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Trump as US president will deepen climate crisis: Policy experts

Global, News

Donald Trump’s potential return to the US presidency has prompted apprehension regarding America’s climate policy trajectory. During his first term, the United States withdrew from the Paris Climate Agreement, casting doubts on its commitment to global climate efforts.  Trump has also been critical of climate finance mechanisms, such as the Green Climate Fund, labelling them as unfavourable wealth redistribution schemes while endorsing expanded fossil fuel production. Following his re-election, Trump has promised to increase domestic…

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PM Modi inaugurates solar EV charging carport at Statue of Unity

India, News

Prime Minister Narendra Modi inaugurated a solar-powered electric vehicle (EV) charging carport at the Statue of Unity in Kevadia, Gujarat. Developed by Convergence Energy Services Ltd (CESL), an Energy Efficiency Services Ltd subsidiary, this initiative underscores the government’s commitment to clean energy and green mobility. With backing from the Asian Development Bank (ADB), the carport has bi-facial mono-crystalline solar modules and a battery energy storage system (BESS).  This facility, with a 50 kWp solar capacity…

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Asia to spend over USD 20bn on EVs: Report

Global, News

Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years.  Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit analyst Claire Yuan noted that…

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IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance

Global, News

The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion.  This anticipated growth could rival the economic scale of the global oil market, marking a pivotal shift towards a sustainable economy. IEA Executive Director Fatih Birol highlighted the interlinking of energy, industry, and trade policies…

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RWE signs PPA with Rivian for EV fast-charging network with Texas wind energy

Global, News

German energy company RWE has entered a 15-year power purchase agreement (PPA) with electric vehicle manufacturer Rivian to supply renewable energy from its upgraded 127MW Champion Wind project in Nolan and Mitchell counties, West Texas.  This agreement will support Rivian’s Adventure Network, enabling renewable energy-powered fast charging for its EVs and contributing to the company’s goal of achieving carbon neutrality. Champion Wind, initially launched in 2008, is undergoing a major upgrade to extend its lifespan,…

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Hyundai unveils Initium hydrogen SUV concept

India, News

Marking nearly 30 years of fuel-cell electric vehicle (FCEV) innovation, Hyundai has introduced the Initium concept, an SUV embodying its “Art of Steel” design language. With a targeted range of 400 miles (644 km) and a 201 hp electric motor, the Initium represents Hyundai’s continued commitment to hydrogen as a clean energy source. The Initium will debut at Auto Guangzhou in China and the Los Angeles auto show, featuring a large-capacity hydrogen tank and aerodynamic…

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Global Insights on Smart Grid Technology Patents

Analysis, Features

The energy transition involves a profound transformation of power systems, including power generation, transmission, distribution, and consumer practices. This transformation is driven by increasing electricity demand and integrating renewable energy sources, introducing variability into power grids. Smart grid technologies are crucial for managing these challenges, enabling grids to become more efficient and resilient while containing operational costs. Digital technologies, in particular, facilitate the integration of variable renewable energy sources, enhance end-user engagement, and improve energy…

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GreenLine Mobility to expand LNG fleet, aims for 1,000 more trucks by March 2025

India, News

GreenLine Mobility Solutions Ltd, a key entity in Essar’s green mobility initiative, plans to expand its fleet by adding 1,000 Liquefied Natural Gas (LNG)-powered trucks by March 2025. This move aligns with India’s strategy to decarbonise the logistics sector and reduce emissions in its journey towards net zero by 2070. GreenLine’s CEO, Anand Mimani, emphasized the company’s commitment to sustainable logistics, aiming to meet the rising demand for eco-friendly solutions as corporations increasingly prioritize Environmental,…

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GEAPP and UPEIDA to develop 450-500 MW solar park along Bundelkhand Expressway

India, News

The Global Energy Alliance for People and Planet (GEAPP) is partnering with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to establish a 450-500 MW solar park along the Bundelkhand Expressway.  This pilot project aims to create a green energy corridor across the expressway, with approximately 450 MW of solar power installed on the expressway’s designated land area, spanning 15-20 meters on both sides. The project aims to boost energy supply, support electric vehicle (EV)…

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Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds

Global, News

The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany with 13.7 billion euros. France and Poland…