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 […]
COP28, IRENA and Global Renewables Alliance outline roadmap at Pre-COP on fast-tracking the energy transition by tripling renewable power and doubling energy efficiency by 2030 – EQ
In Short : At the Pre-COP meeting, COP28, IRENA, and the Global Renewables Alliance unveiled a roadmap to accelerate the energy transition. The plan focuses on tripling renewable power and doubling energy efficiency by 2030. This ambitious strategy aims to swiftly reduce global carbon emissions and advance the shift to sustainable energy sources, underscoring the […]
India has emerged as a leader in energy transition: Union Power Minister R K Singh – EQ
Hyderabad : Union Power Minister R K Singh said on Thursday that India has emerged as a leader in energy transition. He was speaking to reporters here after a meeting of a parliamentary consultative committee. He said all nations have decided that they will reduce their emissions and make their power generation capacity as much […]
After solar alliance India makes case for biofuels grouping to support energy transition PM Modi – EQ
New Delhi : India’s proposal for a global alliance on biofuels among members of the Group of 20 major economies will help accelerate sustainable biofuels deployment in support of the global energy transition, Prime Minister Narendra Modi has said. The biofuels alliance, which the world’s third biggest oil consumer wants to push during its G20 […]
A lender has stated that India’s energy transition is expected to surpass $200 billion per year – EQ Mag
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 […]
