In Short : Mumbai’s electricity demand has exceeded 4,000 MW, nearing its 2024 record, driven by intense heat and soaring cooling needs. Major utilities like Adani Electricity and Tata Power reported sharp rises in consumption. Efforts to boost renewable energy and expand capacity are underway, with projections indicating demand could cross 4,500 MW this summer, […]
In Short : In 2024, the Asian Development Bank (ADB) deployed nearly $40 billion to boost development across Asia and the Pacific. The funding supports climate action, infrastructure, health, education, and digital transformation. It also enhances private sector investment and regional cooperation, while aiding post-pandemic recovery and disaster resilience, reflecting ADB’s commitment to sustainable and […]
In Short : In 2024, India added 25.3 GW of solar module and 11.6 GW of cell manufacturing capacity, raising totals to 90.9 GW and 40.7 GW, respectively. This growth was fueled by strong demand and the return of the ALMM policy. Around 80% of new module lines support advanced M10 and G12 wafer technologies, […]
In Short : Global energy demand surged in 2024, growing nearly twice the recent average. Driven by economic recovery, industrial growth, extreme weather, and rising AI-driven power needs, demand spiked across fossil fuels and electricity. China, India, and data centers led the surge. The imbalance strained supply chains, increased prices, and raised carbon emissions, challenging […]
In Short : Global energy demand witnessed a sharp surge in 2024, growing nearly twice the recent average, driven by economic recovery, industrial expansion, and extreme weather events. Increased consumption of electricity, oil, and gas intensified supply challenges, highlighting the urgent need for accelerated renewable energy deployment and energy efficiency measures to balance rising demand […]
Oil and Natural Gas Corporation Limited (ONGC) is proud to announce its 2024 CDP thematic score for Climate, achieving a B- rating. This recognition underscores ONGC’s dedication to transparency in environmental, social, and governance (ESG) practices, reaffirming its position as a responsible energy leader. By strengthening its climate-related disclosures, ONGC continues to align with global […]
In Short : China set a new record for wind and solar power expansion in 2024, significantly boosting its renewable energy capacity. The country aggressively expanded its solar farms and wind projects, reinforcing its commitment to carbon neutrality. This rapid growth positions China as a global leader in clean energy, accelerating the transition away from […]