Egypt takes a move towards green path

World Bank’s data from 2015 and Fitch Solutions’ data from 2020 revealed Egypt’s renewable sources only accounted for 3.4 per cent of the country’s energy mix in 2019. A social media account called Egypt Facts and Numbers, a collaboration between United Nations Development Program and Egypt’s Ministry of Planning revealed in late December its share

Spike in oil prices may not be good for energy transition

Currently, oil prices have touched more than $100 a barrel, moreover Russia’s war in Ukraine accentuating the risk of relying on fossil fuel. It seems to be a great time to accelerate the transition away from the polluting fuel. But, the reality isn’t so simple. Public support for climate action has attained greater attention across

How India is spearheading the EV revolution

Electronic Vehicles (EVs) are dubbed as the future as the near total reliance on fossil fuels for automobiles is wringing a huge cost out of the environment. The heat is being felt all across the global automotive industry. India is quite a new entrant in this segment, and within a few years, and out of

Five important steps businesses can take to achieve net zero emissions

India’s commitment of net-zero emissions by 2070 at the COP26 has set in a sudden urgency for climate action with its ripples being felt in every corner of the world as many more countries also pledged their net zero targets. The historical Union Budget this year with it’s strong focus on climate action, further placed

War, sanctions impact Russian oil products trade

The unfolding war in Ukraine and a wave of Western sanctions have started to affect oil product flows in Russia. Last week Russia closed all ports in the Sea of Azov due to risks that ships there could come under fire from Ukrainian forces. At the same time Belarus is poised to reroute its oil

What we will need to spend, and what we will need to change, to reach net zero

Countries and companies have been accelerating their commitments to achieve net zero by 2050. But reaching that target is much easier said than done. What would it take to get there? The short answer: a substantial change in spending and a significant shift in mindsets. Our latest research estimates cumulative spending of $275 trillion globally

Five things we’ve learned from the IPCC report

A new report released this week by the UN’s Intergovernmental Panel on Climate Change (IPCC) looks at the causes, impacts and solutions to climate change. The report gives the clearest indication to date of how a warmer world is affecting all living things on Earth. Here are five things we learnt from it. 1- Things

SECI and HPCL sign MoU to fulfill government’s ambitions of carbon-neutral economy

Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India Limited (SECI) have signed a Memorandum of Understanding (MoU) to collaboratively work in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG Projects. This is in line with the government’s vision of a carbon-neutral economy by 2070. The

Bridging the gap between big tech’s net zero aspirations and reality

The pressure is mounting on businesses to slash their carbon footprint, driving a flurry of net zero commitments. However, some firms are still lacking the fundamentals necessary to hit their ambitious climate goals and the confident vision is not translating to reality on the ground. Technology companies are no exception. A bank of research and

‘Fossil fuels are choking humanity’: Major UN report sounds the alarm

The world’s leading climate scientists on Monday warned human-induced climate change is causing dangerous and widespread disruption in nature, with people and ecosystems least able to cope being the hardest hit. The highly anticipated report from the U.N.’s Intergovernmental Panel on Climate Change, approved by 195 member states, makes clear that minor, reactive or incremental