Govt may raise up to Rs 22k crore through green bonds in FY24

India is likely to borrow about Rs 20,000-22,000 crore through sovereign green bonds in this financial year, higher than the Rs 16,000 crore in 2022-23 when it had floated such papers for the first time, said a person aware of the matter. About half of the green bond proceeds are expected to be deployed in

China solicits public opinion on greenhouse gas trading rules

China’s Ministry of Ecology and Environment has begun to solicit public opinion on a set of draft rules regulating the trading of voluntary greenhouse gas emissions reduction, as part of efforts to achieve the country’s carbon peaking and neutrality goals. As the fundamental system to support the operation of a national voluntary emissions reduction trading

Ahmedabad needs Rs.4.4 lakh crore to turn net zero city by 2070

In the span of one year, from 2021 to 2022, the residents of Ahmedabad released a staggering 15.1 million tonnes of carbon dioxide (CO2) into the atmosphere, resulting in a per capita burden of 2.1 tonnes of CO2. To transform Ahmedabad into a net zero city and mitigate greenhouse gas emissions, the city will need

India’s Carbon Credit Trading Scheme 2023 – How is the industry reacting to it

The government has taken a step towards reducing greenhouse gas emissions and promoting sustainability by launching the Carbon Credit Trading Scheme 2023. This scheme assigns a value, known as a carbon credit, to every ton of carbon dioxide equivalent (tCO2e) reduced or avoided, providing a structured framework for the country’s carbon market. Under the new

Indian Government vehicles over 15 years will be scrapped

Union minister Nitin Gadkari said all vehicles belonging to the Indian government that have completed 15 years will be scrapped, and a policy to that effect has been sent to states. He was speaking at the inauguration of the annual ‘Agro-Vision’ agriculture exhibition here. Addressing the gathering, Gadkari said two plants of the Indian Oil

Canada announces investment tax credits for green technologies

The recently released 2022 Fall Economic Statement introduces investment tax credits (ITC) for clean technologies and clean hydrogen that will help spur the transition to net-zero energy and make Canada more competitive with the United States. “Following the adoption of the Inflation Reduction Act in the United States, the need for a competitive clan technology

International classification system for hydrogen

Hydrogen could be the key to a low-carbon and resilient energy system that provides access to affordable, reliable, sustainable, and modern energy for all, and supports the transition to net-zero GHG emissions. On 22 September 2022, the Committee on Sustainable Energy at its 31st session discussed a “Comprehensive and science-based terminology, classification and taxonomy for

Public funding worth $5.2 billion approved in EU for hydrogen projects

The European Commission approved up to 5.2 billion euros (roughly $5.2 billion) in public funding for hydrogen projects, a move it said could unlock a further 7 billion euros of investments from the private sector. The executive arm of the EU said the bloc’s flagship project to support the research, deployment and construction of hydrogen

UK approves new nuclear propulsion regulations

The UK Department for Transport (DfT), via the UK Maritime Coastguard Agency (UKMCA), has set a target date for passing the Merchant Shipping (Nuclear Ships) Regulations into law. The current legislative timetable will see the regulations enter force on November 22. The regulations will transpose Chapter VIII in the Annex to the International Convention for

Karnataka aims to reduce fossil fuels by increasing ethanol production

Karnataka, which ranks third among sugarcane-growing states in the country, is coming up with a new ethanol policy that will provide for bigger profits for sugarcane growers. Ethanol can also be used to make disinfectants, sanitisers, medical spirit and bio-compressed natural gas. If all goes well, Karnataka will be the first state in the country