Day: November 8, 2024
COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall
The note indicates that while global renewable energy investments have increased by 73%-78% from $329-424 billion in 2019 to $570-735 billion in 2023, they fall short of the $1-1.5 trillion needed annually from 2024 to 2030.
In a global first, NTPC plant starts converting captured CO2 into methanol
"Both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind in the world, marking a historic step in carbon management and sustainable fuel production," NTPC Chairman Gurdeep Singh said at the power major's 50th Raising Day celebration.
Renewable energy offers a cost and opportunity to insurance sector
Unpredictable weather patterns have exposed weaknesses in the models used to price risk as golf ball-sized hailstones on solar panels and lightning strikes on wind turbines have left insurers with much bigger bills than expected.
INOX India bags contract for UK’s first liquid air energy storage facility
Under the agreement, INOXCVA will supply five 690 kiloliter, high-pressure, vacuum-insulated cryogenic tanks for the project, marking its entry into the liquid air energy storage sector.
Battery storage critical for India's shift from coal, renewable capacity lags behind
Despite reaching USD 12.4 billion in renewable energy investment in 2023, the funding is far below the estimated USD 200 billion required to meet this goal.
Ghana joins hands with Indian start-ups for low-emission cooking stoves
Under this, 1 million improved cooking stoves with relatively low carbon emissions will be manufactured in Ghana, which will be distributed free of charge to the people of this African country, an official of the start-up said on Thursday.
Anaemic growth in rooftop solar turns Rajasthan into laggard
Rajasthan lags behind in rooftop solar adoption despite vast potential, with an 8% application-to-installation ratio compared to the national average of 19%. Lack of state subsidies and policies like free electricity disincentivize investment. Experts suggest an opt-out option for free…
India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24-per cent reduction in coal-based power generation, according to a new report.
India will develop complete solar manufacturing ecosystem in 4-5 years: Avaada Group
India will develop the complete ecosystem of solar equipment manufacturing in 4-5 years compared to other countries which tool over 20 years says Vineet Mittal, Founder and Chairman of Avaada Group.
ACME Solar Holdings, Hexa Climate Solutions bag FDRE projects
An FDRE plant enables round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations (RPOs) and energy storage obligations (ESOs).