FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
Middle East ESG Weekly Round-Up
Main ESG events happened at Middle East in the last week.
GRI Launches Service to Bridge EU Sustainability Reporting Gap
The GRI-ESRS Linkage Service aims to simplify compliance with the bloc’s new Corporate Sustainability Reporting Directive (CSRD).
China Retaliates with Trade Probe After EU Scrutinizes Solar, Wind Power
China’s probe will examine wind turbines, photovoltaic cells (used in solar panels), security equipment, and other products and will conclude by January 10th, 2025, with a possible extension to April.
Uttar Pradesh Cuts Road Tax on Hybrid Cars
Leading automakers Maruti Suzuki and Toyota are expected to see a significant rise in sales with this move.
Solar Industry Pushes for Extended Waiver on Transmission Charges
Currently, green power projects like solar, wind, and hybrid installations commissioned before June 30, 2025, are exempt from Inter-State Transmission System (ISTS) charges for 25 years.
Middle East ESG Weekly Round-Up
Main ESG events happened at Middle East in the last week
India to Finalize EV Manufacturing Scheme Guidelines Soon
While major global carmakers like Mercedes-Benz, BMW, and Hyundai participated in consultations, the much-awaited Tesla’s participation remains unclear.
Kerala Exempts Duty on Solar Power Generation
This decision comes just a day after the Kerala State Electricity Regulatory Commission (KSERC) increased the rate paid for solar energy sold to the grid.
Most Companies Unprepared for Upcoming Climate Reporting Rules; Accenture Survey
The findings highlight a disconnect between the rising focus on ESG issues and the ability of companies to report and manage them effectively.