News

IREDA Secures International Credit Rating from S&P, Eyes Enhanced Global Presence

IREDA achieved a significant milestone by securing its international credit rating. The International Credit Rating Agency, S&P Global Ratings Limited assigned ‘BBB-‘ long-term and ‘A-3’ short-term issuer credit ratings to IREDA, with Outlook ‘Stable’. This rating will enable IREDA to expand its reach in the international market, tapping into attractive sources of funding and supporting […]

Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India

The Reserve Bank of India (RBI) has introduced a new scheme for trading and settlement of Sovereign Green Bonds in India’s International Financial Services Centre (IFSC). The scheme, governed by the Reserve Bank of India Act, 1934, and other relevant regulations, applies to investments in Sovereign Green Bonds issued by the Government of India.   […]

The SBTi Unveils Framework to Accelerate Buildings Sector’s Alignment with Net-Zero Targets

Science Based Targets initiative (SBTi) launches a groundbreaking science-based decarbonization framework for companies and financial institutions in the buildings value chain. The framework sets 1.5°C-aligned emissions reduction targets for the buildings industry to overcome current climate challenges and create a net-zero future. The SBTi’s new Buildings Sector Science-Based Target-Setting Criteria takes a ‘whole building approach’ – covering all […]

JSW Energy receives LoA for 200 MW wind-solar hybrid power project from MSEDCL

JSW Renew Energy Five Limited, a 100% stepdown subsidiary of JSW Energy Limited (or ‘the Company’) has received Letter of Awards (LoA) for total 500MW/1,000MWh Standalone Battery Energy Storage Systems (two projects each of 250 MW / 500MWh) from Solar Energy Corporation of India Limited (or ‘SECI’) The company will be entitled to receive a […]

UltraTech raises USD 500 million through sustainability-linked financing

UltraTech Cement Limited (UltraTech) has announced that it has successfully raised US$500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing raised by UltraTech, subsequent to its inaugural sustainability-linked bond issuance in 2021. This financing signifies UltraTech’s ongoing commitment to align its funding strategy with its sustainability and […]

ABB surpasses 10GW milestone in delivering automation solutions for renewable energy plants in India

ABB’s programmable logic controller-based automation solutions are catering to renewable energy plants, including solar, wind and battery energy storage systems (BESS) This milestone further strengthens ABB’s footprint in the renewable energy industry and supports India’s push for transitioning to clean energy sources ABB’s control and automation solutions are helping maximize the effective use of renewable […]

Ministry of Renewable Energy inks MoU for the export of Green Ammonia from India to Japan

Union Minister Shri Pralhad Joshi chaired the signing of India’s first Green Ammonia export agreement to Japan, marking a key milestone in India’s green hydrogen and ammonia ambitions. The agreement involves Sembcorp Industries, Sojitz Corporation, Kyushu Electric Power, and NYK Line, facilitating the cross-border supply. Sembcorp will produce green ammonia in India, which Kyushu Electric […]

Tata Motors signs MoU with Delta Electronics and Thunder plus Solutions to install fast charging stations in India

Tata Motors, India’s largest commercial vehicle manufacturer, has announced a collaboration with Delta Electronics India and Thunder plus Solutions Pvt Ltd to expand the charging infrastructure for its electric commercial vehicles. They plan to set up 250 new fast-charging stations across over 50 cities, including major hubs like Delhi, Mumbai, and Bengaluru. This expansion aims […]

Launch of “Bharat Zero Emission Trucking (ZET) Policy Advisory

The Bharat Zero Emission Trucking (ZET) Policy Advisory aims to guide India’s transition to zero-emission trucks by 2050, a key step toward achieving the Net Zero 2070 target. Developed by the Office of the Principal Scientific Adviser and IIT-Madras, the advisory outlines 30 policy interventions across five key areas: incentivization, regulation, infrastructure, business and financing, […]

Consultation paper on expanding the scope of Sustainable Finance framework in the Indian securities market

The Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at broadening the scope of sustainable finance in the Indian securities market. This initiative is part of India’s ongoing efforts to meet global sustainability goals and promote responsible investment practices. One of the recommendations of the working group was to redefine […]

SBTi releases technical publications in an early step in the Corporate Net-Zero Standard review

The SBTi releases research on considerations for a more effective approach to scope 3 emissions. This is an early step in the review of the Corporate Net-Zero Standard; guidance remains unchanged until process is complete. The Science Based Targets initiative (SBTi) is today publishing four technical outputs as an early step in the process for […]

CESC acquires 64 pc stake in Purvah Green Power for Rs 205 crore

Power company CESC Ltd said it has acquired 63.91 per cent equity shares in Purvah Green Power for Rs 205 crore. Post-acquisition, Purvah Green Power Private Limited (Purvah) will become its direct subsidiary, CESC said in a regulatory filing. “The company (CESC) has acquired today 63.91 per cent equity shares of Purvah Green Power Private […]

World Bank Approves Additional $1.5 Billion in Financing to Support India’s Low-Carbon Transition

The World Bank’s Board of Executive Directors today approved $1.5 billion in financing for a second operation to help India accelerate the development of low-carbon energy. The operation will seek to promote the development of a vibrant market for green hydrogen, continue to scale up renewable energy, and stimulate finance for low-carbon energy investments. India […]

ONGC to Invest ₹2 Lakh Crore in Green Hydrogen and Renewable Energy for Net Zero Emissions

Energy major Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with M/s Greenko ZeroC Private Limited (Greenko), to jointly pursue opportunities in Renewables, Green Hydrogen, Green Ammonia and other derivatives of green hydrogen. The MoU, valid for two years, was inked on 26 July 2022 in New-Delhi by ONGC […]

Siemens Energy wins contract for large-scale hydrogen project from German utility EWE

Siemens Energy has been awarded a contract to supply a 280-megawatt electrolysis system by German utility EWE. The plant in the German city of Emden is expected to go into operation in 2027 and will provide up to 26,000 tons of green hydrogen annually for various industrial applications in the region. If this green hydrogen […]

Hindustan Zinc Launches EcoZen, Asia’s First Low Carbon ‘Green’ Zinc

Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, launched EcoZen, its low carbon ‘green’ zinc brand today. The company has launched Asia’s first low carbon ‘green’ zinc offering for its customers worldwide. EcoZen has been certified as low-carbon zinc by a renowned global sustainability consulting firm through a life cycle assessment […]

National Green Hydrogen Mission (NGHM)

The Union Cabinet approved the National Green Hydrogen Mission on 4th January 2023, with an outlay of ₹ 19,744 crore. The overarching objective of the Mission is to make India a Global Hub for production, usage and export of Green Hydrogen and its derivatives, by targeting production of 5 MMT per annum of Green Hydrogen by […]

Budget FY24 Key Highlights on Energy Security and Climate Finance Taxonomy

India to develop climate finance taxonomy for enhancing the availability of capital for climate change mitigation and adaptation. Energy Transition: Policy document on appropriate energy transition pathways that balances the imperatives of employment, growth and environmental sustainability. Pumped Storage Policy: A policy for promoting pumped storage projects will be brought out for electricity storage and […]

SEBI circular on Enabling ESG Rating Providers (ERPs) to undertake ESG rating activities under IFSCA

In terms of Regulation 28E(d) of SEBI (Credit Rating Agencies) Regulations, 1999 (‘CRA Regulations’), Para 7.1 of the Master Circular for ERPs dated May 16, 2024 provides that ERPs may undertake or offer ESG rating of any product or issuer, as may be required by another financial  sector regulator  or  authority, under  the guidelines  of […]

Tata Power Renewable Energy Limited and NHPC Renewable Energy Limited Ink MoU for Ambitious Solar Initiative for Government Buildings

Tata Power Renewable Energy Limited (TPREL) has signed a MoU with NHPC Renewable Energy Limited (NHPC-REL) for the installation of rooftop solar projects on government buildings across central ministries, states, and union territories. This initiative, part of the PM Surya Ghar Yojna scheme, seeks to achieve 100 per cent solarisation of government buildings by December […]

IREDA to Invest Rs. 290 Crore in Nepal 900 MW Hydro Projects

Indian Renewable Energy Development Agency Limited (IREDA) has decided to invest in a 900 MW Hydroelectric power project in Nepal. The approximately Rs. 290 Crore investment will secure IREDA up to 10% shareholding in GMR Upper Karnali Hydro Power Limited, Nepal and Karnali Transmission Company Pvt. Ltd., Nepal. Shri Pradip Kumar Das, Chairman & Managing […]

Adani Group To Give 11 Lakh Saplings For Indore, Madhya Pradesh, As Part Of Its Pledge To Plant 100 Million Trees

As part of its pledge to plant and nurture 100 million trees by FY30, the Adani Group has joined forces with the Madhya Pradesh Government and will be providing 11 lakh saplings, out of 51 lakh trees to be planted in Indore. The green drive was conducted from the 7th to the 14th of July […]

NSE Indices launches India’s first Electric Vehicle Index

NSE’s index services subsidiary, NSE Indices Limited today launched a new thematic index – Nifty EV & New Age Automotive index. The Nifty EV & New Age Automotive index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles […]

Indian Army has collaborated with Indian Oil Corporation Limited (IOCL) for demonstration trials of Hydrogen Fuel Cell Bus technology

Displaying a firm resolve towards finding green and sustainable transport solutions, the Indian Army has collaborated with Indian Oil Corporation Limited (IOCL) for demonstration trials of Hydrogen Fuel Cell Bus technology. A Memorandum of Understanding (MoU) was signed between the Indian Army and the IOCL in presence of General Manoj Pande, Chief of the Army […]

GAIL’s 10 MW Green Hydrogen Plant inaugurated by Secretary, MoPNG

GAIL (India) Limited has installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh, which was inaugurated by Secretary, Ministry of Petroleum & Natural Gas, Shri Pankaj Jain. The plant has a capacity of producing 4.3 TPD of Hydrogen, through 10MW PEM Electrolyzer units, by electrolysis of water using renewable power. The purity […]

Suzlon secures new orders of 402 MW from Juniper Green Energy for the 3 MW series

Suzlon Group announced new order wins for the development of 402 MW wind energy projects for Juniper Green Energy. Suzlon will install a otal of 134 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW for both projects at the Suzlon proposed site at Fatehgarh in […]

Recommendations for facilitating ease of doing business with respect to BRSR

SEBI notified in a document few recommendations by expert committee for facilitating ease of doing with respect to BRSR. Few key recommendations taken into consideration are as follows: 1. To redefine value chain partners as follows: “Value chain shall encompass the upstream and downstream partners of a listed entity, individually comprising 2% or more of […]

Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers

In a bid to improve options and ease of financing for the dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors, have joined hands with Bajaj Finance, part of Bajaj Finserv Ltd., to extend supply chain finance solutions to its passenger and electric vehicle dealers. Through this […]

IREDA incorporates “IREDA Global Green Energy Finance IFSC Limited” in GIFT City, Gujarat

Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary was officially incorporated on 7th May, 2024. Earlier, on 8th February, 2024, the Reserve Bank of India gave its No […]

NTPC Green Energy Limited Inks MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Limited

In order to realize the green energy objectives of NTPC and the GOI’s efforts towards energy transition, NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), signed a Memorandum of Understanding (MoU) on 08th May 2024 at NTPC Corporate Office, New Delhi for development of Renewable Energy Power Parks […]

Tata Power Renewable Energy Limited Signs PPA with SJVN Limited to set up 460 MW Firm and Dispatchable Renewable Energy Project

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, […]

NHPC collaborates with Norwegian firm for floating solar technology in India

In continuation of efforts towards sustainable development and Renewable Energy capacity, NHPC Limited – the largest organization for Hydropower development in India and also engaged in the development of various renewable energy projects viz. Solar/Wind/Green Hydrogen etc. has signed an MOU with M/s Ocean Sun, a Norwegian company operating as a technology provider to the […]

World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions for New and Emerging Renewable Energy Technologies

During the discussion, the IREDA CMD shared insights into India’s journey towards energy transition and underscored IREDA’s crucial role in advancing renewable energy adoption within the country. He said that India’s ambitious goal of achieving 500 GW of non-fossil-fuel energy capacity by the year 2030 positions it as a beacon of hope in the global […]

REC Avails Sace-Covered Green Loan Facility For JPY 60.536 Billion

In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a SACE-Covered Green Loan for JPY 60.536 Billion to finance Eligible Green Projects in India. This strategic investment reinforces REC’s commitment to foster sustainable growth, in alignment with the Company’s Green Finance Framework. This […]

Shree Cement joins RE100 Commits to transition 100% to Renewable Electricity by 2050

Shree Cement, one of India’s largest cement producers with an installed capacity of over 56MTPA, proudly announces its membership in the esteemed RE100 initiative, a global initiativeled by Climate Group, advocating for businesses to convert to 100 percent renewable electricity for all their operations. This commitment underscores Shree’s dedication to accelerate the globaltransition to 100% […]

CRISIL ESG Ratings & Analytics Ltd gets SEBI nod to offer ESG ratings

The Securities and Exchange Board of India (SEBI) has approved CRISIL ESG Ratings & Analytics Ltd (CRISIL ESG Ratings), a wholly owned subsidiary of CRISIL Ratings Ltd (CRL), as a Category 1 provider of environmental, social and governance (ESG) ratings. CRISIL is the pioneer of credit ratings in India and has steered many innovations in […]

SJVN Inaugurates India’s First Multi-Purpose Green Hydrogen Pilot Project

SJVN achieved a significant milestone with inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at 1500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh. The Pilot Project is set to produce 14Kgs. of Green Hydrogen daily during 8 hours of operation which will be stored in 6 […]

Tata Power Solar partners with Indian Bank for widespread solar rooftop adoption in residential segment

Tata Power Solar Systems Limited (TPSSL), a leading solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), announced its strategic partnership with Indian Bank, a leading public sector bank in India to bolster the adoption of solar rooftop among residential consumers. The collaboration aims to facilitate financing solutions under […]

Jindal Stainless Pledges Commitment To Science-based Targets For Net Zero

Jindal Stainless, announced its official commitment to the near-term science-based emissions reduction and Net Zero targets outlined by global climate action body Science-Based Targets initiative (SBTi), in a significant step towards achieving carbon neutrality. The development makes the company the largest such player in the stainless steel and steel sector in the country to express […]

DCM Shriram Ltd. Secures Rs 100 Crore Sustainable Finance Facility from Standard Chartered Bank, India

In order to finance its upcoming 12 TPD compressed bio gas (CBG) plant at Ajbapur sugar unit in the state of Uttar Pradesh, DCM Shriram Limited, a prominent conglomerate with a diverse business presence in Chlor-Vinyl, agri-rural, and value added businesses, has successfully partnered with Standard Chartered Bank, India to provide transition finance of Rs […]

Launch of the report on energy transitions to achieve India’s net-zero targets

A meeting was held for the launch of the report titled “Synchronizing energy transitions towards possible Net-Zero for India: Affordable and clean energy for All” prepared by IIM Ahmedabad and sanctioned by PSA, GoI. The report attempts to answer key questions related toIndia’s energy trajectory such as how much energy does India need to achievehigh […]

UltraTech to buy 26% stake in O2 Renewable for green energy needs

UltraTech Cement said it will acquire 26 per cent equity of O2 Renewable Energy, a company engaged in the generation and transmission of renewable energy. This will help the Aditya Birla Group firm meet green energy needs, optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. “The acquisition is […]

Mahindra Lifespaces launches Mahindra Zen Bengaluru’s 1st Net Zero Waste + Energy Homes

Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, furthers its commitment to sustainable development with the launch of Bengaluru’s 1 st Net Zero Waste + Energy residential project, Mahindra Zen. After the tremendous success of Mahindra Eden, which was India’s 1st Net Zero Energy residential development, this launch […]

JSW Energy Acquiring Reliance Power’s Wind Project

JSW Renewable Energy (Coated) Limited, a wholly-owned subsidiary of JSW Neo Energy Limited and a step down subsidiary of the Company, has signed a Business Transfer Agreement with Reliance Power Limited for the purchase of the 45 MW Vashpet Wind Project (Business Undertaking) as a going concern on a slump sale basis. The transaction is […]

Mahindra signs MoU with Adani Total Energies E-Mobility Limited, broadening EV charging infrastructure access

The memorandum of understanding (MoU) between Mahindra and ATEL sets a roadmap for the creation of an expansive EV charging infrastructure across the country. Moreover, the partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions. With this association, the […]

MNRE issues guidelines to set up green hydrogen hubs in India

The Ministry of New and Renewable Energy (MNRE) has released guidelines for establishing green hydrogen hubs as part of the National Green Hydrogen Mission. The MNRE and the designated SCHEME implementing agencies (SIAs) will be responsible for these hydrogen hubs. The initiative will offer assistance for the establishment of essential infrastructure at hydrogen hubs, including […]

Coal Sector Aims to Ramp up Renewable Energy Capacity to Over 9 GW by 2030

In alignment with the Prime Minister’s ‘Panchamrit’ announcement during COP-26 and to progress towards the goal of net zero carbon emissions by 2070, Ministry of Coal has taken significant steps for promoting renewables initiatives towards reducing carbon footprints. With a keen focus on enhancing renewable energy capacity, the Ministry has set ambitious net-zero electricity consumption […]

Adani Green Energy Operationalizes 1000 MW Of The 30000 MW Khavda Renewable Energy Park

Adani Green Energy Limited (AGEL) has operationalized cumulative capacity of 1,000 MW solar energy at the world’s largest RE park at Khavda, Gujarat. With this, AGEL has achieved operational capacity of 9,478 MW and continues its journey to the stated goal of 45,000 MW by 2030. AGEL delivered 1,000 MW in less than 12 months […]

UltraTech Cement Limited deploys floating solar panels to boost renewable energy usage

UltraTech’s integrated manufacturing unit, Awarpur Cement Works, has installed Floating Solar Photovoltaic panels (FSPVs) in two water reservoirs of 3600 square meter area, located in the mines area within the unit premises. With a DC capacity of 4.096 MWp (3.30 MW AC), the solar project consists of around 7600 solar panels. The project has the potential […]

Mahindra Group and Johnson Controls Launch Net Zero Buildings Initiative to Decarbonize Buildings in India

As India ramps up efforts to decarbonize its rapidly growing infrastructure of buildings, the Mahindra Group, one of India’s leading industrial enterprises, and Johnson Controls, the global leader in smart, healthy and sustainable buildings, today announced a first of its kind Net Zero Buildings Initiative to decarbonize India’s commercial, urban residential and public buildings. The joint initiative will […]

NGEL, a wholly owned subsidiary of NTPC Limited, signed a JV UPRVUNL for development of RE Parks in Uttar Pradesh.

