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World Energy Transitions Outlook: 1.5°C Pathway

Irena’s World Energy Transitions Outlook outlines a pathway for the world to achieve the Paris Agreement goals and halt the pace of climate change by transforming the global energy landscape. This report presents options to limit global temperature rise to 1.5°C and bring CO2 emissions to net-zero by 2050, offering high-level insights on technology choices, […]

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OFFSHORE RENEWABLES: An action agenda for deployment

The report developed by International Renewable Energy Agency (IRENA) provides insights on various emerging offshore renewable energy technologies and their underlying potential. The report includes 50 concrete actions that G20 countries may consider while defining their national strategies for offshore renewables. Suggested actions include strengthening an oceans governance according to the UN Law of the […]

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Trade-led Solar PV Deployment Likely to Create 40 M Jobs by 2050: Study

A new joint report by International Renewable Energy Association (IRENA) and World Trade Organisation (WTO) examines how trade policies can support cost reductions, deployment of components & job creation in the solar PV sector. The report entitled “Trading into a Bright Energy Future: The Case for Open, High-quality Solar Photovoltaic Markets” finds, among other things, that trade-led solar […]

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Denmark Leads in Share of RE Production, India Yet To Break Into Top 15

Wind and solar produced 2,435 TWh of electricity in 2020, providing almost a tenth of the world’s electricity. While European countries like Denmark, Ireland, and Germany are leading among the world’s top 15 producers, India is not part of his group. Even though India’s renewable energy capacity is being added to each year, with the […]

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AfDB Grants $6 M to Initiate ‘Desert to Power’ Program in Africa

‘Desert to Power West Africa Regional Energy Program’, an initiative led by the African Development Bank Group (AfDB), will be injected with a $6 million grant to launch its initial phase, as per the bank’s board of directors’ recent approval. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by […]

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SE Asian Countries Have Strong Demand for 2 &3 Wheeler EV’s for Last Mile Delivery

Introduction According to a World Economic Forum report, demand for urban last-mile delivery would increase by 78% by 2030, resulting in the deployment of 36% more delivery vehicles in the world’s top 100 cities. In most Southeast Asian countries, the use of last-mile deliveries has expanded dramatically in recent years. The rise of online retail […]

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MDPs Committed Climate Finance Worth $66 B in 2020: Joint Report

According to the recently published 2020 Joint Report on Multilateral Development Banks’ Climate Finance, climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, of which, 58%—or $38 billion—was committed to low- and middle-income economies. The total climate cofinance committed during 2020 […]

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Canadian Solar Secures EUR 50 Million For Project Development in EMEA

One of the leading solar PV module manufacturers, Canadian Solar Inc. has announced securing a Euro 50 million bilateral corporate facility with Banco Santander, S.A. The facility will support growth at Canadian Solar’s Global Energy business as it executes and expands on its project development pipeline in Europe, Middle East, and Africa (EMEA) region, and […]

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Experts Find Lower Costs, Cheap Credit To Be Decisive For Energy Future

What does the energy landscape look like in the post-Covid era? Ajay Mathur, Director, International Solar Alliance, believes that as we look to the future, two-three key changes emerge: One, post the pandemic, energy equipment buyers are considering the operating costs of energy with greater emphasis, largely because of the greater availability of credit, which […]

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