New policies to classify green investments would help spur an energy transition in India that’s likely to need spending of $200 billion a year, according to REC Ltd., a key lender to the nation’s power sector. The company, controlled by state-run peer Power Finance Corp., is aiming to increase its own exposure to renewable energy […]
India’s power minister accuses west of hypocrisy over energy transition – EQ Mag
Official says foreign subsidies are undermining renewable industries ahead of Modi’s US state visit US and European efforts to subsidise domestic renewable energy industries are tantamount to western “protectionism” and will hold back developing countries’ climate ambitions, India’s power minister has warned. Raj Kumar Singh, India’s minister for power and renewable energy, said measures such […]
Hydrogen Is Ramping Up In The Energy Transition, But It May Be Oversold – EQ Mag
What we knew before. The following aspects of hydrogen have been explored before. Rystad Energy predicted two years ago that liquid hydrogen will find a place at the 2050 table but only account for 7% of the total clean energy needed. This 7% is a clean-fuel niche for hard-to-abate aviation, ocean vessels, and cement and […]
EU risks losing energy transition race, Volvo and Vattenfall warn – EQ Mag
BRUSSELS : Europe risks being left behind on green energy innovation and investment if various pieces of legislation are not aligned and simplified, the CEOs of Volvo Group and Vattenfall said. Sweden’s state-owned Vattenfall is a major producer of solar, wind and hydropower as well as nuclear and on Tuesday it agreed a 10-year wind […]
Energy transition in European Union is irreversible: Report – EQ Mag
The potential benefits can turn into reality if governments implement the laws to reach a net emission reduction of at least 55 per cent by 2030 NEW DELHI : A new report by Strategic Perspectives on Tuesday described the potential socio-economic effects of achieving the European Union’s climate target for 2030. The potential benefits can […]
Vietnam sees disputes arising from energy transition – EQ Mag
Hanoi : Vietnam’s transition towards cleaner forms of energy has brought a greater risk of disputes distinctive to renewable energy projects, state media reported on Friday. The Vietnam International Arbitration Centre (VIAC) has recorded the increased risk of disputes arising from the sophistication of renewable projects, possibly resulting in dispute across several business activities, Vietnam […]
India taking various measures to encourage energy transition: BEE DG Abhay Bakre – EQ Mag
BEE, under the ministry of power, promotes the use of energy-efficient processes, equipment, devices and systems. It takes various steps to encourage processes, equipment, devices and systems. It takes various steps to encourage preferential treatment for the use of energy-efficient equipment or appliances. New Delhi : As part of its net zero commitments, India is […]
Element Resources’ green hydrogen production facility fuels the energy transition – EQ Mag
The State of California is effectively mandating the conversion of its entire vehicle fleet, personal and commercial, to Zero Emission Status (ZEV) over the next few years. In response, Element Resources, a California-focused green hydrogen development company, is advancing hydrogen production facilities located in major prospective demand centres such as ports, warehouse districts, and major […]
Diversified & circular renewable energy and critical mineral supply chains will play a critical role in India’s energy transition: Shri B. S. Bhalla, Secretary, MNRE – EQ Mag
Diversification of supply chains to generate green jobs: Shri Alok Kumar, Secretary, Ministry of Power Government working to make India secure in critical minerals: Shri Vivek Bharadwaj, Secretary, Ministry of Mines As part of the second Energy Transition Working Group meeting of India’s G20 Presidency, the Ministry of New and Renewable Energy, the Ministry of […]
India needs estimated $900 billion for just energy transition: iFOREST – EQ Mag
iFOREST said a framework for the just transition at the national and state levels is essential for India’s goals of net zero emissions by 2070 and energy independence by 2047 India needs an estimated $900 billion for a just energy transition vis-a-vis coal mines and thermal power plants over the next 30 years, a report […]