In order to realize the green energy objectives of NTPC and the GOI’s efforts towards energy transition, NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, signed a Joint Venture Agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 4th March 2024 at UPRVUNL’s office at Lucknow for development of […]

Tata Steel to use Tata Motors’ new green-fuel fleet in carbon-neutral drive

Tata Motors, India’s leading commercial vehicle manufacturer, has launched its next-generation green-fuel-powered commercial vehicles. The fleet, which includes Prima tractors, tippers, and the Ultra EV bus, is powered by Liquefied Natural Gas (LNG) and battery electric technologies. Girish Wagh, Executive Director of Tata Motors, added, “Our green fleet of commercial vehicles will accelerate Tata Steel’s […]

RBI proposes norms for disclosure of climate-related financial risks for lenders

The Reserve Bank proposed to make it mandatory for banks and NBFCs to disclose information about their climate-related financial risks on a standalone basis. Climate-related financial risks mean the potential risks that may arise from climate change or from efforts to mitigate climate change, their related impacts and economic and financial consequences. Climate-related risks are […]

Blusmart collaborates with tata power to source green power; goes 100% renewable to decarbonise mobility at scale

BluSmart, India’s leading born-electric, full stack, vertically integrated eMobility ride hailing service and EV charging infrastructure network, proudly announces a groundbreaking multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL) a wholly-owned subsidiary of Tata Power – one of India’s largest integrated power companies, to source green power. This strategic collaboration marks […]

NTPC Green Energy signs land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation for setting up India’s largest green hydrogen production facility

Power sector PSU and India’s largest integrated power company NTPC Limited has signed a Land Lease Agreement in order to realize its green energy and green hydrogen objectives, thus also contributing to the Government of India’s efforts towards energy transition. The project includes construction of India’s largest green hydrogen production facility (1,200 tons per day), which will […]

NTPC gets recognition for its effective water management; climbs up two levels in Carbon Disclosure Project Water Security Rating

NTPC’s Environmental, Social, and Governance (ESG) Score has ascended by two levels, transitioning from a ‘D’ rating in 2022 to a ‘C’ rating in 2023, in the Carbon Disclosure Project (CDP) Water Security Rating. This achievement serves as a testament to NTPC’s unwavering commitment to environmental stewardship and sustainable practices, with a specific emphasis on water […]

Government of Goa and Power Finance Corporation come together to pioneer subnational Blended Finance Facility for Climate Action

Power Finance Corporation (PFC), leading NBFC, power sector PSU and the largest renewable energy financier in India, has signed a Memorandum of Understanding (MoU) to support the climate ambitions of the state of Goa. The support extended would be under the Blended Finance Facility being set up by Government of Goa in partnership with The World […]

IREDA and Punjab National Bank join hands to Co-Finance Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) aimed at advancing renewable energy initiatives across the nation. The agreement, signed at IREDA’s registered office in New Delhi today February 19, 2024, paves the way for joint efforts in co-lending and loan syndication for a […]

India needs Rs 30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief

The country needs investments worth Rs 30 lakh crore over six fiscal years to meet its carbon emission reduction commitments made at the UN climate change conference, an official statement said. India has set the target of having 50 per cent of its power generation capacity from non-fossil fuel sources. The government also aims to […]

Cochin International Airport and BPCL Collaborate for World’s First Green Hydrogen Plant at Airport Premises, Targets 1000 KW Power Production

The Cochin International Airport Ltd (CIAL) in Kerala has entered into an MOU with Bharat Petroleum Corporation Ltd (BPCL) to set up a green hydrogen plant in its premises to produce 1000 KW of power. The project is said to be the first Green Hydrogen plant in an airport in the world. As per the […]

Tata Power Renewable, Tata Comm ink Rs 105 crore pact to set up captive solar project

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, […]

Tata Motors Partners with UN-Backed LeadIT Initiative to Accelerate Transition Towards Net-Zero Emissions

Tata Motors, a global leader in the automotive industry, announces its partnership with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member of LeadIT, Tata Motors will be able to harness the power of […]

Adani Ports Secures Top Position For Its Climate Actions And Environmental Performance

Adani Ports and Special Economic Zone Ltd (APSEZ) has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. APSEZ secured the Leadership band in the CDP Climate Assessment, reflecting its dedication to addressing climate challenges. Additionally, APSEZ distinguished itself by clinching the top rank on the […]

HDFC Bank raises $ 300 million through maiden Sustainable Finance Bond Issue

HDFC Bank Limited announced that it has raised $ 300 million through its first ever sustainable finance bond issue. This is part of an overall raise of $ 750 million through Regulation S Bonds. While $ 300 million has been raised for a tenure of three years with a 95 basis points spread over US […]

SBI Environmental, Social, and Governance (ESG) Financing Framework

State Bank of India (SBI), India’s largest commercial bank, has adopted an ambitious Environmental, Social, and Governance (ESG) Financing Framework. This framework marks a significant stride in aligning the bank’s operations with sustainable development goals and global ESG standards.

Government issues Guidelines for Pilot Projects for utilizing Green Hydrogen in Shipping Sector

The Government of India has come out with guidelines for undertaking pilot projects for using green hydrogen in the shipping sector. The guidelines, named “Scheme Guidelines for implementation of Pilot projects for use of Green Hydrogen in the Shipping Sector”, have been issued by the Ministry of New & Renewable Energy (MNRE) on 1st February, 2024, […]

Government issues Pilot Project Guidelines for utilizing Green Hydrogen in Steel Sector

The Government of India has come out with guidelines for undertaking pilot projects for using green hydrogen in the steel sector. The guidelines, named “Scheme Guidelines for implementation of Pilot projects for use of Green Hydrogen in the Steel Sector under the National Green Hydrogen Mission”, have been issued by the Ministry of New & […]

NGEL MoU for INR 80,000 crore green hydrogen to ammonia project

NTPC Green Energy Limited (NGEL) signed a Memorandum of Understanding (MoU) with Govt of Maharashtra for development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to 1 million Ton capacity per annum, including Pump Hydro Projects of 2 GW and development of RE projects with or without storage up to 5 GW […]

Tata Power Lights up Asia’s Largest Tea Estate with Innovative Solar Power Technology

Tata Power Renewable Energy Limited (TPREL), a leading player in India’s renewable energy sector and a subsidiary of The Tata Power Company Limited, has successfully commissioned a pioneering 1040 kW Bifacial Solar System project with Chengmari Tea Estate, Asia’s largest tea estate. This marks the first-ever installation ofon-ground bifacial modules in eastern India. Its expected […]

Lodha Sets Industry Standard With SBTi-Validated Net-Zero Targets

Lodha, recognised as one of the  India’s top real estate developer, disclosed today that its Net-Zero targets have received validation from the Science Based Targets initiative (SBTi). Since unveiling these ambitious goals in 2021, Lodha has maintained a steadfast commitment to significantly reduce carbon emissions within the built environment, contributing to India’s 2070 net-zero target. The […]

REC Limited and National Investment and Infrastructure Fund Limited to collaborate on funding solutions for renewable energy projects and large infra projects

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India. Executive Director & Chief […]

GRI Launches New Biodiversity Reporting Standard

In response to the unprecedented challenges facing nature, particularly with human activities driving one million animal and plant species towards extinction, the Global Reporting Initiative (GRI) has released a significant update to its Biodiversity Standard. This updated standard, GRI 101: Biodiversity 2024, establishes a new global benchmark in accountability for biodiversity impacts.

Mphasis achieves top quartile in global ESG ratings

Mphasis has secured high scores in S&P Global ESG rating, achieving a strong performance in the Governance and Economic Dimension with a score of 73. This is further complemented by strong scores in the Social (60) and Environmental (54) Dimensions, reaffirming Mphasis’ diligence in corporate and economic governance. Furthermore, Mphasis has been awarded a 54/100 […]

Coal Sector’s Stride into Energy Efficiency; Steps towards Carbon Neutrality

Secretary (Coal) has reviewed Energy Efficiency Measures undertaken by Coal/Lignite PSUs on 19.01.2024 and appreciated the remarkable works being done in Coal Sector on this initiative. During the meeting, Secretary (Coal) suggested to explore use of EVs in transportation and mining operations in consultation with DGMS, undertake building energy efficiency measures in all the buildings […]

IREDA and Indian Overseas Bank join hands in co-lending for Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB), setting the stage for collaborative efforts in co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation. Encompassing a range of services, the MoU includes provisions for co-lending and co-origination support for […]

MNRE Notifies New Scheme To Boost Green Ammonia Production In India

The Indian government has unveiled the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, specifically focusing on Component II: Incentive Scheme for Green Ammonia Production and Supply under Mode 2A. This initiative is a crucial part of the National Green Hydrogen Mission, which has received an outlay of ₹19,744 crore up to the financial year […]

JSW Energy Announces Investment of INR 9,000 crore in Telangana to setup Pumped Storage Project

JSW Neo Energy, a subsidiary of JSW Energy, has announced the setting up of a Pumped Storage Project in Telangana, with an investment of INR 9,000 crore at Telangana Pavilion. A Memorandum of Understanding (MoU) was signed between the State Government of Telangana and JSW Neo Energy at a meeting at the World Economic Forum. […]

Avaada Group to invest Rs 40,000 cr to develop 6 GW hybrid renewable projects in Gujarat

Avaada Group said it has committed investments worth Rs 40,000 crore for development of 6,000 MW hybrid wind-solar projects in Gujarat. The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar, a company statement said. According to […]

ONGC gets govt nod for green energy, gas unit

State-owned Oil and Natural Gas Corporation (ONGC) will set up a new unit to house its gas business and clean energy projects such as green hydrogen, as it looks to fast-track foray into new areas. In a stock exchange filing, the firm said it last month received approval of the Ministry of Petroleum and Natural […]

Coal Ministry Initiates Comprehensive Mine Closure Strategies

In a significant move towards ensuring responsible and environmentally conscious coal mine closures, the Ministry of Coal has spearheaded initiatives to address abandoned and closed mines. Mine closure activities are already underway for these identified mines, underscoring the commitment of both Coal India Ltd and SCCL to environmental sustainability. In addition, the Ministry has appointed […]

Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards

The document by IFRS discusses areas of interoperability between GRI 305: Emissions 2016 (GRI 305) and IFRS S2 Climate-related Disclosures (IFRS S2) that a company should consider when measuring and disclosing Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions in accordance with both Standards. Companies that already disclose Scope 1, Scope 2 and […]

AGEL completed the transfer of 1,050 MW renewable portfolio to a JV between AGEL and TotalEnergies

Adani Green Energy Limited (AGEL) announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects.This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023. The JV houses the […]

SJVN Limited Secures 100 MW Solar Power Project

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN has secured 100 MW Solar Power Project through e-Reverse Auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).Highlighting the benefits, Sh. Nand Lal Sharma said that the project is expected to generate about 252 million units in its first year of commissioning and […]

Promoters to Invest INR 9350 Crore equity in Adani Green to achieve 45 GW target by 2030

Adani Green Energy Ltd (“AGEL”) announced that the Board of Directors of AGEL have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of INR 9,350 crore (equivalent to USD 1,125 million) at a per share price of INR 1,480.75/share calculated basis SEBI ICDR regulations. The issuance is subject to the […]

Adani Green Concludes PPA Tie-Up For Entire 8,000 MW Manufacturing-Linked SECI Tender

Adani Green Energy Ltd (AGEL), India’s largest and among the world’s leading renewable energy players, has announced the execution of power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power. With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the […]

15th Stakeholders’ Meet: CMD, IREDA Highlights Financial Viability for Emerging Renewable Energy

Shri Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), reiterated the company’s commitment to leading the charge in transforming new and emerging Renewable Energy technologies into financially viable ventures. He made these remarks during the 15th Stakeholders’ Interaction Meet of IREDA, held virtually, which serves as a platform for […]

NTPC Coal Mining Projects Shine Bright With Star Rating Awards For Sustainable Mining Excellence

NTPC’s Dulanga Coal Mining Project in Odisha and Talaipalli Coal Mining Project in Chhattisgarh have received Star Rating Awards under the category of Opencast mines at the Annual Star Rating of Coal Mines Awards of Ministry of Coal.This achievement reflects their commitment towards best mining practices and environmental standards to promote sustainable mining. NTPC has conceptualized […]

GSI and NIRM Host Stakeholder Workshop on Pumped Storage Hydro Projects to Augment Green and Clean Energy

The Geological Survey of India (GSI) and National Institute of Rock Mechanics (NIRM) jointly hosted a stakeholder workshop in Hyderabad focusing on the critical aspects of geology and geotechnical issues for ensuring safe and sustainable DPR of Pumped Storage Hydro Power Projects (PSPs). Shri Rao mentioned that Ministry of Power, has rightly envisaged construction of large […]

MEA notifies rules for leasing offshore Wind Energy Sites in the Offshore Wind Energy Lease Rules, 2023

Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore Wind Energy Lease Rules, 2023, issued by the Ministry of External Affairs.The lease period can be extended by an additional two years. All clearances will be revoked after the five-year […]

Separate auction window created to incentivize green coal and sustainable coal mining under NRS auction policy for coal gasification project

As per the EIA Notification 2006, a detailed Environment Impact Assessment (EIA) is carried out for each project by coal companies considering pre and post mining conditions for preparing EMPs which are discussed in details by the Environmental Appraisal Committee (EAC) of experts under Ministry of Environment, Forest and Climate Change (MoEF&CC) and accordingly Environment […]

Adani ‘Green Talks’ Supports 5 Social Impact Startups

The Adani Group, India’s fastest growing portfolio, held the third edition of ‘Green Talks’ here today. Founders of five startups presented their ideas at the event that aims to provide a platform to social entrepreneurs to develop their ideas and bring them to fruition.‘Green Talks’ is a nonprofit open platform that unites the global network […]

NLC India takes green initiative: Construction grade sand from mine overburden

In line with the Ministry of Coal, Government of India’s directives to promote sustainable practices, The company’s M-Sand Plant is anticipated to annually produce 2.62 Lakh Cubic Meters of Civil Construction Grade M-Sand from Mine Overburden. This initiative is particularly due to the scarcity of natural sand for construction purposes. The plant is scheduled to […]

Tata Power Renewable Energy Limited inks Power Delivery Agreement for 13.2 MW

Tata Power Renewable Energy Limited (TPREL), one of the most significant renewable energy players in India, entered into a Power Delivery Agreement (PDA) with Dr. Abhay Firodia Group of Companies – Force Motors Limited and Jaya Hind Industries Private Limited, for supplying Green power for 25 years under Group Captive scheme. The partnership marks a […]

Reliance Industries Limited and DBS Bank India collaborate to promote Compressed Biogas project

The agricultural residue supply chain has so far been unorganised as farmers and aggregators have not been adequately incentivised and financed. However supportive schemes such as the Guidelines for Crop Residue 2020 (revised in 2023) and solid waste management rules under the Swachh Bharat Mission have laid the ground for creating a new value chain […]

Axis Bank extends INR 2.5 Billion loan to Vivriti Capital under GuarantCo partnership to boost e-mobility in India

Axis Bank in partnership with GuarantCo, a part of the Private Infrastructure Development Group (PIDG), has extended INR 2.5 billion (c. USD 30 million) three-year loan to Vivriti Capital, an India-based, impact focused non-bank financial institution, to support the company’s strategy to expand its portfolio by lending to companies operating in the e-mobility ecosystem in India.This […]

MNRE updates 2016 policy for repowering wind power projects under the National Repowering and Life Extension Policy for Wind Power Projects 2023

The Ministry of New and Renewable Energy (MNRE) has updated its 2016 policy for repowering wind power projects, aiming to simplify the process of replacing older turbines. The ‘National Repowering and Life Extension Policy for Wind Power Projects 2023′ permits the replacement of older turbines with more efficient ones, even prior to reaching the conclusion […]

SJVN’s 60 MW NMHEP starts commercial generation and synchronizes with National Grid

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN announced that at 60 MW Naitwar Mori Hydro Electric Project (NMHEP) in Uttarakhand, the First Unit of 30 MW capacity has successfully achieved the Commercial Operation Date (COD) on 24th Nov. With this achievement, the company has now furthered its total generation capacity to 2122 MW […]

Adani Power To Co-Fire Green Ammonia At Its Mundra Plant For A Sustainable Future

To fast-track energy transition and slash emissions before 2030, Adani Power Ltd., India’s largest private sector power generator, has undertaken green ammonia combustion pilot project at its Mundra plant as part of its multipronged decarbonization initiatives.As part of the project, the Mundra Plant, which is India’s largest private sector power plant, will co-fire up to […]

Adani Total Gas Ltd launches Green Hydrogen Blending Pilot Project

As part of the project, ATGL will employ the latest technologies to blend Green Hydrogen (GH2) with natural gas for over 4,000 residential and commercial customers at Ahmedabad, Gujarat. GH2 is produced using electrolysis of water with electricity generated by renewable energy.The project is expected to be commissioned by Q1 FY24-25 and the percentage of […]

Tata Power Renewable Energy Limited secures Letter of Award for development of 200 MW Firm and Dispatchable Renewable Energy Project with SJVN Limited

Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Company, one of the largest renewable energy players in India, has received a Letter of Award (LOA) for developing a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project with SJVN Limited (SJVN). SJVN is an Indian public sector undertaking (PSU) involved in hydroelectric and […]

Government mandates blending of CBG in CNG and PNG

CBG Blending Obligation (CBO) will promote production and consumption of Compressed Bio-Gas (CBG) in the country, said Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs. In a major step towards enhancing use and adoption of CBG, the National Biofuels Coordination Committee (NBCC), chaired by Union Petroleum Minister announced […]

Coal India aims for 3 GW solar energy capacity by 2025-26

In its recent initiative toward embracing renewable energy sources, Coal India Limited (CIL) has outlined an expansive roadmap to venture into solar power generation, aiming to achieve a capacity of 3,000 MW by 2025-26. CIL has specifically laid out plans to implement 379 MW of solar projects distributed among its subsidiaries, in addition to earmarking […]

Tata Power energizes EV Travel on Chandigarh-Shimla route with seamless charging infrastructure

Tata Power, one of India’s largest and leading EV charging solutions providers announced the activation of its electric vehicle (EV) charging infrastructure along the Chandigarh- Shimla highway, covering a total distance of 111 kms and addressing the demand for reliable charging options on this popular route. Committed to building a reliable and accessible EV Charging […]

Tata Power Renewable Energy Limited crosses milestone of 1.4 GW capacity of Group Captive projects

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of the large renewable energy players in India has crossed the 1.4 GW capacity of group captive projects in last seven months. This achievement is the result of signing of Power Delivery Agreements (PDA) with various industries across segments.With these […]

SJVN signs PPA for 200 MW Wind Project with SECI

Sh. Nand Lal Sharma informed that SJVN Green Energy Limited (SGEL) a wholly owned subsidiary had participated in the Tariff based competitive Bidding process conducted by SECI for Selection of Wind Power Developers for setting up 1200 MW grid connected Wind Power Projects anywhere in India. SGEL bagged 200 MW at a tariff of Rs. […]

HPCL targets 2.4 GW renewables, 16,870 tpa green hydrogen capacity by 2027-28

Hindustan Petroleum Corp. Ltd (HPCL), a government-owned oil and natural gas company, plans a capex of around INR 75,000 crore over the next five years with around 25 to 30% earmarked for the renewables and the gas segment. To reduce its carbon footprint, the company targets to increase its renewable energy generation portfolio to 2.4 […]

