Opna to help companies funding carbon projects

Opna, a London-based company, which rebranded from Salt some three months ago, announced it has raised $6.5 million in seed funding as it looks to connect projects with corporates seeking to address their emissions as part of the so-called voluntary carbon market (VCM). It is setting out to solve, with a platform that helps corporations

Kenya bets on carbon credits as it hosts African climate summit

Cash-strapped African nations want a much bigger share of a $2-billion market that is forecast to grow five-fold by 2030. Africa only produces 11 percent of the world’s offsets yet boasts the planet’s second-largest rainforest and tracts of carbon-absorbing ecosystems like mangroves and peatlands. Kenyan President William Ruto, who is hosting a climate summit in

Canada carbon capture project struggles to get key contract

Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta’s oil sands. A government fund has told the Pathways Alliance, comprised of the six

Indian ports gain 20 EoIs for green hydrogen

India’s Ministry of Ports, Shipping and Waterways (MoPSW) has gained over 20 EoIs (Eloquence of Hobby) from companies focused on taking part in inexperienced hydrogen technology, garage, bunkering and refuelling tasks being advanced throughout 3 of its primary ports, Kandla, Tuticorin and Paradeep. Of those, greater than 15 are focused on Kandla’s Deendayal Port, the

Why energy giants are betting big on biogas?

India is known to be the pioneer of biogas and in an interesting development this green fuel is seeing renewed interest from major India Inc players in the energy sector. The inception of biogas dates back to 1897 when British civil engineer Charles James initiated the first biogas plant during his work on the drainage

SK secures land for $15 bn Canadian green hydrogen project

The renewable energy unit of South Korea’s SK Inc secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest. SK ecoplant Co received approval to use 1,078 square kilometres (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness

Mubadala Capital, Petrobras agree to explore cooperation biofuel project

Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, signed a Memorandum of Understanding (MoU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil. The MoU builds on an

PM Modi says biofuels can enhance energy security

India’s proposal for a global alliance on biofuels among G20 members aims to accelerate the deployment of sustainable biofuels as part of the global energy transition. More importantly, this initiative parallels the International Solar Alliance (ISA), which was piloted by New Delhi and Paris in 2015 to promote clean and affordable solar energy worldwide. The

Centre cuts windfall tax on crude oil

The finance ministry has reduced to windfall tax on the sale of locally-produced crude oil to Rs 6,700 per tonne. However, the ministry has raised the Special Additional Excise Duty (SAED) on the export of diesel to Rs 6 per litre from Rs 5.50 a litre. The levy on the export of aviation turbine fuel

ONGC plans $24.2 bn investment to meet net zero emissions

ONGC is the largest oil and gas producer in India and is now swiftly scaling up its renewable capacity and aims to invest in multiple low-carbon projects. ONGC has 189 megawatts of electricity. The company is building a 5 GW solar energy project in Rajasthan and has laid down plans to set up offshore wind