Global Renewable Capacity Rises 14% to 3,870 GW in 2023: IRENA
The report found that solar energy registered the largest share at 1,419 GW last year, recording 32.2 percent over 2022. Hydropower and wind energy accounted for most of the remainder, with total capacities of 1,268 GW and 1,017 GW, respectively.
UAE’s Etihad Rail Launches Sustainable Finance Framework for Green Investments
This framework aims to facilitate the issuance of green bonds, which will be instrumental in securing funds for lower-carbon infrastructure projects such as clean transportation, green buildings and pollution control.
Delhi’s IGIA Becomes 1st Indian Airport to Get Net Zero Carbon Emissions Status
The facility is the first airport in India to achieve net zero carbon emission airport status, a level 5 certification, under the ACI’s carbon accreditation program.
Government Allocates $95.2M to Create Model Solar Village in Every District
The outlay is part of PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on Feb. 15, 2024. It aims to transform India’s energy landscape by providing free electricity to households.
TN Clears ₹441B in Investment Proposals, Greenlights 3 Renewable Energy Policies
The projects span the electronics, food processing, renewable energy, and battery manufacturing sectors and will significantly change the state’s economic landscape and create 24,000 jobs.
World Bank’s $1.5 Billion Loan Boosts India’s Green Hydrogen Dreams
This loan marks the second round of support from the World Bank, following a similar $1.5 billion granted in June 2023.
India to Boost Solar Cell Production; to Curb China Import
Cells will likely be the next target for import restrictions, though the government plans a more cautious approach this time.
Adani Green Pledges S$24.2 Billion by 2030 to Build 40GW Capacity
Adani Green Energy Ltd (AGEL), a subsidiary of the Adani Group with a current renewable energy capacity of over 10 GW, aims to add 6-7 GW annually, reaching 50 GW by 2030.
Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
Diageo to invest €100 Million to Decarbonize Historic Guinness Brewery
The goals include achieving 100% renewable energy use, net-zero carbon emissions in direct operations, and a 50% reduction in indirect emissions from suppliers.
