Opna to help companies funding carbon projects

Opna, a London-based company, which rebranded from Salt some three months ago, announced it has raised $6.5 million in seed funding as it looks to connect projects with corporates seeking to address their emissions as part of the so-called voluntary carbon market (VCM). It is setting out to solve, with a platform that helps corporations

Kenya bets on carbon credits as it hosts African climate summit

Cash-strapped African nations want a much bigger share of a $2-billion market that is forecast to grow five-fold by 2030. Africa only produces 11 percent of the world’s offsets yet boasts the planet’s second-largest rainforest and tracts of carbon-absorbing ecosystems like mangroves and peatlands. Kenyan President William Ruto, who is hosting a climate summit in

Canada carbon capture project struggles to get key contract

Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta’s oil sands. A government fund has told the Pathways Alliance, comprised of the six

Centre cuts windfall tax on crude oil

The finance ministry has reduced to windfall tax on the sale of locally-produced crude oil to Rs 6,700 per tonne. However, the ministry has raised the Special Additional Excise Duty (SAED) on the export of diesel to Rs 6 per litre from Rs 5.50 a litre. The levy on the export of aviation turbine fuel

ONGC plans $24.2 bn investment to meet net zero emissions

ONGC is the largest oil and gas producer in India and is now swiftly scaling up its renewable capacity and aims to invest in multiple low-carbon projects. ONGC has 189 megawatts of electricity. The company is building a 5 GW solar energy project in Rajasthan and has laid down plans to set up offshore wind

India needs to invest 5% of GDP to meet net zero emissions

India will need to invest 5% of its GDP annually to meet net-zero emissions by 2050. With the unavoidable El Niño phenomenon having drained August of monsoonal rains, we just had a bite-sized look into what remains in store for us vis-a-vis our current climate trajectory. A major win that will fortify our green transition

Shell invests in Value Group for viable hybrid CO2 capture

Value Group, a pioneer of scrubbers and latterly carbon capture tech, has welcomed Shell Ventures as its newest investor. Shell Ventures is the corporate venture capital arm of energy giant Shell. Value Maritime is the developer and installer of Filtree, one of the first commercially viable hybrid CO2 capture and exhaust gas cleaning systems, which

Researchers find efficient way to capture and recycle CO2 from industrial emissions

Capturing carbon dioxide (CO2) is an encouraging strategy for mitigating climate change. This method involves sequestering CO2 before it can enter the atmosphere, but it typically demands significant energy and infrastructure. However, a new study published in ACS Central Science outlines a more efficient system using an electrochemical cell to effectively capture and release CO2.

India’s energy demand to double to 75 exajoules by 2047  

India might have missed several ‘busses’ such as the solar bus and the semiconductor bus, but the country is all set to board the crucial hydrogen bus along with other industrial countries, Dr Ashish Lele, Director of CSIR-National Chemical Laboratories said. Delivering the keynote address at a two-day masterclass on green hydrogen, organized by the

Blue Dart Express Limited receives UNFCCC Certification

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation & distribution logistics Company, has achieved significant recognition and certification by the United Nations Framework Convention on Climate Change (UNFCCC) under its esteemed #ClimateNeutralNow initiative. This accolade highlights Blue Dart’s unwavering commitment to sustainability and environmental stewardship. The UNFCCC’s #ClimateNeutralNow initiative is a