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 […]
Renewables growth did not dent fossil fuel dominance in 2022-Statistical Review – EQ Mag
LONDON : Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday. Last year was marked by turmoil in the energy markets after Russia’s invasion of Ukraine, […]
India’s electricity shortage erased by renewables growth – EQ Mag
LONDON : India’s electricity transmission system passed the difficult post-monsoon period this year with far less stress than in 2021, following a major effort to improve coal stocks and a big expansion of renewable generation capacity. There was no repeat of the widespread blackouts which plagued many parts of the country in late September and […]
German climate plan envisages more investment, renewables growth
BERLIN : Investment by German industry should rise by an extra 9.3 billion euros ($10.19 billion) to 2030 under the government’s climate plan, boosting total economic output by half a percentage point, according to a draft seen by Reuters on Thursday. The plan, implementing the landmark climate deal reached by coalition parties last week, envisages […]
Renewables growth: India seeks $5-bn bids in transmission lines
New Delhi: India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the country’s grid by 2022, the secretary at the ministry of renewable energy said. India, the world’s third-largest emitter of greenhouse gases, has pledged to cut emissions […]