Renewable Energy
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Indian Energy Transition Gets $1.5 Billion Nod By World Bank
In a recent development, the World Bank board of executive directors has given the go-ahead to $1.5 billion in funding to speed up low-carbon energy development in India.
A statement rolled out by the World Bank said that the funding...
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Dutch And Danish Backing For Renewable Energy Projects In SA
Netherlands' state-backed firms have committed to establishing a green hydrogen fund worth $1 billion for investment in South African projects. This initiative was announced during an event in Pretoria, attended by the leaders of the Netherlands, Denmark, and South...
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OPEC Fund – IRENA Partner To Speed – Up Energy Shift Funding
The OPEC Fund for International Development on June 19 went ahead and inked an agreement with the International Renewable Energy Agency so as to join the Energy Transition Accelerator Financing Platform (ETAF), which is a global initiative that looks...
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EU Proposed ESG Ratings Agencies Need A New Restructuring
The EU on June 12, has gone on to propose novel regulations for the firms that happen to be selling environmental, social, and governance ratings, thereby forcing some to go ahead and restructure their businesses in an industry’s major...
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Saudi Arabia And Kazakhstan Join Forces In Energy Sector
Saudi Arabia and Kazakhstan have reached an agreement to create a framework for collaboration in the energy industry, thereby strengthening the Kingdom's energy alliances. The two countries will cooperate in various sectors such as petroleum, refining, petrochemicals, gas, and...
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Oman Is Set To Lead The Way In Renewable Hydrogen Production
The International Energy Agency (IEA) suggests that Oman has the potential to become a highly competitive producer of renewable hydrogen. By 2030, the country could potentially produce low-emission hydrogen at a cost of $1.60 per kilogram. With 60% of...
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EU Funds Green Initiatives with €2.4 Billion Disbursement
The European Union's Modernisation Fund allocated €2.4 billion on June 8th to support 31 projects in seven countries. These projects aim to modernize energy systems, reduce greenhouse gas emissions in energy, industry, and transport, and enhance energy efficiency. This...
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