InterGlobe Enterprises and Archer Aviation Announce Plans to Launch All-Electric Air Taxi Service Across India in 2026

InterGlobe Enterprises, India’s foremost travel and hospitality conglomerate and Archer Aviation Inc., a leader in electric vertical takeoff and landing aircraft, announced today that they have entered into a memorandum of understanding (MOU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and […]

GRI establishes Sustainability Innovation Lab in coordination with the IFRS Foundation

Global Reporting Initiative (GRI) has announced the upcoming launch of the Sustainability Innovation Lab (SIL), in partnership with the IFRS Foundation as its Convening Partner. The SIL is being established to enable companies to meet their evolving sustainability disclosure requirements, fostering professional development, training, practical solutions and innovative thinking.The SIL will bring together global and […]

Avaada Energy Secures Landmark 1400 MWp Solar Project In India 

Avaada Energy announces its latest achievement – securing a 1400 MWp Solar Project through an e-Reverse auction hosted by NHPC Ltd., the Renewable Energy Implementing Agency of the Government of India.This milestone project, won through a rigorous and competitive e-Reverse auction process, showcases Avaada Energy’s commitment to competitive pricing with a winning tariff of Rs. […]

Accreditation Eligibility Criteria and Procedure for Accredited Carbon Verification Agency

The Accredited Conformity Assessment Body (ACV) needs to be either a registered firm under the Indian Partnership Act 1932 or a company incorporated under the Companies Act 1956. It must have a minimum annual turnover of ₹5 million (~$60,011) in at least one of the previous three years. A net worth of ₹2 million (~$24,048) will […]

Bureau of Energy Efficiency releases Detailed Procedure for Compliance Mechanism under CCTS

Entities will be informed of an annual target for three years, and upon the conclusion of this period, the targets will undergo revision.Under the new procedure, the Ministry of Environment, Forest and Climate Change will announce the greenhouse gas (GHG) emission intensity targets for tons of carbon dioxide equivalent (tCO2e) per unit of equivalent product […]

World Bank Signs $200 Million Project to Increase Renewable Energy Penetration in Himachal Pradesh

The Government of India, the Government of Himachal Pradesh and the World Bank has signed $200 million project that will facilitate power sector reforms in Himachal Pradesh and increase the share of renewable energy (RE) in the state’s electricity generation. This will contribute to the state’s overall aim of adding 10,000 megawatts (10 gigawatts) of […]

International Solar Alliance’s Global Solar Facility set to receive a capital contribution of $35 million dollars

The International Solar Alliance (ISA) today announced that the Global Solar Facility (GSF), a payment guarantee fund formed by ISA to stimulate investments into solar power projects, is set to receive a capital contribution of $35 million dollars. This financing vehicle, bolstered by payment guarantees, insurance, and investment funds, aims to mitigate project risks, provide […]

Ultratech Cement to invest Rs 13,000 crores in capacity expansion and green energy

The Board of Directors at its meeting held on 30th October, approved the 3rd phase of growth with an investment of INR 13,000 crores towards increasing the capacity by another 21.9 mtpa with a mix of brown field and green field projects. An important point to note is that there will be no investment in […]

STL achieves a global milestone; World’s first Eco-labelled optical products range unveiled at IMC 2023

Sterlite Technologies Limited, a leading optical and digital solutions company, announced that it has become the ‘first in the world’ to launch a range of Eco-labelled Certified Optical Products. This range of optical products is recognized by US-based Sphera, an ESG performance consulting services company, and verified by Metsims Sustainability Consulting, a global sustainability consulting […]

NTPC Inks MoA with EIL for Green Fuel & Green Fertilizer

In line with its vision of venturing into emerging Green Business sectors, Engineers India Limited (EIL) inked a Memorandum of Agreement (MoA) with NTPC Limited on October 25, 2023. As per the MoA framework, EIL will engage with NTPC to carry out collaborative work in the domain of Carbon Capture Utilization & Storage (CCUS), Green […]

Vedanta Aluminium Recognised for Business and Energy Excellence by CII

Vedanta Aluminium, India’s largest producer of aluminium, has garnered industry acclaim at the prestigious Confederation of Indian Industry’s IQ National and Regional Excellence Practice Competition and National Energy Awards for Excellence in Energy Management. The company has won two gold awards for its project ‘Supply Chain Operations & Safety Digitalization’, and also emerged as the […]

Grid India releases URET regulation

The Grid Controller of India has released guidelines for the enforcement of a uniform renewable energy tariff (URET) for projects integrated into the central pool and connected to interstate transmission systems (ISTS). This guideline was released as a subsequent step to the announcement made in 2022 by the Ministry of Power (MoP), which proposed the […]

AU Small Finance Bank Introduces Planet First – AU Green Fixed Deposit, With Proceeds Dedicated To Green Projects

AU Small Finance Bank (AU SFB), India’s largest SFB, proudly introduces its first Green Fixed Deposit (FD) called Planet First – AU Green Fixed Deposit, purposefully designed to allocate its entire proceeds to support renewable and green projects including solar power, electric mobility solutions etc. AU SFB is in a unique position to contribute towards sustainable ‘Badlaav’ […]

Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies

Tata Motors, India’s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of engine test cell for development of Hydrogen Internal Combustion Engine and the necessary infrastructure for storage and dispensing of Hydrogen fuel for the Fuel Cell and H2ICE vehicles.These facilities […]

Tata Power Renewable Energy Limited signs 12.5 MW PDA with Supreme Petrochem Limited

Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy players and a subsidiary of The Tata Power Company Limited has signed a Power Delivery Agreement (PDA) with Supreme Petrochem Limited for a 12.5 MW group captive project through a SPV – TP Saturn Limited. Located in Achegaon, Maharashtra, the plant will generate […]

MoP announces RPO targets for 2024 to 2030

In accordance with the Energy Conservation Act of 2001, the Ministry of Power has announced the minimum share of renewable energy from April 2024 to March 2030. These rules apply to all designated consumers, including captive users, open-access consumers, and energy distribution licensees. A new category of distributed renewable energy has been added under renewable […]

Lodha recognized as a Global Sector Leader in Sustainability by GRESB

Lodha ranks first in Asia among residential real estate developers in the prestigious GRESB Development Benchmark 2023.The Company ranked first in Asia among the residential real estate developers with a score of 100 out of 100 in the Development Benchmark. In the Standing Investments Benchmark, it ranked 8th in Asia in the category of Diversified […]

Avaada Group Inks MOU with REC Ltd for a Landmark $1.8 Billion Green Ammonia Project Financing

In line with our strategic objectives and commitment to sustainable growth, Avaada Group’s Green Ammonia division is pleased to announce the formalisation of a Memorandum of Understanding with REC Ltd. This seminal agreement paves the way for the financing of our green ammonia endeavour in Odisha, representing an investment commitment of 15,000 cr (approximately $1.8 […]

Indian Oil to invest Rs 1,660 cr in exchange for 50% stake in JV with NTPC

Oil major Indian Oil Corporation will invest Rs 1,660.15 crore for its 50 per cent stake in a joint venture with NTPC Green Energy Pvt Ltd announced earlier this year, it said in a regulatory filing on Friday. The two companies had in March announced a JV IndianOil NTPC Green Energy to develop renewable energy power plants. “The board […]

MNRE announces Rs 4 billion R&D roadmap to develop green hydrogen ecosystem

The Ministry of New and Renewable Energy (MNRE) has introduced a Rs 4 billion research and development (R&D) roadmap as part of its efforts to create an ecosystem that promotes the commercialisation of green hydrogen for the National Green Hydrogen Mission.The R&D roadmap has the objective of advancing new materials, technologies, and infrastructure to improve […]

Ministry of Coal Organizes National Workshop on “Global Experience Sharing on Just Transition”

Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi said that to further strengthen sustainable coal mining in India and to focus on green coal technology, a financial outlay will be announced soon. The Minister was addressing the valedictory session of National Workshop on “Global Experience Sharing on Just Transition”, organized here today […]

CERC approves fortnightly trading of RECs for six months

The Central Electricity Regulatory Commission (CERC) has approved a petition to amend Renewable Energy Certificate (REC) contracts, bringing about changes in the trading dynamics at the Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). The move aims to bring REC contracts in line with the new rules for renewable energy certificates set out […]

Power ministry proposes cut in renewable generation obligation for new power plants to 6-10% from 40%

The Ministry of Power (MoP) has proposed to reduce the renewable generation obligation (RGO) for coal or lignite-based power plants, lowering it to a range of 6-10 per cent from the previous 40 per cent. According to the draft notification, for coal or lignite-based power plants commencing commercial operations on or before March 31, 2023, the […]

NIIF and JBIC unveils $600 million India-Japan fund

The National Investment and Infrastructure Fund (NIIF) has entered into a collaboration with the Japan Bank for International Cooperation (JBIC) to launch a $600 million India-Japan Fund (IJF) with JBIC and Government of India (GoI) as anchor investors. This joint initiative signals a key dimension of collaboration between the two countries in an area that […]

Ultratech Cement Ltd. wholly owned subsidiary signs Agreement with Cemex UAE

Cemex UAE, has announced signing a cooperation agreement with Star Cement Co LLC , a wholly owned subsidiary of UltraTech Cement Limited, India, an Aditya Birla Group Company. The partnership aims to recycle concrete waste in the construction industry as well as reduce carbon emissions and improve the overall environmental impact of construction projects. Through […]

Hindustan Zinc Signs Landmark Agreement for 180 LNG Vehicles

Hindustan Zinc, a Vedanta group company and India’s largest & only integrated producer of Zinc, Lead & Silver, has unveiled two groundbreaking initiatives that underscores their commitment towards environmental stewardship through strategic partnership and cutting-edge technology. In a significant move towards green transportation, the company has joined forces with Greenline, a subsidiary of Essar Group, […]

JSW Cement begins EV trials to reduce carbon footprint in logistics

JSW Cement, the world’s leading green cement company and part of US$ 23 billion JSW Group, has commenced a pilot of Electric Vehicles (EV trucks) trials as part of its plan to significantly reduce carbon footprint in logistics operations. The company plans to achieve this by replacing fossil fuel-based vehicles with EV Trucks. JSW Cement […]

ONGC inks MoU with NTPC Green Energy Limited for Development of Renewable Energy Projects

Oil and Natural Gas Corporation (ONGC) inked Memorandum of Understanding (MoU) with NTPC Green Energy Limited (NGEL) to realize its Renewable energy objectives towards energy transition on 27 September 2023. The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains. The MoU envisages collaboration of the two mega […]

Indian Standards on Biofuel to Aid GBA’s Clean Energy Goals

The Bureau of Indian Standards (BIS), the National Standards Body of India commits to complement the green initiatives of the country through development of relevant standards. Through an official release, BIS also announced that the Indian Standards will significantly complement the objectives of Global Biofuel Alliance (GBA), the multilateral forum announced by Prime Minister Narendra […]

Tata Motors delivers first-of-its-kind Hydrogen Fuel Cell powered buses to Indian Oil

Tata Motors, India’s largest commercial vehicle manufacturer, today made a giant leap forward in its commitment to move India forward with smarter and greener mobility solutions by delivering first-of-its-kind Hydrogen Fuel Cell powered (FCEV) buses to Indian Oil Corporation Ltd. (IOCL), the country’s largest petroleum company. Tata Motors research and development facilities have consistently engineered […]

SBTi launches the world’s first science-based decarbonization framework for iron and steelmaker

The SBTi has launched the world’s first science-based decarbonization framework for all iron- and steelmakers worldwide to develop and set emissions reduction targets within the unique context of the industry. Through this guidance, the SBTi outlines by how much, and how quickly, a company within the steel value chain needs to cut its emissions to limit global […]

TNFD Releases Final Recommendations for Businesses to Address Nature-Related Risks and Disclosures

The framework aims to inform decision-making by companies and capital providers, shift financial flows towards nature-positive outcomes, and contribute to global biodiversity goals. The guidelines are expected to shape future sustainability disclosure standards and have already been endorsed by organizations such as the International Sustainability Standards Board (ISSB) and CDP. The publication includes recommended disclosures, […]

IREDA signs MoUs with Bank of Maharashtra for Financing Renewable Energy Projects

This collaboration aims to promote and facilitate co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation. The MoU comprises several services including co-lending and co-origination support for all Renewable Energy projects, facilitating loan syndication and underwriting, management of Trust & Retention Account for IREDA borrowers, and a commitment to […]

The SBTi Validates Hindustan Zinc’s Near-Term & Long-Term Net-Zero Targets

Hindustan Zinc, India’s largest & only integrated producer of Zinc, Lead & Silver, has received validation on its near-term & net-zero targets by the Science Based Targets initiative (SBTi). In a groundbreaking achievement, the company becomes the sole Indian company in Mining – Iron, Aluminum, Other Metals sector to secure validated SBTi targets, aligning with […]

Oil India Ltd to invest Rs 25,000 crore to achieve net zero emissions by 2040

OIL has set for itself an ambitious target of transforming itself to a ‘Net-Zero’ emission company by 2040 through a range of initiatives, including adopting cleaner energy sources, investing in renewable energy projects and implementing advanced technologies to minimize greenhouse gas emissions, for which about Rs. 25,000 Cr is envisaged to be invested by 2040.

Coal India to invest INR 24,750 Crores in the next few years on greening the supply and transportation networks

Coal India Limited (CIL) has planned capital investments of Rs. 24,750 Crores on 61 First Mile Connectivity (FMC) projects, with a combined capacity of 763.5 million tonnes per annum (MTPA) when completed. The FMC projects involve transportation of coal in mechanized piped conveyors from production point to coal handling plants/silos with rapid loading system where […]

Tata Power and SIDBI sign MoU to offer easy financing to MSMEs for solar adoption

MSMEs willing to opt for Rooftop Solar PV Plant or associated services from Tata Power or its authorised Channel Partners across India will be financially supported by SIDBI under the scheme.Under this strategic partnership, TPSSL and SIDBI will offer customised & innovative financing solutions through SIDBI’s 4E (End to End Energy Efficiency) Scheme. The 4E […]

IICA and UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting (BRSR)

Indian Institute of Corporate Affairs (IICA), organised a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with UNICEF and National Stock Exchange at the NSE premises in Mumbai on September 12, 2023. The workshop was attended by above 50 Sustainability, CSR (Corporate Social Responsibility), ESG (Environment, Social and Governance) and BHR (Business Human […]

NTPC Green Energy and Nayara Energy Join Forces for Green Hydrogen Initiative

 NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of India’s leading integrated power producer NTPC Limited, and Nayara Energy, a new-age international downstream Energy Company of International scale, have entered into a Memorandum of Understanding (MoU) today to explore opportunities in the Green Hydrogen and Green Energy space.The MoU envisages to collaborate and produce Green […]

Edelweiss Alternatives launched its first climate fund

Edelweiss Alternatives’ Climate Fund will invest in a wide array of climate-related projects including climate mitigation, climate adaptation, renewable energy, transmission infrastructure, EV infrastructure, green infrastructure, water treatment, transport decarbonization, industrial decarbonization, and related verticals. The fund will look to invest in opportunities contributing to achieve the Sustainable Development Goals like climate action (SDG 13), […]

G20 aims to triple renewable energy capacity; no mention of fossil-fuel phase-out

G20 countries on Saturday said they will aim to triple global renewable energy capacity by 2030 and expedite efforts to phase down coal power in line with national circumstances but did not commit to a phase-out of all polluting fossil fuels, including oil and gas. The language on coal aligns with what was agreed upon […]

JSW Steel, IKEA and Flipkart to pilot electric trucks as part of Climate Group’s EV100+ initiative

JSW Steel, IKEA and Flipkart will be launching pilots to introduce electric trucks in their logistical fleets in India. The programme will be rolled out under Climate Group’s EV100+ initiative. The evidence from the pilot will accelerate the decarbonisation of transport in India. JSW Steel and IKEA are part of the EV100+ initiative, while Flipkart is an EV100 signatory.  

REC Limited holds 54th AGM, announces commitment to increase loan portfolio of green projects by more than 10 times by year 2030

REC is committed to increase its present loan portfolio of Green Projects to the extent of more than ten times by the year 2030 amounting to ₹ 3 lakh crore. REC has been known for its rural electrification efforts; now it would be known for its Renewable Energy (RE) focused initiatives including solar, wind, hybrid […]

IREDA signs MoUs with Union Bank of India and Bank of Baroda to co-finance Renewable Energy projects

Under the terms of the MOU, both Union Bank of India and IREDA have pledged to collaborate on various fronts, including co-originating renewable energy projects, loan syndication and underwriting, management of Third-Party Resources (TRA) for IREDA borrowers, and the potential investment in IREDA Bonds.

India notifies the National Framework for promoting Energy Storage Systems

Ministry of Power has released the finalized National Framework for Promoting Energy Storage Systems and has outlined the key objectives as below: a)have 24×7 dispatchable RE power; b) support ESS through policy and regulatory, financial and fiscal incentives, and performance-based incentives; c) redesign and establish market mechanisms through; d)improve grid stability; e)promote energy independence and […]

BPCL to invest 1 lakh crore till 2040 towards achieveing scope 1 and scope 2 net zero emissions

As part of the net zero roadmap under Project Aspire, BPCL plans to invest INR 1 lakh crore on scaling its green energy business, CCUS capabilities, efficiency improvements and offset procurements.BPCL further plans to build 1GW of renewable energy capacity by 2025 and 10GW by 2040 through organic as well as inorganic routes.The company will […]

Reliance aims to add atleast 100GW of renewable energy generation capacity by 2030

Reliance aims to add atleast 100GW of renewable energy generation capacity by 2030 to accelerate energy transition. The company plans to add the capacity by deploying previously announced INR 75000 crore in new energy ecosystem across the the following initiatives:1) Largest end-to-end solar PV manufacturing ecosystem at the solar giga factory at Jamnagar2) Wind power […]

NHPC and APGNECO sign MOU for Pumped Hydro Storage Projects and Renewable Energy Projects

The MoU envisages implantations of 2 Pumped Hydro Storage Projects of total capacity 1,950 MW. Pumped Storage System utilizes surplus grid power available from thermal power stations or other sources to pump up water from lower to upper reservoir and reproduces power during peak demand when there is scarcity of power. The MoU will help […]

SBI invites consultants to measure carbon footprint of its loan book

SBI has invited consultants to measure the carbon footprint of its lending book, and provide solutions in climate risk and sustainable financing. Prospective companies can send in their bids by 15th of October 2023.

