BRUSSELS : Europe risks being left behind on green energy innovation and investment if various pieces of legislation are not aligned and simplified, the CEOs of Volvo Group and Vattenfall said. Sweden’s state-owned Vattenfall is a major producer of solar, wind and hydropower as well as nuclear and on Tuesday it agreed a 10-year wind […]
Energy transition in European Union is irreversible: Report – EQ Mag
The potential benefits can turn into reality if governments implement the laws to reach a net emission reduction of at least 55 per cent by 2030 NEW DELHI : A new report by Strategic Perspectives on Tuesday described the potential socio-economic effects of achieving the European Union’s climate target for 2030. The potential benefits can […]
Vietnam sees disputes arising from energy transition – EQ Mag
Hanoi : Vietnam’s transition towards cleaner forms of energy has brought a greater risk of disputes distinctive to renewable energy projects, state media reported on Friday. The Vietnam International Arbitration Centre (VIAC) has recorded the increased risk of disputes arising from the sophistication of renewable projects, possibly resulting in dispute across several business activities, Vietnam […]
India taking various measures to encourage energy transition: BEE DG Abhay Bakre – EQ Mag
BEE, under the ministry of power, promotes the use of energy-efficient processes, equipment, devices and systems. It takes various steps to encourage processes, equipment, devices and systems. It takes various steps to encourage preferential treatment for the use of energy-efficient equipment or appliances. New Delhi : As part of its net zero commitments, India is […]
Element Resources’ green hydrogen production facility fuels the energy transition – EQ Mag
The State of California is effectively mandating the conversion of its entire vehicle fleet, personal and commercial, to Zero Emission Status (ZEV) over the next few years. In response, Element Resources, a California-focused green hydrogen development company, is advancing hydrogen production facilities located in major prospective demand centres such as ports, warehouse districts, and major […]
Diversified & circular renewable energy and critical mineral supply chains will play a critical role in India’s energy transition: Shri B. S. Bhalla, Secretary, MNRE – EQ Mag
Diversification of supply chains to generate green jobs: Shri Alok Kumar, Secretary, Ministry of Power Government working to make India secure in critical minerals: Shri Vivek Bharadwaj, Secretary, Ministry of Mines As part of the second Energy Transition Working Group meeting of India’s G20 Presidency, the Ministry of New and Renewable Energy, the Ministry of […]
India needs estimated $900 billion for just energy transition: iFOREST – EQ Mag
iFOREST said a framework for the just transition at the national and state levels is essential for India’s goals of net zero emissions by 2070 and energy independence by 2047 India needs an estimated $900 billion for a just energy transition vis-a-vis coal mines and thermal power plants over the next 30 years, a report […]
Climate Policy Initiative and Power Foundation Sign Memorandum of Understanding to work together on supporting and building institutional capacities for India’s Energy Transition along a Just and Sustainable economic growth path – EQ Mag
As per updated nationally determined contributions (NDC), reflecting India’s roadmap for a low greenhouse gas emission and climate resilient development pathway, the country has an enhanced target to reduce emissions intensity of its GDP by 45% by 2030 from 2005 levels, and achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources […]
Power minister says global energy transition discourse needs to move together with energy security – EQ Mag
The First G-20 Energy Transition Working Group meeting was inaugurated in Bengaluru, in the presence of Union Minister of Power and New and Renewable Energy R K Singh and Union Minister of Parliamentary Affairs, Coal and Mines Prahlad Joshi. The first G-20 Energy Transition Working Group meeting under India’s Presidency is held in Bengaluru from […]
Capex for energy transition to have multiplier effect on green sectors: Power players – EQ Mag
New Delhi : The Rs 35,000-crore capex allocation for energy transition announced in the Union Budget will have multiplier effect in areas like green fuel, green energy, green farming, and green mobility, among others, power sector players said. Finance minister Nirmala Sitharaman tabled the Union Budget for 2023-24 in Parliament on Wednesday. “Allotment of Rs […]