The minister of State for New and Renewable Energy Bhagawanth Khuba launched the third edition of the ‘Green Vehicle Expo’, 2022 on 1st July which ended yesterday. As per the reports, more than 74 companies from India and across the world participated and showcased their latest innovations at the exhibition.
Prime Minister Narendra Modi, who arrived in Germany to attend the G-7 summit, addressed a session on climate, energy and health at the Alpine Kestel in Schloss Elmau on Monday.
Renewable Energy Certificates(REC) worth 9,000 crores have been sold since a decade ago, a report shows that there are very few voluntary takers of renewable energy certificates.
Egypt’s International Cooperation Minister Rania Al-Mashat emphasized the need for adequate financing tools to achieve the climate action goals. She highlighted that one of the main obstacles to the climate action targets is the lack of climate financing.
In a remarkable feat to achieve the net-zero target Delhi’s Indira Gandhi International Airport has become India’s first airport to fully function from solar and hydro energy. The IGI airport’s 94 percent energy demands are being met by hydropower electricity and the rest 6 percent from on-site solar plants.
India has committed to cut half its carbon emissions and generate about 500GW of renewable power by 2030. A study from BloombergNEF(BNEF) suggests that the country will need $223 billion to meet this target.
To boost the climate action target of Mumbai, Tata Power has installed 150 green energy-powered EV charging stations across the city. These charging points are different from the traditional ones as they use green or renewable energy sources such as solar, wind, and hydropower to generate electricity for charging electric vehicles.
Uttar Pradesh is leading the way in the renewable energy sector, about 4782cr of green energy projects were sanctioned last month.
In an attempt to boost the ‘Green India’ vision the International airport of Mumbai has established a vertical axis wind turbine and Solar mill to harness the power generated through renewable sources.
According to the Renewables 2022 Global Status Report India is the third largest country in terms of setting up renewable power plants, after China (136GigaWatts) and USA (34GW). India set up 15.4 GW of power generation facilities.