In Short : Mumbai’s electricity demand has exceeded 4,000 MW, nearing its 2024 record, driven by intense heat and soaring cooling needs. Major utilities like Adani Electricity and Tata Power reported sharp rises in consumption. Efforts to boost renewable energy and expand capacity are underway, with projections indicating demand could cross 4,500 MW this summer, […]
IRENA-The Powerful Role in Geopolitics is to Manage the Energy Transition – EQ
In Short : Managing the energy transition has become a powerful force in geopolitics, reshaping global alliances, trade patterns, and economic influence. Countries leading in clean energy technologies, critical minerals, and sustainable infrastructure are gaining strategic advantages. As nations compete to secure energy security and leadership in the green economy, managing this transition is now […]
Global renewables capacity additions increased by 10% last year: IRENA – EQ
In Short : Global renewable energy capacity grew by 9.6% in 2022, adding 295 GW to reach 3,372 GW, according to IRENA. Solar led with 192 GW added, followed by 75 GW in wind. However, to meet climate goals, capacity must exceed 11,000 GW by 2030—requiring annual additions of around 1,000 GW to align with […]
IRENA unveils partnership to accelerate renewable energy deployment in Central Asia – EQ
In Short : IRENA has launched a new partnership to accelerate renewable energy deployment in Central Asia. The initiative aims to enhance regional cooperation, support sustainable energy transitions, and boost the adoption of clean energy technologies. It focuses on increasing renewable energy capacity, improving energy access, and fostering investment in solar, wind, and other renewable […]
Renewables growth rate insufficient to meet 2030 target, Irena says – EQ
In Short : The International Renewable Energy Agency (Irena) reports that the current growth rate of renewables is inadequate to meet the 2030 target. Accelerated efforts and investments are needed to significantly boost renewable energy capacity and achieve global climate goals. In Detail : Capacity needs to grow by at least 16.4 per cent annually […]
Renewable energy transforming the landscape – EQ
In Short : “Renewable energy is reshaping the landscape, driving sustainable change and paving the way for a greener, more environmentally friendly future.” In Detail : Renewable energy, if supported by governments, can “truly change the landscape” in terms of achieving equitable access to affordable and clean energy, but only if they can move from […]
Renewable energy can truly change the landscape: IRENA – EQ
In Short – IRENA emphasizes the transformative potential of renewable energy, stating it can reshape the landscape of global energy. With its abundant resources and environmentally friendly nature, renewables offer a sustainable alternative to conventional fuels. IRENA’s statement underscores the pivotal role renewables play in mitigating climate change, fostering economic growth, and ensuring energy access […]
COP28, IRENA and Global Renewables Alliance outline roadmap at Pre-COP on fast-tracking the energy transition by tripling renewable power and doubling energy efficiency by 2030 – EQ
In Short : At the Pre-COP meeting, COP28, IRENA, and the Global Renewables Alliance unveiled a roadmap to accelerate the energy transition. The plan focuses on tripling renewable power and doubling energy efficiency by 2030. This ambitious strategy aims to swiftly reduce global carbon emissions and advance the shift to sustainable energy sources, underscoring the […]
Global renwable energy capacity addition needs to grow 3-fold annually by 2030: Report – EQ Mag
New Delhi : Renewable energy capacity addition needs to grow at over three times annually to keep within the reach the target of limiting global temperature increase to 1.5 degree Celsius, said a report by the International Renewable Energy Agency (IRENA). The World Energy Transitions Outlook (WETO) 2023 has called for annual renewable power additions […]
Investments in renewable energies must quadruple to meet climate target: IRENA – EQ Mag
BERLIN: Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
