India has approved a massive ₹72.8 billion ($815.74 million) programme to manufacture rare earth permanent magnets domestically, marking a major strategic step toward reducing its reliance on imports. The announcement was made by Information Minister Ashwini Vaishnaw following a cabinet meeting on Thursday. Read More: China’s rare earth export curbs threaten India’s EV future The government stated that […]
renewable energy
Pakistan’s renewable future hindered by weak power grid: UN
ISLAMABAD: Pakistan’s vast potential for solar and wind energy gives it a strong foundation to move towards low-cost, carbon-free electricity, but outdated and fragile grid infrastructure poses a major challenge, according to a new United Nations report. The 2025 Review of Climate Ambition in Asia and the Pacific, released by the UN Economic and Social […]
Lula: Earth can no longer sustain humanity’s dependence
BELEM, Brazil: Brazil’s President Luiz Inacio Lula da Silva issued a stark warning on Friday, urging a rapid transition away from fossil fuels to prevent climate catastrophe. Speaking at a summit in the Amazon ahead of COP 30, Lula said humanity could no longer sustain the centuries-old development model reliant on coal, oil, and gas. […]
China unveils 2035 climate goals ahead of COP30
BANGKOK – China, the world’s largest emitter of greenhouse gases, is also leading the global shift toward clean energy by installing more renewable power and putting more electric vehicles on its roads than any other country. Ahead of the COP30 climate talks in Brazil, Beijing has outlined its latest climate commitments aimed at balancing growth with […]
Meta acquires 1GW solar power to fuel AI ambitions
Tech giant Meta has signed a deal to acquire around 1 gigawatt of solar power, further expanding its renewable energy portfolio to over 3 gigawatts this year, as the company seeks to support its growing artificial intelligence operations. Meta finalized two agreements in Louisiana to purchase the environmental attributes of 385 megawatts of electricity, with […]
Govt mulls halving solar net metering rate amid rising grid costs
ISLAMABAD — The government is considering a major revision to Pakistan’s solar net metering policy, proposing to slash the buyback rate from Rs22 per unit to around Rs11.30, The News reported on Friday. The move follows concerns that the current rates are burdening grid electricity consumers with rising costs. Official data shows that the rapid […]
Chinese investors target Pakistan’s green and health sectors
ISLAMABAD — A high-level business delegation from China’s All-China Federation of Industry and Commerce (ACFIC) met with the Competition Commission of Pakistan (CCP) on Wednesday. The group, led by Director Yi Jiang, discussed investment opportunities in Pakistan. They explored sectors like renewable energy, healthcare, education, and logistics. During the meeting, CCP Chairman Dr. Kabir Ahmed […]
MPs criticize sudden shift in solar policy
The Economic Affairs Committee of Pakistan’s National Assembly has raised serious concerns over the government’s solar energy policy. During a recent meeting, committee members highlighted contradictions in the current policy. They questioned the reduction in solar net metering rates and the government’s changing stance on renewable energy. Chairman Mohammad Atif Khan led the session, focusing […]
Government suspends additional tax on solar energy users
The federal government has decided to halt the proposed additional taxes on solar energy users. Official sources confirmed that the government will also review the net metering policy. Prime Minister Shehbaz Sharif and several federal ministers opposed the plan to tax solar power consumers. They voiced concerns over the impact on those generating electricity through […]
Renewable energy only viable solution to fulfill cheap electricity demand, says Energy Minister
FAISALABAD: Punjab Minister for Energy Dr Muhammad Akhtar Malik has said that only renewable energy is a viable solution to meet the demands of cheap electricity. He was talking to the media during the inaugural ceremony of a solar project at the University of Agriculture Faisalabad (UAF) on Saturday. He also laid the foundation stone […]