New Delhi: India has ambitious plans to set up nuclear reactors across the country, especially in states where thermal power plants have either completed its life, or where access to coal is a challenge. With its focus on clean energy, India aims to reduce its dependence fossil fuels, and for this, the central government has…
India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies on selected petroleum products – the country…
WASHINGTON — Even as she promoted her efforts to boost clean energy, Vice President Kamala Harris said in Tuesday’s debate that the Biden-Harris administration has overseen “the largest increase in domestic oil production in history because of an approach that recognizes that we cannot over rely on foreign oil. The comment by Harris, a longtime…
Mumbai: India’s fast-growing renewable energy sector, which sparked a gold rush among leading conglomerates, private equity funds and startups, continues to grapple with a regulatory ambiguity that’s limiting growth. Renewable energy companies and their buyers are hesitant to sign virtual power purchase agreements (VPPAs), citing lack of regulatory clarity. They say these contracts – under…
