No progress yet on Global Stocktake, climate finance

Halfway through the UN Climate Summit (COP28) which will come to a close on December 12 there is no progress yet on major aspects of negotiating texts including the Global Stocktake, Global Goal on Adaptation, Climate Finance, though participants can take cheer from the fact that the Loss and Damage fund was operationalised on Day

ICSI to prepare international standards on sustainability

The Institute of Company Secretaries of India (ICSI) is working on international standards on sustainability and will unveil them soon, its president Manish Gupta said. Speaking at the inauguration of the institute’s third centre of corporate governance, research, and training in Kolkata, he said the decision to develop such international standards is in line with

Global stocktake, and what’s India’s position

The first-ever global stocktake is set to conclude at the COP28 climate summit at the end of this year, the United Nations has said. In the first week of COP28, the draft text for Global Stocktake was formed that called for the phasing out of all fossil fuels. It proposed options for the phase-out of

Activating loss & damage fund small step towards larger cause

The 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change, started on a positive note with the activation of the Loss and Damage Fund (LDF) with an initial commitment of a little over USD 400 million. While this is welcome, it will by no means meet the growing needs of

India building largest RE project in salt deserts

Rising from the bare expanse of the large salt desert that separates India from Pakistan is what will likely be the world’s largest renewable energy project when completed three years from now. The solar and wind energy project will be so big that it will be visible from space, according to developers of what is

TERI organizes Climate Action Discourse at COP28

The Energy and Resources Institute (TERI) organized a first-of-its-kind panel discussion at the Climate Live Pavilion during COP28, focusing on the Sixth Assessment Report (AR 6) by the Intergovernmental Panel on Climate Change (IPCC) and its relevance for India. Prof Jim Skea, IPCC Chair, shared the global assessments of the IPCC and their specific implications

Wärtsilä celebrates 30 years of commitment to the Mexican energy market

Technology group Wärtsilä celebrates 30 years of operations in the Mexican market. An anniversary event was held in Mexico City on 23 November. The event showcases the company’s strong presence in Mexico, and its continued commitment to supporting Mexico’s capabilities in delivering reliable and efficient power. In parallel with the anniversary event, Wärtsilä inaugurated its

DNV awards AiPs to DSIC for two liquefied CO2 concepts

 At the Marintec China exhibition, DNV awarded two Approval in Principle (AiP) certificates to Dalian Shipbuilding Industry Co., Ltd. (DSIC) for the design of a 50,000cbm floating liquefied CO2 (LCO2) storage and injection unit (FSIU) and a 20,000cbm LCO2 carrier. The AiPs confirm the general feasibility of the conceptual designs as reviewed by DNV. They

ABB introduces CO2e Calculator for enhanced transparency

ABB has launched a new digital tool allowing shipowners, operators and designers to estimate the emission-reduction impact of various ABB technologies used on board ships when compared to alternative solutions and in scenarios specified by the user. The CO2e (carbon dioxide-equivalent) Calculator is applicable to five ABB solutions for the maritime industry – Azipod® electric

ERMA FIRST awarded approval in principle from DNV for OCC

ERMA FIRST, a leading sustainable maritime solutions provider, has received Approval in Principle (AiP) from DNV for its amine absorption-based Onboard Carbon Capture (OCC) system. DNV issued the AiP to ERMA FIRST following the successful completion of a technical review, risk assessment and review of the company’s feasibility study for Onboard Carbon Capture (OCC) on