Renewable energy

The new NDA will recommend and authorise projects under Article 6.4, including activities ranging from renewable energy and green hydrogen to green ammonia and carbon capture, utilization, and storage (CCUS).

Passing Gifts, active in Odisha’s Mayurbhanj, Keonjhar, and Koraput districts, supports rural livelihoods through backyard poultry, goat rearing, and spice value chains.

Afghanistan’s domestic power generation, though improving, remains insufficient. Hydroelectric, solar, and fossil fuel-based plants contribute to the national grid, but infrastructure limitations and growing demand have kept supply far below need.

Though Nepal has introduced climate budget tagging to track climate-related public spending, gaps remain in strategy, transparency, and alignment with national climate goals.

A core feature of the initiative includes $40 million in World Bank Group guarantees in the first phase. This will help reduce risks for private investors and energy producers.

For renewable energy to truly fulfill its promise, the world must invest not only in expanding capacity but also in building a system that is resilient, adaptable, and informed by the best available climate science.

The report's optimism stems from the observation that 2023 marked the first year where the continued expansion of building construction was decoupled from the corresponding rise in sector greenhouse gas emissions.

Since 2014, India has improved electricity access, strengthened energy security, and set a foundation for clean energy transition. However, meeting the 2030 goal requires adding 56 GW of non-fossil capacity annually.