PARIS: Financing for clean energy in developing and emerging economies excluding China must increase seven-fold within a decade if global warming is to be capped at tolerable levels, the International Energy Agency said Wednesday. To keep Paris climate temperature goals in play, annual investment for non-fossil fuel energy in these countries will need to jump […]
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals – EQ Mag
JAKARTA, Indonesia : Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. But investments in coal are on course to rise by about 10% […]
Fossils or not? Nations are split on how to meet climate goals – EQ Mag
Senior officials from dozens of nations meeting in Berlin remained divided Wednesday on how to meet international climate goals Senior officials from dozens of nations meeting in Berlin remained divided Wednesday on how to meet international climate goals, with some pushing for a phase-out of fossil fuels and others insisting that oil and gas can […]
NTPC mulls new offers for green unit after withdrawn bid – EQ Mag
In addition, soaring demand and attractive subsidies for clean energy in developed markets, such as the US and the European Union, is weaning some investors away from India. State power giant NTPC Ltd. is considering seeking fresh offers for a stake in its green unit after the top bidder pulled out, a development that highlights […]
India needs to double share of clean power to meet climate goals – EQ Mag
The share of clean sources in India’s power generation capacity should surge to 90% by 2047 more than double, federal Power Secretary said. The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, federal […]
Accelerating wind deployment can be a key tool for developing countries looking to grow their economy and deliver on climate goals – EQ Mag
Brussels : A new report from the Global Wind Energy Council (GWEC) highlights the enormous potential of embracing the potential of wind energy. In just five years, five developing countries could add 3.5 GW of capacity, an extra US$12.5 bn for their economies and create 130,000 FTE work-years. The five countries – Argentina, Colombia, Egypt, […]
5 Shifts to Transform Transportation Systems and Meet Climate Goals – EQ Mag
Transportation connects us to one another. It’s how we get to school and work, how we visit our families, and how we access our food and health care. It’s also how we ship goods and deliver services. As economies and populations grow, so does the need for efficient, accessible and sustainable transportation. The current global […]
Developed countries must fulfil financial commitments to achieve climate goals: Environment Minister Yadav – EQ Mag
Panaji : Developed countries will have to fulfil their financial commitments if the goal of restricting global warming to 1.5 degrees Celsius above pre-industrial levels is to be achieved, Union environment and climate change minister Bhupender Yadav said here on Saturday. He was speaking at the concluding function of the First International Environment and Sustainability […]
India expected to see faster progress on climate goals: Report – EQ Mag Pro
New Delhi : At least three of the four top emitters of greenhouse gases — China, the EU and India — are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate […]
Masdar Opens New Office in Saudi Arabia to Strengthen Presence in Renewable Energy Market and Support Climate Goals – EQ Mag Pro
Abu Dhabi’s flagship renewable energy company intends to bid in Saudi Power Procurement Co. Round 4 tender for projects with combined capacity of 3.3 gigawatts Company aims to add to existing projects in the Kingdom, including 400-megawatt (MW) wind farm – largest in the Middle East – and 300 MW solar power plant Masdar inaugurates […]
