Tag: climate

Renewable energy outlook for South East Asia

Southeast Asia stands at a crossroads. Either it can continue its reliance on fossil fuels – more of which are coming from non-indigenous sources, thereby increasing exposure to volatile, and increasingly expensive, global commodity markets – or the region can utilise the ample, affordable and indigenous local renewable energy resource in an energy transition pathway.

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US Climate Law Ushers in New National Green Bank

The passage of the Inflation Reduction Act (IRA) is a long-overdue step toward establishing a national green bank that will unleash tens of billions of public and private dollars for investment in clean energy and climate-resilient infrastructure in underserved communities. In addition to supporting economic development, these investments will reduce air pollution and improve the health and safety of communities.

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State Energy and Climate Index Report for India

Apart from policy formulation, it is also important to track the progress of the implementation of these policies. The State Energy and Climate Index (SECI) is the first index that aims to track the efforts made by states and UTs in the climate and energy sector. It is hoped that an in-depth analysis of individual states will help in enhancing the service delivery on various parameters of energy. These parameters have been devised keeping in mind India’s goals for climate change and clean energy transition.

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Germany plans to increase its renewable energy share to 80 per cent by 2030

The Social Democrats (SPD), Alliance 90 (The Greens), and Free Democrats (FDP) of Germany, have entered into an agreement on a coalition contract that commits Germany to phase out coal-fired power generation by 2030, two months after the general election. The coalition partners also intend to expand the share of renewable energy to 80 per cent by 2030.

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Implications of a Net-Zero Target for India’s Sectoral Energy Transitions and Climate Policy

It explores four combinations of peaking and net-zero-year scenarios for India (2030–2050, 2030–2060, 2040–2070, and 2050–2080) and analyses how a combination of possible technological developments like carbon capture, utilisation and storage (CCUS) and hydrogen production would affect the transition within each of the policy scenarios.

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BBVA to stop financing coal companies

BBVA will reduce its exposure to coal-related businesses to zero, serving to companies in these activities by 2030 in developed countries and by 2040 in the other countries in which it is present. In 2018, BBVA committed to aligning its credit portfolio with the goals of the Paris Agreement, and supports the need to achieve zero net carbon dioxide emissions by 2050.

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