Majority of global businesses set to miss 2050 net zero goals

According to the fourth edition of Accenture’s ‘Destination Net Zero’ report, just 21% of companies on the continent are currently on-track to reach net zero. While only 33% of European G2000 companies are reporting rising emissions, then, progress is simply too slow, at present. Further afield, however, the picture is even bleaker. Dragging the global average

JSW plans tie-ups for EVs and batteries

JSW Group will soon be finalising multiple technology partnerships to drive its foray into electric car and commercial vehicle production, as well as battery manufacturing. The collaborations are part of a broader strategy by the conglomerate to grow its footprint in the evolving mobility segment. The group’s plans track a continuing shift in the Indian

Volvo Eicher to follow LMD’s lead in electric LCV market

Volvo Eicher Commercial Vehicle is raising the stakes in the electric small commercial vehicle space with the launch of Eicher’s 2-3.5 tonne Pro X Range. While Eicher’s entry into the electric LCV market may have been delayed, the management is confident that the company can replicate its success in the Light & Medium Duty (LMD)

NTPC issues tender for BESS pilot project at Dadri

NTPC Limited has issued a tender for a proof-of-concept battery energy storage system (BESS) pilot project to provide power backup for two Stage I units, which have a combined capacity of 420 MW, at the NTPC Dadri thermal power station in Uttar Pradesh. The project aims to replace existing diesel generators with a BESS designed

Google strikes biochar carbon removal deal with Varaha

Google will buy carbon credits from an Indian initiative that turns large amounts of agricultural waste into biochar—a form of charcoal that removes carbon dioxide from the atmosphere and returns it to the soil. The deal—signed by Google and Indian supplier Varaha—is one of the biggest ever involving biochar and is the tech giant’s first

India establishes CoE to boost battery tech advancement

The goal of the Ministry of Electronics and Information Technology (MeitY) has been to boost domestic manufacturing capacity and promote innovation. At CMET, Pune, MeitY has set up the “Centre of Excellence (CoE) on Rechargeable Battery Technology (Pre-cell)” as part of its dedication to supporting research and development in this field. Developing domestic production techniques

India expects uninterrupted Russian oil supply for another two months

India does not expect any disruption to Russian oil supply in the next two months as US-sanctioned tankers are allowed to discharge crude until March. The US. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels that have shipped Russian oil, targeting revenue Moscow has used

Oil hits four-month high after sweeping US sanctions on Russia

Oil extended gains to hit the highest in more than four months as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies in an already-tightening global market. Global benchmark Brent advanced above $81 a barrel after surging almost 4% in the previous session. West Texas Intermediate was near $78. The

Neste makes Singapore’s first marine sector renewable diesel delivery

Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect, with operational delivery in Singapore waters being carried in partnership with Global Energy. Neste, Finnish-headquartered renewable fuels producer, says that its MY Renewable Diesel is a solution for reducing greenhouse gas

Potential hazards of extremely alarming developments in marine ecosystem: Report

A new report by the conservation mapping nonprofits Earth Insight and SkyTruth warns of the potential dangers of expanding oil and gas projects in the Pacific Coral Triangle, which is home to many endangered marine species. The report warned that continuing to extract dirty fuels in the highly biodiverse Coral Triangle could threaten coral species and countless