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

India needs $10.1 trillion investment to achieve net-zero emission by 2070

India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve net-zero emissions by 2070. “India would

PM Modi Surprises Climate Summit with 2070 Net-Zero Vow for India

Prime Minister Narendra Modi surprised delegates at the COP26 climate summit with a bold pledge: the world’s third-biggest emitter will reach net-zero by 2070. The announcement injected new life into talks that had been set back by a disappointing outcome from the Group of 20 meeting in Rome this weekend. Though India’s goal is two

Alternative fuel will make India number-1 in automobile sector: Nitin Gadkari

India’s automobile sector can become number-1 in the world in the next five years by using alternative fuel sources, Union Minister for Road Transport and Highways Nitin Gadkari said at the India Today Conclave 2021. Gadkari said it was his dream to make the Indian automobile sector the leader of the segment in the world.

Centre to make use of Green Hydrogen Mandatory for Refineries

In a move that can make India one of the largest hydrogen producers, the Modi government is set to make it mandatory for oil refineries and fertiliser manufacturers to produce or procure green Hydrogen to meet part of their needs. Green Hydrogen is the cleanest fuel as it is produced through electrolysis using renewable energy.