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Spending on clean energy must ramp up – IEA


Spending on clean energy must ramp up – IEA
Fossil fuels still account for 43pc of energy spending, with same proportion expected for next year, the agency says
Fossil fuel investments accounted for 43pc of global energy spending in 2020, and the amount spent is expected to rise again in 2021, according to the IEA World Energy Investment Report.
More than $726bn was invested in the fossil fuel industry in 2020 out of a total of $1,688bn spent within the energy industry, with the bulk of the rest ($614bn) going to renewables and electricity networks.
A similar pattern is expected for 2021, with fossil fuels expected to account for 43pc of a total of $1850bn investments. “Much greater resources have to be mobilised and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050,” says the IEA’s Fatih Birol. “Bas ....

Fatih Birol , World Energy Investment , Energy Investment , பாடிஹ பைரோல் , உலகம் ஆற்றல் முதலீடு , ஆற்றல் முதலீடு , நான் L ,

Welcome To IANS Live - BUSINESS - CESL, CLASP tie up to deploy energy efficient technologies at scale


Photo Credit: IANS
IANSLive
New Delhi, June 2 (IANS) Centre backed Convergence Energy Services Limited (CESL) on Wednesday signed a Memorandum of Understanding (MoU) with an international non-profit organisation CLASP for the deployment of high-quality energy efficiency technologies.
 
For susbcription contact   ....

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State Gives More Time For Input On N.H.'s 10-Year Energy Strategy


Credit Calpine
The state is giving the public more time to weigh in on its 10-year energy strategy, as part of a required update.
The strategy comes from the governor s office of strategic initiatives and was last updated in 2018. In the future, it would become the purview of the new state Department of Energy likely included in the next state budget.
The current strategy focuses on lowering costs for ratepayers and an all-of-the-above approach to fuel diversity – including emissions-cutting renewables, nuclear power and natural gas.
As for climate change, the state strategy argues the best way to fight it is for clean fuels to compete on their own, without subsidies or government mandates. ....

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