In Short : G20+ countries are crucial to meeting the global renewable energy target by 2030. As the world’s largest energy consumers, their commitment to sustainable practices and increased investment in clean technologies can drive significant carbon reductions. Collaborative efforts and policy alignment among these nations will accelerate the transition to renewable energy, shaping a […]
IRENA-The Success of Global Energy Transitions Starts with Early-Stage Project Financing – EQ
In Short : The success of global energy transitions hinges on robust early-stage project financing. Investing in innovative, sustainable energy projects from the outset accelerates development, reduces financial risks, and fosters long-term viability. Governments, private investors, and financial institutions must collaborate to secure funding, enabling the shift to cleaner energy systems and supporting the global […]
IRENA-Closing the Financing Gap in the Global South Requires a Multi-Poronged Approach – EQ
In Short : Bridging the financing gap in the Global South demands a multi-pronged approach. This includes mobilizing private investment, enhancing public funding, and fostering international cooperation. Strengthening financial institutions, improving governance, and promoting sustainable development are crucial. Leveraging digital finance, debt restructuring, and capacity building can also boost resilience. Collaborative efforts are vital to […]
IRENA – Renewables in 2024: 5 Key Facts Behind a Record-Breaking Year – EQ
In Short : Mumbai’s electricity demand has exceeded 4,000 MW, nearing its 2024 record, driven by intense heat and soaring cooling needs. Major utilities like Adani Electricity and Tata Power reported sharp rises in consumption. Efforts to boost renewable energy and expand capacity are underway, with projections indicating demand could cross 4,500 MW this summer, […]
IRENA-The Powerful Role in Geopolitics is to Manage the Energy Transition – EQ
In Short : Managing the energy transition has become a powerful force in geopolitics, reshaping global alliances, trade patterns, and economic influence. Countries leading in clean energy technologies, critical minerals, and sustainable infrastructure are gaining strategic advantages. As nations compete to secure energy security and leadership in the green economy, managing this transition is now […]
Global renewables capacity additions increased by 10% last year: IRENA – EQ
In Short : Global renewable energy capacity grew by 9.6% in 2022, adding 295 GW to reach 3,372 GW, according to IRENA. Solar led with 192 GW added, followed by 75 GW in wind. However, to meet climate goals, capacity must exceed 11,000 GW by 2030—requiring annual additions of around 1,000 GW to align with […]
IRENA unveils partnership to accelerate renewable energy deployment in Central Asia – EQ
In Short : IRENA has launched a new partnership to accelerate renewable energy deployment in Central Asia. The initiative aims to enhance regional cooperation, support sustainable energy transitions, and boost the adoption of clean energy technologies. It focuses on increasing renewable energy capacity, improving energy access, and fostering investment in solar, wind, and other renewable […]
Renewables growth rate insufficient to meet 2030 target, Irena says – EQ
In Short : The International Renewable Energy Agency (Irena) reports that the current growth rate of renewables is inadequate to meet the 2030 target. Accelerated efforts and investments are needed to significantly boost renewable energy capacity and achieve global climate goals. In Detail : Capacity needs to grow by at least 16.4 per cent annually […]
Renewable energy transforming the landscape – EQ
In Short : “Renewable energy is reshaping the landscape, driving sustainable change and paving the way for a greener, more environmentally friendly future.” In Detail : Renewable energy, if supported by governments, can “truly change the landscape” in terms of achieving equitable access to affordable and clean energy, but only if they can move from […]
Renewable energy can truly change the landscape: IRENA – EQ
In Short – IRENA emphasizes the transformative potential of renewable energy, stating it can reshape the landscape of global energy. With its abundant resources and environmentally friendly nature, renewables offer a sustainable alternative to conventional fuels. IRENA’s statement underscores the pivotal role renewables play in mitigating climate change, fostering economic growth, and ensuring energy access […]