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.
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.
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.