Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide: IRENA

According to the latest figures released by the International Renewable Energy Agency (IRENA),  Renewable energy continues to bring socioeconomic benefits by creating numerous jobs worldwide. The seventh edition of Renewable Energy and Jobs – Annual Review shows that renewable energy jobs in the sector reached 11.5 million globally last year, led by solar PV with some 3.8 […]

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COVID-19 will permanently reduce global energy demand, buys time to reach Paris climate goals

The behavioural and economic ramifications of COVID 19 will permanently reduce global energy demand, according to DNV GL’s newly published Energy Transition Outlook. Compared to the pre-pandemic forecast, energy demand will be lowered 6-8% each year to the middle of the century. COVID-19 has prompted major behavioural shifts important to energy consumption, as demonstrated by […]

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Global investment in new renewables capacity rose 5% in 1H 2020: BNEF

Renewable energy capacity investment showed great resilience in the first half of 2020, in the face of the unprecedented economic shock caused by the coronavirus, according to the latest figures from research company BloombergNEF (BNEF). The data, drawn from BNEF’s world-leading database of deals and projects, show that one sub-sector of renewables – offshore wind […]

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Sharp spurt in clean energy innovation needed to reach climate goals: IEA

According to a report released by the International Energy Agency (IEA)–a major acceleration in clean energy innovation is needed for the countries and companies around the world to fulfil their pledges to bring their carbon emissions down to net-zero in the coming decades,. The report assesses the ways in which clean energy innovation can be […]

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Post COVID 19 Clean Energy can Support India’s Economic Recovery: Report

NITI Aayog and Rocky Mountain Institute (RMI) in its new report identify how COVID-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors. The report recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy. COVID-19 […]

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US offshore wind power sector could deliver up to 25GW in 2029: Wood Mackenzie

The US offshore wind industry is set to power up over the coming decade. New research from Wood Mackenzie shows that as the sector ramps up from near-zero today, it could deliver as much as 25 gigawatts (GW) in 2029, capturing almost half of the US market for new wind power installations. However, a number […]

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Renewable energy sector to bounce back quickly despite COVID 19 impact: EY

Despite the global slowdown caused by COVID-19, the renewable energy sector is expected to bounce back quickly as the long-term drivers for investment remain strong, according to the 55th EY Renewable Energy Country Attractiveness Index (RECAI). The latest index considers the potential impact of the pandemic, looking at the resiliency of countries in both health and economic terms. […]

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COVID 19 Effect: Power generation from renewables remain unaffected while thermal suffered says Ind-Ra

COVID-19 led lockdown the all-India energy demand in March this year decreased 8.9% yoy to 98.8 billion units (BU) while energy supply decreased 9.2% yoy, resulting in the energy deficit remaining at 0.4% (March 2019: 0.4%), noted India Ratings and Research in its new report. Despite a reduction in power demand in March 2020, the […]

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Subsidies to renewables drop 35 percent, next months to define future trends in energy sector: Report

India’s renewable energy subsidies fell 35% from FY17 to FY19, while its oil and gas subsidies increased by 65% according to a new study entitled Mapping India’s Energy Subsidies 2020, released by the International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW). How the government tackles the COVID-19 crisis and economic […]

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Sales of renewable energy certificates up over 79 per cent in March

Sales of renewable energy certificates(REC) rose over 79 per cent to 8.38 lakh units in March compared to 4.68 lakh in the same month a year ago owing to good supply, according to official data. Renewable Energy Certificates (RECs) are a type of market-based instrument. One REC is created when one megawatt hour of electricity […]

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