India Announces $4.3 Billion Investment In Clean Energy.

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• Renewable Energy To Become The World’s Top Source Of Electricity By 2025.

• Meme Of The Week.

• India Announces $4.3 Billion Investment In Clean Energy.

• Quick & Clean Weekly Bites.

Renewable Energy To Become The World’s Top Source Of Electricity By 2025.

Renewable energy will become the world’s top source of electricity within three years, new data reveals.

Demand for electricity is very high - and growing.

According to the International Energy Agency’s Electricity Market Report 2023, 90 per cent of new demand between now and 2025 will be covered by clean energy sources like wind and solar, along with nuclear energy.

This growth in output means that renewables will become the world’s largest electricity source within three years - providing 35 per cent of the world’s electricity and overtaking coal.

“The world’s growing demand for electricity is set to accelerate, adding more than double Japan’s current electricity consumption over the next three years,” said IEA Executive Director Fatih Birol.

“The good news is that renewables and nuclear power are growing quickly enough to meet almost all this additional appetite, suggesting we are close to a tipping point for power sector emissions.”

Meme Of The Week

India Announces $4.3 Billion Investment In Clean Energy.

The Indian government has pledged to invest $4.3 billion in green technology to clean up the country’s economy and create jobs.

In the announcement, Indian authorities included a focus on solar power from the Himalayan region of Ladakh and green hydrogen production.

Announcing her government’s annual budget today, finance minister Nirmala Sitharaman told parliament: “We are implementing many programmes for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy”.

“These green growth efforts help in reducing carbon intensity of the economy and provides for largescale green job opportunities,” she added.

The announcement comes after the US approved a $500 billion green spending package to curb climate emissions and Japan laid out a plan to issue $150 billion in “green transition” bonds. The EU unveiled this month its own $270 billion plan to subsidize Europe’s green industry.

Despite its low per-person emissions, India’s huge population makes it the third-biggest emitter in the world. The country has pledged to reach net zero by 2070.

Quick & Clean Weekly Bites.

• Back in 2014, seven households of UK social housing tenants were surprised to be offered PV panels by their local authority. Despite their initial skepticism, the families took ownership of the opportunity to become prosumers - both producing and consuming rooftop solar energy - gaining cheaper access to electricity and sharing it with their communities. Link.

• Agriculture is a major source of greenhouse gas emissions. To help UK consumers in their search for climate and animal-friendly foods, the rights group People for the Ethical Treatment of Animals (PETA) has launched its first-ever Farming Awards. Focusing on ethical, animal-free farming, the awards spotlight producers for their eco-friendly practices and products, from a seaweed farm in Scotland to a beef farmer who recently moved all his cows to a sanctuary. Link.

• Electricity bills rose across France on 1 February and steadily over the past year. But in tiny Muttersholtz - a French village with just 2,200 inhabitants - the price-hike was greeted with some nonchalance. Their municipal bills were already near zero thanks to the pioneering use of solar power and hydropower. Link.