Central bank in India warns banks to monitor cos with direct fossil fuel links

According to an RBI report, while banks have relatively small exposure to companies that have direct links to fossil fuels, there are hidden risks in the form of companies that have indirect exposure. The RBI has said that lenders need to be alert of industries that are subject to green transition risks as countries across

Cutting oil demand can hurt Russia: IEA

Responding to Russia’s invasion of Ukraine, the International Energy Agency (IEA) unveiled a 10-point plan recently to slash oil demand in developed economies by about 2.7 million barrels a day within four months. Reducing demand will make it a lot easier to impose tough sanctions on Russian exports, but the proposals also serve the longer-term

Don’t kill hopes of keeping global warming under dangerous levels: Guterres

In the wake of Russian invasion of Ukraine countries are scrambling to replace Russian oil, gas and coal supplies with any available alternative fuels. This may fuel the world’s “mutually assured destruction” through climate change, the head of the United Nations warned Monday. U.N. Secretary-General Antonio Guterres said the ‘all-of-the-above’ strategy now being pursued by

Saudi Arabia is China’s top crude supplier

Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9% as a cut in import quotas led independent refiners to scale back purchases. Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81

Amazon on path to net-zero carbon

The latest Amazon Fresh location is the world’s first grocery store pursuing Zero Carbon certification from the International Living Future Institute. In an important milestone in meeting its Climate Pledge commitments, Amazon is seeking net-zero carbon certification for its newest Amazon Fresh grocery store. More than a dozen upgrades and features have been incorporated throughout

What are we going to do with the batteries?

There is little question that electric vehicles make environmental sense on the road where their near-zero emissions offer an arresting alternative to internal combustion engines. The real green picture of course depends on the energy and carbon footprint of the design, manufacturing and deconstruction of these vehicles. The International Energy Agency predicts there will be

Netzero is priority for Startups

Net zero is a priority for four fifths (80%) of startups, with 72% working to achieve carbon neutrality and 8% already carbon neutral or negative according to research from Innovate UK, the UK’s innovation agency. Innovate UK found that while startups are passionate about their climate impact, they are divided over whether it should be

First carbon neutral certification completed by MetaVerse green exchange and BSI

MetaVerse Green Exchange has successfully certified its status as a carbon neutral business through tokenized cross-border carbon credits, the first company in the world to do so using blockchain technology. The landmark milestone is bolstered by certification from the British Standards Institution (“BSI”), the first time the body has accepted tokenized carbon credits. The move

Reliance acquires battery maker Lithium’s assets for $61mn

Indian refining giant Reliance Industriesmakes a bigger push towards clean energy and transport, and has acquired the assets of battery maker Lithium Werks for $61 million. Reliance’s investment in Lithium Werks, which manufactures lithium iron phosphate batteries that are mainly used in electric vehicles (EVs), includes funding for future growth, the company said late on

Gadkari to inaugurate hydrogen-based advanced FCEV today

Union Minister Nitin Gadkari will inaugurate a pilot project by the Toyota Kirloskar Motor Ltd along with International Center for Automotive Technology (ICAT) on March 16. The ministry said Toyota Kirloskar Motor Pvt. Ltd, along with the International Center for Automotive Technology (ICAT), is conducting the pilot as part of Toyota’s commitment towards promoting sustainability