Tags: renewables

Energy Leaders Outline Next Decade Priorities for Net Zero Carbon Economy

In a report published by Energy Transitions Commission, a coalition of 45 leaders from global energy producers, energy-intensive industries, financial institutions and environmental advocates argued that the world can and must achieve net zero greenhouse gas emissions by mid-century. Energy leader including Arcelor Mittal, Bank of America, BP, Development Research Center of the State Council […]

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Watch: Google CEO talks about company’s plan for carbon-free future

Wind, solar and other renewable sources accounted for 61% of Google’s global hourly electricity usage last year. The proportion varied by facility, with carbon-free sources fulfilling 96% of hourly power needs at Google’s wind-swept Oklahoma data center. Sundar Pichai, CEO of Google and Alphabet in this video talks about company’s plan for carbon-free future, power […]

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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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Deep decarbonization of world’s energy system still 15 years away: DNV GL

According to a new forecast of the energy transition by DNV GL -deep decarbonization of the world’s energy system is still 15 years away, with carbon emissions set to remain stubbornly high until the mid-2030s. Decarbonization is rising rapidly up the agenda of industry and governments, but not at the pace or depth required to […]

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LoUs could be used as bank guarantees in renewable tenders

In a major relief to the renewable energy sector amid Covid times, the Centre has exempted project developers from making earnest money deposits (EMD) to bag contracts from government agencies. Accordingly, letters of undertaking (LoUs) secured from three state-owned non-banking financial institutions – Power Finance Corporation, REC and IREDA – could be used as bank […]

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Boost for renewable energy: RBI issues revised priority sector lending guidelines

The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas and increase lending to small and marginal farmers besides weaker sections. In addition, the initiative will boost credit to renewable energy and health infrastructure. The RBI said bank finance to start-ups […]

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Great opportunity in Rajasthan for domestic manufacturing in energy sector: FICCI

Rajasthan is home to most of the conventional and non-conventional sources of energy generation. The government of India has released its roadmap to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power. The Union government is preparing a ‘rent a roof’ policy […]

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Atmanirbhar Bharat can get boost only with Innovations in renewable energy: Piyush Goyal

Piyush Goyal, Minister of Railways and Commerce & Industry at the launch of ‘Powering Livelihoods’, an initiative by CEEW and Villgro Innovations Foundation said  Atmanirbhar Bharat can get boost only with Innovations in renewable energy: The minister echoing government’s vision of Atmanirbhar Bharat, stated that India should contend for a leadership role in global renewable […]

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