Blueprint for Mumbai’s net zero vision revealed

India’s financial capital Mumbai, considered amongst the most vulnerable cities globally to hazards of climate change is charting out a blueprint of becoming the first South Asian city to achieve net-zero carbon emission status by 2050. The plan is ambitious but­ the city hopes to be net zero carbon 20 years before the target year

TN will soon announce policies on green fuels

Tamil Nadu government announced that new policies will be formed for Green and Blue Hydrogen and Ethanol. The Industries Department will draft a policy on Green Hydrogen as the state is getting many proposals for investment. The upcoming policy will give some clarity on Green Hydrogen. The new policies will be in line with the

UK announces ‘package’ to unlock investment in hydrogen

The UK government announced details of £240 million funding to support the production of hydrogen as a clean, low-cost energy technology, £2.5 million of funding to develop next-generation nuclear technology and a further £5 million towards research into carbon capture. The investment is designed to support research, development and deployment of these cutting-edge technologies and

Supporting clean energy start-ups becomes more vital with energy crisis

Periods of energy disruption, like the one we are seeing today, offer an opening for disruptive technologies. A helping hand for clean energy start-ups can help respond to the current energy crisis while also accelerating progress towards climate targets. A new IEA report released today, on How Governments Support Clean Energy Start-Ups, provides a timely

Highways in Kerala to have more electric charging stations

The Departments of Power and Transport in Kerala are establishing electric vehicle charging stations for every 50 km along national highways and the MC Road. In this regard, the Transport Department has transferred Rs 9 crore to the Power Department for the first phase of the project, Transport Minister Antony Raju and Electricity Minister K.

Indian oil not to accept Russian crude on free on board basis

Indian Oil Corporation (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter. The letter was sent on Monday to traders who submit cargo offers into IOC’s regular crude

EU energy ministers to discuss plans for supply shocks from Ukraine crisis

Energy ministers from European Union countries will on Monday discuss preparations for potential energy supply shocks and measures to shore up gas stocks following Russia’s invasion of Ukraine. The invasion of Ukraine by Russia, Europe’s top gas supplier, has sharpened concerns of disruption to energy supplies and increased scrutiny of European Union countries’ reliance on

The time is ripe for green bonds

Budget 2022 is strong on infrastructure spending, with the overall government capex planned to go beyond Rs 10 trillion, or more than 4 per cent of GDP, in FY2023. Innovative financing mechanisms such as blended finance and impact capital have been instituted to crowd-in private investments. Another timely idea is the issuance of sovereign green

India’s flex-fuel push will fire booster cylinders of Indian Economy

India’s proper reform minister Nitin Gadkari is on a spree. The Union Road Transport and Highways minister on Monday announced that his ministry is going to issue an order directing carmakers to introduce Flex-fuel, or flexible fuel, engines. Gadkari said, “To reduce import of fossil fuels, I am going to sign a file in the

GoI announces step one of National Hydrogen mission

The Ministry of Power on February 17 notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia, aimed to boost production of hydrogen and ammonia using renewable energy. The ministry has waived the power transmission charges for 25 years for these units, allowed them to buy renewable power from