Governments have pledged $2 trillion in clean energy since 2020: IEA

30 Sep 2024 CW Team

Governments worldwide have allocated close to $2 trillion in direct investment for clean energy initiatives since 2020, according to a new report from the International Energy Agency (IEA). This marks almost three times the amount invested following the 2007-08 financial crisis, with most of the funding coming from China, the European Union, and the United States.

The State of Energy Policy 2024 report highlights how recent global crises have pushed policymakers to prioritise energy security and clean energy investments. A significant portion of these funds is directed towards incentives for low-emission vehicles, hydrogen, and battery technologies, which collectively represent around 10% of total government spending since 2020.

The report also underscores the impact of the global energy crisis, where short-term government support reached $940 billion at its peak. IEA Director of Sustainability, Laura Cozzi, noted that this level of investment in clean energy demonstrates a growing recognition of its role in both reducing emissions and enhancing energy security.

In addition, domestic manufacturing incentives for clean energy technologies have continued to rise, alongside policy interventions such as energy performance standards. In 2023 alone, 35 countries—accounting for 20% of global greenhouse gas emissions—introduced new regulations aimed at improving energy efficiency.

The report offers a comprehensive overview of global energy policies, providing insights into significant developments over the past year. It also includes the Energy Policy Inventory, a publicly accessible database with over 5,000 energy-related policies from across the globe. (ET)

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..