Introduction As societies around the world make concerted moves to reconstruct and recover in the wake of COVID-19, the climate emergency remains front and centre for policymakers, business leaders, and investors. The impact of climate change on the environment has been dubbed the ‘ultimate negative externality’[1] for humanity: a harmful development which may adversely impact communities, […]
Prime Minister to inaugurate REINVEST- 2020 on 26 November 2020
In India during the last 6 years, over Rs 4.7 lakh crore were invested and India has become a favoured destination for investment in renewables: Shri R.K.Singh Prime Minister Shri Narendra Modi will inaugurate the virtual 3rd Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020), on 26 November 2020. The Secretary of State for Business, Energy […]
Global debt to hit record $277 trln by year-end on pandemic spending splurge:IIF
Developed markets’ overall debt jumped to 432% of GDP in the third quarter, from a ratio of about 380% at the end of 2019. Emerging market debt-to-GDP hit nearly 250% in the third quarter, with China reaching 335%, and for the year the ratio is expected to reach about 365% of global GDP. NEW YORK: […]
Greenpeace India writes to NITI Aayog on post-COVID green recovery plans
Govt needs to support rooftop solar and other forms of decentralized renewable energy solutions that reduce the demand for coal-based electricity, it recommended. New Delhi: Environment think tank Greenpeace India on Tuesday sent to the NITI Aayog a plan to help build a climate-proof, equal, sustainable and resilient India as it emerges from the COVID-19 […]
G20 Climate Report Directs India to Limit Its Carbon Emissions
As the world’s leading economies are directing trillions of dollars towards COVID-19 recovery packages, a significant proportion is going to fossil fuel industries without climate-related conditions, risking clean energy opportunities in the coming decade, a G20 climate performance report said on Wednesday. India, it said, is not on track for a 1.5 degrees Celsius […]
Renewables Buoy RWE and EDF as Clean Energy Outlook Brightens
RWE forecasts 10 gigawatts of cumulative renewables deployments by the end of 2020; EDF has nearly 40 GW of wind and solar in its pipeline. Two of Europe’s major utilities have demonstrated the signs of a post-coronavirus lockdown recovery, highlighted by growing renewables capacities. EDF and RWE both reported their Q3 results at the end […]
Saudi Arabia’s Red Sea signs utilities deal with ACWA Power led consortium
The multi-billion dollar project will entail developing luxury resorts on 22 islands off the coral-fringed Red Sea coast and six inland sites, covering an area of 28,000 square kms, the size of Belgium. DUBAI: The Red Sea Development Co (TRSDC) said on Monday it has awarded a contract to build and operate renewable power-based utilities […]
India can push up renewable energy the most after COVID-19: IEA
The agency expects India to double its green energy capacity addition next year from 2020 levels Renewable energy has been one sector that has been resilient amid economic shock generated due to the novel coronavirus disease (COVID-19) pandemic; and India is expected to gain handsomely. The country may contribute the most towards pushing the sector […]
POWERGRID posts Profit After Tax (PAT) of ₹3,117 crore for Q2FY21;Total Income rises by 8% to ₹ 9,890 crore
New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI and the ‘Central Transmission Utility (CTU)’ of the country, has posted a PAT of ₹ 3,094 crore and Total Income of ₹ 9,831 crore on consolidated basis for Q2FY21. On standalone basis, the Company posted PAT and […]
Global Landscape of Renewable Energy Finance 2020
While global investments in renewable energy have risen steadily in recent years, they remain far below the levels required to put the world on course for a climate-safe future. This report, co-developed by CPI and the International Renewable Energy Agency (IRENA), provides actionable recommendations for policy makers and other stakeholders to scale up investment and […]