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India to invite bids for 20 critical minerals, including lithium, in 2 weeks

India plans to invite bids within two weeks for 20 crucial mineral blocks, encompassing minerals like lithium and graphite, aiming to bolster domestic resources for the green energy shift. State-run enterprises have been actively scouting the globe in search of these valuable mineral resources       India is set to start the bidding process […]

By 2030, World Needs To Cut Emission By 43%: UN Report

As per a new UN synthesis report, the world needs to reduce emissions by 43 per cent by 2030 to limit global temperature rise, but current mitigation efforts are projected to only achieve a 2 per cent reduction. The report also states that while emissions will not increase after 2030, they are not decreasing rapidly enough to meet the necessary […]

Adani Electricity Set Forth buyback of USD 120 million senior secured notes due in 2030

 This strategic move is aimed at reducing the overall leverage of Adani Electricity Mumbai, aligning with the broader objective of Adani portfolio companies to consistently enhance financial metrics   Adani Electricity Mumbai , a subsidiary of Adani Energy Solutions, has revealed a offer to repurchase a portion of its  senior secured notes, amounting to USD 120 […]

Global EV sales stay strong, China hits record despite end of subsidies

China ended an 11-year subsidy scheme for EV purchases in 2022, but some local authorities have continued to offer aid or tax rebates to attract investments as well as subsidies for consumers  Electric vehicle sales are seeing continued strength globally, with China reporting record monthly sales in October despite the end of subsidies, according to […]

Heat Is On UAE To Deliver At COP28

As the eighth-largest global oil producer, the UAE faces the dilemma of transitioning away from high-emission fuels while being among the highest per capita emitters globally To achieve climate goals, nations must significantly increase their ambition levels promptly. The upcoming COP28, hosted by the United Arab Emirates (UAE), will be crucial in addressing the challenge […]

Tesla To Double Its Auto Components Imports From India: Piyush Goyal

This visit is notable amid reports suggesting that India is considering providing customs duty concessions to Tesla for establishing a manufacturing plant in the country Commerce and Industry Minister Piyush Goyal visited the manufacturing facility of US-based electric vehicle giant Tesla in Fremont, California, and announced that the company plans to double its auto component […]

Coal Ministry Ensures Adequate Dry Fuel Supply for Thermal Power Plants 

In a statement, the coal ministry outlines its ambitious targets, aiming to produce 1,404 million tonnes (MT) of coal by 2027 and a further increase to 1,577 MT by 2030, up from the current annual production level of approximately one billion tonnes. Presently, coal supplied to domestic coal-based power plants stands at around 821 MT […]

Adani Electricity Powers Mumbai with Renewable Energy for Four Hours on Diwali

Adani Electricity supplied 1,200 MW of power from renewable  sources to Mumbai for four hours on Diwali day. This accounted for over 40 per cent of the city’s power needs during that time. The company relied on wind and solar generation to achieve this milestone. Adani electricity plans to increase the percentage of power sourced […]

G20 Success: Focus of New Delhi declaration on achieving ESG goals

The environmental commitments in the New Delhi Declaration are a response to the urgent need for progress on the United Nations Sustainable Development Goals (SDGs)   The recent 2023 G20 Summit in New Delhi marked a moment in the global pursuit of Environmental, Social, and Governance (ESG) goals.  G20 leaders  prioritise sustainable development with a […]