Big Move. £555 Billion European Investment Bank to Stop Lending To Fossil Fuel Projects Updated On Fri, Nov 15th, 2019 by Saurenergy In what could be called the ‘Venice Effect’ perhaps, the European Investment Bank, (EIB) the lending arm of the European Union has decided to stop funding fossil fuel projects as part of lending policy Yesterday, even as the world was absorbing images of the city of Venice going underwater due to unprecedented flooding caused by […] Read more
ADB Secures GCF Funding for Innovative Climate Finance Fund in China Updated On Fri, Nov 15th, 2019 by Saurenergy GCF has approved $100 mn in funding for an ADB project in Shandong province in China to mobilise financing for climate change mitigation and adaptation. The Green Climate Fund (GCF) has approved USD 100 million in funding for an Asian Development Bank (ADB) project in Shandong province in the People’s Republic of China (PRC) that […] Read more
27 Countries Pledge $9.776 bn to Replenish the Green Climate Fund Updated On Mon, Oct 28th, 2019 by Saurenergy 27 countries have pledged to replenish the Green Climate Fund (GCF) by USD 9.776 billion for the next four years, with more contributions expected The shared urgency of addressing climate change took a big step forward with 27 countries pledging to replenish the Green Climate Fund (GCF) by USD 9.776 billion for the next four […] Read more
India’s Commitment to Tackle Climate Change Unmatched: Sitharaman Updated On Fri, Oct 18th, 2019 by Saurenergy India’s commitment to fighting climate change is one of the best amongst the community of nations, Nirmala Sitharaman has said. India’s commitment to fighting the global challenge of climate change is bold and one of the best amongst the community of nations, Finance Minister Nirmala Sitharaman has said. Interacting with global investors at the headquarters of the […] Read more
Renewables Trump Fossil Fuels in the UK for Q3 2019 Updated On Tue, Oct 15th, 2019 by Saurenergy A new analysis has revealed that renewables generated more electricity than fossil fuels for the entire third quarter in the UK, for the very first time. A new analysis by Carbon Brief has revealed that renewable energy sources like wind farms, solar panels, biomass and hydro plants generated more electricity than the combined output from […] Read more
Amid Motown Slowdown, Electric Two and Three-Wheelers Power Ahead Updated On Thu, Oct 3rd, 2019 by Saurenergy With nearly 80 percent of the vehicle market dominated by two and three-wheelers in India, tech start-ups have led the electric mobility space to manufacture electric two and three-wheelers and the ecosystem must-haves like battery swapping and charging setup. Government think tank Niti Aayog announced, and retracted quickly on a transition target from fossil fuel […] Read more
C&I News- Dynamic Cables Ltd. and SunAlpha team up for 1200 kW solar project Updated On Mon, Sep 30th, 2019 by Saurenergy Rajasthan-based Dynamic Cables Ltd, a global manufacturer and supplier of cables & conductors, has partnered with SunAlpha Energy to set up 1200kW of rooftop solar power project at its manufacturing units in Jaipur and Reengus in Rajasthan. Dynamic Cables expects to meet about 30% of its energy requirement through the rooftop solar project which is […] Read more
AT&T RE Purchases to Surpass 1.5 GW With new 960 MW VPPA Updated On Mon, Sep 23rd, 2019 by Saurenergy AT&T has announced that its renewable energy purchases will surpass 1.5 GW of clean energy capacity with the addition of new VPPAs worth 960 MW. Texas-based telecommunications company AT&T has announced that its renewable energy purchases will surpass 1.5 gigawatts (GW) of clean energy capacity with the addition of new Virtual Power Purchase Agreements (VPPAs) […] Read more
Green Capital at Scale Needed for Energy Transition in Emerging Economies Updated On Thu, Sep 19th, 2019 by Saurenergy A new study finds that large-scale mobilisation of green capital in clean energy solutions is the main holdout against energy transition in emerging economies Large-scale mobilisation of green capital for investment and innovation in low-carbon energy solutions is the main holdout against a clean energy transition in emerging economies, according to an independent study released […] Read more
