IEA Reports Near-Record Methane Emissions from Energy Sector
The International Energy Agency (IEA) has issued a concerning report indicating that methane emissions from the energy sector were near a record high in 2023. This revelation underscores the urgent need for intensified efforts to curb methane emissions, a potent greenhouse gas contributing to climate change.
According to the IEA report, methane emissions from the energy sector reached alarming levels in 2023, driven primarily by increased oil and gas production. The rise in methane emissions poses significant environmental and climate risks, exacerbating global warming and air pollution..
IEA Lowers Global Oil Demand Growth Forecast
The International Energy Agency (IEA) has revised down its forecast for global oil demand growth in 2024, signalling a shift in the trajectory of the global oil market. This adjustment, influenced by evolving economic conditions, geopolitical factors, and changing consumer behaviours, underscores the complexities and uncertainties surrounding the energy landscape. The IEA's updated projection is anticipated to have significant implications for oil-producing nations, energy companies, and policymakers worldwide, shaping investment decisions, supply strategies, and energy transition initiatives...
India is ranked as the third-largest solar power generator.
As per global energy think tank Ember, India became the world's third-largest solar power generator, surpassing Japan and improving from ninth place in 2023, driven by significant growth in solar generation. The report also shows the world's fastest-growing electricity source for the nineteenth consecutive year is solar. The report, highlighting 80 countries representing 92% of global electricity demand, found that solar produced a record 5.5% of global electricity in 2023. In line with this trend, India will generate 5.8% of its electricity from solar in 2023. The port has been published by ..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..