The Indian Ocean island nation of the Maldives has begun tendering for 40MW / 40MWh of battery energy storage systems across several regions. The Republic of Maldives’ government said some of the proceeds of financing it has received from the World Bank to help accelerate renewable and sustainable energy integration will be used to pay […]
Investor Confidence in Renewable Energy and Energy Storage Sectors Hits All-Time High
ACORE Releases $1T 2030 Campaign Progress Report and New Survey of Leading Financial Institutions and Developers WASHINGTON, D.C. : A new analysis released today by the American Council on Renewable Energy (ACORE) finds that confidence among both renewable energy investors and developers is at an all-time high. The report, Expectations for Renewable Energy Finance in […]
A Ray of Sunshine: Solar Industry Gets Fresh Push From PLI Scheme
India is a signatory to the Paris Agreement under the United Nations Framework Convention on Climate Change. As part of its Nationally Determined Contribution (NDC), India has three quantitative climate change goals viz. reduction in the emissions intensity of Gross Domestic Product (GDP) by 33 to 35 percent by 2030 from 2005 level, achieving about […]
The Real Solar-Panel Price Crisis Hasn’t Begun Yet
Averting climate change could turn on whether the industry can become less dependent on Xinjiang and still keep up supply of a vital raw material. One of the longest-running deflationary trends is grinding to a halt. The consequences could have profound effects on the global ability to avert climate change. The slumping cost of semiconductor […]
Singapore Places $1.8 Billion For Green Investments
At a news conference on Wednesday, Ravi Menon, managing director of Monetary Authority of Singapore (MAS) said the funds were placed from Singapore’s official foreign reserves as part of the central bank’s green investment program. Singapore’s central bank has allocated $1.8 billion with five asset managers as part of moves to protect its portfolio from […]
Will Earth Restore Itself or is it Our Responsibility?
The time has come when we should set out our priorities not just for ourselves, for family or for society, but also for the environment. Our nature has its own way of rejuvenating itself. Till the moment we humans were living and consuming the resources that mother earth has given us, like any other species […]
World Environment Day: Guj CM Launches Long-Term Action Plan
Ahmedabad : The Gujarat government on Saturday unveiled its ‘State Action Plan on Climate Change’ on the occasion of World Environment Day with the aim of building a sustainable and climate-resilient future through coordinated climate adaption and mitigation planning by 2030. Launching the climate plan at an event in Gandhinagar, Chief Minister Vijay Rupani said […]
IndusInd Bank Plans to Raise Climate Financing to 3.5% in Two Years
Private sector IndusInd Bank on Saturday said it will reduce carbon emissions to 50 per cent in next four years and raise climate financing to 3.5 per cent in two years. Private sector IndusInd Bank on Saturday said it will reduce carbon emissions to 50 per cent in next four years and raise climate financing […]
Why the Green Climate Fund Should Give Developing Countries Greater Direct Access to Finance
At its latest board meeting in March 2021, the Green Climate Fund (GCF) approved $1.2 billion in funding for 15 climate change projects in developing countries. However, funding for only two of these projects, or 1.5% of the total amount, went directly to developing country institutions. The GCF, one of the financial mechanisms the Paris […]
How China Beat the U.S. to Become World’s Undisputed Solar Champion
For Mayor Tom Hughes and the other politicians gathered to cheer the opening of a $440 million solar panel plant in Hillsboro, Oregon, it was a moment of glory. The arrival of SolarWorld AG promised to be a turning point for his hometown just west of Portland. “Not just because of SolarWorld itself,” Hughes recalled, […]