As per updated nationally determined contributions (NDC), reflecting India’s roadmap for a low greenhouse gas emission and climate resilient development pathway, the country has an enhanced target to reduce emissions intensity of its GDP by 45% by 2030 from 2005 levels, and achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources […]
Power minister says global energy transition discourse needs to move together with energy security – EQ Mag
The First G-20 Energy Transition Working Group meeting was inaugurated in Bengaluru, in the presence of Union Minister of Power and New and Renewable Energy R K Singh and Union Minister of Parliamentary Affairs, Coal and Mines Prahlad Joshi. The first G-20 Energy Transition Working Group meeting under India’s Presidency is held in Bengaluru from […]
Capex for energy transition to have multiplier effect on green sectors: Power players – EQ Mag
New Delhi : The Rs 35,000-crore capex allocation for energy transition announced in the Union Budget will have multiplier effect in areas like green fuel, green energy, green farming, and green mobility, among others, power sector players said. Finance minister Nirmala Sitharaman tabled the Union Budget for 2023-24 in Parliament on Wednesday. “Allotment of Rs […]
Union Budget 2023 Highlights – EQ Mag
Key Announcements Made By FM Nirmala Sitharaman ‘The Union Budget 2023-24 adopts seven priorities that “complement each other and act as the ‘ Saptarishi’ guiding us through the Amrit Kaal”. Green growth is one of the key priorities of the government. While stating the vision and mission for ‘green growth’, the minister said, “Hon’ble Prime […]
Budget 2023: A prescription for India’s energy transition – EQ Mag
It’s time to consider some of the green goals that one can anticipate from Finance Minister Nirmala Sitharaman to support the Prime Minister’s announcement at COP 26 in the 2023 Union Budget With just over two weeks to go before the announcement of the 2023 Union Budget, it is time to reflect on what would […]
Opinion: Model no more? Turkey’s energy transition reversed in 2022: Maguire – EQ Mag
LITTLETON : As Europe’s fastest-growing energy consumer since 2010, and a ratifier of the Paris agreement to cap emissions, Turkey is viewed as a critical energy transition test case seeking to retool its power system while sustaining economic growth. With a population of 85 million and a major manufacturing base on the doorstep to Europe, […]
India progressing fast on energy transition – EQ Mag
New Delhi : As the entire world is trying hard to find solutions to mitigate climate change, India is putting its plans together faster to conserve energy and move towards alternative ones. “India is the front-runner in mitigating climate change globally and is progressing fast on its energy transition agenda. Today’s event marks the extent […]
Sustainability must be at forefront of energy transition: ReNew Power chief – EQ Mag
“I’m sure that sustainability will come to the forefront in the longer term as people have not forgotten that aspect,” Sinha said Energy security may be driving the transition towards new sources at present in the developed world, but sustainability should be the key factor in the longer run, Indian renewables major ReNew Power’s chief […]
Toward a more orderly US energy transition: Six key action areas – EQ Mag
The US drive to decarbonize is at an inflection point. Critical actions could accelerate the transition while enhancing energy affordability and supporting inclusive economic growth. The passage of the Inflation Reduction Act (IRA)—as well as the commitments made by the federal government to cut greenhouse-gas (GHG) emissions by 50 to 52 percent by 2030 and […]
Madhya Pradesh aims to play a big role in India’s energy transition – EQ Mag
As India strives to be a key player in clean energy generation, Madhya Pradesh aims to transform into a major destination of renewable energy generation by using its rich natural source base. To explore possibilities and utilise existing opportunities, the state will organise its 7th edition of Madhya Pradesh Global Investors Summit 2023 on 11 […]