ONGC to scale up renewable portfolio to 10 GW by 2030 to accelerate transformation into low-carbon energy player

ONGC plans to significantly increase its spending on green initiatives to reduce its carbon footprint as a broader effort to achieve Net-Zero for Scope-1 and Scope-2 emissions by 2038. It will enter into multiple collaborations on low-carbon opportunities including renewables, green hydrogen, green ammonia and other derivatives of green hydrogen and invest ₹1 trillion by […]

Tata Power signs MoU with the Government of Maharashtra for Development of 2800 MW of Pumped Hydro Storage Projects

Tata Power, one of India’s largest Integrated Power companies, and the Government of Maharashtra have signed a Memorandum of Understanding (MoU) to develop two large Pumped Hydro Storage projects (PSP) with a combined capacity of 2800 Megawatts (MW) in the state. These projects, with an estimated investment of approximately Rs. 13000 Cr, will be situated […]

NITI Aayog sets water neutrality standards for companies

The government’s think-tank NITI Aayog has laid out a standard definition and approach of water neutrality for industries, saying it will help save water, lead to its efficient use and enable evaluation and validation of the water neutrality claims made by industries. In its report, the Aayog has estimated that practicing water neutrality standards could lead to a total […]

86 airports using green energy in the country

Presently, 86 airports across the country are using green energy out of which share of green energy in airport’s total energy consumption is 100% for 55 airports. However, use of conventional sources of energy is the prime source of carbon emission at airports and thus replacing non-renewable energy with green energy helps in reducing the carbon […]

Coal PSUs to scale up renewable energy capacity to 7231 MW by 2027

Coal PSUs have planned to scale up their total installed renewable energy capacity to 7,231 megawatt (MW) by 2027, an official statement said on Thursday.About 1,600 MW of renewable capacity has already been created till March 2023, by the PSUs Coal India Ltd (CIL), NLC India Ltd (NLCIL), and Singareni Collieries Company Limited (SCCL).On Tuesday, […]

Tata Power Renewable Energy Limited signs Power Purchase Agreements (PPAs) with MSEDCL for 200 MW and 150 MW Solar Projects

Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of Tata Power, signed two significant Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively. Located in Maharashtra, these projects of 200 MW […]

IAASB launches public consultation on landmark proposed global sustainability assurance standard

The International Auditing and Assurance Standards Board (IAASB) today issued its proposed International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. With its focus on assurance on sustainability reporting, ISSA 5000, when approved, will be the most comprehensive sustainability assurance standard available to all assurance practitioners across the globe.ISSA 5000 is a principles-based, overarching […]

Brookfield signs MoU with Reliance Industries for onshore renewable power and decarbonization equipment manufacturing in Australia

Brookfield Asset Management has signed a Memorandum of Understanding (MoU) with Reliance Industries, a Fortune 500 company and India’s largest private sector enterprise, to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia.Anant Ambani, Director, Reliance New Energy Limited, said: “At Reliance, we are firmly committed to the mission of creating a global […]

Tata Power revolutionizes EV Charging experience; Launches RFID enabled ‘EZ CHARGE’ card

Tata Power on 31st July launched a radio-frequency identification card, which, it said, will help accelerate the adoption of electric vehicles in the country.With the launch of the card, Tata Power aims to leverage its electric vehicle (EV) charging infrastructure, which includes over 40,000 home chargers, more than 4,000 public and semi-public charging points, and […]

Cummins bags energy management award for 45 plants across 8 countries

Cummins has received a 2023 Energy Management Insight Award from the Clean Energy Ministerial (CEM), a high-level global forum to promote policies and programs that advance clean energy technology, to share lessons learned and best practices and to encourage the transition to a global clean energy economy. Energy major wins Clean Energy Ministerial’s award for […]

Tata Steel becomes the first company in India to use LNG powered Capesize bulk carrier for its raw material movement from Australia to India

Tata Steel has adopted various “industry first” initiatives in sustainability. Reiterating its commitment to a sustainable future, Tata Steel becomes the first Indian company to import cargo on bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil). This groundbreaking vessel sets a new benchmark for sustainable shipping practices […]

BHEL synchronises Maitree Super Thermal Power Plant Project in Bangladesh

Bharat Heavy Electricals Limited (BHEL) has achieved a major milestone with the successful synchronisation of the 660 MW Unit-2 of the 1,320 MW Maitree Super Thermal Power Project (STPP) in Bangladesh. The synchronisation of the unit has been done ahead of the commitment given at a high level G2G meeting, which was a very tough […]

SJVN to develop 5 hydro projects in Arunachal Pradesh

State-owned power producer SJVN Ltd on Monday said it has been allocated five hydro electric projects having a total generation capacity of 5,097 MW in Arunachal Pradesh.The five projects, allocated by tne Arunachal Pradesh government, are situated in tributaries of Dibang River. They are 3,097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 Amulin […]

NDMC plans new solar policy to shift completely to renewable energy

The New Delhi Municipal Council (NDMC) is planning to bring in a new solar policy with an aim to shift completely to renewable energy, officials said on Tuesday.  At a press conference, NDMC member Kuljeeg Chahal said the civic body will encourage the implementation of grid-connected solar plants.   “New Delhi Municipal Council has embarked upon […]

RBI plans guidance on stress testing for climate vulnerability of banks’ credit portfolio

The Reserve Bank of India plans to soon come out with guidance for banks on stress testing for climate vulnerability of their credit portfolio, according to Deputy Governor M Rajeshwar Rao.He also said the consequences, intensity, severity, and frequency of climate events are hard to measure and difficult to predict, and the impact of these […]

Torrent Power Launches Public EV Charging Stations

Torrent Power Ltd. (TPL) a leading electric utility, has forayed into the Electric Mobility Infrastructure Sector. The initial set of 4 EV charging stations have been set up in Ahmedabad and 2 more are likely to be launched in Surat soon with more cities to be added in the near future.Varun Mehta – Director, Torrent […]

PFC is the 1st member from India to join Asia Transition Finance Study Group

PFC is the first member from India to join ATFSG. This is an initiative by Japanese Ministry of Economy, Trade and Industry (METI) for promoting sustainable transition finance for Asian Countries. Other members and observers of the ATFSG include Japanese banks, major Asian and global financial institutions, development banks, export credit agencies, and government agencies. […]

SJVN GETS LETTER OF INTENT FOR DEVELOPMENT & PROCUREMENT OF 1200 MW SOLAR POWER FOR PUNJAB

SJVN Green Energy, a wholly-owned subsidiary of SJVN, has received the letter of intent from the Punjab State Power Corporation (PSPCL) for the development of 1,200 MW of solar power projects.The company will develop 1,000 MW of solar projects anywhere in the country, and the balance of 200 MW will be developed in Punjab.PSPCL will […]

Goa’s clean energy roadmap 2050

Goa will ensure 100 per cent renewable energy-based electricity supply to all the demand sectors by 2050 or even much earlier, Chief Minister Pramod Sawant said on 22nd July.The chief minister was speaking at the launch of Goa’s clean energy roadmap 2050 during the ongoing G20 Clean Energy Ministerial (CEM) and 8th Mission Innovation (MI) […]

PFC signs MoU worth ₹ 2.37 Lakh Crore with 20 Companies in Clean Energy Space

As part of its plan to position itself as the focal funding agency for energy transition, the Power Finance Corporation Ltd (PFC), executed various Memoranda of Understanding (MoU) of more than ₹ 2.37 Lakh Crore with 20 companies both in public and private sector. These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery […]

Avaada Group announces MoU with REC for funding its energy transition projects

Avaada Group, a vanguard of India’s renewable energy sector, is pleased to announce a formidable partnership with the Rural Electrification Corporation (REC), concretized through a Memorandum of Understanding (MoU). This agreement ushers in a massive surge of support for Avaada’s diverse energy transition ventures, with the total investment reaching an impressive $2.44 billion (INR 20,000 […]

Airports are transitioning to 100 % green energy, with 55 airports currently operating on 100% green energy

To meet the growing air traffic demands, AAI and other Airport Operators have targeted capital outlay of approximately Rs. 98,000 crore in the airport sector during 2019-2024 for construction of Greenfield Airports and new terminals, expansion and modernisation of existing terminals and strengthening of runways, among other activities. The Ministry of Civil Aviation (MoCA) is […]

Mutual funds can launch 6 new categories under ESG scheme : SEBI

SEBI allowed mutual funds to introduce six new categories under ESG (environmental, social and governance) scheme and put in place a disclosure framework for them. The new categories are — exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. Sebi has mandated ESG schemes to invest at least 65 percent of assets under […]

India Energy Security Scenarios (IESS) 2047 facilitates assessment of Country’s Green Energy Transition Journey

A Revamped India Energy Security Scenarios (IESS) 2047 (IESS 2047 V3.0) to assess the integrated impact of various green energy policies of Government of India was released by NITI Aayog today. An open-source tool, IESS incorporates several policies related to alternative energy resources like Green Hydrogen, Energy Storage, Renewable Purchase Obligations, PM-KUSUM, offshore wind strategy, […]

NITI Aayog released the India Climate Energy Dashboard (ICED)

The ICED is the country’s one-stop platform for near real-time data on the energy sector, climate, and related economic datasets based on government published sources.Developed as a user-friendly platform, ICED 3.0 enables users to freely access and analyse datasets using an analytical engine. It will facilitate insights and enhance understanding about the energy and climate […]

Indo-Japan bilateral held for cooperation in the steel sector and decarbonisation issues

Union Minister of Steel Sh. Jyotiraditya M. Scindia and Minister of Economy, Trade and Industry of Japan Mr. NISHIMURA Yasutoshi held a bi-lateral meeting in New Delhi today to discuss the cooperation in the steel sector and decarbonisation issues. Both the sides stressed on the importance of pursuing a policy approach that takes into account […]

Green road freight cluster to help reduce gas emissions in India: WEF

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 Markets, […]

UP govt launches portal for processing EV subsidy claims

To promote electric vehicles in the state, the Uttar Pradesh government on Wednesday launched a subsidy portal which will allow customers who bought e-vehicles after October 14, 2022, to claim financial support, officials said here.For availing of the subsidy people have to apply on upevsubsidy.in portal. Once the application is submitted, the subsidy amount will […]

JBM Auto to launch more electric buses in Western Ghats

JBM Auto on Wednesday said it plans to launch additional electric buses in ecologically sensitive Western Ghats, including Goa. The company, which has bagged orders for 5,000 electric buses countrywide, said it is considering deploying an end-to-end e-mobility ecosystem across India by devising and manufacturing products in the country.“Our plans to launch electric buses in […]

GAIL, LanzaTech join hands to explore bio-recycling carbon waste into fuels and chemicals

GAIL (India) Ltd, the country’s largest gas distributor, and LanzaTech Global, an innovative carbon capture and utilization company that converts waste carbon into products that people use in their daily lives, have entered a partnership to explore innovative technology solutions that advance GAIL’s net zero 2040 goals and have the potential to support wider decarbonization […]

G20: 4th Energy Transitions Working Group meeting begins in Goa

Nearly 100 delegates from G20 member countries, special invitees and several international organisations are participating in the fourth Energy Transitions Working Group (ETWG) meeting which began in Goa on Wednesday.There are six priority areas outlined under India’s G20 Presidency, reflecting India’s focus on various aspects of energy transition and building global cooperation toward sustainable and […]

Tata JLR expected to unveil plans for electric car battery plant in UK

Tata Motors-owned Jaguar Land Rover (JLR) is set to announce plans to build a flagship electric car battery plant in the UK, according to UK media reports on 18 July.The BBC reported that people familiar with the matter said the new plant in Somerset, south west England, would be officially announced on Wednesday. Its sources […]

India-USA Strategic Clean Energy Partnership Ministerial Joint Statement

Ministerial meeting of the U.S.-India Strategic Clean Energy Partnership (SCEP) was held between Indian Minister of Petroleum and Natural Gas, HE Hardeep S. Puri and U.S. Energy Secretary HE Jennifer Granholm in New Delhi. During the meeting, the sides noted the growing importance of bilateral energy cooperation between the countries while underscoring the critical importance […]

PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty

Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on 18 July said the regulator will allow pension funds to invest in sovereign green bonds. The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme.Last financial year, the […]

Decarbonization is our priority with 20% blending of ethanol in MS by 2025 – Shri Pankaj Jain, Secy MoPNG

The International Energy Agency (IEA) in collaboration with Petroleum Planning and Analysis Cell (PPAC) under the aegis of MoP&NG launched the Oil 2023 medium-term market report, titled: IEA Oil 2023 – Supply and demand dynamics to 2028, in Delhi today at an event that saw participation from the captains from the Indian oil and gas […]

Union Minister for Power and New & Renewable Energy Reviews Implementation of Inter State Electricity Transmission System in the Country

Referring to India’s commitment to achieve the target of having 50% of installed electricity generation capacity from non-fossil sources by the year 2030, the Power Minister emphasized that development of associated transmission infrastructure is key to achieving this.  By 2030, the country’s installed power capacity is likely to grow to over 777 GW and the […]

Green Hydrogen Innovation Centre and Global Biofuel Alliance to be Launched

The 4th Energy Transitions Working Group Meeting under India’s G20 Presidency will be held in Goa during July 19 – 20, 2023. This will be followed by the G20 Energy Ministerial meeting on July 22, 2023, which would be held under the chairpersonship of Union Minister for Power and New and Renewable Energy, Shri R. […]

European Investment Bank keen to extend 1-bn euro finance for green hydrogen, RE projects in India

Luxembourg-based European Investment Bank (EIB) on Thursday said it is keen to extend finance of 1 billion euros for the development of green hydrogen and renewable energy projects in India. In this regard, EIB Vice-President Kris Peeters will make a four-day business visit to India this week to strengthen cooperation with the Indian public and […]

Credible Announces Strategic Partnership with Ajanta Pharma for Enhanced ESG & BRSR Reporting Solutions

Credible, a San Francisco-headquartered, AI-powered ESG Company has onboarded Ajanta Pharma Ltd, a leading global pharmaceutical company to improve its ESG reporting and achieve sustainability goals. Credible and Ajanta Pharma will collaborate through this partnership to enhance its ESG data management and reporting capabilities for sustainability and BRSR Frameworks. This collaboration aims to improve Ajanta […]

Adani Transmission Wins Golden Peacock Environment Management Award 2023

Adani Transmission Limited (ATL), the largest private sector transmission and distribution company listed in India and part of the globally diversified Adani portfolio, has won the ‘Golden Peacock Environment Management Award (GPEMA)’ in the ‘Power Transmission’ sector from ‘Institute of Directors (IOD)’ The ‘Golden Peacock Environment Management Award’ acknowledges ATL’s steadfast dedication to minimizing its […]

Tata Steel Joins UN initiative ‘LeadIT’ to Drive Net-Zero Emissions in Heavy Industry

Tata Steel has joined hands with Leadership Group for Industry Transition (LeadIT) and will be collaborating with countries and companies striving for 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.Tata Steel […]

Sebi puts in place regulatory framework for value chain ESG disclosures for listed entities

SEBI on 12 July came out with a regulatory framework for listed entities on ESG disclosures on supply chain and assurance. ESG refers to Environment, Social and Governance.In a bid to address the need for ESG disclosure assurance, Sebi has introduced BRSR Core, a sub-set of the BRSR (Business Responsibility and Sustainability Report), comprising nine […]

International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative sign MoU to cooperate on Sustainable Finance

The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding (MoU) for mutual assistance and cooperation to increase mobilisation of global sustainable capital flows into India. IFSCA has taken significant steps in accelerating global sustainable capital flows by creating a conducive regulatory environment, based on […]

Coal India Ltd Plans to Develop Solar Power Projects of 600 MW

South Eastern Coalfields Ltd (SECL), one of the largest coal-producing subsidiaries of Coal India Ltd, will be developing rooftop and ground mounted solar power projects of 600 MW capacity in the coming years as part of the company’s strategy to expand and diversify its business and achieve the “Net Zero Energy” goal. The strategy is […]

IFRS to Take Over Responsibilities of the TCFD from 2024

Following the publication of the inaugural ISSB Standards—IFRS S1 and IFRS S2—the Financial Stability Board has asked the IFRS Foundation to take over the monitoring of the progress on companies’ climate-related disclosures from the Task Force on Climate-related Financial Disclosures (TCFD).IFRS S1 and IFRS S2 fully incorporate the recommendations of the TCFD. As such, the […]

L&T concludes transition of USD 150 million loan with Bank of America into a Sustainability Linked Loan (SLL)

Larsen & Toubro Limited (“L&T”) has successfully completed the transition of a USD 150 million term loan with Bank of America to a Sustainability Linked Loan (“SLL”), on 30th June 2023. This SLL reiterates L&T’s continued commitment to its Environmental, Social and Governance (“ESG”) goals.The facility incorporates interest rate adjustments linked to the achievement of […]

India is Betting Big on Green Hydrogen: New & Renewable Energy Secretary, at ICGH-2023 Press Conference

A press conference was held on the sidelines of the three-day International Conference on Green Hydrogen (ICGH-2023) to highlight India’s significant investment in green hydrogen and its transformative impact on the country’s energy landscape. Shri Bhupinder S Bhalla, Secretary of the Union Ministry of New and Renewable Energy, emphasized the conference’s comprehensive coverage of the […]

IndianOil & Praj to form JV for building Biofuels production capacities in India

In a significant development, Indian Oil Corporation Limited (IndianOil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others. Earlier in October 2021, both the Companies […]

Sebi notifies regulations for ESG rating providers

Markets watchdog Sebi has notified the regulations for ESG rating providers.The regulations also come in the backdrop of increasing interest of stakeholders, including investors and financial regulators, in examining Environmental, Social and Governance (ESG)-related issues. Till now, the activities of ESG rating providers were not subject to regulatory or supervisory norms.Now, the Securities and Exchange […]

India proposes 5 per cent zero carbon marine fuel mix by 2030, cautions against setting any unrealistic targets

 India on Monday asked the International Maritime Organisation (IMO) to focus on a realistic target to ensure that net zero carbon fuels occupy 5 per cent of the Marine fuel mix by 2030, without any additional checkpoints during this explorative and take-off period. During the plenary of the 80th session of the Maritime Environmental Protection […]

Indian Oil to convert 50 per cent of its refineries’ hydrogen use to green by 2050

Indian Oil Corporation (IOC), India’s largest fuel retailer, plans to green 50 per cent of its refinery hydrogen by 2030, according to S S V Ramakumar, director – R&D. “We have a firm plan that 50 per cent of our total hydrogen, that is to be consumed by our refiners by 2030, should be converted from gray to […]

Aavas Financiers Celebrates 100 EDGE Certified, Self-Built Green Homes

Aavas Financiers, recently announced that the company has successfully accomplished financing of 100 EDGE certified self-built green homes in India. This is another milestone in their vision to inculcate sustainability into building affordable homes in rural and semi-urban regions of India. Innovating together with International Finance Corporation (IFC), a member of the World Bank Group, the pilot project paves […]

Cipla tops BW India’s Most Sustainable Companies Rankings for 2022-23

Cipla Limited announced that it has been ranked 1st in the Pharmaceuticals & Healthcare Sector and 5th in the Top 50 Most Sustainable Companies at the 3rd edition of BW India’s Most Sustainable Companies Awards 2022- 23. This recognition acknowledges Cipla’s efforts in the areas of Environment Social and Governance, encompassing all three pillars of […]

World Bank approves $1.5 billion financing for India’s low carbon energy sector

The World Bank said on 30 June, it has approved $1.5 billion in financing to accelerate the development of India’s low carbon energy sector.The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said in a statement. The First Low-Carbon […]

Centre approves formation of India’s first domestic regulated carbon market

The union government, through a gazette notification on 30th June, approved the formation of India’s first domestic regulated carbon market.The ‘Carbon Credit Trading Scheme, 2023’ first announced under the Energy Conservation Act, aims to set up a carbon credit trading market in the country.Drafted by the Bureau of Energy Efficiency, a wholly owned subsidiary of the […]

TVS Motor Company Strengthens Its Electrification Journey; Announces Association With Zomato To Accelerate Last Mile Green Deliveries

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally, today announced a strategic association with the food ordering and delivery platform, Zomato. This association is in line with TVS Motor’s commitment towards its green and sustainable mobility solutions. It further strengthens the company’s electrification journey across diverse mobility segments and aligns with Zomato’s […]

Govt plans Rs 17,000 cr incentive scheme for electrolyzers, green hydrogen production: MNRE Secy Bhalla

The government has planned over Rs 17,000 crore in incentives to promote the manufacturing of electrolyzers and green hydrogen in the country, MNRE Secretary Bhupinder Singh Bhalla said on 28 June.The draft of the incentive scheme for electrolyzer manufacturing and a part of the incentive scheme for the production of green hydrogen have been finalized […]

Government comes out with draft rules of Green Credit programme

According to a notification issued by the Environment Ministry, the Green Credit programme encourages private sector industries and companies as well as other entities to meet their existing obligations, stemming from other legal frameworks, by taking actions which are able to converge with activities relevant for generating or buying Green Credits.

