The European Union is a global leader in green innovation and even more so in innovation that is both green and digital. The COVID-19 crisis is putting the investment needed to drive the green and digital transformation at risk. EU investment in climate change mitigation is well behind that of China, but ahead of the […]
COVID-19 green recovery plans driving credit divergence across Asia-Pacific: Moody’s
While it would create credit challenges for oil refiners and operators of captive coal power plants, it added New Delhi: COVID-19 green recovery plans will help drive credit divergence in the Asia-Pacific region leading to increased focus on environmental, social and governance factors, according to a report by Moody’s Investor Service released on Wednesday.While it […]
Nepal’s roadmap for green recovery from Covid-19
Green recovery with social harmony and cohesion can be a utopian concept unless existing structural inequalities are addressed at the same time. Nepal recently restated its commitment to green growth and recovery during Climate Ambition Summit and on the same day the Government of Nepal and Development Partners(DPs) agreed in a joint statement to work […]
SUSTAINABLE DEBT BREAKS ANNUAL RECORD DESPITE COVID-19 CHALLENGES
Total sustainable debt issuance in 2020 was $732 billion, with social and sustainability bonds enjoying spectacular growth, and green bonds seeing a late-year surge London and New York: Sustainable debt hit a new record in 2020 for greatest volume of issuance in a year, at $732.1 billion across bond and loan varieties raised with environmental […]
Malaysia’s RE industry on right track
CLEAN energy solutions company, Plus Solar Systems Sdn Bhd, believes that government policies, digitalisation and smart grid initiatives will act as growth catalysts in the Malaysian renewable energy (RE) industry. Plus Solar CEO and co-founder Ko Chuan Zhen Ko said the government has recognised solar energy generation as a key contributor towards the national 20% […]
Govt of India’s UJALA and SLNP completes six years of Illuminating India efficiently
The 2 Programs revamp household and public lighting systems across the country – Power Minister Shri R. K. Singh EESL distributes 36.69 crore LED bulbs, Installs 1.14 crore LED streetlights under UJALA; Results in cumulative energy savings of 55.32 billion kWh per year EESL installs about 1.14 crore LED streetlights under SLNP; Results in estimated […]
‘Growing momentum’ to make 2021 the global action year for sustainable energy
In a bid of optimism for the new year, the UN Development Programme (UNDP) expressed confidence that clean energy would grow in 2021. Despite that the world is not on track to meet climate objectives and achieve Sustainable Development Goal 7 (SDG7) for universal access to clean, affordable and reliable energy, Marcel Alers, UNDP Head […]
6 Out-of-the-Ordinary Energy Concepts From 2020
Even COVID-19 didn’t lock down the ingenuity of energy entrepreneurs this year. It’s been a remarkably business-as-usual year for renewables, despite the societal upheaval wrought by the coronavirus pandemic. Most of our headlines this year have still been about conventional renewable segments such as solar and energy storage. On the margins, virtual power plants have […]
Despite lockdown, TN to attract Rs 66k cr investments; RE, E-mobility in focus
The state attracted investments in areas like electric mobility, renewable energy and automotive from Ola Electric, Stuttgart-based Daimler and Adani Group among others. Chennai: Stung by the COVID-19 induced lockdown in 2020 that severely impacted many businesses, Tamil Nadu however, sought to bounce back with mega ticket deals in various sectors later, seeking to live […]
Nestlé’s €3.58bn plan to halve carbon emissions by 2030 suggests overall industry shift
According to Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company: “Nestlé’s ambitious plans reveal how pervasive environmental issues have become in the corporate and consumer world. In fact, GlobalData’s most recent surveys suggest that the COVID-19 pandemic has actually increased the priority of sustainability and ethics in global attitudes, meaning that […]