India advocates nuclear power amid storage challenges

Union power minister R K Singh emphasised the need to build a suitable ecosystem in response to current challenges in storing renewable energy and acknowledged the importance of coal and nuclear energy as interim solutions, given their continuous power generation capabilities India has the potential to generate upto 100 Giga Watts of power using nuclear

Action plan required for steel industry to curb CO2 emissions

Government of India’s Ministry of Steel has urged the stakeholders in steel industry to develop a time-bound action plan to lower emissions. In a meeting held recently, Steel Minister Ram Chandra Prasad Singh urged the stakeholders to develop a time-bound action plan and make intensive efforts for lowering the emissions from the steel industry in

Fossil fuels usage increased after Covid pandemic

According to oil giant BP Plc annual Statistical Review of World Energy report released recently, the dirtiest fossil fuel made a comeback last year. Last year’s global increase in energy use resulted in a rebound of greenhouse gas emissions, which had seen a sharp drop in 2020. The findings show the difficulty of achieving pledges

Pertamina, ExxonMobil agree to conduct joint study on CCS and hydrogen

ExxonMobil and Pertamina, the state-owned energy company of Indonesia, have signed a joint study agreement to assess the potential for large-scale implementation of lower-emissions technologies, including carbon capture and storage (CCS), as well as hydrogen production. The agreement builds on efforts to advance carbon capture and storage (CCS) in Indonesia that have taken place since

First carbon neutral certification completed by MetaVerse green exchange and BSI

MetaVerse Green Exchange has successfully certified its status as a carbon neutral business through tokenized cross-border carbon credits, the first company in the world to do so using blockchain technology. The landmark milestone is bolstered by certification from the British Standards Institution (“BSI”), the first time the body has accepted tokenized carbon credits. The move

India aims to achieve half of the energy capacity using non-fossil fuel

While speaking at a webinar on ‘Energy for Sustainable Growth’, P M Narendra Modi stressed India’s aim to achieve 50% of its installed energy capacity through non-fossil fuels by 2030 in a bid to promote sustainability and reduce the country’s dependence on imported oil. His remarks came at a time when international crude oil prices

Five important steps businesses can take to achieve net zero emissions

India’s commitment of net-zero emissions by 2070 at the COP26 has set in a sudden urgency for climate action with its ripples being felt in every corner of the world as many more countries also pledged their net zero targets. The historical Union Budget this year with it’s strong focus on climate action, further placed

Five things we’ve learned from the IPCC report

A new report released this week by the UN’s Intergovernmental Panel on Climate Change (IPCC) looks at the causes, impacts and solutions to climate change. The report gives the clearest indication to date of how a warmer world is affecting all living things on Earth. Here are five things we learnt from it. 1- Things

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

Switzerland – Banks risk becoming new fossil fuel villains in 2022

Major banks, like UBS, are coming under increasing pressure to clean up their investments. As businesses were gearing up for the COP26 climate summit in Glasgow last year, one of Europe’s larger banks released an update on how it planned to do its bit to combat global warming. Switzerland’s UBS group said it had become