Renewables Power 30% of Global Electricity, Says Ember
Ember’s findings show a significant increase in renewable energy generation in 2023, up from 29.4% the previous year. This growth is attributed primarily to a rise in solar power projects, which significantly boosted overall renewable capacity.
Tesla Seeks Investment Boost; Musk Courts Buffett
On social media, Musk responded to a suggestion that Berkshire Hathaway, Buffett’s investment firm, should shift its holdings from Apple to Tesla. Musk called it an “obvious” move for the value-oriented investor.
Barakah Nuclear Plant Refinancing Gets ESG Loan Deal of the Year
The refinancing was transformed into a green loan, marking it as the first in the Middle East and North Africa (MENA) region and Asia to gain independent recognition as a green loan facility.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
Hyundai Plans Hybrid SUVs Launch by 2027 in India
The decision comes as Hyundai, along with its subsidiary Kia, sees a growing demand for hybrid technology in India.
Serentica, Indian Oil to Invest Heavily in Renewables
In a significant move, Indian Oil Corporation (IOCL), the country’s largest refiner, announced a Rs 5,215 crore investment to build a 1 gigawatt (GW) renewable energy capacity.
Middle East Doubles Renewable Energy Capacity: Iran and UAE Lead
The region’s capacity has increased from just under 16 gigawatts in 2014 to over 35 gigawatts by 2023, with Iran and the UAE taking prominent roles in this green energy expansion.
$12 Trillion Investment is Required for Global Renewable Energy Expansion
COP28 President Al Jaber outlined four key priorities essential for advancing climate finance: infrastructure, technology, people, and support for the Global South.
The World’s EV Fleet Continues to Grow Strongly, with 2024 Sales Set to Reach 17 Million: IEA
This represents a continuation of the robust growth witnessed in the first quarter, where sales jumped 25% compared to the same period in 2023. Notably, the number of electric cars sold in the first three months of 2024 is already roughly equivalent to all the electric car sales in 2020.
DEWA Reduces Emission By 19%, Leads Dubai’s Sustainable Drive
DEWA supports Dubai’s economic and social fabric and sets a benchmark for global sustainability aspirants. Their comprehensive approach is a role model for global cities in shaping a sustainable and resilient future.