While the world is marching towards green solutions to combat the climate crisis, India, too, is on the lookout for phasing down fossil fuel and expanding cleaner energy sources. From electric vehicles to solar cells, India is doubling down for ‘green’ and renewable energy sources to reduce its dependence on carbon-intensive sources like coal. The […]
GLOBAL INVESTMENT IN LOW-CARBON ENERGY TRANSITION HIT $755 BILLION IN 2021 – EQ Mag Pro
BloombergNEF’s annual investment report records a 27% rise from 2020 to 2021, with almost half of all investment occurring in Asia London, January 27, 2022 – Global investment in the energy transition totaled $755 billion in 2021 – a new record – off the back of rising climate ambition and policy action from countries around […]
Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro
Major step in supporting the sustainability of Essar Oil (UK) Limited Stanlow: Essar today announced that it has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to […]
EMERGING MARKET CLEAN ENERGY INVESTMENT SLID AS COVID-19 SPREAD – EQ Mag Pro
Investor support for the energy transition surged in 2020, but capital flows to less developed countries slowed as the pandemic raged on London, December 14, 2021 – Despite a record-breaking year for energy transition investment in 2020, investors poured $67 billion fewer dollars into clean energy in emerging markets than they did into wealthier countries, […]
Roadmap for Sustainable Business Management – EQ Mag Pro
KPMG ENRich 2021 Report highlighted the urgency of actions against climate change by the corporates and the need energy transition In an attempt to curb climate change, there is an urgent need for a global approach towards tackling this crisis. Whilst efforts at policy level are done by many governments, a report by KPMG, India […]
Germany’s New Coalition Unveils Plan to Green Economy Faster – EQ Mag Pro
Germany’s new coalition government stepped up efforts to slash greenhouse gas emissions with a faster coal exit, more renewables and a new carbon price floor. The incoming government agreed that Europe’s powerhouse economy will stop burning coal for electricity by 2030, eight years earlier than planned, according to a coalition agreement document. Rapid expansion of […]
ADB, Indonesia, the Philippines Launch Partnership to Set Up Energy Transition Mechanism – EQ Mag Pro
GLASGOW, UNITED KINGDOM : Asian Development Bank (ADB) President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani Indrawati, and Philippine Finance Secretary Carlos G. Dominguez announced today at COP26 the launch of a new partnership to establish an Energy Transition Mechanism (ETM) in Indonesia and the Philippines. The ETM Southeast Asia Partnership is the first of […]
International Solar Alliance partners with newly launched Global Energy Alliance for People and Planet (GEAPP) to accelerate energy transition – EQ Mag Pro
ISA to partner with GEAPP, helping unlock USD 100 billion in public and private financing, to deliver on fast-tracking clean energy solutions in Africa, Asia, and Latin America. Glasgow, November 03, 2021: At COP26, the International Solar Alliance (ISA) and The Global Energy Alliance for People and Planet (GEAPP) announced a partnership for accelerating energy […]
Clean Hydrogen Emerging As Major Player In Energy Transition – EQ Mag Pro
In the search for low-carbon alternatives to natural gas, clean hydrogen is increasingly being seen as a key part of the solution. Using clean hydrogen as a main fuel source in industry would go a long way towards reducing our large carbon footprint. Clean hydrogen has many desirable attributes: it has a very high energy […]
Repsol raises low-carbon targets to speed up energy transition – EQ Mag Pro
Repsol said it now plans to have installed wind, solar and hydro plants with a combined capacity of 20 gigawatts (GW) by 2030, up from its previous target of 12.7 GW MADRID: Spain’s Repsol has hiked its 2030 capacity target for renewable energy generation by 60% and made a new pledge on cutting emissions from […]