India is likely to suggest setting up a G20 expert committee to examine World Bank reforms and improve the institution’s lending capacity for climate funding in middle- and low-income nations. The plan is anticipated to be brought up at a…
India has announced plans to construct additional nuclear power plants
The government of India has stated that it plans to increase the number of nuclear power plants it operates in order to increase the amount of clean energy the country produces. Jitendra Singh, the Union Minister of State for Science…
With increased natural gas imports, India’s energy sector is preparing for 2023
In order to avoid a repeat of the electricity crisis in India, which occurred last April (2022), which was the worst in 6 years, and in preparation for higher demand next summer (2023), New Delhi asked government companies to increase…
Octopus Energy and Sterlite Power have joined together to decarbonize India
Octopus Energy Group, a pioneer in energy technology, and Sterlite Power, a major Indian power transmission company, have signed a memorandum of understanding (MoU) to help decarbonize Indian industry and offer cheaper green power to customers worldwide. The MoU, signed…
Building up renewable energy in India might cost $26.5 billion by 2030
According to a new estimate from the Energy Department's Lawrence Berkeley National Laboratory, building 307 GW of solar and 142 GW of wind power in India by 2030 would necessitate an annual expenditure of roughly $26.5 billion. That amount would…
India has approved $2.1 billion in ISTS energy transmission projects
The Indian government has authorized 23 interstate transmission system (ISTS) projects worth Rs158.9 billion ($2.1 billion) to be developed across the country. Raj Kumar Singh, Union Minister of Power and Minister of New and Renewable Energy (MNRE), gave his approval…
India’s attention is turning south as it takes its first steps toward industrial-scale offshore wind
A long-awaited bid to deploy resource metering off the Indian state of Tamil Nadu suggests the focus of early offshore wind development has shifted south, according to a consultant who follows the industry closely. The National Institute for Wind Energy…
It will cost $10 trillion for India to reach net zero emissions by 2070
A recent analysis suggests that heavy climate funding and investment from rich nations will be crucial if the country is to decarbonize at the appropriate rate. If India wants to attain net zero emissions by 2070, it will require more than $10 trillion (£7.4 trillion) in investment. According to a new research by the Centre for Energy Finance (CEEW), the power sector alone would…
According to a power company executive, Asia’s shift to renewable energy may be accelerated
KEY FACTS According to Eugene Cheng, global chief financial officer of Sembcorp Industries, Asia may accelerate its shift to renewable energy According to Cheng, renewable energy accounts for more than 20% of average energy generation in Asia, compared to more…
Climate change: In 2021, carbon emissions from developed nations increased dramatically
According to a recent study, carbon emissions are recovering strongly and growing in the world’s 20 richest countries According to the Climate Transparency Report, CO2 levels would rise by 4% throughout the G20 this year, after falling by 6% in…