US Proposes Norms To Counter Chinese Domination In Battery Manufacturing Updated On Mon, Dec 4th, 2023 by Saurenergy The US Department of Treasury and the IRS (Internal Revenue Service) has now proposed guidelines on clean vehicles credits under the Inflation Reduction Act (IRA). It is expected to lower costs for consumers, spur growth in the US vehicle manufacturing, and strengthen energy security. The move is also likely to reduce the dependency of the […] Read more
Solar Capital Cost 11 Times Higher In Developing Countries: IEA Report Updated On Mon, Dec 4th, 2023 by Saurenergy A recent report by the International Energy Agency (IEA) finds that the cost of capital, required to make investment in solar energy in developing economies to be high. The report attributed this to the challenges such as, cost of capital in developing economies, less developed capital markets, fewer projects, and a lack of transparency around […] Read more
European New Trade Defense Measure To Impact Solar Jobs: Report Updated On Fri, Dec 1st, 2023 by Saurenergy Solar Power Europe recently released a joint statement and warned that 433 European solar companies and associations may undertake trade measures. They add that, these measures could negatively affect solar jobs in EU, and cause detriment to EU’s green energy transition, which is currently at a critical moment in time. The report mentions that the […] Read more
Asia Likely To Have 55% Share Of Global Renewable Energy Jobs: IRENA Updated On Fri, Dec 1st, 2023 by Saurenergy IRENA (International Renewable Energy Agency) recently released its world energy transition outlook report. Their report mentioned that Asia is expected to account for a 55% share of global renewable energy jobs, followed by Europe (14%), US (13%) and Sub-Saharan Africa (9%) till 2050 under 1.5-degree scenario. It adds that, the jobs are unevenly distributed as, […] Read more
Behind China’s Global Renewable Leadership Updated On Thu, Nov 30th, 2023 by Saurenergy Wood Mackenzie, in its latest projection finds that China is currently on target to reach its 230 gigawatts (GW) of wind and solar installations target this year. With this, the report claims that, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest […] Read more
Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report Updated On Thu, Nov 30th, 2023 by Saurenergy A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […] Read more
Reformed Taxations On SUVs Can Fuel Growth Of EVs Globally: Report Updated On Wed, Nov 29th, 2023 by Saurenergy A latest report by the Global Fuel Economy Initiative (GFEI) pointed out at the need of bringing a reform in taxation on cards based on their weight and prices. The report talked about the role of weight-based taxation in improving energy efficiency within the SUV (Sports Utility Vehicle) market. The report considers the environmental impact of […] Read more
EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030 Updated On Wed, Nov 29th, 2023 by Saurenergy The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […] Read more
Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF Updated On Tue, Nov 28th, 2023 by Saurenergy A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […] Read more
