This saw electric cars more than triple their market share in the European Economic Area (EEA), compared with the first half of last year, T&E said BRUSSELS : Electric vehicles made up 8 per cent of car sales in Europe in the first half of 2020, putting them on track to triple their market share […]
The EU Bank supports European regions and cities in their response to the Covid-19 crisis and for a green recovery
Amid the Covid-19 pandemic, the European Investment Bank (EIB) makes lending more flexible and faster for cities and regions in order to meet urgent financing needs New financing support to regions and cities announced for health sector, infrastructure, urban regeneration, SMEs and climate action and more to come In response to the coronavirus pandemic, the […]
EIB approves € 5.1 billion for COVID-19 resilience, clean energy, rail transport and urban development
EIB Group launches European Guarantee Fund COVID-19 business financing: € 2.6 billion EIB and EIF funding to mobilise € 11.3 billion investment € 1.9 billion for COVID-19 health, medical and economic resilience € 2.1 billion for private sector investment with global financing partners € 1.3 billion for clean energy, energy efficiency and water investment The […]
Stanford economists win Nobel Prize for research on auctions
Professors Paul Milgrom and Robert B. Wilson have had their ideas applied to sales of everything from aircraft landing slots to fishing quotas. Two Stanford University academics who helped design the U.S. auction that allocates mobile-phone frequencies will share the 2020 Nobel Prize in economics. Paul Milgrom and Robert B. Wilson, who won’t be traveling […]
IEA nudges up 2020 gas demand forecast, but still sees record fall
The Paris-based agency said on Monday it now expected gas demand to drop by 3 per cent year-on-year, or 120 billion cubic metres (bcm), to 3,886 bcm OSLO: The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the […]
Massive power outage in Mumbai leaves trains stuck on tracks ; services resume partially
Railway services across city on the Western Railway and Central Railway came to a grinding halt at 1005 hrs as a result of the power outage, with both the networks blaming power cut from Tata Power (their power supplier) for it Mumbai: Train services came to a halt, homes and businesses were without electricity and […]
Green Finance Recovery Mechanisms Needed to Meet Infrastructure Financing Gap in Southeast Asia — ADB
MANILA, PHILIPPINES: A new book by the Asian Development Bank (ADB) urges policy makers in Southeast Asia to use green and innovative financing approaches to help catalyze the estimated $3.1 trillion investments required for climate-adjusted infrastructure in the region by 2030. These investments from both public and private sources would be critical to the region’s […]
India has opportunity to become global hub for solar PV manufacturing: Amitabh Kant
“Solar PV manufacturing is one of the strategic sectors announced by the government as part of the post-COVID-19 Aatmanirbhar Bharat recovery initiative. Efforts are underway to make India a global hub for solar PV manufacturing,” Kant said. Solar photovoltaic (PV) manufacturing is one of the strategic sectors announced by the government and India has the […]
UK’s Johnson to sink millions into wind power
Johnson is expected to make the pledge Tuesday in an address to the annual Conservative Party conference, which is being held online this year due to the COVID-19 pandemic LONDON: British Prime Minister Boris Johnson is set to pledge that every home in the country will be powered by offshore wind in a decade. Johnson […]
Share of Renewable Energy Rises to 26pc in Apr-Aug This Year: Official
Kolkata: The share of renewable energy in the country”s power mix has increased from 23 per cent to 26 per cent in April-August period this fiscal, a senior official said on Saturday. Green energy”s share increased at a time when the power sector witnessed sluggish demand due to the COVID-19 pandemic, he said. “The share […]