Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.
Europe Launches Probe into Chinese Wind Turbine Subsidies
Margrethe Vestager, the EU’s anti-trust chief, announced the probe, citing worries that Chinese state subsidies grant unfair advantages to their wind turbine producers.
RBI’s Move to Allow Foreign Investments in Green Bonds Accelerates India’s Green Revolution
The government has a stated target of raising ₹20,000 crore (US$2.4 billion) via SGrB issuance in FY24, with ₹12,000 crore (US$1.4 billion) planned to be raised in the first half of FY25.
Hyundai and Kia Partner with Exide for Local EV Battery Production in India
Hyundai and Kia aim to localize their EV battery production in India, with a particular focus on Lithium-iron-phosphate (LFP) cells.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.
Adani Green Emerges as India’s Renewable Energy Leader with 10K MW Capacity
This milestone was achieved after commissioning a 2,000 MW solar plant at the giant Khavda Solar Park in Gujarat.
Xiaomi Electrifies the EV Market: SU7 Debuts with 90,000 Orders in 24 Hours
The SU7 boasts impressive features, including a claimed range of up to 800 kilometres on a single charge and a 0-to-100 km/h acceleration time of a mere 2.78 seconds. The top speed is 265 kilometres per hour.
We Waste One-third of Our Food When Billions Starve!!
This amounts to approximately 1.3 billion tonnes of food lost or wasted each year, a number that could feed billions facing hunger. Or more precisely, this much wasted food can feed all the 811 million hungry people twice.
Microsoft Inks Deal for Biochar Carbon Removal Credits
Microsoft signed a 6-year agreement with The Next 150, a climate solutions provider, to purchase 95,000 tons of carbon removal credits.
Adani Green Pledges 45 GW by 2030
The centrepiece of Adani Green’s plan is the Khavda renewable energy park in Gujarat, India. Spanning a staggering 538 square kilometres – more than five times the size of Paris – this colossal project will be the world’s largest renewable energy park upon completion.