Does energy hold the key to transforming fortunes in Zimbabwe | Hogan Lovells jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
THE election of Joe Biden as the 46th president of the United States has brought cheer to the renewable energy (RE) industry in the country. He has pledged to combat climate change under a US$2 trillion plan while creating millions of jobs at home in the green sector.
On Jan 27, the White House announced that Biden will ensure that the federal government leverages its buying power to procure carbon-pollution-free electricity, made in the US, to stimulate clean energy industries.
Once in office, he also cancelled the construction of the Keystone XL gas pipeline.
As a result, investors piled into RE stocks, including solar energy stocks. The Invesco Solar Exchange Traded Fund (ETF), which tracks an index of solar energy stocks, had returned 237.93% over the one-year period ended Jan 31.
Power Sector Outlook 2021:A defining year for India’s clean energy future January 20, 2021, 5:36 PM IST
Jaideep Mukherjee is CEO at Smart Power India.
The power sector outlook for the year 2021 looks bright despite the COVID-19 disruptions. The sector is currently on the path to recovery with a steady improvement in power demand and recovery in economic activities. The year 2020 witnessed a slew of powerful measures such as the announcement of privatization of DISCOMs in the Union Territories, the special liquidity infusion of INR 90,000 crores into the distribution utilities and the increased focus on consumer rights that set the stage for greater structural reforms in the power. This trend is expected to continue in 2021.
BW Businessworld
Electricity Amendment Bill 2020: Why Does It Trouble The Farmers?
The government and the farmer groups are in the midst of a resolution but are yet to come up with something conclusive.
Photo Credit :
The farmers are protesting the Electricity (Amendment) Bill, 2020 in addition to the three farmer bills in Delhi. The Bhartiya Kisan Union (BKU) spokesperson Rakesh Tikait clarified in a media address that the impact of the regulations in this bill has been sorted. The government has given a verbal assurance that the bill will be scrapped. While the talks are on a positive line, a grey area remains until the law is officially repealed.