India ranked 67th on Energy Transition Index, Sweden on top: WEF

The World Economic Forum on Wednesday ranked India at the 67th place globally on its Energy Transition Index and said it is the only major economy with energy transition momentum accelerating across all dimensions. Sweden topped the list and was followed by Denmark, Norway, Finland and Switzerland in the top five on the list of […]

L&T Technology Services and Thales sign joint commitment to take action for a low-carbon future

During the 2023 Paris Air Show, L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company (LTTS), signed a letter of intent with Thales, a global technology leader in the areas of defence and security, aeronautics and space, and digital identity and security, agreeing to work together to tackle climate […]

World Bank Approves $200 Million to Increase Renewable Energy Penetration in Himachal Pradesh

The World Bank’s Board of Executive Directors today approved a loan of $200 million to the Government of Himachal Pradesh to facilitate power sector reforms in the state and increase the share of renewable energy (RE) in the state’s electricity generation. This will contribute to the state’s overall aim of adding 10,000 megawatts (10 gigawatts) […]

ISSB issues inaugural global sustainability disclosure standards

The International Sustainability Standards Board (ISSB) has today issued its inaugural standards—IFRS S1 and IFRS S2 —ushering in a new era of sustainability-related disclosures in capital markets worldwide. The Standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions. IFRS S1 provides a set of disclosure requirements designed to […]

Power ministry establishes UTPRERAK, a Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies in Indian Industry

The Ministry of Power, Government of India has set up a dedicated Centre of Excellence to accelerate industry adoption of clean technologies and thus scale up India’s contribution to the global energy transition. Named UTPRERAK, short for Unnat Takniki Pradarshan Kendra, the Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies seeks to play […]

NHPC signs MoU with GRIDCO Odisha, for developing 2 GW Pumped Storage Projects and 1 GW Solar Energy Projects in Odisha

NHPC Limited, the largest hydropower development organization in India, has signed a Memorandum of Understanding with GRIDCO Odisha, Government of Odisha, for “Development of Pumped Storage Projects (PSPs) and Renewable Energy in the State of Odisha”. The MoU envisages setting up Self-identified Pumped Storage Projects of at least 2,000 MW and Renewable Energy Projects (Ground-Mounted […]

Infosys ESG Report 2022-23 HIGHLIGHTS: Carbon-neutral organization for 4 consecutive years

Infosys has released its ESG Report 2022-23, encapsulating the progress made since articulating its ESG Vision 2030. The report provides information on the development around Infosys’ ESG commitments and delves into the measurable impact that the company has been making by building an ecosystem of opportunities for people, businesses, and communities to thrive and grow […]

Indian Railways signed MoU with USAID/India for collaboration on Renewable energy and Energy Efficiency

Indian Railways (IR) is proactively working towards the achievement of Net Zero Carbon Emission by 2030. IR has strategized multipronged approach. As part of its commitment to reduce carbon footprints, Indian Railways is taking several initiatives. In line with this, a Memorandum of Understanding (MoU) was signed between Indian Railways, Government of India and United […]

Punjab announces Rs 300-crore incentive to promote use of electric vehicles

Punjab’s transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution. These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles.

Grasim recognized as ET Sustainable Organisation 2023

A part of India’s largest media conglomerate, The Economic Times has been focusing on the challenges and opportunities for India Inc on various aspects of overall economic landscape of the country, including sustainability. The Economic Times Sustainable Organisations 2023 is an endeavor to recognize and honor companies who have demonstrated outstanding services and performance in the market. For 2023, Grasim […]

UltraTech ranked No. 1 cement company for sustainability in 2023

UltraTech Cement Limited, India’s largest cement and ready-mix concrete company, has been ranked No.1 in Sustainability in the Infrastructure and Engineering sector in Sustain Labs Paris and BW Businessworld’s India’s Most Sustainable Companies list for the 2022-2023.UltraTech has seen an improvement in its overall position in the India’s Most Sustainable Companies ranking. From being ranked […]

Need to have another PLI scheme for grid scale storage, to augment capacity and have round-the-clock renewable energy: Union Power and New & Renewable Energy Minister R. K. Singh

The Union Minister for Power and New & Renewable Energy R. K. Singh shared with the business and investor community the story of India’s progress in the energy sector and its vision for the road ahead. Addressing “The Economic Times” Energy Leadership Summit & Awards event in New Delhi today, June 20, 2023, the Minister […]

Tata Power to double its Capex this financial year to Rs 12,000 cr; well positioned to lead green energy transition: Chairman N. Chandrasekaran at 104th AGM

Tata Power has invested heavily in renewable energy projects. The Company has an open order book of >4GW of large utility scale projects, amounting to more than Rs 17,000 Cr. It is planning to expand to 25,000+ EV charging points over the next 5 years and plans to reach 40 million+ consumers over the next […]

NTPC Barauni secures First Rank at 4th National Water Awards, in Best Industry Category

NTPC Barauni has achieved a significant milestone by securing the first rank in the Best Industry Category at the 4th National Water Awards. The recognition given by the Ministry of Jal Shakti, Government of India highlights NTPC’s unwavering commitment and exceptional efforts in the conservation and management of water resources. NTPC’s pursuit of sustainable practices and […]

Tata Motors evinces interest in green technology project in Jharkhand

Tata Motors has evinced interest in the expansion of new green technology project in Jharkhand including manufacturing of hydrogen engine-powered vehicles and electric vehicles. Senior officials of Tata Motors, Tata Steel and Tata Cummins held a meeting with Jharkhand Chief Minister Hemant Soren and senior officials to discuss the possibilities of investment in the expansion […]

DLF limited and ITC limited are leading in the LEED Zero green certification initiative.

India ranks first globally in LEED Zero certified green building projects surpassing the US and China, according to USGBC and GBCI. LEED Zero recognises projects that have reached net zero or net positive status in the categories of carbon, energy, water, or waste. In India, realty firm DLF and FMCG player ITC are leading in […]

Adani Green Ranked First In Asia And Among Top 10 RE Companies Globally For ESG Performance

Adani Green Energy Limited (AGEL), India’s largest renewable power producer and the renewable energy arm of the diversified Adani portfolio, has been ranked First in Asia and among the top 10 companies globally in the renewable energy sector by ISS ESG. AGEL has been placed in the ‘Prime’ (B+) band, recognizing its robust ESG disclosure […]

The SBTi launches three draft financial sector resources for public consultation

The Science Based Targets initiative (SBTi), the standard-setter and validation body for ambitious corporate climate action, has released three new draft resources for the financial sector for public consultation. The open, transparent and multi-stakeholder public consultation will last 60 days between June 15 and August 14, 2023. The three consultation drafts are on the following : […]

SaltX enters cooperation agreement with a leading Indian cement producer, Dalmia (Cement) Bharat Limited

In successful pilot tests during 2022, SaltX Technology demonstrated that its innovation, EAC (Electric Arc Calciner), can produce quicklime and cement through an electric process. Following the successful test results, SaltX partnered with SMA Mineral to electrify the quicklime production. Now, the company is entering the cement market by collaborating with a leading Indian cement […]

FICCI and HUL partner to establish ‘Centre for Sustainability Leadership’

The Federation of Indian Chambers of Commerce & Industry (FICCI) today announced setting up of the ‘Centre for Sustainability Leadership’ with Hindustan Unilever Limited (HUL) as its Founding Member. The ambition of the Centre is to help accelerate India Inc.’s climate action in line with Government’s net-zero commitments embodied in the ‘Panchamrit’ framework. The Centre […]

Tata Steel Limited signs a MoU with Germany’s SMS group to collaborate on decarbonisation technology

Tata Steel Limited and Germany’s SMS group have signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation of steel making process. As part of the MoU, the companies shall undertake further technical discussions and initiate actions for conducting Joint Industrial Demonstration of the EASyMelt technology, developed by SMS group. The demonstration will be executed […]

CPGC and BASF accelerate onboard CO2 capture system development

CSSC Power (Group) Co., Ltd. (CPGC) and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture (CO2 capture) system for commercial maritime applications. CPGC has always been committed to providing green, low carbon solutions for the shipping industry.The cooperation aims to address the challenges of energy efficiency improvement and emission reduction in […]

Wipro Ranked #2 in The Financial Times Climate Leaders Asia-Pacific 2023 Report

Wipro Limited, a leading technology services and consulting company, has been ranked in second place overall in The Financial Times’ “Climate Leaders Asia-Pacific 2023” list. The company was also ranked #1 under the ‘Business & Professional Services’ sector. The recognition underscores Wipro’s commitment to reducing its carbon impacts and its ongoing efforts to increase transparency in […]

EV makers body petitions NGT for green tax on fuel-based 2-wheelers

Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government’s move to cut FAME II subsidy and support a ‘Green Tax’ on fuel-based two-wheelers.The Ministry of Heavy Industries’ latest decision to cut down FAME II subsidies is likely to disrupt India’s growth in […]

JSW Cement signs Sustainability Linked LoanAgreement of US$ 50 million with BNP Paribas

JSW Cement, part of the $22 billion JSW Group, has signed a Sustainability Linked Loan agreement to raise $50 million (about ₹414 crore) from BNP Paribas Singapore. In all, the company has raised ₹800 crore in SLL-based green capital funding in two tranches. The first SLL was raised ₹400 crore through MUFG Bank in October 2022. […]

Bharat Petroleum Corporation Limited invests in bioethanol

Bharat Petroleum Corporation Limited  sets up a ethanol bio-refinery plant in Odisha’s Bargarh district will give momentum to green growth and sustainable development. After inspecting the ethanol plant site, Pradhan, the Union Education and Skill Development minister said the plant will provide employment opportunities to the youth of the region.The plant will produce ethanol from […]

HSBC India partners with Tata Motors to promote mass adoption of Electric Vehicles

HSBC India announced that it has partnered with Tata Motors, India’s leading automobile manufacturer and the pioneer of EV revolution in the country, for a corporate employee financing solution to accelerate the adoption of zero emission Electric Vehicles. This partnership is in line with the shared vision of the two conscientious organizations to promote sustainability […]

HPCL Undertakes Successful Pilot Study on E27 Fuel and Ethanol Blended Diesel Fuel

Hindustan Petroleum Corporation Limited (HPCL) has successful launched  groundbreaking pilot study on vehicles using E27 fuel and Ethanol Blended Diesel Fuel. Under the aegis of MoP&NG, HPCL has become the first Oil Marketing Company in India to initiate such a comprehensive research program, in line with the “Roadmap for Ethanol Blending in India by 2025,” […]

SECI to supply 600 MW Wind Power to GRIDCO Odisha under Power Sale Agreement

Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India has signed a Power Sale Agreement (PSA) with GRIDCO Odisha, Government of Odisha under which GRIDCO Odisha will purchase 600 MW of wind power from SECI under Tranche – XIII of ISTS (Inter State Transmission System) Connected Wind Power Projects Scheme. Under […]

NHDC to invest Rs 4,200 cr to develop 525-MW pumped storage hydro power project in MP

Narmada Hydroelectric Development Corporation will set up a 525 megawatt (MW) pumped storage project at Khandwa in Madhya Pradesh at an estimated cost of Rs 4,200 crore. NHDC Ltd is a joint venture of NHPC Ltd and the government of Madhya Pradesh, the Union power ministry said in a statement on 9th June.”NHDC Ltd is […]

Tata Power Renewable Energy arm to set up 966 MW project for Tata Steel

Tata Power Renewable Energy Limited through its subsidiary TP Vardhaman Surya Limited received Letter of Award ‘LOA’ to set up 966 MW RTC (Round-theclock) hybrid renewable power for Tata Steel. This is one of the biggest industrial RTC power PPAs under Group Captive segment in the country. The project has the hybrid renewable capacity of […]

Speeding up Hydro Power: Central Electricity Authority Fast-tracks Approval Mechanism for Pumped Storage Projects

The government has taken various steps recently in order to ensure that Pumped Storage Projects (PSPs) get commissioned on a fast track, thereby accelerating the growth of India’s renewable energy capacity. To cite a recent example, the Central Electricity Authority (CEA) has accorded concurrence to Upper Sileru Pumped Storage Project (PSP) of 1350 MW being […]

National Mission MAHIR launched to leverage Emerging Technologies in Power Sector

The Ministry of Power and the Ministry of New and Renewable Energy have jointly launched a National Mission to quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India. The National Mission, titled “Mission on Advanced and High-Impact Research (MAHIR)” aims to facilitate indigenous research, […]

NHPC inks MoU with Department of Energy, Govt. of Maharashtra for Pumped Storage Schemes and Other Renewable Energy Source Projects

A Memorandum of Understanding has been signed between NHPC Limited and Department of Energy, Government of Maharashtra for the development of Pumped Storage schemes and other Renewable Energy Source projects in the state of Maharashtra. The MoU entails harnessing the Pump Storage Projects as Energy Storage Solutions to help achieve the national objective of Energy Transition, i.e., […]

Jindal Steel & Power Joins ResponsibleSteel

Jindal Steel & Power has become the latest steelmaker to join ResponsibleSteel, demonstrating their commitment to our mission to be a driving force in the socially and environmentally responsible production of net-zero steel, globally.ResponsibleSteel CEO, Annie Heaton commented, “We’re delighted to welcome Jindal Steel & Power to ResponsibleSteel. This is yet another prime example of the […]

International body verifies Vedanta Aluminium products as environmentally sustainable

On the occasion of World Environment Day, Vedanta Aluminium, the largest aluminium producer in India, has announced receiving the Environmental Product Declaration (EPD) International verification for its range of products, among the largest in the global aluminium industry. Undergoing a rigorous Life Cycle Assessment (LCA), Vedanta’s primary aluminium products performed well on the parameters of […]

Suzlon becomes first Indian wind energy company to reach 20 GW of worldwide Wind Energy installations.

Suzlon Group, India’s largest renewable energy solutions provider, today announced that it has crossed the 20GW wind energy installations milestone through 12,647 wind turbines installed across 17 countries spanning six continents solidifying Suzlon’s position as a significant player in the global wind energy landscape.Suzlon enjoys 33% of India’s cumulative wind energy installations. Suzlon’s 20 GW […]

Maruti Suzuki steps up efforts towards harnessing renewable energy: Groundbreaking of two new solar power plants at Maruti Suzuki facilities

Accelerating efforts on the environment front and strengthening its commitment to carbon neutrality, Maruti Suzuki India Limited announced groundbreaking of two new solar power plants at its facilities. These two solar power plants, namely 1.85 MWp at R&D Centre, Rohtak and 20 MWp at Manesar will be commissioned in FY 2023-24 and FY 2024-25 respectively. […]

IndusInd Bank’s PIONEER branches recognized for sustainability by USGBC’s LEED certification

IndusInd Bank announced that all thirteen of its PIONEER branches have been officially recognized by the United States Green Building Council (USGBC) through their LEED (Leadership in Energy and Environmental Design) certification program. The nine Platinum-certified branches are located in Mumbai, Chennai, Delhi, Bangalore and Pune, while the four Gold-certified branches are situated in Gurgaon, […]

Realtors’ body CREDAI says its members undertake 55 green projects as per IGBC norms

Realtors’ apex body CREDAI on 5th June said its members have undertaken development of more than 55 green projects across the country as per the norms of Indian Green Building Council (IGBC) and sought loans at concessional interest rates to promote such projects. In April, Confederation of Real Estate Developers Association of India (CREDAI) entered […]

TCS positioned as Leader in IDC MarketScape for ESG/Sustainability Strategy Consulting Services

Tata Consultancy Services has been positioned as a Leader in the IDC MarketScape for Worldwide ESG / Sustainability Strategy Consulting Services. TCS offers a comprehensive suite of over 200 sustainability services and solutions addressing the environmental, social and governance (ESG) priorities across different industry verticals. On the environmental front, TCS’ solutions help enterprises decarbonize their […]

Secretary, Heavy Industries, GoI to address ‘FICCI Roundtable on Electric Mobility’ on 6th June 2023

FICCI is organising a Roundtable on Electric Mobility on 6th June in New Delhi which will be addressed by Mr Kamran Rizvi, Secretary, Ministry of Heavy Industries, Govt of India. Over 150 industry delegates including CEOs, CTOs, CXOs representing 2W, 3W, 4W, commercial vehicles, battery, battery raw materials, charging infrastructure and financiers segments of EV […]

Inspection of ‘State-of-Art’ vehicle scrapping facility of Mahindra MSTC Recycling Pvt. Ltd. (MMRPL) conducted by Secretary, Ministry of Steel & CMD, MSTC Limited

Shri N.N Sinha, Secretary, Ministry of Steel accompanied with Shri SK Gupta CMD, MSTC Limited, conducted an inspection of the ‘State-of-Art’ vehicle scrapping facility of Mahindra MSTC Recycling Pvt. Ltd. (MMRPL) at Greater Noida on 3rd June 2023. MMRPL officials showcased processes and machinery required for scrapping of End of Life Vehicle (ELVs) in an […]

MoP&NG launches OALP Bid Round-VIII, accelerates exploration and production (E&P) activities

With Government of India’s focus to accelerate E&P activities across the Country, MoP&NG  recently launched Open Acreage Licensing Programme (OALP) Bid Round-VIII, offering 10 blocks, for International Competitive Bidding. For ensuring ease to bidders, the bids can now be submitted through a dedicated online e-bidding portal till 12:00 hours, by July 5, 2023. Award of […]

