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Asia has fastest growth rate of wind, solar capacity at 35% per year: Report

The new study that highlights the Asian region as the global leader in wind and solar development coincides with government leaders, businesses and civil society organisations gathering in the southern Malaysian city of Johor Bahru this week to enhance cooperation and discuss climate solutions in Asia and the Pacific   Asian investments in renewable energy […]

Negotiations Resume On Global Treaty On Plastic Pollution

The leaders at the meeting agreed that to deal with plastic pollution, humanity must change the way it consumes, the way it produces, and the way it disposes of waste The third session of the Intergovernmental Negotiating Committee, aimed at developing an international legally binding instrument on plastic pollution, including in the marine environment, has […]

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.   […]

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 […]