Climate financing needs to be stepped up: NITI Aayog

Climate financing needs to be stepped up via a number of reforms for the global push for sustainable growth to be fruitful. These reforms include that of multilateral institutions, debt management strategies and regulation of credit rating agencies, the NITI Aayog said. “Financial safety nets need strengthening, bilateral swap lines need to be expanded, and

New EU oil cap sanction rules announced

The European Union has unveiled its 12th package of sanctions against Russia, with tankers very much included in the set of restrictions. The new sanctions call for notification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of secondhand

ClassNK conducts third-party verification on GHG emissions

ClassNK has verified the measurement reports of GHG emissions and environmental data of Tsuneishi Holdings Corporation and 28 group companies and issued verification statements.  To address social issues including climate change, accurate measurement of environmental information such as GHG emissions and resource use resulting from a company’s business activities is a significant step in assessing

AT&T to buy Rivian EVs as part of electrification program

Electric vehicle startup Rivian has found a new Fortune 500 customer for its delivery vans after ending an exclusivity deal earlier this year with Amazon. On Dec. 14, Rivian announced that telecommunications giant AT&T will purchase Rivian electric vans as well as vehicles in its R1 platform of trucks and SUVs. The purchases are part

Ready to import oil from any country not under sanctions

India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three years. The minister said that as a major

Scientists warn of threatening methane monster beneath Arctic ground

Scientists have warned that the Arctic has hidden beneath its frozen ground a methane monster that is threatening to show its ugly head. Scientists are still unaware of how big the threat is and who will suffer the most, however, what remains clear is that the permanently frozen soil – which is called permafrost –

Fossil fuel newbuild phase-out stirs debate

The joint declaration issued at the start of the COP28 conference in Dubai from the CEOs of MSC, Maersk, CMA CGM, Hapag-Lloyd and Wallenius Wilhelmsen calling for a set date for the phase out of traditional powered newbuilds earned many headlines around the world. The Splash Extra editorial team have investigated the proposal and sought

Public sector carbon emissions fall to 3.7 mn tonnes in Singapore

The public sector emitted 3.7 million tonnes of carbon dioxide equivalent in the financial year 2022, according to the government’s first sustainability report card released Dec 15. Public sector emissions were 5.3 per cent lower than in the baseline year of FY2020, which was when the government began to collect such data. The closure of

UltraTech Cement targets to achieve 85% green energy

The company said that it aims to meet its entire electricity requirement through renewable sources by 2050, as part of its RE100 commitment. Additionally, as a member of EP100, the company seeks to double its energy productivity. UltraTech Cement on December 13 announced its plan to significantly increase the share of green energy in its

UPL first agrochemical company to enter Dow Jones Sustainability Index

Global agrochemical manufacturer UPL Ltd announced that Dow Jones has included the company in its sustainability and emerging market indices. In a filing to the stock exchanges, UPL stated that the company has made it to the Dow Jones Sustainability Index (DJSI) after its outstanding performance on sustainability parameters. It is the first agrochemical company