UAE companies to start tracking and reporting carbon emissions

The United Arab Emirates (UAE) will require companies to monitor and report their emissions in an effort to reach a target to become carbon neutral by 2050. All companies with emissions equivalent to 500,000 tonnes or more of carbon dioxide per year are required to participate, according to legislation that came into force on Dec

Petrol won’t come under GST: Hardeep Puri

Union Petroleum Minister Hardeep Singh Puri has ruled out the inclusion of petrol under GST, citing its impact on state revenues and the ongoing fluid economic situation. He, however, indicated that fuel prices might decrease if global crude oil prices stabilise and international turbulence subsides.   Currently, international crude oil prices hover around $72-$73 per

GHG emissions fell 7.93% in 2020 compared to 2019: Report

India’s total greenhouse gas emissions in 2020 declined by 7.93 per cent compared to 2019, while its GDP emission intensity fell 36 per cent between 2005 and 2020, according to new data submitted to the UN climate change office. In its fourth Biennial Update Report (BUR-4) submitted to the United Nations Framework Convention on Climate

India’s non-fossil fuel-based power generation hits record 213.7 GW

India achieved a significant milestone in 2024, with its non-fossil fuel-based power generation capacity reaching a record high. This achievement underscores the country’s commitment to transitioning towards cleaner and more sustainable energy sources, in line with global efforts to combat climate change and reduce greenhouse gas emissions. The development highlights India’s progress in expanding renewable

New York to fine fossil fuel companies $75 bn under new climate law

New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law recently. The law is intended to shift some of the recovery and adaptation costs of climate change from individual taxpayers

Avaada Group commits $12bn to transform Rajasthan into renewable energy hub 

Avaada Group has announced an unprecedented investment of $12bn in Rajasthan, India, for accelerating green energy transition, thereby establishing the region as a global renewable energy powerhouse. This landmark announcement was made during the prestigious Rising Rajasthan 2024 Summit, attended by India’s Prime Minister Narendra Modi and Rajasthan’s Hon’ble Chief Minister Bhajanlal Sharma. Rajasthan stands out as a global hub for renewable energy, with

Cement sector must innovate to achieve net-zero emissions

Cement production accounts for 7-8 per cent of global greenhouse gas emissions, making the sector a key focus area for sustainability efforts and highlighting the need for innovation to achieve net-zero goals, an official said. “Cement consumption in India stands at approximately 250 kg per capita, far below the global average of 500 kg. With

Sembcorp bags first solar plus energy storage project in India

Sembcorp Industries, through its renewables subsidiary Sembcorp Green Infra Private Limited, has secured a 150 megawatt solar photovoltaic project plus 300 megawatt-hour battery energy storage system (BESS) in India, its first in the country. In a statement, Sembcorp said the build-own-operate project is part of a bid for 2 gigawatts (GW) inter-state transmission system-connected solar

Wärtsilä to power world’s largest cement carrier for NovaAlgoma

Wärtsilä will supply a comprehensive propulsion package for the 38,000-dwt cement carrier ordered by NovaAlgoma, a joint venture between Canada’s Algoma Central Corporation and Nova Marine Group. The vessel, set to launch by the end of 2026, will be the world’s largest cement carrier and the first in its class to be methanol-fueled, supporting NovaAlgoma’s decarbonization goals.

IndianOil tests zero-emission electric vehicle technology 

In an effort to promote electromobility in the country, Indian Oil Corporation Ltd. has successfully conducted a feasibility study on the “Concept” of “Zero Emission Electromobility” at one of its gas stations in Bangalore.  Zero-Emission Electric mobility is a concept that allows an electric vehicle (EV) to be charged using solar energy, thereby ensuring zero