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IndianOil to invest Rs 1,660 crore in joint venture with NPTC

 Indian Oil Corporation (IOC) will invest Rs 1,660.15 crore as equity in its 50:50 joint venture with NTPC to establish renewable power plants for IOC’s refineries. The aim is to generate a minimum capacity of 650 MW of round-the-clock renewable power   Indian Oil Corporation  is set to invest Rs 1,660.15 crore as equity in […]

Indian Biogas Association receives pledge for investment worth Rs 2,755 crore

The Indian Biogas Association (IBA) has received pledges of new investments totaling Rs 2,755 crore during the Renewable Energy India Expo. The investments, which are expected to be realized in the next three years, were made by companies from various countries including Germany, Sweden, and Italy   The Indian Biogas Association (IBA) recently was at […]

EU Weighs India’s Bold Carbon Tax Bid

The European Commission has allayed the apprehensions of Indian exporters, especially regarding reporting standards for carbon-intense goods.This gesture addresses concerns that emerged during the CBAM’s initial phase, which began this October    India’s proposal for the local collection of carbon taxes aimed for specific exports to the union is being considered by the European Union […]

Union Minister Stresses Vital Role of EVs in India’s Climate Action Efforts

EV-Ready India dashboard forecasts 45.5 per cent  Compounded Annual Growth Rate in electric vehicles between 2022 and 2030. Annual sales of 1.6 crore EVs in India by 2030    Decarbonising the transport sector is a crucial step in reducing carbon emissions, according to the Union Minister for Power and New & Renewable Energy. Transport accounts […]

India Proposes Shift to Carbon-Negative Goals, Puts Pressure on Developed Nations at COP28

 India aims to power half its installed capacity through non-fossil sources and reduce greenhouse emissions to 45 per cent of its 2005 levels by 2030    In a significant development, India is advocating for a substantial shift in global carbon commitments, urging developed nations to transition from carbon neutrality to carbon negativity by 2050. This […]