The ongoing shortage of fuel across the world due to the Russia-Ukraine war has exponentially increased the fossil fuel investments from the countries. The UN Chief António Guterres described it as “delusional” and added that this would only feed the war and worsen the climate change impacts.
The new report published by the Institute for Energy Economics and Financial Analysis (IEEFA) has announced that India’s renewable energy investment has increased by more than 125 percent and reached a record $14.5 billion in the financial year 2021-22.
Developing asian countries have been criticised for not making a fast transition to renewable energy and burning coal and oil.
Global Covenant of Mayors for Climate and Energy which is funded by the European Union have chosen Jamnagar and Junagadh for climate action plan implementation.
Adani Hybrid Energy Jaisalmer One Limited (AHEJOL), a subsidiary of Adani Green Energy Limited (AGEL) has announced the commissioning of India’s first hybrid renewable energy plant in Jaisalmer, Rajasthan.It is a 390 MW solar-wind hybrid project.