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Greenhouse gases hit record high in 2022: UN

The three major greenhouse gases – carbon dioxide, methane, and nitrous oxide ,all reached unprecedented levels in 2022 United Nations on 15 November warned, Greenhouse gas concentration in the atmosphere has hit new record highs in 2022 with no sign of scale down. The UN’s World Meteorological Organisation said levels of the three main greenhouse […]

Asia-Pacific Climate Initiatives Target Net Zero Cities

City’s strategic use of municipal bonds, supported by the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), has set a precedent in India for market-based fundraising   Nagpur is using groundwork for energy-efficient housing and comprehensive energy audits under the Building Energy Accelerator project.   The city has joined the Zero Carbon Buildings Accelerator initiative, […]

India Not To Compromise On Growing Energy Demand Of Indian Economy But Develop Responsibly: R K Singh

India’s per capita emissions are one-third of the world average, while developed countries have three times the world average.   Minister of Union Power and New & Renewable Energy R. K. Singh declared on Tuesday that India will responsibly expand its generation capacity while refusing to give in to the country’s mounting energy demands.   […]

EU brings law to hit fossil fuel imports with methane emissions limit

The law also bans most cases of flaring and venting, when companies intentionally burn off or release unwanted methane into the atmosphere, from 2025 or 2027 depending on the type of infrastructure The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe’s oil and gas imports from 2030, […]

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 […]