In Short : Budget 2024: India provides a significant policy boost to the energy transition and emission reduction efforts. Increased funding and supportive policies for renewable energy, such as solar and nuclear, aim to curb emissions and promote a sustainable and resilient energy sector. In Detail : In her budget speech on Tuesday, Sitharaman said […]
Will invest $100 bn in energy transition over next decade: Gautam Adani – EQ
In Short : Gautam Adani announces a $100 billion investment in energy transition over the next decade. This investment focuses on advancing renewable energy projects, green hydrogen, and related technologies to drive sustainable growth and reduce carbon emissions. In Detail : Besides building solar parks to produce electricity from sunlight and wind farms that do […]
India pivotal in COP28, policy catalyst significant in energy transition: Power Secy – EQ
In Short : “India plays a pivotal role in COP28, with policy catalysts significantly driving the energy transition,” states the Power Secretary, highlighting the nation’s leadership in shaping global climate action and advancing sustainable energy policies. In Detail : At the conference, the Power Secretary highlighted the complexity of managing energy transitions, stressing inclusive approaches. […]
E.ON announces additional billions of investments in the energy transition – EQ
E.ON increases planned investments across Europe from €33 billion to €42 billion for the years 2024 to 2028, focusing on energy networks and energy infrastructure solutions The company continues its successful growth path and surpasses forecast for the financial year 2023: Adjusted Group EBITDA increased to €9.4 billion, adjusted Group net income to €3.1 billion […]
“Energy transition is important, but not over affordability”, says Minister Hardeep Singh Puri – EQ
In Short : Minister Hardeep Singh Puri emphasizes the importance of the energy transition while also considering affordability. This statement suggests a balanced approach, recognizing the need for sustainable energy practices while ensuring that they remain economically viable for all stakeholders. In Detail : According to S&P Global Commodity Insights, Puri highlighted the challenge of […]
US, India share strong focus on energy transition, says US official – EQ
In Short : A U.S. official emphasizes a robust commitment to the energy transition shared between the United States and India. This alignment suggests a mutual dedication to advancing sustainable and clean energy practices, fostering collaboration in addressing global climate challenges, and promoting a transition towards a more environmentally conscious energy landscape. In Detail : […]
Trade barriers can slow energy transition: IEA chief – EQ
In Short : The Chief of the International Energy Agency (IEA) warns that trade barriers have the potential to impede the global energy transition. Such barriers could hinder the flow of clean energy technologies and impede collaborative efforts needed to address climate change. In Detail : Trade barriers can slow the world’s energy transition but […]
India to keep diversifying oil supply, accelerate energy transition – Oil Minister – EQ
In Short : India plans to continue diversifying its oil supply sources and accelerate its energy transition efforts. This strategic approach aligns with the country’s goals of enhancing energy security, promoting sustainability, and reducing dependency on traditional fossil fuels. In Detail : DAVOS, Switzerland : Supply cuts by OPEC+, costly shipments from some traditional Middle […]
ADB, GEAPP, and MAS to Establish Energy Transition Acceleration Finance Partnership in Asia – EQ
In Short : The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP), and MAS Financial Services Ltd are collaborating to establish the Energy Transition Acceleration Finance Partnership in Asia. This initiative underscores their joint commitment to financing and accelerating the transition towards sustainable and renewable energy sources in the region. In […]
India needs triple helix++ model of innovation to accelerate energy transition – EQ
In Short : India recognizes the need for a triple helix++ model of innovation to accelerate its energy transition. This model involves collaboration between government, industry, academia, and other stakeholders to drive innovation in the energy sector. By leveraging the expertise and resources of these different entities, India can expedite the development and adoption of […]