Initial numbers show total lending approved in the energy sector in 2020 reached $4.2 billion, up by 73% from 2019 volume of $2.41 billion. Climate finance maintains its 50% share to total lending. Climate finance in the energy sector is estimated to have reached $2.3 billion consisting of about $2.2 billion for mitigation and around $101 million for adaptation. Notwithstanding the COVID-19 pandemic, the energy sector delivered, spearheaded by sovereign operations that were able to process a total of $3.5 billion in loans, followed by nonsovereign operations with $391.6 million and grant financing at $262 million. These may be preliminary figures, but it bodes well for the sector whose job is cut out for the next couple of years. A closer look at the investments in 2020 and the directions the sector will take in the near term will be discussed in the coming days. The Energy Committee will convene this week with updates on the Energy Policy Review and the 2021-2022 Work Plan as major items on the agenda. Then the Energy Sector Group Strategy Session is scheduled as a two-part series on 26-27 January to bring a broader representation of the sector as it charts the direction, goals, and objectives for this year and the next.