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Centre likely to launch ₹1,000 cr incentive scheme for energy efficiency in SMEs next month – EQ

In Short : The Indian government is set to launch a ₹1,000 crore incentive scheme next month aimed at promoting energy efficiency in Small and Medium Enterprises (SMEs). The initiative is designed to encourage SMEs to adopt energy-saving technologies and practices, helping reduce their carbon footprint and operating costs. The scheme is expected to enhance […]

India’s push for $1 trillion in climate finance to take centre stage at COP29 – EQ

In Short : India’s call for $1 trillion in climate finance will take center stage at COP29, as the country advocates for increased financial support to tackle climate change. The push focuses on securing funding for climate mitigation, adaptation, and technology transfer, particularly for developing nations. India’s stance aims to highlight the urgent need for […]

BII, Norfund, IndiGrid form a $300 mn business for greenfield transmission and BESS projects – EQ

In Short : British International Investment (BII), Norfund, and IndiGrid have formed a $300 million partnership to invest in greenfield transmission and Battery Energy Storage Systems (BESS) projects in India. The collaboration aims to support India’s transition to renewable energy by strengthening the grid infrastructure and improving energy storage capabilities. The initiative will enhance the […]

Odisha govt seeks central aid to add over 10,000 MW power storage capacity – EQ

In Short : The Odisha government has requested central assistance to develop over 10,000 MW of power storage capacity to support its growing energy demands and renewable energy integration. The proposed storage projects would help stabilize the state’s grid by storing excess renewable energy, particularly from solar and wind, for use during peak demand periods. […]

Global carbon dioxide emissions set to rise 0.8% over 2023, India’s contribution to go up 4.6% – EQ

In Short : Global carbon dioxide emissions are projected to rise by 0.8% in 2023, with India’s contribution increasing by 4.6%. This uptick is largely driven by higher energy demand and increased fossil fuel consumption in major economies. India’s rise in emissions is attributed to rapid economic growth, urbanization, and energy needs, despite efforts to […]

Exports of PV products skyrocket despite solar investment spree – EQ

In Short : Exports of photovoltaic (PV) products have surged dramatically, even as global investments in solar energy continue to rise. This growth highlights the increasing global demand for solar panels and related technologies, driven by a shift toward renewable energy. Despite the ongoing expansion of solar infrastructure worldwide, the robust export performance underscores the […]