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Its time to make clean energy investment in emerging and developing economies a top global priority

Financing Clean Energy Transitions In Emerging And Developing Economies Report Cover
The world’s energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, calling for a step change in global efforts to mobilise and channel the massive surge in investment that is required, according to a new report by the International Energy Agency.
The special report – carried out in collaboration with the World Bank and the World Economic Forum – sets out a series of actions to enable these countries to overcome the major hurdles they face in attracting the financing to build the clean, modern and resilient energy systems that can power their growing economies for decades to come. ....

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G7 Nations Inject USD 190 Billion Into Fossil Fuels Despite Leaders Pledges for a Green Recovery

New report finds G7 nations have been pumping more money into fossil fuels than clean energy between January 2020 and March 2021, despite pledges to “build back better” Coal, oil and gas received US$189 billion in support, compared to $147 billion for clean forms of energy, since the start of the pandemic More than 8 in every 10 d ....

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Join the conversation on how to ensure people are at the heart of clean energy transitions

The International Energy Agency is inviting input from people around the world on ways government can make their clean energy policies more inclusive and equitable in order to maximise the benefits for the public. The contributions will help to inform the work of the Global Commission for People-Centred Clean Energy Transitions . ....

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Front-line communities are vital for Biden's 40 percent climate justice pledge

If the administration takes a typical inside-the-beltway approach to implementing the Justice40 Initiative, people with money, connections and lobbyists will take advantage of the situation to pad their own bank accounts and cement their own power. The communities that are supposed to benefit will once again lose out.
But if the administration centers communities already dealing with the effects of dirty energy and climate change by adapting and creating solutions that work for everyone, then the Justice40 Initiative could be the most important living legacy of the Biden-Harris administration.
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Let’s be clear: 40 percent is not justice, because these communities have endured disinvestment and environmental degradation for generations. But it is a critical starting point. So, let’s start by meeting a few of the community groups innovating solutions on the front lines of the climate crisis: ....

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Hold back basic customs duty on solar equipment in Budget: Developers

Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget.
They fear that this could derail the government s ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore.
According to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the country. About 50 GW of clean energy is under implementation, while India has already installed over 90GW renewables, including 37GW of solar and 38GW of wind energy. ....

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