More governments increased plans to support renewable energy and reduce emissions from fossil fuels, like oil and gas, in 2022.
In India, the government plans to send $2.6 billion to support the manufacture of equipment used for solar energy.
Companies like Renew Power hope to gain from the plan. The energy company has over 100 clean energy projects across India. It has also become the world’s tenth largest solar and wind energy company in 10 years.
Renew Power’s chief Sumant Sinha said the government spending on renewable energy sends “a strong signal” that the country wants “to become a manufacturing location for renewable energy equipment and a global alternative to China…”
In August, The United States signed into law the Inflation Reduction Act. The legislation includes about $375 billion in spending over the next 10 years to support renewable energy. The law…
A Year for Clean Energy