State-owned coal firms taking various measures to make mining sustainable: Minister Pralhad Joshi

From planting saplings to development of eco-parks, state-owned coal companies are taking various measures to reclaim abandoned mines, infusing multi-core investments, coal and mines minister Pralhad Joshi said. Other initiatives of the ministry include adoption of modern technologies like gasification of coal, installation of renewable energy projects, conservation of water bodies etc, the minister told […]

Dabur becomes first Indian ‘Plastic Waste Positive’ FMCG Company

India’s largest Science-based Ayurveda major Dabur India Ltd has now become a ‘Plastic Waste Positive company’ in India, having collected, processed and recycled 35,000 MT of post-consumer plastic waste from all over India in the 2022-23 financial year. The announcement of this major achievement was made on the occasion of World Environment Day. Alongside, Dabur […]

SJVN GETS LETTER OF INTENT FROM GUVNL FOR 100 MW WIND PROJECT

SJVN has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited for 100 MW Grid Connected Wind Power Project in Gujarat. SJVN Green Energy Limited (a wholly owned subsidiary of SJVN) has bagged the 100 MW Wind Project at a tariff of Rs. 3.17 per unit in an Open Competitive Tariff bidding process in […]

NTPC Green Energy Forms Joint Venture “INDIANOIL NTPC GREEN ENERGY” for Renewable Power Projects

Indian Oil Corporation Limited has incorporated the Joint Venture Company with NTPC Green Energy Limited, (a wholly owned subsidiary of NTPC Limited) named IndianOil NTPC Green Energy Private Limited on 02.06.2023. IndianQil NTPC Green Energy Private Limited will develop Renewable Energy based power projects (viz. Solar PV, Wind, any other RE, Energy Storage or any […]

India’s Tata Group signs $1.6 billion EV battery plant deal

MoU between the Government of Gujarat and the Tata Group under the New Electronics Policy made under the guidance of Chief Minister Shri Bhupendra Patel Gujarat’s remarkable progress in achieving Prime Minister Narendra Modi’s vision of net zero carbon emissions includes a commitment to 100 percent electric vehicle adoption and a significant reduction of 50 […]

Mphasis pledges to be Carbon neutral by 2030

Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a pledge to eliminate CO2e emissions from its facilities and operations to become carbon neutral by 2030. Mphasis believes carbon neutrality is an important driver of value creation and will aim to achieve its goal by implementing a well-defined energy […]

Ohmium and NTPC to Partner on Largest-Ever Deal for PEM Electrolyzers in India

Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM)electrolyzers, today announced that its India-based subsidiary has been selected as the PEM electrolyzer partner of NTPC Renewable Energy Limited (REL), the renewable energy subsidiary of NTPC, India’s largest power utility with more than 70 gigawatts (GW) installed […]

NTPC Green Energy Ltd. (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL)  to collaborate for development of Renewable Energy Power Parks and Projects

NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a Memorandum of Understanding (MoU) in Lucknow yesterday with an aim to collaborate in the development of Renewable Energy Parks and Projects and to facilitate in Government of India’s efforts towards energy transition. NGEL and UPRVUNL shall jointly work for formation […]

Glenmark Pharmaceuticals Ltd. becomes a part of the Science Based Targets Initiative, sets GHG emission targets for FY2035

Glenmark Pharmaceuticals Ltd. (Glenmark), an integrated, research‐led, global pharmaceutical company, reaffirms its commitment to sustainability by joining the esteemed Science Based Targets initiative (SBTi) business ambition for well below 2°C.   The SBTi’s has approved Glenmark’s commitment to reduce its absolute scope 1 and 2 GHG emissions by 35% (from a FY2021 base year) by FY2035. […]

Bharat Petroleum’s R & D Division Unveils Pioneering Innovations and Company’s Sustainability Agenda

BPCL, with its state-of-the-art facilities, major products, and strategic focus areas is contributing to its business growth through innovative, sustainable, and environmentally friendly technological solutions, establishing itself as a renowned research center attracting the brightest minds across the world. Aligned with Bharat Petroleum’s sustainability agenda and Net Zero Mission, BPCL R&D has undertaken initiatives like […]

Tata Steel Mining partners with Metron to reduce carbon footprint

Tata Steel Mining Limited (TSML) on Tuesday signed a Memorandum of Understanding (MoU) with French Cleantech company METRON, to design and implement an advanced energy management and optimisation platform for the company’s Ferro Alloys Plant located at Athagarh in Odisha’s Cuttack district. METRON is a leading provider of cloud-based energy management solutions. According to the […]

ONGC plans ₹1 lakh crore green push, targets net-zero by 2038

ONGC will become Net-Zero by 2038 and invest Rs 1 lakh crore by 2030 on energy transition projects to reduce carbon emissions, Chairman & CEO Arun Kumar Singh announced during an interaction with the journalists in Mumbai on 29 May 2023. The Energy Maharatna will prepare roadmaps for net zero emissions as part of the […]

BPCL’s R & D Center revolutionizes the fuel industry with breakthrough Innovations and Patents

BPCL Introduces Ethanol-Diesel Blend for Cleaner Emissions. The R&D division has filed 164 patents for cutting-edge innovations. Adopts Innovative Approach to Valorizing Bio-refinery Waste. BPCL Unveils Groundbreaking Technologies for rapid crude oil sourcing and Real-Time Refinery Monitoring and Optimization. BPCL R&D Develops High-Efficiency LPG Burner for Energy Conservation.

L&T ropes in green energy stalwarts to form green energy council

Larsen & Toubro (L&T), an Indian multinational engaged in Infrastructure, Hi-Tech Manufacturing and Services, announced the formation of L&T Green Energy Council, a think-tank comprising of eminent thought leaders, in a significant step towards building a global green energy business.The council will be responsible for identifying technology trends in green energy, analysing the evolving global […]

Power and New & Renewable Energy Minister R. K. Singh meets EU delegation, explores strengthening of cooperation under EU – India Clean Energy and Climate Partnership

The Union Power and New & Renewable Energy Minister R. K. Singh held a meeting with Frans Timmermans, Executive Vice President, European Green Deal, European Union in New Delhi on May 26, 2023. The meeting was held to discuss cooperation under the EU – India Clean Energy and Climate Partnership. The discussion touched upon energy […]

Gujarat aims to generate 100 GW renewable energy: CM Patel

Gujarat Chief Minister Bhupendra Patel on Saturday said his government has set a target to generate 100 GW of renewable energy under its green hydrogen mission.Speaking at the eighth NITI Aayog Governing Council Meeting, Patel said the state was committed to achieving green growth with renewable energy.“Gujarat’s renewable energy capacity has reached up to 20 […]

West Bengal to increase solar power capacity to 1,760 mw: Power Minister

The West Bengal government will increase its solar power generation capacity to 1,760 mw over the next few years, state Power Minister Aroop Biswas said on 26th May.Speaking at an event organised by the Indian Chamber of Commerce (ICC), Biswas said the current solar power generation capacity of the state is 135.58 mw.Over the next […]

Union Road Transport and Highways Minister Nitin Gadkari urges stakeholders to make alternative fuels like green hydrogen available to people at cost-effective rates

The Union Minister pointed out that alternative fuels like bio-CNG and green hydrogen not only help in reducing pollution, but also save a lot in fuel cost. India’s potential for green hydrogen is 5 million metric tonnes per year, he informed. He said that it is the responsibility of all the stakeholders to make these […]

Tata Power collaborates with Ranchi Airport Authority to install EV charging points

Tata Power, one of India’s largest and fastest-growing EV charging solution providers, has collaborated with the Ranchi Airport Authority (RAA) to install two public 30 Kw chargers at the Birsa Munda Airport, Ranchi. The partnership is aligned with Tata Power’s commitment to encourage EV adoption in India as well as the government’s National Electric Mobility […]

Punjab to come up with green hydrogen policy, says minister Aman Arora

The state government will soon come up with a green hydrogen policy to make Punjab a front-runner state in non-conventional energy production across the country, said new and renewable energy sources minister Aman Arora on Wednesday.“Concerted efforts are also being made to increase the share of renewable energy up to 30 per cent by 2030,” […]

Suzlon secures a major order of 300 MW from Torrent Power Limited, a Torrent Group Company

This is the fourth order from the Torrent Group to Suzlon. This is also the sixth and the largest order of the new Suzlon 3 MW series turbine so far. Suzlon will supply 100 wind turbines with a rated capacity of 3 MW each. The project will be completed in phases by 2025 in Karnataka. […]

Mahindra Logistics and LOGOS with its venture partner Ivanhoe Cambridge pave way for green logistics; transforms India’s largest warehousing facility of 1.4MN towards Net-Zero

Mahindra Logistics Limited (MLL) – country’s largest integrated logistics solutions providers along with LOGOS – leading Asia Pacific logistics specialist and Venture partner Ivanhoe Cambridge, transforms India’s largest warehousing facility, in a single park, towards net-zero. With this transformation in Luhari, MLL’s total renewable powered warehouses are now over 4MN sq. ft. in the country.

Decarbonising cement manufacturing: UltraTech’s path to net zero

UltraTech will be among the first industrial players in using Coolbrook’s revolutionary technology for decarbonisation of cement manufacturing process. The RDH technology uses electrification from renewable sources for the heating processes in cement production and removes the need to use fossil fuels, thus helping to accelerate the decarbonisation of cement manufacturing. This project is a […]

India’s Adani Group weighs $3 bln investment in Vietnam

India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on 24th May. Karan told Chinh Adani would soon work with Vietnamese partners and stakeholders on specific investment projects in the country, according to the statement, which […]

India and Australia Sign Agreements on Migration and Green Hydrogen Task Force

They welcomed the finalization of Terms of Reference of the India-Australia Hydrogen Task Force, which will advise on opportunities to accelerate manufacture and deployment of clean hydrogen, focusing on hydrogen electrolysers, fuel cells as well as supporting infrastructure and standards and regulations.

Himachal govt plans to encourage EV use; to become Green Energy State by March 2026

Himachal Pradesh government on Tuesday discussed plans to encourage the use of electric vehicles and has set a target to transform the state into a ‘Green Energy State’ by March 2026. During a review meeting in Dharamshala, Chief Minister Sukhvinder Singh Sukhu stressed the importance of identifying suitable locations for charging stations along the proposed […]

UP invites bids for solarization of 1000 Agricultural Pumps

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to install and commission grid-connected solar power systems for 1,000 agricultural pumps under Component C1 of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The successful bidder will have to operate and maintain the project for five years from the […]

Vedanta Aluminium collaborates with ERM India to bolster Biodiversity Management Plan

On International Day of Biological Diversity, Vedanta Aluminium, the largest aluminium producer in India, announced its collaboration with ERM India, a renowned environmental consulting firm, to enhance its Biodiversity Management Plan (BMP). The collaboration will aim to reinforce the implementation of biodiversity management practices across the operations of Vedanta Aluminium, marking a significant step towards […]

JSW Steel and JFE Steel reached a basic agreement to establish a grain-oriented electrical steel sheet (GOES) manufacturing joint venture company (JV) in India

JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. Jayant Acharya, Joint Managing Director & CEO, JSW Steel said, “The JV company would further strengthen JSW Steel’s position as India’s leading manufacturer of advanced steel products that lead […]

Ports & shipping ministry to give financial support for promoting green shipping

The Ministry of Ports, Shipping and Waterways (MoPSW) on 22nd May announced that it will provide 30 per cent financial support for the promotion of green shipping and a single-window portal will be developed to facilitate and monitor river and sea cruises. Ports, Shipping and Waterways Minister Sarbananda Sonowal made five major announcements, focusing on […]

Suzlon wins a 204 MW order from Serentica Renewables

Suzlon Group, India’s largest renewable energy solutions provider, today announced that it has bagged a significantly large order for its 3 MW series of wind turbines from Serentica Renewables – a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries. Suzlon will install 68 wind turbine generators (WTGs) with a Hybrid Lattice […]

Sustainable Aviation Fuel (SAF) using indigenous feedstock, Make in India technology is a major step towards self-reliance and de-carbonization of the aviation sector

Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs Shri Hardeep Singh Puri emphasised on the need of India becoming energy Atmanirbhar by 2047, in line with the clear mandate being set by the Hon’ble Prime Minister. “It goes without saying that the petroleum sector will have to contribute immensely to realize […]

EPL Limited Awarded a Gold Medal by EcoVadis for Sustainability

EPL Ltd., the world’s largest specialty packaging company headquartered in Mumbai has been awarded the “Gold Medal” in 2023 EcoVadis Sustainability assessment. EPL received a score of 70 overall out of 100, being placed in the 94th percentile and among the top 5% on sustainable practices among the 90,000 odd companies across 160 countries assessed by […]

NTPC Green Energy Ltd. (NGEL) and HPCL Mittal Energy Ltd. (HMEL) sign MoU; HMEL to source 250 MW Renewable Energy from NGEL

In order to realize green energy and green hydrogen objectives and the GOI’s efforts towards energy transition, NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) signed a Memorandum of Understanding (MoU) in New Delhi ON 19th May.  The MoU envisages to collaborate in the field of Renewable Energy through sourcing of 250 […]

Sona Comstar, Equipmake sign pact to bring new e-powertrains to cars, buses in India

Leading global automotive technology firm Sona BLW Precision Forgings (Sona Comstar) has signed a technology-licensing agreement with Equipmake, a UK-based technology company, that has developed high-performance electric powertrains. Sona Comstar will lead the business development and customer sales in India, Thailand and select South Asian countries, while Equipmake will lead the sales in the rest of the world, it […]

Sustainable Is Attainable Fest: Tata Power and News18 Join Forces for India’s Clean Energy Revolution

Leading integrated power company Tata Power is joining forces with News18 to take the Sustainable Is Attainable (SIA) movement to new heights with the SIA Fest in New Delhi on 17th May. The event will witness the presence of Union Ministers, top bureaucrats at the state level, Ambassadors, celebrities, and leaders from various fields. The […]

Inter-ministerial group looking at impact of EU’s carbon tax on India’s exports

An inter-ministerial group is looking into the European Union’s (EU) decision to impose a carbon tax on certain goods like steel and aluminium, as it would have some impact on India’s exports to that region, a senior government official said on Monday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that there are […]

NTPC to start feasibility study for 130-MW floating solar power plant in Tripura

The National Thermal Power Corporation (NTPC) Ltd will begin a feasibility study for a 130-MW floating solar power plant on Dumbur Lake in Tripura’s Gomati district, an official said on Monday.In the past five years, the northeastern state has increased solar power energy from 4.07 MW to 7.21 MW with the government trying hard to […]

MNRE announces major reforms in the Approved List of Models and Manufactures for Solar Photovoltaic Modules

The Ministry of New & Renewable Energy (MNRE) has come up with a number of reforms in its ALMM mechanism for Solar Photovoltaic Modules. The reforms are primarily aimed at reducing cost to solar PV manufactures, time between application to enlistment as well as compliance burden and increasing ease of doing business in the whole […]

Aavas Financiers and IFC Organise Green India Drive Seminar in Mumbai

Aavas Financiers Ltd. in association with International Finance Corporation (IFC) and EDGE Buildings recently organized an interactive seminar on ‘Leading to Greener Mumbai’ in Mumbai. The event provided a venue for a discussion about renewed commitment for green and sustainable structures to overcome the significant gap in the country’s affordable, environmentally friendly housing. hree-panel discussions centred around: […]

IRENA,in partnership with the Indian G20 Presidency, Launches Report for the G20 on Low-Cost Energy Transition Finance

IRENA,in partnership with the Indian G20 Presidency,launched a comprehensive report today on how low-cost finance can accelerate the energy transition. Titled “Low-Cost Energy Transition Finance”, and developed in close collaboration with India’s Ministry of New and Renewable Energy (MNRE), the report provides a toolbox to increase the availability of low-cost capital in G20 countries and […]

India’s Electricity Market Reforms to pave the way for a Greener Future: Shri R. K. Singh, Union Power & NRE Minister

The Group for “Development of Electricity Market in India” has proposed comprehensive solutions to address key issues, including the dominance of inflexible long-term contracts, harnessing the inherent diversity of a large and synchronous grid  and the need for Resource Adequacy planning in Centre and States, reduction in system inefficiencies through lesser reliance on self-scheduling, increasing […]

Coal Ministry to Organize Interactive Seminar in Mumbai on “Just Transition Roadmap” As side Event of  3rd ETWG Meeting under  G20 Presidency of India

The Ministry of Coal is to organize a seminar on the Just Transition Roadmap, in collaboration with Coal India Limited (CIL) under the G20 Presidency of India in Mumbai on 15th May 2023. To be organized  at the Jio World Convention Centre,  the seminar will be held as  side event of the 3rd ETWG meeting of […]

1st Ministerial meeting of India- EU Trade and Technology Council to take place in Brussels on 16th May 2023 and will prepare a roadmap for Green and Clean Energy Technologies

The first Ministerial meeting of India- European Union Trade and Technology Council (TTC) is taking place in Brussels, Belgium on 16th May 2023. Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal is one of the co-chairs along with External Affairs Minister (EAM) and Union Minister of State […]

MNRE to organise ‘Low-Cost Finance for New and Emerging Energy Technologies’ event on the sidelines of the G20 3rd Energy Transition Working Group

The Ministry of New and Renewable Energy (MNRE) will be conducting an event ‘Low-Cost Finance for New and Emerging Energy Technologies’ on the 15th of May 2023, on the side-lines of the 3rd Energy Transition Working Group (ETWG) meeting. The event being held at Jio World Convention Centre, Mumbai, Maharashtra, India, in partnership with the […]

Shri R. K. Singh exhorts industry leaders to set targets for going green

Union Power & NRE Minister Shri R. K. Singh chaired a meeting with Industry and other stakeholders in New Delhi on Green Energy Open Access Rules. The Meeting was held in hybrid mode.  Over 500 participants attended the meeting virtually and about 50 were present physically. The participants raised various problems faced by them with […]

Ambuja Cements places order for capacity expansion of 14 MMT Cement to be operated on Green Power

Ambuja Cements, the cement and building material company of diversified Adani Group, placed orders to expand Clinker capacity by 8 Million Tonnes at Bhatapara and Maratha units on highest ESG standards with 42 MW of WHRS, provision to utilize 50% AFR and provision to operate on green power. The capacity expansion projects will enable production […]

Coal Ministry Invites Proposals for Research & Development in Coal Sector

The ministry said in a statement the thrust areas for this work include advanced technology and methodology for improvement of production & productivity from underground mining and open cast Mining; improvement of safety, health and environment; and Waste to wealth.

