Diplomatic success will depend on oil markets’ future in a post-pandemic world and countries’ willingness to accelerate the renewables uptake, writes Anca Gurzu. The United States and the United Arab Emirates pledged in early April to help finance decarbonisation across the Middle East and North Africa through investments in clean technologies – a sign of […]
President Biden sees “win” for US in electric vehicle battery deal
The agreement between LG Energy Solution and SK Innovation ended the need for Biden to intervene in a case closely watched for its implications on Biden’s clean-energy agenda Washington: Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with […]
India announcing net-zero target not ‘absolute requirement’: US special envoy Kerry
Biden has invited 40 world leaders, including Prime Minister Modi, to the virtual summit on April 22-23 to underscore the urgency and the economic benefits of stronger climate action. New Delhi: US Special Presidential Envoy for Climate John Kerry on Thursday said it will be great if India announces a net-zero emission target but “that’s […]
Renewables sector shows ‘resilience’ in 2020 with strong solar installs across Asia – IRENA
The International Renewable Energy Agency’s (IRENA) director-general has hailed the start of a “decade of renewables”, following a 2020 that saw China and the US drive global solar installations. With global clean energy additions beating estimates and previous records to reach 260GW, Francesco Camera said last year’s deployment figures “tell a remarkable story of resilience […]
Oman kicks off investment plans in green energy
Oman has reaffirmed that it begun to execute investment plans in the fields of clean and renewable energy, covering projects in solar energy and wind power whose feasibility was proved in studies, reported Oman News Agency (ONA). This was stated by Dr. Abdullah Ali al-Amri, Chairman of the Environment Authority, during the first regional dialogue […]
SunFunder reaches $70 million close for Solar Energy Transformation Fund
SunFunder’s Solar Energy Transformation Fund backs solar companies improving energy access across Africa and Asia. The off-grid solar finance company’s blended-finance fund closed $70 million with investments from OeEB, the development bank of Austria, Swedfund, Bank of America, Mercy Investment Services, the Schmidt Family Foundation and members from the Toniic impact investor network. The nine-year […]
Solar Financier Loanpal Plans IPO as Soon as This Year
Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value the company at more than $10 billion, according to people with knowledge of the matter. The company, which said in January it had raised more than $800 million from investors including New Enterprise Associates and […]
Power minister R K Singh meets John Kerry, discusses energy transition and emission reduction
The delegation led by Singh pointed out that India was the only major economy whose energy transition was consonant with a sub two-degree rise in temperature. New Delhi: Minister of State for Power and New and Renewable Energy, RK Singh on Wednesday met US Special Presidential Envoy for Climate, John Kerry, wherein he discussed India’s […]
Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%. WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy […]
US, UAE pledge joint effort to finance decarbonisation
On Sunday, the climate dialogue concluded with another statement that was signed by Bahrain, Egypt, Iraq, Kuwait, Qatar, Sudan, the UAE and the United States pledging to accelerate climate action, mobilise investment in a new energy economy and help the world’s most vulnerable cope with climate change. Kerry is also due to visit India, the […]
