Energy

The government of the Maldives has announced plans to launch a wind energy pilot project in Noonu Atoll Manadhoo, aiming to expand the nation’s renewable energy initiatives.

The MoU was signed on Monday by Chowdhury Liakat Ali, Director of the Sustainable Finance Department at Bangladesh Bank, and Stefan Liller, UNDP Bangladesh's Resident Representative, a UNDP press release said.

Transitioning to sustainable systems requires substantial investment and coordinated effort across sectors. Additionally, achieving these goals hinges on overcoming resistance from vested interests, such as industrial agriculture and fossil fuel industries.

The cyclone, which struck in May 2024, caused extensive damage, including the prolonged shutdown of the Summit LNG terminal, one of Bangladesh’s two floating, storage, and regasification units (FSRUs).

CIL's initiatives illustrate a comprehensive approach to ESG standards, integrating environmental, social, and governance objectives, the coal and mines minister said.

A small tax on just seven of the world’s biggest oil and gas companies could grow the UN Fund for Responding to Loss and Damage by more than 2000 per cent, as shown in an analysis by environmental organisations Greenpeace International and Stamp Out Poverty.

Produced using renewable energy sources like solar, wind, hydro and biomass, Green Hydrogen offers a clean and sustainable alternative to fossil fuels.

Kirti Vardhan Singh urged all nations to work with determination toward meaningful outcomes at CoP29, describing the conference as pivotal for shaping future climate action.