Climate

To Meet Targets, Wind Power Needs To Grow 3 Times By 2030: Report

A latest report from EMBER studied global renewable capacity and found that, based on current national targets, it’s set to increase by 7.3 TW by 2030. It anticipates that, based on the current national target, the renewable energy capacity is set to increase by 2.1x until 2030. The report on ‘Tracking National Ambition Towards a […]

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Blending Finance Is Key to India’s Net Zero Pathway: IFC Report

A latest report by the International Financial Corporation (IFC) on Blended finance describes finance as a key element in supporting India’s energy transition. The report said that the blended finance can drive more private capital to high-impact climate projects, says an IFC report. The report, Blended Finance for Climate Investments in India, highlights blended concessional […]

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Countries Need More New RE Power To Achieve Global Climate Targets: Study   

A new analysis from Climate Analytics claimed that the world would need more new wind and solar power installations to limit global warming to 1.5°C. Climate Analytics is a global science and policy institute. The analysis said that the globe would need to add renewables up to five times faster by 2030 at a rate of 1.5 […]

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RBI Releases Guidelines To Banks For Acceptance Of Green Deposits

The Reserve Bank of India (RBI) has issued a dedicated set of guidelines to the Indian banks and Non-Banking Financial Institutions (NBFCs) for accepting green deposits effective June 1, 2023. The move will likely boost the country’s financing of renewable energy projects. As per the mandate of the RBI, the financial institutions will extend the […]

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US and Germany Set Offshore Wind Target Of 30 GW By 2030

Close on the heels of the G7 meeting in Berlin, German and US officials last week inked a joint declaration on how to walk together in the area of climate and energy, after forming four working groups earlier this year in preparation for the partnership, two of which are specifically dedicated to offshore wind and […]

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NITI Aayog to release State Energy & Climate Index today

The NITI Aayog will release on April 11 a ‘State Energy and Climate Index’ that will be useful for the states and UTs to plan better policies and efficiently manage their energy resources in view of the changing climate. “The index can be used by the states and UTs to benchmark their performance against their […]

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New EU Rules On Energy Projects Focus on Flexibility, Climate Change

The European Commission has endorsed the new Climate, Environmental Protection and Energy State Aid Guidelines (CEEAG).  to ensure that its state aid rules play their full role in supporting the European Green Deal, according to a recent announcement. Back in February, the European Commission (the executive branch of the European Union) organised a conference about how […]

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IRENA and UNFCCC Join Forces to Accelerate RE as Climate Solution

IRENA and UNFCCC are jointly ramping up efforts to fight climate change by promoting the widespread adoption and sustainable use of renewable energy. The International Renewable Energy Agency (IRENA) and UN Climate Change (UNFCCC) are jointly ramping up efforts to fight climate change by promoting the widespread adoption and sustainable use of renewable energy. The […]

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AfDB Okays $1.5 Mn Grant for Nigeria’s On-Grid IPP Solar Procurement Program

This program will assist the Nigerian government to achieve its national goal of reaching 75 percent electricity access by 2020 and electrifying unserved and underserved areas. The African Development Bank (AfDB) board has approved the USD 1.5 million grant to support the Nigerian Government’s implementation of phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) solar […]

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