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Global energy efficiency improvements lag behind COP28 targets: IEA

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One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal.  The IEA’s Energy Efficiency 2024 report shows that global primary energy intensity—a core energy efficiency metric—is set to improve by around 1% in 2024, the same rate as in 2023, far below the 4% target needed by 2030. At COP28, nearly 200 countries committed to…

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Singapore’s Punggol Digital District to feature first district-level smart grid

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JTC Corporation has appointed Univers and PacificLight Power to develop Singapore’s first district-level smart grid in the Punggol Digital District.  The project aims to enhance energy efficiency and integrate renewable energy sources by installing a smart grid powered by a battery energy storage system and solar panels.  Once operational, the system is expected to generate over 3,000 MWh of clean energy annually.  Scheduled for completion in 2026, the grid will optimize energy management across the…

AI’s Rising Energy Demand is Reshaping the Future of Data Centers and Power Supply

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At Climate Week in New York, discussions are centered on the rising energy demand driven by artificial intelligence. Last week, it was revealed that Microsoft would use electricity from the resurrected Three Mile Island nuclear plant to power its data centers. In a recent report, Bloomberg highlighted that OpenAI had approached the Biden administration regarding plans for large-scale data centers, each capable of consuming energy equivalent to that of a whole city. This trend is…

7. Innovation in Power Sector: Shaping the Future with Emerging Technologies

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The power sector, once defined by heavy infrastructure and long-established methods, is now in the midst of a remarkable transformation. Technological innovation is driving new possibilities, making the industry smarter, cleaner, and more efficient. Let us take a dive into some of the most exciting emerging technologies and see how they are reshaping the way we generate, distribute, and manage energy. Smart Meters: Empowering Consumers and UtilitiesSmart meters are quietly revolutionizing how we consume electricity….

Institutional Infrastructure of Energy in India

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India’s energy sector is supported by a vast and multi-tiered institutional infrastructure that includes ministries, regulatory bodies, public sector undertakings (PSUs), and research institutions. These entities work together to manage, regulate, and oversee energy production, distribution, and policy implementation. Below is an overview of the key institutions involved in India’s energy landscape. Ministries Ministry of Power (MoP): The Ministry of Power is responsible for developing and managing the country’s power sector. It oversees electricity generation,…

Understanding the Global Institutional Infrastructure of Energy

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The global energy sector is a complex web of organisations, regulators, and private corporations working together to ensure that the world’s energy needs are met while promoting sustainability, innovation, and policy alignment. From setting regulations to facilitating international cooperation, these institutions play an essential role in shaping how energy is produced, distributed, and consumed. This article will explore the key players in the global energy infrastructure, including international organizations, national regulatory bodies, industry associations, and…

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India’s Emerging Carbon Market: Balancing Economic Growth with Environmental Sustainability

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With the global focus increasingly shifting towards carbon pricing as a tool to combat climate change, India’s efforts to design and implement an effective carbon market could have profound implications not only for its domestic climate goals but also for the global carbon trading landscape. Carbon pricing is globally recognized as a cost-effective mechanism to internalize the environmental costs of greenhouse gas (GHG) emissions. In its essence, carbon pricing assigns a monetary value to GHG…