Regulation

During the event, IEA said that one crucial step to achieving the global climate goal is to increase clean energy at least four-fold.

The country aims to reach net-zero carbon emissions by 2070.

The mission aims to produce 5mmt of green hydrogen annually by 2030.

This is in line with UAE’s plan to diversify renewable energy sources. 

It is expected to present its recommendations to the UN General Assembly in September 2023.

It aims to be a global hydrogen powerhouse.

The bill will impose carbon trading and minimum consumption of non-fossil fuel sources.

This includes the Climate Change Act 2022 and the Climate Change (Consequential Amendments) Act 2022.

Consumption subsidies for fossil fuels will increase more this year.

Energy efficiency and electrification will help in emissions reduction.

This includes increasing the nuclear energy ratio to 30% by 2030.

The mission was held from 20 to 30 June.

This is mainly due to the 40% basic customs duty India levied on solar module imports.

Renewable energy sources are a “conduit for sustainable investments,” said IEEFA.

The probe involved imports from Cambodia, Malaysia, Thailand, and Vietnam.

Emissions-wary investors should mind the gap in the new three-tier taxonomy.