Increased generation from renewables is not the only piece of the puzzle for achieving rapid green development. Efficiency in energy distribution and use has to increase dramatically. As the world gets dangerously warmer, and almost every country is setting targets for achieving “net zero” emission goals, developing nations face the additional challenge of lifting the […]
Energy majors go slow on green transition despite pressure – EQ Mag
Most oil majors are stepping up investments in green energy but they are facing a barrage of recriminations and protests from activists for their refusal to completely forsake fossil fuels. Campaigners again used a series of shareholder meetings in the past month to make their anger known and push energy firms to do more to […]
Pro-nuclear countries pitch atomic role in Europe’s green transition – EQ Mag
PARIS : Pro-nuclear countries made the case the energy form is central to Europe’s transition to a low carbon economy on Tuesday, against a background of deep disagreements in the European Union over its role in meeting climate commitments. Long-standing divisions over nuclear energy in the 27-member bloc deepened this year after countries clashed over […]
Budget 2023: Accelerating Green Transition through the National Green Hydrogen Mission – EQ Mag
India’s National Green Hydrogen Mission is a government initiative aimed at promoting the use of hydrogen as a clean and renewable energy source in the country, and it has just received INR 19,700 crore rupees as a part of the national budget 2023. This is to help facilitate the transition of the economy to low […]
COP27: EIB announces new support for Egypt’s own green transition – EQ Mag
The European Investment Bank (EIB) and the EIB Group as a whole has been working closely with the Egyptian Presidency of COP27 to offer its support both as chair of the world’s Multilateral Banks and to do its part to make sure that this COP is – as the Egyptian Presidency put it – a […]
Green transition in India not fast enough, experts – EQ Mag Pro
New Delhi : India has been taking steps to curb air pollution but the transition to a green economy is not fast enough, experts said on Wednesday, calling on the government to adopt a proactive approach to reduce emissions. The comments came a day after a study by a US-based research institute said that the […]
REPowerEU: A plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition: European Commission – EQ Mag Pro
The European Commission has today presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European […]
South Africa’s green transition to cost over $64 billion by 2030 – EQ Mag Pro
JOHANNESBURG : South Africa’s efforts to wean itself off coal and focus on renewables, battery storage, electric vehicles and setting up a green hydrogen economy would require funding of over a trillion rand ($63.70 billion) by 2030, a top government official said on Tuesday. In November, the United States, Britain, France, Germany and the European […]
HSBC, Tata, Macquarie urge govts to get more involved in green transition – EQ Mag Pro
The CEO of financial conglomerate and the world’s largest infrastructure investor Macquarie, which plans to step up green energy investments, urged governments to provide more incentives. Tata Sons is working with Macquarie on the Climate Finance Leadership Initiative in India in partnership with Bloomberg The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Australia’s […]