TP Saurya Limited inks PPA with Tata Power Trading Company Limited to set up 200 MW solar project in Rajasthan

TP Saurya Limited (TPSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL) and is one of the country’s most significant renewable energy players, signed a Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL), to set up a 200MW (280MWp) solar project at Bikaner in Rajasthan. The plant will be commissioned by […]

Brainstorming meeting to evolve a comprehensive medium-term R&D roadmap and action plan for the Iron & Steel Sector for the next ten years for sustainable development

The meeting began with the discussions on the needs of the R&D initiatives which can be taken up on a common platform for the long term sustainable development of the Indian Steel Sector. Among the thrust areas identified for carrying out research were beneficiation of iron ore & agglomeration, beneficiation of coal, Carbon Capture & […]

ABB India expands production footprint of its energy efficient drives portfolio

ABB India expands its manufacturing footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. This factory will play a key role in enabling businesses and industries at large to adopt energy-efficient technologies and help achieve carbon-neutrality.

Ministry of Power and Ministry of Environment to develop Carbon Credit Trading Scheme for Decarbonisation

The Ministry of Power and Ministry of Environment will develop Carbon Credit Trading Scheme for Decarbonisation. Government plans to develop the Indian Carbon Market with the objective to decarbonize the Indian economy by pricing the Green House Gas emission through trading of Carbon Credit Certificates. The Bureau of Energy Efficiency, Ministry of Power, along with Environment […]

Reserve Bank of India in collaboration with the GFIN invites firms to participate in Greenwashing TechSprint

The Reserve Bank of India will be among 13 international regulators taking part in the Global Financial Innovation Network (GFIN)’s first ever Greenwashing TechSprint. The number of investment products marketed as ‘green’ or making wider sustainability claims is growing. Exaggerated, misleading or unsubstantiated claims about Environmental, Social and Governance (ESG) credentials damage confidence in these products […]

Govt yet to accept report that calls for ban on diesel vehicles in certain cities: Oil ministry

The government is yet to accept a report of the energy transition committee, The Green Shift that recommended banning the use of diesel-powered four-wheelers in cities with over 10 lakh population and switch to electric and gas-fuelled vehicles by 2027, the oil ministry said. The report of the committee headed by former oil secretary Tarun […]

Ministry of Ports, Shipping & Waterways Launches ‘Harit Sagar’ Green Port Guidelines 2023

To meet the larger vision of achieving Zero Carbon Emission Goal, Ministry of Ports, Shipping & Waterways has launched ‘Harit Sagar’ the Green Port Guidelines. Harit Sagar Guidelines – 2023 envisages ecosystem dynamics in port development, operation and maintenance while aligning with ’Working with Nature’ concept and minimizing impact on biotic components of harbor ecosystem. […]

Punjab State Energy Action Plan Launched To Achieve Net Zero Goal

Amritsar will be developed as Solar City, Mr A Venu Prasad said while adding that the State Energy Action Plan will help to achieve the goals towards Net Zero in each sector i.e. Agriculture, Power, Renewable, CBG, Municipalities, Transport, Buildings and Industries. PEDA has also signed an MoU with GIZ’s IGEN Access to Energy programme […]

YES Bank launches solar financing programme to aid MSMEs

Under the private sector bank’s YES KIRAN programme, YES Bank will offer financial assistance to MSME manufacturers, who wish to install solar panels at their premises. he platform will process all the loan applications for solar projects sourced from across the country for installation by business entities such as commercial institutions, industries, resorts, hotels, manufacturing […]

STL progresses towards UN SDGs and net-zero ambition; gets global recognition for its efforts

At the beginning of 2022, STL announced its ambition to keep sustainability at the core of its manufacturing operations and is on its way to becoming a Net Zero company by 2030. STL’s ESG and CSR efforts were recognised in forums like Global Sustainability Award and Wastemet Award, Greentech Environment Award, Environment+Energy Leads Award etc.

Public hearings by the Kerala State Electricity Regulatory Commissionon power tariff revision to begin on 8th May

Alongside the petition for the general tariff revision, the commission will also consider a petition submitted by the Tata Consultancy Services (TCS) for the purchase of green energy from the KSEB. In an additional proposal placed before the commission, the KSEB has proposed ₹2.54 per unit as the green energy tariff for consumers who have […]

Kerala Infrastructure Investment Fund Board to raise Rs 1,000cr via green bonds

The Kerala Infrastructure Investment Fund Board (KIIFB), the state government’s special purpose vehicle (SPV) for executing core sector projects, is all set to raise Rs 1,000 crore this financial year through green bonds. KIIFB’s move follows the Union Budget 2022-23 announcement regarding the issue of sovereign green bonds in keeping with the ambition to significantly […]

TI Clean Mobility signs definitive agreements to raise further capital for EV biz

TI Clean Mobility, a subsidiary of Tube Investments of India Ltd, has signed definitive agreements to raise further capital of INR 675 crore through compulsory convertible preference shares, the company said on Saturday. TI Clean Mobility Pvt Ltd is engaged in manufacturing and marketing of electric three wheelers and through its subsidiaries into electric tractors and electric heavy commercial vehicles.

JSW Energy, SECI ink pact for 300 MW wind projects

JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totalling 300 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.94 per kilowatt (KWh), JSW Energy said in a statement on 5th May. The […]

India amends power policy draft to halt new coal-fired capacity

India plans to stop building new coal-fired power plants, apart from those already in the pipeline, by removing a key clause from the final draft of its National Electricity Policy (NEP), in a major boost to fight climate change, sources said. The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, […]

ACME, IGL sign MoU to jointly supply green hydrogen and set up infra

ACME Group, a diversified green energy firm, and Indraprastha Gas Ltd (IGL) recently signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of green hydrogen. According to the joint press release, the companies will work jointly to promote the adoption by the customers and create demand for green hydrogen in the […]

Govt to cite green levies in India for carbon tax relief

CBAM is expected to deal a blow to Indian steel and aluminium companies, which are exporting to the region. Besides, other countries such as the UK, the US and Canada are also contemplating similar measures. The government is looking to list out various green levies in the country to seek that the European Union offset […]

Evolving Real Estate Sector in India: Green Portfolios take a lead

As per the report findings, green-certified building stocks increased five-fold in 2022 compared to 2010. According to the listed developers’ resolution, the green real estate portfolio is projected to grow by about 25% by 2025-2030. The use of renewable resources in the RE sector is also bound to see an uptick as the substratum of […]

Railway Electrification: Paving the Way for a Sustainable Future 37,001 Route Kilometers (RKMs) electrified in the last nine years

Railway electrification offers a sustainable and efficient mode of transportation that is free from environmental pollution and dependency on fossil fuels. It is a remarkable feat that out of the total route kilometers electrified, nearly 50% was completed in the last five years alone. Indian Railways has set a target to become the world’s largest […]

Indian Corporates delaying green energy projects won’t get relief in commissioning

As per the ministry’s latest communication, developers will be allowed more time only if they have taken all possible measures to implement the projects. Projects that have not started land acquisition or placed orders for modules will not be given any relief.

Exclusive: India, China propose ‘multiple pathways’ on cutting use of fossil fuels

India, the current G20 president, is keen on introducing the phrase ‘multiple energy pathways’ in a communique to be released at a group summit in September and has been supported by countries including China and South Africa, one of the officials said. Multiple pathways for energy transition would enable countries to choose resources, even coal, […]

Towards a Greener Cleaner India: Assessing the climate risk and finance in India-Report by RBI

This Report highlights the importance of climate goals as a policy priority and examines the macro-financial implications of climatechange for India in the medium to long term. The focus is on growth, inflation and financial stability. It explores the range of available policy options – fiscal policy; technology; trade policy; regulatory policy; and monetary policy […]

Indian Oil Corp plans green jet fuel plant worth $10 bn to meet demand

Indian Oil Corp. is planning to build a Ra 1,000 crore ($122 million) sustainable aviation fuel plant as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals.The facility will have capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other oil companies […]

REC Limited lists its Green Bonds of USD 750 Million at GIFT IFSC Stock Exchanges

REC Limited has undertaken an exclusive listing of its recently issued Green bonds of USD 750 million raised under its Global Medium Term Programme of USD 7 billion at GIFT IFSC Stock Exchanges in a primary listing ceremony held in GIFT IFSC, Gandhinagar today. This is the largest ever senior USD tranche by an Indian […]

3 Adani companies removed from UN-backed climate initiative for ‘expanding’ their use of fossil fuels

Three Adani-owned companies — Adani Green Energy Ltd, Adani Transmission and Adani Ports & Special Economic Zone — were removed from the United Nations-backed Science Based Targets Initiative (SBTi) for their involvement in mining of natural gas and expanding the group’s use of fossil fuels. The action was taken after a non-profit Eko (formerly SumOfUs) […]

NTPC to install 20 GW RE capacity with pumped storage at AP green hydrogen hub

NTPC, which is setting up a more than ₹1 lakh crore green hydrogen hub in coastal Andhra Pradesh, will install 13.4 gigawatts (GW) of solar power and 6.6 GW of pumped storage project (PSP). Sources said that India’s largest power producer will set up a total of 20 gigawatts (GW) of renewable power capacity, including […]

NTPC and NPCIL sign Agreement for joint development of Nuclear Power Plants

NTPC Ltd. signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd. (NPCIL) in New Delhi today for development of Nuclear Power Projects. The agreement was signed by Mr. Ujjwal Kanti Bhattacharya, Director Projects, NTPC Ltd. and Mr. Ranjay Sharan, Director Projects, NPCIL in the presence of Shri R.K. Singh, Minister of […]

DLF’s rental arm DCCDL buys 26.43% stake in Suncloud Solar for ₹8.41 crore

DLF’s rental arm DCCDL buys 26.43% stake in Suncloud Solar for ₹8.41 crore. DLF holds 67% stake in DLF Cyber City Developers Ltd. (DCCDL), while Singapore sovereign wealth fund GIC has the remaining 33.33% stake. DCCDL holds bulk of the office buildings and shopping malls of DLF group.

Civil aviation ministry’s consultative panel discusses sustainable aviation fuel

International Civil Aviation Organization (ICAO) has been entrusted to facilitate to reduce the carbon emissions from international civil aviation as one of its focus areas. In order to mitigate carbon emissions from aviation sector and its impacts on climate change. ICAO has adopted the aspirational goals, viz. 2% annual fuel efficiency improvement through 2050, Carbon […]

Gujarat clears land for green hydrogen projects to be taken up by Indian Corporates

Taking the lead in India’s big leap towards green hydrogen manufacturing, the Gujarat cabinet approved the draft land allocation policy for green hydrogen projects. Land parcels of 1.99 lakh hectare have been earmarked for five key players – private sector entities – eyeing their foray into the green hydrogen manufacturing, in addition to other incentives […]

Credit Fair and Tata Power Solar partner to offer affordable solar rooftop financing solutions

Under the partnership, Credit Fair will offer collateral-free financing solutions with flexible tenures of up to 60 months. The solutions will be available for all types of solar rooftop installations, including residential, housing societies, trusts, and MSMEs, with initial loans of up to INR 50 lakh for installations of up to 100 kW of solar […]

India and UK to jointly create India-UK ‘NET Zero’ Innovation Virtual Centre, announces Union Minister Dr Jitendra Singh

India and UK to jointly create India-UK ‘NET Zero’ Innovation Virtual Centre, announces Union Minister Dr Jitendra Singh. This will focuse on industrial decarbonisation and launching the first-ever UK-India scientific deep sea voyage.” This will provide a platform to bring stakeholders from both countries together to work in some of the focus areas including Decarbonization of manufacturing […]

Indus Towers joins the global efforts to combat climate change

Indus Towers made a commitment to net-zero greenhouse gas emissions by 2050 in line with climate science with the Science Based Targets initiative (SBTi). Guided by its ESG vision, launches ‘Zero Goal Hai’ campaign. Also seting medium to long-term ESG commitments with special focus on Net-Zero, expansion of Renewable Energy portfolio, Zero Harm- Zero Waste […]

Cummins inc. and tata motors strengthen their 30-year alliance to power a cleaner india with low- to zero-emissions technologies for mobility solutions

Tata Motors and Cummins have a 30-year strong partnership through their joint venture Tata Cummins Private limited (TCPL) in India, established in 1993. The signing of this definitive agreement further strengthens their relationship and is a step forward from the Memorandum of Understanding (MoU) signed between the two organizations in November 2022 to collaborate on […]

Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024

Zypp Electric has announced its association with Zomato for deploying 1 lakh e-scooters by 2024. As part of the association, Zypp will also provide delivery partners to Zomato for the last-mile deliveries in various cities in India. Zypp Electric claimed that it has deployed over 13,000 electric vehicles so far. Zypp aims to targets to achieve more than […]

Tata Communications announces 3C Sustainability strategy; Commits to Net Zero by 2035

Tata Communications, a global digital ecosystem enabler, today announces its commitment to be Net Zero by 2035 across its global operations. On this Earth Day 2023, Tata Communications aims to ‘Invest in our Planet’ in its drive to accelerate and make a stronger sustainability promise for the Earth. As part of this, the Company outlines […]

Adani Green Turns Water Positive For Plants With Operating Capacity Of Over 200 MW

Adani Green Energy Ltd (AGEL), the world’s largest solar power developer and the renewable energy arm of the diversified Adani portfolio companies, has been certified “Water Positive” by DNV, an independent global assurance agency. The verification statement signifies that AGEL’s water conservation is greater than consumption. DNV conducted qualitative and quantitative assessment of water balance index for […]

Indian Oil & US-based LanzaJet to set up India’s first green aviation fuel firm

Indian Oil Corporation is planning to set up a joint venture with US-based clean energy technology company LanzaJet Inc and multiple domestic airlines for production of sustainable aviation fuel (SAF), people aware of the development said.The proposed venture will set up a plant to make SAF with alcohol-to-jet technology at the state-run company’s Panipat refinery in Haryana at a cost […]

Honeywell Sets Up A Dedicated Sustainability Center Of Excellence In Madurai

Honeywell has announced the inauguration of its Sustainability Centre of Excellence in Madurai, Tamil Nadu. This facility will serve as a hub for support in engineering, innovation, and collaboration on sustainability initiatives, both within the company and with partners. The sustainability center of excellence (CoE) will accelerate Honeywell’s commitment to innovate products and services that […]

Framework for acceptance of Green Deposits

The Reserve Bank of India (RBI) has put in place a framework for accepting green deposits. The framework will come into effect from June 1.The framework applies to banks, small finance banks, and deposit taking non-banking financial companies.It aims to encourage lenders to offer green deposits to customers, protect interest of the depositors, aid customers […]

Adani Green Conferred With Prestigious Platinum Environment Award 2022

Adani Green Energy Ltd (AGEL), the world’s largest solar power developer and the renewable energy arm of the diversified Adani portfolio companies, has been conferred with the prestigious ‘Platinum Award’ by Grow Care India Environment Management Awards 2022 for outstanding achievement in the Environment Management category. The award was given by Shri Faggan Singh Kulaste, Minister of State, Ministry […]

JK Lakshmi Cement Commits to 100% Renewable Energy and Doubles Energy Productivity by 2040

JK Lakshmi Cement, a leading Indian cement manufacturer, has committed to sourcing 100% of its electricity needs from renewable sources through joining the RE100 initiative. The company aims to meet this target by 2040, which will make it the fourth cement firm globally to achieve this goal. Additionally, JK Lakshmi Cement has also joined the […]

Three schemes launched and several steps taken by the Centre to promote adoption of electric vehicles in India

Ministry of Heavy Industries has launched three schemes to promote electric and hybrid vehicles production in the country which are FAME India Phase II, PLI for Automobile and Auto component industry and PLI for Advanced Chemistry Cell.

L&T Finance Holdings honoured at Dun & Bradstreet ESG Awards 2023 for ‘Business Sustainability’

L&T Finance Holdings Limited (LTFH), a leading Non-Banking Financial Company (NBFC) has been conferred the Dun & Bradstreet ESG Award 2023 for ‘Business Sustainability’ at an event held in Mumbai. The award ceremony, held on the occasion of the ESG Leadership Summit, acknowledges and recognises companies for their ESG performance towards achieving Sustainable Development Goals. […]

IFC invests in first-of-its-kind Sustainability-Linked Bond issued by Tata Cleantech Capital, to foster renewable energy, drive climate targets

A new funding is set to spur India’s renewable energy capacity and help improve access to climate finance, with International Finance Corporation (IFC) investing INR 3,750 million (about $50 million) in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital. This is the first such instrument issued by a private financial institution in India and […]

Tata Steel recognised as 2022 ‘Supplier Engagement Leader’ by CDP

Tata Steel has been recognised as 2022 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its efforts in measuring and reducing environmental risks across its supply chain. This achievement marks the third time in the last four years that the Company has been rated at the highest level by its suppliers. Tata […]

IFC to Invest INR 600 Crores at a Valuation of up to INR 6,020 crores in New Last Mile Mobility Company to be Launched by Mahindra & Mahindra Ltd

In a bid to scale up the penetration of affordable electric three-wheelers and small commercial vehicles (SCV), World Bank arm IFC is investing Rs 600 crore in a new last-mile mobility company wholly owned by Mahindra and Mahindra (M&M). The firm will be a newly incorporated company (NewCo). This is IFC’s first investment in an Indian EV manufacturer and […]

Hindustan Zinc’s Mines becomes the 1st GreenCo Certified Mines

Hindustan Zinc, a Vedanta Group company and India’s largest & only integrated producer of Zinc, Lead & Silver, has bagged the GreenCo Silver rating by CII for its sustainable mining operations. Company’s Rampura Agucha Mine and Zawar Group of Mines have received the Silver Rating for their exemplary performance in waste & material management, green […]

PNB MetLife rolls out Sustainability Equity Fund

PNB MetLife, one of India’s leading life insurance companies, is launching a Sustainable Equity Fund. The new solution, which is part of the PNB MetLife Goal Ensuring Multiplier plan, enables customers a make a positive impact while optimizing returns by investing their premiums in companies leading the way in environmental, social and governance (ESG) principles. […]

India Can Balance Curbing Emissions and Economic Growth

Further adoption of clean energy will accelerate the transition to net zero while saving lives, boosting fiscal revenues, and promoting energy security

OPINION: Greening the economic growth – The way ahead for India

Green growth is one of the seven priorities set forth in the Union budget for 2023–24. It reflects a very serious approach by the government towards the environment and sustainable development.

Commercial & Industrial Consumers are our Partners in Transition towards Net Zero & Decarbonization: Lalit Bohra, Joint Secretary, Ministry of New and Renewable Energy  

Addressing FICCI’s Seminar on Renewable Energy (RE) Transition for Commercial and Industrial Consumers, Mr Lalit Bohra, Joint Secretary, Ministry of New and Renewable Energy, Government of India said the PLI scheme of Rs 24,000 crores would ensure upward integration from polysilicon to modules and will help India in becoming a net exporter of modules.  

Jaguar Land Rover Announces 2030 Sustainability Targets

Jaguar Land Rover has committed to reducing greenhouse gas emissions across its operations by 46 per cent by 2030. In addition, the company will cut average vehicle emissions across its value chains by 54 per cent, including a 60 per cent reduction throughout the use phase of its vehicles. The goals, which are approved by the Science […]

Karnataka and Gujarat made the most progress towards clean electricity transition

While Rajasthan and Tamil Nadu need to improve the readiness of their power systems, Bihar, Uttar Pradesh, and West Bengal must utilise more of their renewable energy potential.

