Tag:Renewable energy

As global energy markets evolve and climate commitments intensify, Sri Lanka’s private sector is clear: delaying the transition carries unacceptable economic and security risks.

The funds, primarily structured as low-interest concessional loans through Germany's development bank KfW, will target key priority areas aligned with India's ambitious climate goals and the broader framework of the Green and Sustainable Development Partnership (GSDP), launched in 2022.

Experts argue that meeting Nepal’s 2045 net-zero target and Sustainable Development Goal 7 – affordable and clean energy for all – will require a fundamental rethink of biogas policy.

A new report by the International Centre for Integrated Mountain Development (ICIMOD) warns that as demand for energy surges, regional cooperation will be crucial to meeting development and climate goals.

The report estimates an average annual growth rate of 33 per cent in rooftop solar installations over the next two fiscal years – driven by a combination of rising energy demands, falling technology costs, and supportive policy frameworks.

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.