plunge in oil prices led to a decline in its oil revenue and increased financial pressure.