Indian Steelmakers to Meet Global Emission Standards by 2030; Says Crisil
Lowering emissions will enhance their environmental credentials and also open doors to new funding avenues.
Will Europe Launch Carbon Tax on LNG Imports?
The EU launched its carbon border adjustment mechanism (CBAM) in October 2023, initially targeting specific industries like steel and aluminum. While LNG isn’t included for now, the bloc has extended its Emissions Trading Scheme (ETS) to shipping.
The Price War on Batteries to Reduce the Cost of EVs
China’s CATL, the world’s largest manufacturer of batteries for electric cars, plans to halve its battery costs this year, igniting a price war with Chinese Car maker BYD’s subsidiary FinDreams.
JSW MG Motors JV Targets 1 Million EV Sales by 2030
The JV aims to capture 33% of the new energy vehicle market within the decade.
Grasim Raises ₹1,250 crore from IFC Through Sustainability Bonds
The proceeds from this initiative will be directed towards supporting decarbonization efforts within its new paint-manufacturing business.
Gensol Engineering Completes 160 MW Solar Installation
The project is in Bhavnagar, Gujarat for Continuum Green Energy and is valued at Rs 128 crore.
PSUs Partner for Renewable Energy Projects
The SPV by REC and BHEL, aims to commence operations with a capacity of 1 GW, with plans for further expansion.
India Govt Approves New Electric Vehicle Policy: Will Tesla Enter India?
The policy mandates a minimum investment of ₹4150 crore ($500 million) with no upper limit on investment. Under this policy, companies are required to establish their manufacturing facilities in India within three years and start commercial production of EVs.
Coal PSUs to install 9 GW Renewable Power Capacity
Currently, state-run coal mining companies, including Coal India and its subsidiaries, possess an installed renewable energy capacity of 1.75 GW, comprising 1.7 GW of solar and 51 MW of wind capacity.
KMA Sustainability Summit Highlights Importance of Poverty Eradication
The governments should lead the charge in fostering positive change and draw inspiration from Mahatma Gandhi’s teachings on cleanliness and freedom, says MJ Akbar.