The chief energy resources in India are coal and lignite, petroleum and natural gas, nuclear energy, and renewable energy. The energy policies adopted by the Government of India since independence have fostered and endured inefficiencies in the use and production of energy. Energy crisis and ...
Yet for all of these swirling winds, 2022 still saw a remarkable acceleration in the energy transition, in part because of the energy crisis, with record renewable energy installations and electric vehicle (EV) sales worldwide. Acceleration to continue in 2023 The outlook for low-carbon transition...
of Japan, recently announced it will invest $20 billion in solar projects in India). But actually building all these new projects will be extremely expensive, requiring a level of fiscal discipline and political will that India’s fractious, corrupt government has seldom achieved. Modi, who ...
the availability of financial capital and critical minerals, and the willingness of decision-makers to get onboard a rapid transition that could generate substantial distributional issues in their respective regions. The energy crisis resulting from the war in Ukraine suggests that the accelerated move ...
Today, a variety of incentives and subsidies help make it easier for companies to lean on renewable resources as a stable source of power to help alleviate the climate crisis. But the next generation of clean energy requires more than just incentive, it needs innovative technology to improve ene...
Since2022,inthecontextoftheglobalenergycrisis,theG7hasresponded stronglyandmadeamassivepivottowardsbuildingthenewglobalcleanenergy economythroughcollectivecommitmentsandmajorcountry-levelpolicyshifts. TheInternationalEnergyAgency(IEA)hasbeenmandatedbyG7Leadersto ...
To address the energy crisis, South Africa has developed the Economic Reconstruction and Recovery Plan. The plan aims to fundamentally transform the electricity sector, achieve long-term energy security and accelerate investment in the energy sector. As South Africa cannot achieve this goal alone, it...
The cataclysmic shock to global energy markets has caused many countries to temporarily backtrack on ambitious climate goals. India is leading the way, when it comes to the decarbonisation agenda ByZimble Digital Looking back on 2022, the global energy crisis sparked by Russia�s war in Ukra...
CARACAS, Jan. 13 (Xinhua) -- Venezuela on Friday proposed the creation of an international energy development bank to facilitate countries' access to diverse energy sources amid the ongoing global energy crisis. Vice President of the Economic Sector and Oil Minister Tareck El Aissami made the pro...
"The economic crisis and foreign currency shortage force Lebanese factories to turn to local production, causing a rise in demand for our power solutions," said Huang, adding that her company's revenues from businesses in Lebanon amounted to 150 million U.S. dollars last year. ...