In Short : China’s wind and solar power capacity has surpassed thermal power for the first time, reaching 1,482 GW by March 2025. Despite this milestone, renewables contributed just 22.5% to electricity consumption due to grid challenges. Meanwhile, China continues expanding coal power, risking its 2030 carbon peak and 2060 neutrality goals. Renewable growth remains […]
Cochin Shipyard Launches Green Tug Construction Ahead of Demand to Lead Sustainable Maritime Shift – EQ
In Short : Cochin Shipyard is set to begin building two green tugs ahead of receiving firm orders, aiming to cut delivery time and attract future buyers. Each 60-tonne bollard pull tug supports India’s Green Tug Transition Programme. The move aligns with government goals for zero-emission ports by 2047, as major ports plan to procure […]
UK Urges World to Stay on Climate Goals Despite US Withdrawal: Will It Affect COP30? – EQ
In Short : The UK has called on global nations to remain committed to climate goals despite the US withdrawal from key agreements. This stance underscores the importance of international cooperation in combating climate change. While the US exit poses challenges, the UK’s leadership could help maintain momentum. Its impact on COP30 will depend on […]
Govt plans National Green Financing Institution to achieve climate goals NITI Aayog – EQ
In Short : The Indian government plans to establish a National Green Financing Institution to boost climate funding and support its 2070 net-zero goal. Led by NITI Aayog, the initiative aims to lower capital costs for green projects by aggregating funds. It will help achieve India’s 2030 targets of reducing emissions intensity and increasing non-fossil […]
PARLIAMENT QUESTION: Progress in achieving Climate Goals – EQ
In Short : The Indian government remains committed to achieving its climate goals through ambitious policies and initiatives. In response to a parliamentary question, the government highlighted progress in renewable energy expansion, emission reductions, and climate adaptation strategies. Key achievements include surpassing 180 GW of installed renewable energy capacity, strengthened commitments under the Paris Agreement, […]
Climate goals need clean energy surge in Global South: IEA – EQ Mag
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 […]