BIS Ups Safety Standards for Electric Vehicles in India
E-rickshaws and e-karts are gaining traction nationwide, prompting BIS to establish specific safety standards for these popular vehicles as well.
JLR to Develop EV in China: Inks Pact with Chery
JLR will license its Freelander brand, a Land Rover vehicle successfully produced from 1997 to 2015, for use in a new line of mainstream EVs.
Middle East ESG Weekly Round-Up
ESG news from Middle East this week.
New EU Green Rules to Hurt Developing Country Exporters
The Ecodesign for Sustainable Products Regulation (ESPR), recently adopted by the EU, mandates stricter environmental standards for a wide range of goods sold within the bloc.
Tata Communications Secures $250 Million Sustainability-linked Loan
The five-year sustainability-linked loan (SLL) is the first of its kind for Tata Communications under their newly established SLL framework.
Offshore Wind Capacity of 410 GW to be Installed Over the Next 10 Years
GWEC’s report pinpoints a significant acceleration in offshore wind installations towards the end of the decade, with two-thirds of the projected capacity coming online between 2029 and 2033.
IFC Invests $105 Million in Brookfield’s Solar Project
The IFC’s investment will be made through long-term loans allocated to the project’s special purpose vehicles and entities responsible for its implementation.
Middle East ESG Weekly Round-Up
Major ESG Updates in Middle East this week.
Climate Cost of Russia – Ukraine War is $32 Billion, Says Report
A new report by climate experts estimates that the war’s first two years generate greenhouse gas emissions equivalent to 175 million tonnes of carbon dioxide.
Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%
The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue.