USD 1 bn tripartite funding to speed up India’s drive to net zero emissions

The Government of India’s collaboration with the World Bank, the Asian Development Bank (ADB), and SIDBI to foster zero-emission mobility is set to revolutionize the last mile transportation sector. With the upfront FAME cash subsidy being rationalized, the USD 1 billion tripartite partnership aims to provide affordable financing rates, propelling the adoption of electric vehicles

Green road freight cluster to help reduce gas emissions in India

The World Economic Forum on Wednesday announced the launch of India’s first zero-emission road freight cluster initiative which will reduce the country’s greenhouse gas emissions. The announcement was made during a side event hosted by NITI Ayog at the backdrop of ongoing G20 Energy Transitions Working Group meeting in Panaji. Jasmeet Khurana, Lead, Moving Emerging

Transition VC and IEEE sign MoU to launch Net Zero Warriors initiative

Energy transition-focused VC Fund, Transition VC has collaborated with Institute of Electrical and Electronics Engineers (IEEE), to launch the Net Zero Warrior initiative, under which they will empower startups to provide deep-tech solutions across transitioning sectors. The two organisations signed an MoU in Bengaluru on July 13. Net Zero Warriors sets out to address the

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

Tata Steel joins LeadIT to drive net-zero industry transformation

Tata Steel has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry. LeadIT was created by the governments of Sweden and India during the UN Climate Action Summit in September 2019 and is backed by the World Economic Forum. The group brings together

Prologis targets to achieve net zero emissions in supply chain by 2040

Prologis, a Real estate logistics provider, has committed to reaching net-zero emissions by 2040 across its entire supply chain.   The company submitted its net-zero emissions target to the Science Based Target initiative (SBTi) for validation. It targets to Reach net-zero emissions from operations (scope 1 and 2) by 2030 and Achieve 100% carbon neutral

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

ABB and Amazon to accelerate netzero mining

Technology company ABB and Amazon Web Services (AWS) have agreed to develop new solutions for digitally integrated all-electric mining operations to help the industry meet netzero emissions goals. The companies said the initiative’s purpose is to “show reliability, effectiveness and scalability” as mining operators “move towards all-electric and netzero-emissions.” ABB explained that its ABB Ability

E-fuel-powered cars emit as much pollutants as fossil fuels, study finds

Cars powered by synthetic fuel produce similar quantities of harmful air pollutants to fossil fuels, according to a new study commissioned by the clean mobility NGO Transport & Environment. As Europe shifts to zero-emission passenger cars, the study challenges the green credentials of e-fuels, touted by the liquid fuel industry as a way to reduce

Voluntary climate action won’t reach net zero

The Commonwealth government says it will reach zero net emissions by 2050 through voluntary action and technology, not mandates or taxes. This is a false dichotomy. Emissions reductions in line with our international obligations require mandatory measures. Voluntary action supplements and extends mandatory measures – as it has done over the past decade. Prime Minister