Brazil Leads G20 with 89% Renewable Electricity Surge

12 Jul 2024 CW Team

Brazil has emerged as a standout among G20 nations in renewable energy adoption, according to the latest report by the global energy think tank Ember. In 2023, Brazil achieved an impressive milestone by generating 89% of its electricity from renewable sources, far surpassing the global average of 30%. Kostantsa Rangelova, an analyst at Ember, praised Brazil's progress, noting that the country had become a leader in renewables. She highlighted Brazil's historical reliance on hydroelectric power and its successful integration of wind and solar energy into its portfolio.

Rangelova emphasized that Brazil's emphasis on renewables has not only reduced its reliance on fossil fuels but also positioned it as a model for other G20 nations. She pointed out that in recent years, wind and solar energy alone contributed 21% of Brazil's electricity, a significant increase from 6% in 2016. Brazil also recorded one of the largest annual rises in wind and solar energy production globally, second only to China.

Despite these advancements, Rangelova acknowledged global challenges. While many G20 countries have seen reductions in their power sector emissions, overall emissions continue to rise, largely due to increased energy demands in emerging economies. She urged other nations to follow Brazil's lead in adopting sustainable energy practices to mitigate climate change concerns.

In conclusion, Brazil's proactive approach not only underscores its dedication to sustainability but also provides a blueprint for global energy transformation. Rangelova suggested that by emulating Brazil's strategies, G20 nations could lead the way towards a more sustainable energy future.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..