Fiduciary Responsibility of Money Managers in the Age of Climate Change
Money managers must integrate climate risks into their investment decisions, as sustainability enhances long-term financial performance. Regulators can enforce this through the Stewardship Code and clear disclosure guidelines. Strong fiduciary duty and adherence are essential for a…
World on track to add 5,500 GW of renewable capacity by 2030, solar to drive 80% of growth
Solar power will account for 80% of the total growth in renewables, driven by the construction of new solar plants and a surge in rooftop installations.
Saatvik Solar secures 213 MW solar module order from L&T for Bihar BESS project
The agreement will see Saatvik Solar deliver its Mono PERC Bifacial Modules of 545 Wp, featuring glass-to-back sheet technology. The modules, designed for high efficiency and durability, are scheduled for delivery by March 2025.
An African-Led Renewable Energy Partnership That Benefits Everyone
The Accelerated Partnership for Renewables in Africa (APRA), launched by President Ruto of Kenya ahead of COP28, aims to support Africa’s clean energy agenda and bring this ambitious vision to life.
India invests $25 million in hydrogen hubs to boost green shipping, pilot projects underway
India is also emerging as a hub for green shipbuilding, with plans to modernize shipyards and reopen older dockyards. "India aims to rank among the top five shipbuilding nations by 2047," the minister noted.
India needs 122 GW wind capacity by FY32 to ensure energy security
The report reveals that 21 Indian states have set targets to contract more than 100 GW of wind capacity by 2030 to meet renewable purchase obligations and diversify their clean energy portfolios.
Subsidiaries of India's Adani Green to issue dollar bonds, bankers say
The companies - Adani Hybrid Energy Jaisalmer One, Adani Hybrid Energy Jaisalmer Two, Adani Hybrid Energy Jaisalmer Four and Adani Solar Energy Jaisalmer One - will collectively raise around $500 million to $1 billion, they said.
India added 11.3 GW of solar modules, 2-GW of cell mfg capacity in 1H2024: Report
Cumulative solar module manufacturing capacity reached 77.2 GW.
India should aim to become clean energy exporter by 2030: Amitabh Kant
At a roundtable discussion here, Kant said that there is no shortage of global funds for clean energy, but India needs to establish strong financial systems, such as escrow accounts, to attract private investments for renewable projects.
Deal on climate aid hangs in balance at UN COP29 summit
COP29 has been dubbed a "finance COP" because rich countries most responsible for global warming are supposed to commit to substantially increasing their assistance to poorer countries for climate action.