Indian cabinet approves phase-II Of green energy corridor

The Union Cabinet gave its nod to investing Rs 12,031 crore for laying transmission lines to evacuate electricity generated from renewable power projects in seven states. The project, called Green Energy Corridor Phase-II, would involve laying 10,750 circuit kilometres of transmission lines by 2026, Union minister Anurag Thakur told reporters. The scheme’s total estimated cost

Germany calls nuclear power ‘dangerous,’ rejects EU plan

The German government has said that it considers nuclear energy dangerous and objects to European Union proposals that would let the technology remain part of the bloc’s plans for a climate-friendly future. Germany is on course to switch off its remaining three nuclear power plants at the end of this year and phase out coal

Panel formed to prepare energy transition roadmap for India

The government is planning to draw up an energy transition roadmap for the oil and gas sector that could prove to be a key step on India’s path to net-zero emissions by 2070. The oil ministry has set up the Energy Transition Advisory Committee headed by former petroleum secretary Tarun Kapoor, who demitted office in

It takes green to go green

President Biden made headlines with his recent executive order directing federal agencies to achieve net-zero greenhouse emissions by 2050, including meeting ambitious goals this decade to decarbonize federal vehicles, buildings and electricity use. While the President’s plan would make only a dent in US emissions overall, the real aim is to use the government’s vast

India sets sights on record green bond issuance entering 2022

India’s green bond issuance is set to reach a new record in 2022, following an exceptionally strong 2021. Corporate and bank issuers in India are likely to tap the climate-related debt market more actively as the world’s third-largest emitter of carbon dioxide will need as much as $10 trillion to be carbon-neutral by 2070, experts

EU drafts plan to label gas and nuclear investments as green

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU “sustainable finance

Climate change at the centre of India’s environmental policies in 2021

Placing climate change at the centre of its environmental policies, India took bold pledges in 2021 with Prime Minister Narendra Modi asserting at the crucial international climate summit COP 26 that it is the only country delivering in “letter and spirit” the commitments under the Paris Agreement. From pledging to become net zero emitter of

Why the collapse of Biden’s BBB would be a major blow to the climate fight

The collapse of Joe Biden’s Build Back Better legislation would have disastrous consequences for the global climate crisis, making it almost impossible for the US to comply with its greenhouse gas reduction pledges made under the Paris accords. The US president’s sweeping economic recovery and social welfare bill is in serious trouble after the Democratic

India votes against UN draft resolution on climate change

India on Monday voted against a draft resolution at the United Nations Security Council (UNSC) linking climate to security, saying it was an attempt to shift climate talks from the United Nations Framework Convention on Climate Change (UNFCCC) to the Security Council and a “step backward” for collective action on the issue. The resolution was

Policy makers must accelerate hydrogen rollout

More ambitious and concrete hydrogen policy efforts are needed from governments across Europe and beyond to bridge a wide gap between the current market trajectory and the projects needed to meet net-zero targets, the International Energy Agency said at the S&P Global Platts Hydrogen Markets Europe Conference Nov. 26. Under the IEA’s net-zero scenario, hydrogen