APT Translations

In the voluntary market, companies can buy credits from projects such as wind farms or reforestation schemes across the world and use them to meet their internal carbon-cutting targets. All the credits that fell short of the benchmark in the latest assesement were linked to renewable energy.

TPEML will enable customers to get a solar rooftop system installed through TPREL, said the official release

Even though India has been significantly increasing its renewable energy capacity in recent years, when demand for electricity surges, it still goes back to its most trusted source of power: coal.

Deputy CM and state power minister Devendra Fadnavis has said work orders for the project have been issued and it will help more than halve the power purchase cost for distributing electricity to agricultural pumps. This, in turn, will reduce the cross-subsidy burden and tariff for industrial and commercial consumers in the coming months, while also lowering the govt subsidy burden by at least Rs 4,500 crore. "It is a sustainable roadmap for solarisation of the agriculture sector," Fadnavis said. The massive escalation in power generation is being made possible through the state's Mukhyamantri Saur Krushi Vahini Yojana-2.0, recognised by Centre as India's first such solarisation project for agricultural pumps, said additional chief secretary (energy) Abha Shukla. The scheme is now being replicated in UP, Karnataka and Rajasthan.

"Under the Paris Agreement, the target is to add 500 GW of renewable energy, and we have reached 200 GW at present. To achieve 500 GW, you need to add 50 GW every year. In reality, you are able to make 15 GW that too after combining solar, hydro, wind and biogas. There is no answer to how you will reach 50 GW," she said.

The evolving energy transitions needs that demand skilled workforce calls for the development of institutional and human capacities through concerted action in education and skills building.

From solar panels to semiconductors, wind turbines to advanced batteries for storage and transportation, the world needs critical minerals to build these products.

The Corporation built 1.32 MW capacity solar infrastructure to bring down its energy consumption as much as possible. The capacity of Lucknow Metro has also been scaled up with the addition of another 2 MW solar plant. With this as on date, Lucknow Metro's total capacity for solar generation stands at 3.32 MW.

The deal is Nala's third in Central and Eastern Europe (CEE) this year, Trafigura said on Monday without disclosing the price, adding that the business has more than 1.5 GW of renewable energy projects in the region.

One of the most notable aspects of this budget is the introduction of a “Climate Finance Taxonomy”, crucial for channeling capital towards climate-resilient infrastructure and practices.