ENERGY - Renew Earth News

23
Apr

Sri Lanka’s power sector overhaul aims to fix deep-rooted inefficiencies, but challenges remain

Arul Karki / 2 months
0
4 min read

Sri Lanka is embarking on one of the most significant overhauls of its energy sector in decades, seeking to address chronic inefficiencies, mounting debt, and governance failures that have long strained the country’s economy. While policymakers present the reforms as a pathway to sustainability and affordability, analysts caution that structural changes alone will not guarantee […]

21
Apr

Top economies spent $314bn on fossil fuel subsidies in 2024

Md Ibrahim Khalilullah / 2 months
0
3 min read

The world’s largest fossil fuel importing economies spent about $314 billion subsidising fossil fuels in 2024, more than double their support for renewable energy, a new analysis has found. Data compiled by the International Institute for Sustainable Development (IISD) shows nine of the top 10 importing economies allocated $313.6 billion to fossil fuel subsidies last […]

30
Mar

45 countries to join Santa Marta summit on fossil fuel transition

Janefar Alam / 3 months
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2 min read

Bogotá — At least 45 countries have confirmed participation in a landmark international conference in Colombia aimed at accelerating the global shift away from fossil fuels, officials said. The “First Conference on Transitioning Away from Fossil Fuels,” co-hosted by Colombia and the Netherlands, will be held in the coastal city of Santa Marta from April […]

10
Mar

Energy shortages disrupt daily life as Bangladesh battles fuel crisis

Fatema Waz / 4 months
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2 min read

Bangladesh has introduced emergency measures including closing universities and restricting power use as it struggles to cope with a deepening energy crisis driven by rising fuel costs and supply constraints. The country, heavily dependent on imported energy, has been hit hard by global market volatility, forcing authorities to ration electricity and reduce consumption. Emergency response […]

12
Jan

Bangladesh’s renewable energy drive stalls amid land and policy hurdles

REN Report / 5 months
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3 min read

Bangladesh’s push to expand renewable energy is faltering under mounting land constraints, policy bottlenecks and weak investor confidence, raising concerns that the country could miss its climate targets despite rising energy demand and worsening fuel insecurity. The South Asian nation has pledged to generate at least 20 percent of its electricity from renewable sources by […]

21
Sep

Bangladesh Unveils Ambitious NDC 3.0: A Bold Leap Toward Net-Zero by 2050 Amid Rising Climate Perils

REN Report / 9 months
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6 min read

In a landmark move underscoring its frontline role in the global fight against climate change, the Government of the People’s Republic of Bangladesh has released its Third Nationally Determined Contribution (NDC 3.0), pledging significant cuts to greenhouse gas emissions while amplifying calls for international support to shield its vulnerable population from escalating environmental threats. The […]

16
Sep

Bangladesh loses $1.78 Billion Annually Due to Heat!

REN Report / 9 months
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3 min read

World Bank report: In Bangladesh, huge working hours are lost every year due to extreme heat. The financial losses are also huge. A new World Bank report says that in Bangladesh, about 250 million working days were lost due to increasing heat-related illnesses in 2024 alone. This has caused economic losses of 1.33 billion to […]

08
Mar

Sri Lanka’s Clean Revolution: The Blueprint for a Sustainable Future

Arul Karki / 1 year
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8 min read

The Clean Sri Lanka program is an innovative program by the government aimed at integrating sustainability in the environmental, social, governance, and economic domains. This article scrutinizes the core aspects of the initiative, outlining its vision, mission, and objectives, thus emphasizing its role in fostering a more dependable Sri Lankan economy. A Gazette notification has […]

23
Jan

Shining a Light on Change: Sri Lanka’s Transition to Solar Power

Arul Karki / 1 year
0
12 min read

“My electricity bill, which used to be Rs 55,000 per month, is now nil because I installed solar panels,” says Nishantha. He is an entrepreneur living in the Kinigama area of Bandarawela and earns additional monthly income through solar power generation. As a developing country in industrial and technological sectors, Sri Lanka’s energy needs are […]

24
Nov

Outcomes of the COP29

REN Report / 2 years
0
1 min read

COP29, held in Baku, Azerbaijan, achieved several significant outcomes. Significant Outcomes: A breakthrough agreement was reached to increase public finance for developing countries from $100 billion annually to $300 billion annually by 2035. This aims to support their efforts in combating climate change. Efforts were made to mobilize a total of $1.3 trillion per year […]