In Short : The World Bank Group and IMF are intensifying their collaboration to enhance climate action, aiming to address global climate challenges and promote sustainable development. In Detail : WASHINGTON : The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation through an enhanced framework to help countries scale […]
Developing Economies Will Need $1 Trillion In Renewable Energy Sector To Achieve Net-Zero Target: IMF – EQ Mag Pro
Observing that emerging markets and developing economies account for two-thirds of global greenhouse gas emissions and many are highly vulnerable to climate hazards, the International Monetary Fund said these developing economies would need significant climate financing in the coming years to reduce their emissions and to adapt to the physical effects of climate change. The […]
IMF Welcomes India’s Announcement On Increasing Renewable Energy Reliance, 2070 Net Zero Target At COP26 – EQ Mag Pro
Washington : The IMF has welcomed India’s announcement at the COP26 summit on new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt a net zero target by 2070. Gerry Rice, Director, Communication Department at the International Monetary Fund (IMF), said India’s actions may help catalyse action […]
Webinar: ‘How to Generate Carbon Credits From RE & Other Types of Projects’
EQ presented a webinar on How to Generate Carbon Credits From RE & Other Types of Projects on May 20, 2021. The speakers discussed carbon credits, energy efficient cookstoves integrated waste management and nature based solutions. Manish Dabkara, CMD & CEO – EnKing International (EKI Energy Services Ltd.) participated as moderator. The other speakers were […]
5 Ways the World Bank’s Climate Action Plan Could Go Further
The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and inequality, while draining governments resources. Meanwhile, the impacts of climate change are starting to be felt on a broad scale, resulting in the loss of homes, crops […]
Figures of the Week: Africa’s Renewable Energy Potential
In a recent article from the International Monetary Fund’s quarterly publication Finance and Development, researchers explore how scientific advances in renewable energy technology, its falling costs, and the continent’s geography can contribute to renewable energy becoming a prominent, affordable, and competitive source of electricity in Africa. Indeed, while access to electricity in sub-Saharan Africa is […]
