EU bans Russian coal, oil embargo to follow?
The EU’s decision to extend sanctions and ban Russian coal imports into the bloc over…
Energy
Since 2010, RE costs have declined up to 85%: IPCC report
The new IPCC report found the costs of renewable energy sources—solar and wind energy, plus…
EU meets to phase out Russian oil and gas by 2027
The 27 EU nations met at Versaille, France to discuss an urgent response to the…
MNRE reduces performance guarantee to 3% for RE tenders
The Centre reduced the performance-guaranteed deposits to 3% of the value of the RE tenders….
10 GW new solar capacity installed in 2021 in India
According to Mercom, India installed a record 10 GW of solar capacity in 2021, which…
Germany, US halt Nord Stream 2 pipeline over Russia’s Ukraine aggression; EU looks to cut dependence on Russia
Germany halted the permit for the Nord Stream 2 pipeline as a diplomatic measure against…
Union Budget: India announces ₹19,500-cr PLI for solar manufacturing, green bonds
Last fortnight the government in the Union budget announced an additional allocation of ₹19,500 crore…
European Commission endorses “imperfect” solution of natural gas as a transition fuel
The European Commission endorsed natural gas as a transition fuel under its new sustainable financial…
US: Accountability report finds near-complete failure of CCS projects over past decade
A new report by the US’ Government Accountability Office found that all of the country’s…
India needs to spend 11% of GDP to meet green targets, 40% spending needs to be in RE: McKinsey
Consultancy firm McKinsey said India would have to spend an average of $600 billion annually…