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RBI to issue Rs 200 billion in sovereign green bonds in FY 2024-25

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The Reserve Bank of India (RBI) has announced the issuance of Rs 200 billion in sovereign green bonds across four equal tranches during the second half of fiscal year 2024-25. These bonds will fund projects in renewable energy, clean transportation, sustainable water management, and other climate-focused sectors. The first tranche of Rs 50 billion with a 10-year tenor will open for subscription from November 25 to 29, 2024. The second tranche, with a 30-year tenor,…

Power Sector News Roundup for November 4, 2024

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Global: IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance. Germany to bury nuclear waste, but toxic dispute remains unresolved. UK Government confirms rise in oil and gas headline tax alongside investment in clean energy. Asia to spend over USD 20 billion on EVs, according to a report. Moroccan government partners with Total Energies H2 for the ‘Chbika’ green hydrogen project. Blykalla and ABB partner to develop an SMR pilot facility…

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Global energy system faces rising risks amid geopolitical strains: IEA

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The International Energy Agency (IEA) highlighted the vulnerabilities in the global energy system, exacerbated by regional conflicts and geopolitical tensions, in its World Energy Outlook 2024. The IEA underscored the need for stronger policies and investments to hasten the energy transition. Despite these challenges, the agency expects a relatively abundant supply of various fuels and technologies in the coming years, including oil, LNG, solar PV, and batteries. IEA Executive Director Fatih Birol noted that an…

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Energy Justice and the Renewable Transition: Addressing Inequities in Carbon-Intensive Regions

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The global shift towards renewable energy is crucial in mitigating climate change, reducing greenhouse gas emissions, and ensuring a sustainable future. Yet, this transition is far from equitable. For carbon-intensive regions, where economies and livelihoods are tightly linked to fossil fuels, the renewable energy transition presents significant challenges. These regions face the risk of economic destabilization, job loss, and social upheaval. In this context, the concept of energy justice has emerged as a critical framework…

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Adani Total Gas begins blending green hydrogen in natural gas for Ahmedabad households

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Adani Total Gas (ATGL) has started blending 2.2-2.3% green hydrogen with natural gas for household cooking in Shantigram, Ahmedabad. This initiative, part of ATGL’s joint venture with Total Energies, will provide hydrogen-blended natural gas to 4,000 domestic and commercial consumers, reducing greenhouse gas emissions. The company plans to gradually increase the blend to 5% and eventually 8%, expanding supply beyond Shantigram to other areas of Ahmedabad and beyond. ATGL joins other Indian firms like NTPC…

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Floating Offshore Wind: Key to Achieving Global Renewable Energy Goals by 2030

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The global push to limit temperature rise to 1.5°C includes decarbonizing hard-to-abate sectors. At COP 28, leaders pledged to triple renewable energy capacity by 2030. Offshore wind, with its high efficiency and competitiveness, is key to these efforts. In 2022, offshore wind reached 63 GW of installed capacity, but to meet the 1.5°C target, this needs to grow to 494 GW by 2030 and 2,465 GW by 2050. Floating offshore wind, a promising subset, can…

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6. Power Sector and Climate Change

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The power sector has long been the backbone of modern civilization, but the energy it produces has come at a significant environmental cost. Traditional energy sources like coal, oil, and natural gas—collectively known as fossil fuels—have been the primary culprits in emitting greenhouse gases (GHGs), particularly carbon dioxide (CO2). These gases trap heat in the Earth’s atmosphere, leading to what we now know as climate change. For decades, coal-fired power plants were the dominant players…