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COVID-19 led to dramatic fall in funding, capital cost of solar: IEEFA

By : Sustainability ..., Jun 10, 2020

One of the most relevant impacts of the COVID-19 pandemic has been the collapse of interest rates in the global developed markets, according to Tim Buckley, director of energy finance studies South Asia at the Institute for Energy Economics and Financial Analysis (IEEFA). “...

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Energy transition: Hydrogen use in India's energy mix can grow 10 times by 2050

By : Sustainability ..., Jun 9, 2020

The potential scale of hydrogen use in India is huge and can increase in a ange between 3 times and 10 times by 2050, facilitating the transition to a carbon neutral economy, according to The Energy and Resources Institute (TERI). "Hydrogen can provide a supplementary role to...

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Denmark and India sign MoU on green energy transition

By : Sustainability ..., Jun 8, 2020

India’s Ministry of Power and the Danish Ministry of Climate, Energy & Utilities have signed a Memorandum of Understanding (MoU) to cooperate on green energy transition in India. The MoU will be the foundation for the new 5-year Indo-Danish cooperation called the India-...

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EPAM raising £2 million of equity for energy transition in India

By : Sustainability ..., Jun 2, 2020

The aim is to use the growth funding to bring UK companies and investment to opportunities in the $12 billion Indian energy efficiency market. EPAM will employ the equity to identify and execute transations that provide technology and know-how that help India drive towards...

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Auto industry yet to submit study to Niti Aayog on EV transition

By : Sustainability ..., Jan 3, 2020

The automobile industry is yet to submit its report on road map to transition two- and three-wheelers to full electric vehicles, according to a senior government official. At a meeting with industry representatives in June last year, the Niti Aayog had asked the industry to...

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Govt mulling premium on petrol, diesel prices on BS-VI switchover

By : Sustainability ..., Dec 23, 2019

Consumers may feel the pinch of higher fuel prices in coming months as the government is considering a proposal to allow oil marketing companies charge a premium on retail prices of petrol and diesel to recover their investment in producing less polluting fuel. Public and...

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India leads in adoption of new energy technologies: IEEFA

By : Sustainability ..., Dec 11, 2019

India is leading in the adoption of new energy technologies in the current global energy transition, according to the Institute for Energy Economics and Financial Analysis (IEEFA). This lead has been achieved through various policy initiatives and learning by doing, the...

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Government in the process of finalizing new energy policy: NITI Aayog Additional Secretary

By : Sustainability ..., Nov 28, 2019

Government thinktank NITI Aayog‘s additional secretary (Energy) R.P. Gupta has informed that the Indian government is in the process of finalizing an energy policy for the country. “The new policy will address the issues of accessibility and affordability, energy security,...

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Energy demand in Asia Pacific could grow 15% from 2019 to 6,800 mn tons of oil equivalent in 2040

By : Sustainability ..., Nov 20, 2019

Recent research by analysis firm Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit $3.5 trillion by 2040. This will have to include investments in nuclear, hydel power, solar, wind & hydrogen, collectively referred to as zero-carbon energy...

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India to gradually replace coal with renewable energy'

By : Sustainability ..., Oct 1, 2019

Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, a top environment ministry official said on Monday. Union Environment Secretary C K Mishra said coal based plants will continue using coal...

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