India to attract large investments due to COP26 commitments: ICRA

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors. ICRA, in its recent research report,

Goldman says carbon net zero shift will likely boost inflation

The global push to achieve net zero carbon emissions will likely result in a meaningful boost to inflation, according to analysts at Goldman Sachs Group Inc.    Based on the assumption that carbon taxes would rise to $100 a ton by 2030, the analysts led by Jan Hatzius calculated the likely rise in prices in

Clean energy initiatives to decarbonise the economy

Technology has contributed towards the country’s economic development, but now it’s important to leverage tech solutions to make the future green, sustainable and habitable. Strategic measures for mitigating climate change, shared mobility, and better usage of water and electricity can help make this a reality. Organisations are chalking out newer technologies and innovative approaches to

Are emissions levels getting higher or lower?

Six years ago, world leaders from over 190 nations around the globe gathered in Paris to try and prevent the most catastrophic consequences of climate change. Their aim was simple: to agree to take concerted measures to limit global warming to a ceiling of 1.5°C compared to temperatures prior to the Industrial Revolution. It would

Portland-area buses now fuelled with renewable diesel

All TriMet buses running on routes throughout the tri-county Portland metro area located in Oregon, USA, are powered by a much cleaner-burning fuel – renewable diesel. TriMet is using a blend of 99 per cent renewable diesel and 1 per cent petroleum. The change in fuels will reduce the carbon dioxide equivalent emissions coming from

More than one lakh over-aged diesel vehicles de-registered in Delhi

As many as one lakh over-aged diesel vehicles have been de-registered in Delhi, said Delhi Transport Minister Kailash Gehlot. Delhi Transport Minister Kailash Gehlot informed today that so far about one lakh such diesel vehicles have been de-registered, which are more than 10-year-old. Apart from this, petrol vehicles older than 15 years are also being

The conservative plot against green investment

The American Legislative Exchange Council is pushing cookie-cutter laws that could lock pension funds and taxpayers into losing deals—while propping up coal and other fossil fuel firms. It all starts with an innocuous bit of jargon. “ESG pressures by national environmental groups is driving banks, insurance companies and investment managers to abandoned fossil fuels,” argues

Keeping Pace with the Climate Transition

The transition to a low-carbon economy could occur faster than investors may think. Climate change has already become one of the most prominent line items on the world’s agenda. But we believe that its impact on the global macroeconomy is just beginning and increasing in pace. In our view, investors should think of the transition

Prices continue to rise as OPEC + celebrate its founding

As the OPEC+ group commemorates the 5th anniversary of its founding, oil prices continued to rise despite the ongoing increase in the rate of infections with the Omicron variant, as Brent crude rose 3.3 percent. The cancellation of many flights did not affect the price rise, which amounted during this year to more than 45

China targets 16.2 million mt fuel oil imports by non-state-owned enterprises in 2022

The Ministry of Commerce of the People’s Republic of China (MOFCOM) on 23 December issued the 2022 Refined Oil (Fuel oil) Non-state trade import allowance application conditions, distribution principles and related procedures document. The import of fuel oil is subject to state-owned trade management, states MOFCOM. However, certain provisions between China and the World Trade