Global Electricity Review 2024, published in energy think tank Ember's annual report, says that for 1st time in world, renewable energy is accounting for 30% of total energy generation.
While developed nations urge reevaluation of climate aid, India says there must be agreement on burden sharing among developed countries 'to establish fair share of collective obligation'.
Climate Analytics report said global renewable energy capacity needs to grow 3.4-3.6 times by 2030 & that goal of tripling renewables should be treated 'as a floor, not a ceiling'.
In the run-up to COP29 in Azerbaijan, Aosis members will need to continue to explore other routes to compel wealthy nations to recognise the needs of the world’s most vulnerable states.
Coal accounts for 75% of energy generated in India, with govt not decommissioning any existing capacity & in process of adding more. Renewable energy also too expensive at the moment.
In a victory for India and other developing economies, the agreement avoids the term ‘phase out’ for fossil fuels, using “phase down of unabated coal power” instead.
Though the 2-week climate summit ended with adoption of 'Global Stocktake' text, some say actual resolution is 'marred by loopholes', giving fossil fuel industry 'numerous escape routes'.
Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.
Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.
CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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