In Short : An EY report reveals that a record $1.8 trillion investment in renewables in 2023 is insufficient to meet COP28 goals. Additional funding and accelerated efforts are necessary to address climate targets and transition to sustainable energy. In Detail : A record $1.8 trillion pumped into clean energy in 2023 globally may still […]
India Energy Storage Alliance to bring out ‘white paper’ on sustainable future including renewables – EQ
In Short – The India Energy Storage Alliance (IESA) is set to release a white paper on achieving a sustainable future with a focus on renewable energy. This document will outline strategies for integrating energy storage solutions, promoting green technologies, and addressing challenges in the renewable sector, aiming to guide policy and investment towards a […]
30% of world’s energy from renewables in 2023: UK think tank – EQ
In Short – A UK think tank reports that renewables accounted for 30% of the world’s energy in 2023, marking a significant milestone in the global transition towards sustainable energy sources. This achievement reflects growing awareness and investment in renewable technologies, signaling progress towards mitigating climate change and reducing reliance on fossil fuels. The report […]
Renewables provided record 30% of global electricity in 2023, Ember says – EQ
In Short : According to Ember, renewables supplied a record 30% of global electricity in 2023. This milestone highlights the accelerating transition towards cleaner energy sources worldwide, marking significant progress in combating climate change and reducing reliance on fossil fuels. In Detail : Renewables provided record 30% of global electricity in 2023, Ember says LONDON […]
Our expansion plans will be backed by renewables, not thermal power’: Abhyuday Jindal of Jindal Stainless – EQ
In Short – Abhyuday Jindal of Jindal Stainless emphasizes a commitment to renewable energy for expansion plans, shifting away from thermal power. This strategic decision aligns with sustainability goals, reducing carbon footprint and promoting cleaner, more resilient energy sources for future growth. In Details – The company announced a three-pronged investment strategy worth nearly Rs […]
Renewables.org, technology company Dyme Ink Clean Energy deal in India – EQ
In Short – Renewables.org and technology company Dyme’s clean energy deal in India signifies a strategic partnership aimed at advancing renewable energy initiatives. This collaboration is poised to drive innovation and accelerate the adoption of clean energy solutions, contributing to India’s sustainable development goals. In Details – Brooklyn-based solar nonprofit Renewables.org just announced a partnership […]
Gujarat and Karnataka lead renewables integration into power sector in India – EQ
In Short – Gujarat and Karnataka are at the forefront of integrating renewables into India’s power sector. Their proactive approach in adopting renewable energy technologies showcases their commitment to a cleaner and more sustainable energy landscape. In details – The Indian states of Gujarat and Karnataka are well prepared to continue the electricity transition and […]
Vedanta Aluminium accelerates shift to renewables, deploys biomass for power generation – EQ
In Short : “Vedanta Aluminium speeds up its transition to renewables by implementing biomass for power generation, marking a significant move towards sustainable energy practices in the current affairs landscape.” In Detail : Vedanta Aluminium, one of India’s largest producers of aluminium, is making its fuel mix more sustainable with the deployment of biomass briquettes […]
How India can create a circular economy for renewables – EQ
In Short – India can foster a circular economy for renewables by promoting recycling, enforcing producer responsibility, and optimizing resource use. These strategies enhance sustainability and minimize environmental impact in the renewable energy sector. In Details – To be energy secure, India will need to ensure a circular economy for its clean energy technologies […]
India Hits Record 18 GW Renewables in FY24 – EQ
In Short – In a significant achievement, India sets a new benchmark by reaching a record-breaking 18 gigawatts of renewable energy capacity during the fiscal year 2024. This milestone underscores the nation’s commitment to sustainable energy initiatives and highlights the growing importance of renewables in the country’s energy landscape. In Details – India has made […]