India’s central government aims to introduce a US$1 billion private equity fund dedicated to the renewable energy sector, according to India’s energy minister Piyush Goyal.
India as a nation is set to contribute more than any other country to the rise in global energy demand over the next 25 years to meet rising incomes and population, however, its energy demand per capita will still be 40% lower than the global average, according to a report from the International Energy Agency (IEA).
Brazil’s energy regulator the National Electric Energy Agency (ANEEL) has approved an “historic” revision of the country’s net metering scheme for small-scale renewable energy systems, making it amongst the most forward-thinking countries in this sector, according to Rodrigo Sauaia, the director of Brazil’s solar industry association, Absolar.
A new set of renewable energy guidelines and targets set down by the government of Alberta, known as the Climate Leadership Plan, has been introduced in order to push the province’s transition from coal to new green energy options.
Australia’s Green Party has proposed a pathway to reaching a “90% by 2030” renewable energy target for the country, also proposing to double energy efficiency from current levels.