The Punjab Energy Development Agency has released a draft green hydrogen policy aiming to achieve a green hydrogen and ammonia production capacity of 100 kilo tonnes per annum by 2030. The policy proposes extending incentives under the existing “Punjab Industrial and Business Development Policy 2022” to new green hydrogen and …
The Ministry of Power has recently released a notification on June 30, 2023, introducing additional amendments to the Electricity Rules, 2005. Prior to the first amendment, a power plant could qualify as a captive generating plant if the captive user held at least twenty-six percent ownership. However, the present amendment …
The Ministry of Power has notified the National Electricity Plan Notification (Amendment) Rules, 2023. These Rules were notified on 30th June, 2023 and come into effect from that same date. The rules amend the existing National Electricity Plan Notification Rules, 2004. The key amendment is related to Rule 3, which …
Energy subsidies, which have a long history of use by governments around the world, have been rising in recent years after a brief period of decline. Despite their significant wider costs, subsidies are used by governments for various policy, and political reasons. Faced with recent external shocks, governments around the …
Ministry of Power has carried out a series of reforms in the power sector, which have facilitated ease of doing business, ease of living, protecting rights of electricity consumers and have also kept the price of power at reasonable rates. In exercise of the powers conferred by Section 176 of …
After a decade of progress, the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities, according to the World Economic Forum's Fostering Effective Energy Transition 2023 report. The Energy Transition Index, which benchmarks 120 countries on their current energy system performance and on the readiness of …
This report explores the role of risk mitigation and transfer (RMT) instruments for enabling renewable energy investments in Southern Africa Development Community (SADC) countries by examining empirical evidence from several projects in the region. Renewable energy has been one of the most successful sectors in using limited public funds to …
The oil and gas industry has some of the best and most cost-effective opportunities to reduce methane emissions. The potential to do so is clear. Some countries and companies have already demonstrated that achieving near-zero emissions from oil and gas operations is technically and economically possible. There are a growing …
To facilitate a sustainable switch to electricity as the primary cooking fuel in India, several significant obstacles must be overcome, including the high upfront cost of electric cookstoves, the availability of affordable and reliable renewable electricity, and the need for behavioural change to adapt to a cultural shift. Electric cooking …
The Ministry of Power (MoP) has released a report titled- National Energy Data: Survey and Analysis 2021-22. The report has been prepared by MoP through Bureau of Energy Efficiency in collaboration with NITI Aayog, various line ministries and departments, institutions, and other stakeholders. The report provides granular information about energy …
The International Renewable Energy Agency (IRENA) has released its World Energy Transitions Outlook (WETO) 2023, emphasizing the urgent need for a significant increase in renewable power capacity. The report highlights the importance of tripling annual renewable power additions by 2030 to stay on track with the 1.5°C climate target set …
A country is dependent on the export of commodities (or “commodity-dependent”) when its merchandise exports are heavily concentrated on primary commodities. The source of commodity dependence can be linked to a country’s persistent or structural conditions, such as its resource endowment and factor composition, institutional framework, geographic situation, history among …
The National Green Hydrogen Mission envisions India to be a leading manufacturer and a major hub for green hydrogen in the world. However, India lacks the necessary infrastructure and some of the key technologies that are needed to realise these goals. India does not produce green hydrogen at a commercial …
This special report by the International Energy Agency (IEA) and International Finance Corporation (IFC) examines how to scale up private finance for clean energy transitions by quantifying the investments required in different regions and sectors to build modern, clean energy systems, including achieving universal access. The new global energy economy …
This discussion paper gives a brief overview of the methodology, including an analysis of the required rate of equity return or debt for solar projects, by country, under current cost-of-capital environments. While specific rates can vary considerably depending on conditions at the time of project finance needs, the overall take …
Electrifying the use of energy in industry, transport and buildings with renewables is a cost-effective way to decarbonise end-use sectors, increase security of supply, reduce dependency of imported fossil fuels and mitigate risks of fuel prices volatility as experienced in recent years. This new report by the International Renewable Energy …
Financial and economic concerns are paramount for the international banking industry to continue supporting and investing in the global renewable energy supply system. The transition to renewable energy to achieve the mission of decarbonisation is capital-intensive and needs substantial bank involvement to evaluate the risk-return profiles of such projects. However, …
Although the government wants NTPC, India’s largest power producer, to add 7 gigawatts (GW) of brownfield thermal power capacity, this new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds that acquiring and subsequently reviving stranded thermal plants is a better option for all stakeholders. The report …
The global energy crisis has moved energy security to the fore of the international policy agenda and boosted the momentum behind the deployment of clean energy technologies. Investment in clean energy is accelerating at a faster rate than for fossil fuels, helping bring peak oil demand into view. Oil 2023, …
This new report from Australian think tank Climate Energy Finance says booming solar investments is leading to a potential tipping point which could “dramatically accelerate the decline of the incumbent fossil fuel industry, and the decarbonisation of the world economy.” Climate Energy Finance (CEF), established in 2022 by leading Australian …
The Electricity (Rights of Consumers) Amendment Rules, 2023, mention that the time of day (ToD) tariff specified by the state commission for commercial and industrial consumers during peak hours of the day shall not be less than 1.2 times the normal tariff and for other consumers, it shall not be …