The future is renewables: Transit fast but smarter

Currently, the shift to renewables is largely restricted to large corporates and industries due to multiple factors, including the initial high cost, inadequate repair and maintenance facility, battery storage issues, and lack of sufficient products on the market.

World Sustainable Development Summit: India stresses to focus on ‘adaptation’

Adaption refers to measures taken for coping up with the deleterious consequences of global warming that have already become unavoidable

India wants a clean energy transition deal – and its coal too

In recent months, India has relaxed environmental and public consultations on coal mine expansions, boosted its coal production and cited coal as critical for energy security in global climate dialogues. But the country still aims to reduce coal from 50% of its energy mix currently to about 30% by 2030, while building 500 gigawatts (GW) […]

GreenLine deploys 35 LNG trucks at Dalmia Cement

Dalmia Cement (Bharat) said it has tied up with GreenLine Logistics to deploy 35 LNG trucks to building a ‘green’ supply chain. “These trucks will be deployed at DCBL’s plants in Maharashtra & Tamil Nadu, in a phased manner. Under its green logistics strategy for the decarbonization of its transportation fleet, DCBL plans to transition […]

Promoting Sustainability in Indian Agriculture: Focus Areas for Responsible Growth

Promoting Sustainability in Indian Agriculture: Focus Areas for Responsible Growth – Indian agriculture has witnessed remarkable growth in production over the last seven decades. However, this transformative growth has been accomplished with significantly high ecological costs. This report highlights the imminent need for sustainability-focused initiatives, the critical role that agriculture plays in achieving Sustainable Development […]

Government is fully committed for sustainable development in the field of green energy: PM

The Prime Minister, Narendra Modi has said that government is fully committed for sustainable development in the field of green energy.

Rethinking urban green financing for accelerating India’s cleantech system

ULBs can effectively contribute to and accelerate India’s cleantech system only if a proper financial framework is put in place.

Shri Bhupender Yadav says that under India’s G20 Presidency, the concept of ‘Green Growth’ being a priority area validates how sustainable development has been mainstreamed in Indian policy making process through a visionary approach

Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, today delivered the keynote address on Visionary Leadership for Mainstreaming Sustainable Development and Climate Resilience at the inaugural session of the World Sustainable Development Summit 2023 held in New Delhi.

OPINION: Indian emissions and responsibilities – Towards an Intra-national CBDR

A strategy akin to CBDR, on an intra-country level, needs to be formulated, with targets based on propensity to pay. Possible categories can include people in higher tax brackets, frequent flyers, high power consuming households and even SUV owners.

Climate Performance Index: A Study of the Performance of G20 Countries in Mitigation

Climate is a global common, and the task of reversing the worsening climate change is a global responsibility. There are two aspects to climate action: adaptation and mitigation. This paper focuses on mitigation, the global efforts for which are uneven as some countries are performing better than others. The paper evaluates the mitigation efforts of […]

India plans to export solar power: official

Country can produce annually solar modules that can generate 100 GW and become a net exporter of power, says Secretary, Ministry for New and Renewable Energy, Bhupinder Bhalla; high customs duty on Chinese components, land acquisition challenges hamper switch to non-fossil sources

India needs to increase renewables tender issuance to meet clean energy targets

State and central agencies need to make concerted efforts to raise the annual variable renewable energy tender issuance to over 35GW in the next few years, to achieve India’s 2030 targets.

India’s coal-based power generation likely to fall to 69% in 2025: IEA

The agency also expects an increase in India’s nuclear power generation capacity

Why the Union Budget 2023-24 is crucial for India’s Energy Transition

Building upon the various initiatives undertaken over the recent years, the Union Budget 2023-24 has undertaken initiatives to boost domestic capacity and paves way for a timely energy transition.

Varied Measures to Ensure Sustainable Coal Mining

How Union Budget 2023 can reshape renewable energy sector?

The Finance Minister kept the issue on priority while presenting the Union Budget 2023 at the Parliament on 1 February 2023.

India’s green hydrogen challenge

The fuel has the potential to maximise decarbonisation of the energy sector and use of energy in sectors such as transport, buildings and industry. To realise the targets it has set, India needs to work with multiple institutional bodies

Net-Zero: Erecting an enduring green-steel ecosystem in India

As India embarks on a journey of becoming a developed nation by 2047, its steel industry should exhibit strength and resiliance in the face of a dynamic global marketplace.

ABB India achieves ~82% reduction in own GHG emissions across all manufacturing locations

BB India today announced that its sustainability initiatives have cumulatively led to an 81.6% reduction in Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions versus its 2019 baseline. This has been primarily aided by the investment into renewable energy sources and the realization of RE100 across its 5 manufacturing locations. In the process, all […]

India Energy Week: Rising demand for fossil fuel dominated the talks

The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon

A Nordic-India connect to power a green transition

The Nordic countries are ready to offer their technologies and expertise to India as it moves towards a green, digital, and innovative future

India stands committed to reducing emissions intensity of GDP by 45% by 2030 and reach to net-zero by 2070, while developing sustainably: Shri Bhupender Yadav

To reshape global partnerships, India to adopt a ‘whole-of-society’ approach with the government engaging at national, sub-national and local levels, including the private sector, civil society organisations, local communities, and people in vulnerable situations. Under the Prime Minister’s leadership India has emerged as a global forerunner, showing resolve to ensure harmony and energy security in […]

Can coal-reliant China and India make a smooth transition to green energy?

China and India account for 60 per cent of global coal use and have pledged to slash emissions to reach a target of net zero by 2060-2070. However, consumption of the fossil fuel in both nations has increased as industrial activity rebounds after three years of Covid

How India can effectively electrify public transportation

The low bankability of electric bus leasing contracts has emerged as a major challenge in India’s plans to electrify its public transportation. As this is due to the poor financial health of most State Transport Undertakings (STUs), the viable long-term solution is to reform them. For immediate relief, measures like introducing a payment security mechanism […]

Adani’s crisis points to the big risk in India’s net zero plan

Led by Adani’s $70 billion pledged investment in green energy infrastructure, India’s tycoons have so far committed to spend far more than the government on the energy transition. Reliance Industries Ltd.’s Mukesh Ambani and JSW Group’s Sajjan Jindal, along with energy giants like Tata Group, have also rushed to champion the shift to a cleaner […]

India Energy Week 2023 kicks in with PM launching key initiatives in Green Energy sector

“The India Energy Week was borne out of PM Modi’s long standing vision for India’s role in the global energy transition while ensuring energy security, affordability, and accessibility for her citizens.”, said Shri Hardeep S. Puri, Union Minister for Petroleum & Natural Gas and Housing Affairs. In his opening remarks at the inaugural event of […]

Climate change will increase hydropower generation in India

There is a greater likelihood of increased hydropower generation but the risk arises from very high inflow due to extreme rainfall, especially when the reservoirs are already full

India’s Union Budget: A mixed bag for the renewable energy sector with some hits and a few misses

With the lead-up to the 2024 general elections and India’s G20 presidency, there were expectations that the Union Budget 2023-24 would include some populist measures but also, more importantly, set out how India will support its ‘Green Growth’ agenda. While Green Growth was among the top seven priorities outlined for the next financial year in Finance […]

Budget 2023 will promote green growth, says renewable industry

During her Union Budget speech on Wednesday, Union Finance Minister Nirmala Sitharaman said India was moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher green industrial and economic transition.

National green hydrogen mission to facilitate the transition towards a low carbon economy; India sets a target of annual production of 5 mmt by 2030

M-pranam to promote alternative fertilizers and balanced use of chemical fertilizers. Proposal to establish 500 new ‘waste to wealth’ plants under gobardhan scheme with a total investment of ₹ 10,000 crore. Amrit dharohar scheme to promote values of local communities in conserving wetland ecosystem.

Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI 

Commenting on the Union Budget 2022-23, Mr Subhrakant Panda, President, FICCI said, “FICCI congratulates the Hon’ble Finance Minister for delivering a balanced and progressive Union Budget which gives primacy to inclusive growth. The announcements made today capture the pulse of the economy while retaining credibility both in terms of projections as well as committing to the fiscal […]

India needs more investment in climate-tech, sustainability

Anjali Bansal, founding partner of Avaana Capital, started the venture capital fund with a view to take exciting innovation in the technology ecosystem, apply it to large-scale problems, and create outsized returns – both financial as well as developmental. Avaana’s focus is on investments in climate mitigation as well as adaptation and resilience. Environmental, social, […]

Economic Survey 2022-23: Highlights

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament

Climate Actions for Businesses

When we talk and act on climate action and the energy transition in emerging economies, the discussion can range from topics such as climate mitigation, adaptation, energy transition, financing, and business model innovation to next-generation technologies. In this article, Biba Jasmine says that given the current debate and discourse around net zero and carbon neutrality, it is […]

Future mobility must be sustainable in economy, ecology and environment: Nitin Gadkari

National Hydrogen Mission will result in a cumulative reduction in fossil fuel imports of over Rs. One lakh crores: Subhrakant Panda, President, FICCI. Hundred per cent vehicles on the Uber platform will be zero emissions by 2040:  Mike Orgill, Head of Public Policy (Asia Pacific)

Greening India’s Union Budget

The Indian economy is witnessing a strong revival, with the World Bank upgrading its growth forecast to 6.9% from 6.5% earlier. The Wholesale Price Index (WPI) has also fallen from a high of 15.8% in June 2022 to 4.95% in December 2022, while Consumer Price Index (CPI) inflation came down from 7.8% to 5.7% during […]

Blue Economy: An ocean of opportunities

The modern or developed world believed in the red economy based on fossil fuels, which is part of our life today. But with climate change concerns rising, the Green Economy became a natural choice. But we need to sharpen our focus on the Blue Economy, which was actually the origin of connecting geographies, from war […]

India’s first-ever green bond auction gets better-than-expected yield

The five-year bond was sold at a cut-off yield of 7.10% versus 7.13% estimate

India’s net zero ambition has a coal quandary : Can emerging cleantech solve it?

For reasons of energy security, India to rely on domestic coal until viable alternatives energy.

Annual Outlook 2023: Warmer Climes Ahead

The central theme of our outlook for 2023 is ‘warmer climes ahead’. Although the acceleration of global warming has precipitated a deluge of doomsday scenarios across the globe, the onset of climate change has actually also underpinned a number of bright spots in the present macroeconomic environment, geopolitical landscape, and the outlook for long-term investing.

India at Davos 2023: From energy transition to gender parity, here are 5 highlights

This year’s World Economic Forum Annual Meeting saw leaders from around the world come together to discuss various aspects of the cascading and connected crises that threaten a polycrisis.

India’s renewable energy sector ripe for global and domestic investments

India’s renewable energy sector, which is on the cusp of another growth spurt driven by the next wave of policies and reforms, offers significant investment opportunities for global and domestic investors, according to a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Invest India.

India’s transition to green energy will have a significant impact on employment

Another effect of the energy transition that needs to be considered is the impact on employment; in some states, a significant proportion of the people are engaged in coal mining. The effect on employment may not be severe but it will be challenging because it is concentrated in a few states.

Resiliency & Sustainability Summit discusses present and futuristic disaster risks & climate contexts

The Resiliency & Sustainability Summit: Vision 2047 brought together experts from all over India and deliberated upon the key aspects of present and futuristic disaster risks and climate contexts as well as their changing scenarios.

Scaling Green Hydrogen in India: Adopting a three pronged approach

As the World’s clean energy game plan intensifies, India’s development of a successful Green Hydrogen ecosystem can be a masterstroke that helps humanity win.

How can we accelerate the green energy transition in Asia-Pacific? 3 leaders weigh in

The Asia-Pacific (APAC) region plays a central role in the global efforts to reach net-zero and achieve a green energy transition. The region is home to five of the 10 largest emitters in the world (China, India, Indonesia, Japan, and South Korea) and accounts for about 45% of global greenhouse gas emissions due to its […]

ESG adoption can help MSMEs play big role in reducing carbon emissions: Experts

Sustainability for MSMEs: India has embarked on new initiatives in renewable energy, e-mobility, ethanol blended fuels, and green hydrogen as alternate energy sources.

Green Hydrogen: An Opportunity for India-Africa Cooperation

Although India and Africa have long shared close ties, engagement between the two regions is yet to reach its full potential. However, amid the global green transition and attempts to enhance energy security, green hydrogen—increasingly seen as the ‘fuel of the future’—could provide a new avenue for cooperation between the regions. Such a partnership, focused […]

Climate tech investments to see an uphill climb in 2023

Investment in climate tech is an unmissable opportunity as there is a sense of urgency among companies to reach their sustainability targets.

Business and biodiversity: It’s time to broaden our focus beyond just climate change

Globally, we are venturing into uncharted territory regarding climate change. The planning phase of critically assessing and defining how our businesses contribute to environmental damage is behind us, and now is the time to take action.

India is the front runner in mitigating climate change globally and is progressing fast on its energy transition agenda: Shri Hardeep S. Puri at Auto Expo 2023

Today’s event marks the extent to which India is willing to innovate to keep its pledge of protecting the environment while simultaneously addressing the growing demand for energy: Shri Hardeep S. Puri. Auto Expo- 2023 is being organised with the theme “Explore the World of Mobility”

The climate crisis disproportionately hits the poor. How can we protect them?

The world stands on a crossroads regarding fighting the multiple challenges confronting humanity, the most pressing one being climate change. But the impacts of climate change vary greatly between countries and population groups. This climate crisis is a deeply unfair one, with the poor being disproportionately affected. The countries with the fewest resources are likely […]

What is the IMF’s new climate fund and how does it work?

As climate-related disasters increase in number and intensity, low and middle-income countries are particularly at risk. COVID-19 also exposed the huge risks and costs a pandemic can bring – with the potential to overwhelm government budgets. To help low and middle-income countries face challenges like these, the International Monetary Fund (IMF) has launched a new […]

From intent to action: India well poised to become a global leader in green hydrogen

While geopolitics drove many countries in 2022 to shift back to burning fossil fuels, 2023 offers a big reason to rejoice as India looks set to lead the world in energy transition.

Auto Expo 2023. Tata Motors to drive in a host of alternative-fuel trucks and buses towards 2045 net-zero goals

Unveils 14 new products across the natural gas, battery electric, fuel-agnostic, hydrogen cell electric, and hydrogen cell ICE categories

India’s 4-plank energy security strategy is based on diversifying supplies, increasing E&P, alternate energy sources and energy transition through a gas-based economy, Green Hydrogen etc.

India will contribute 25% of global demand by 2040 and achieve 20% ethanol blending in petrol by 2025: Hardeep Singh Puri.

How Budget 2023 can help India build a circular economy in renewables

India Budget 2023: ​​A circular economy could solve the problems associated with mineral criticality and supply chain vulnerability. Some strategies include reducing mineral intensity, extending the use of components and products, recovering materials from waste, and recycling and reusing them.

The role of Green Majors in the energy transition

The increasingly evident impacts of global warming have been a cause of concern for many decades. Since the Paris Agreement, there’s been a global effort to reach net zero by 2050, yet the commitments made by governments still fall short of achieving the determined goals.

4 priorities for a clean energy transition in 2023

Reports indicate that the target of limiting global temperature to 1.5°C is rapidly slipping off the table. We urgently need to step up the clean energy transition now and throughout the remainder of this decade. At ReNew Power, we have made bold steps to reach Net Zero by 2040 – 10 years ahead of our […]

Scaling solutions: the role of carbon markets in accelerating the net zero transition

The world needs transformational change to fight climate change. And it needs it now. In 2022, we witnessed flooding in Pakistan, wildfires in Europe, droughts in California and a total of 29 major weather disasters each causing damage of over $1 billion. Clearly, climate change is here, happening and having an impact on us all […]

Talk by Richard Damania | Economics of Water: Pollution, Scarcity and Climate Change

On 5 December 2022, the Observer Research Foundation, Mumbai hosted Richard Damania, Chief Economist at the Sustainable Development Practice Group, World Bank, for a talk on the economic impacts of water on various sectors. Damania started by emphasising the importance of water as an essential resource that is vital to all aspects of life but […]

Jindal Stainless commits to net zero with appointment of its first Chief Sustainability Officer

Taking another step towards achieving its Environmental, Social, and Governance (ESG) goals, Jindal Stainless has introduced a senior position of Chief Sustainability Officer (CSO). Mr Kalyan Kumar Bhattacherjee has been appointed as the Company’s first CSO. Mr Bhattacherjee will be responsible for leading Jindal Stainless’ sustainability initiatives, including efforts to decarbonise and eventually reduce the […]

Coalescing ESG’s shared value with business goals for net-zero future

India has put a lot of work into establishing robust plans and activities that are in line to accomplish sustainable growth over the past year to stand out at the top in terms of its ESG commitment. Deliberating on the collective accomplishments and navigating the road ahead toward circular sustainability, ET Edge, an initiative of […]

‘India needs to invest up to $100 bn annually more for 2070 net-zero goal’

Companies in India are already investing $65 billion-$100 billion to cut carbon emission from existing and new capacities

5 levers for decarbonizing the global economy and tackling climate change

The ongoing economic crisis poses a potential gridlock for global decarbonization efforts. Why should business leaders give head space to sustainability targets when they are struggling to keep their businesses above water?

India is emerging as a climate tech hub

Shauraya Bhutani, Co-Founder of Capital Connect Advisors and Founder and Partner at Breathe Capital believes that India is going to lead the way in climate tech innovation especially in building solutions for developing economies which face fundamentally different challenges to developed ones

Outlook for renewable energy industry in 2023: Opportunities and Challenges

In 2023, the renewable energy sector is expected to maintain growth and achieve desired figures, and cash flow, technology upgradation and government’s support with futuristic measures will be the major factors driving growth.

Climate for green bonds

Green issuance has grown significantly to $18.3 billion cumulatively, with 2021 being the most successful year yet for green bonds in the country with a record issuance of $7 billion. Cumulatively, renewable energy dominates the green proceeds allocation. Of the $18.3 billion issued via labelled green instruments, more than $16.4 billion (90%) has been allocated […]

Explained | India’s plan to develop green hydrogen

What are the different types of hydrogen and why is it difficult to produce the green version of the same? What are the objectives of the National Green Hydrogen Mission? What are the two umbrella sub-programmes under the Mission? Why does the country want to be a leading exporter of green hydrogen?

NTPC, HPCL in green energy pact

Reportedly, state refiner HPCL is working on a plan for net zero carbon emissions by 2040. India, the world’s third-biggest greenhouse gas emitter, is aiming to reach net zero emissions by 2070.

Cabinet approves National Green Hydrogen Mission

Mission aims to make India a Global Hub for production, utilization and export of Green Hydrogen and its derivatives. Mission will help in India becoming energy independent and in Decarbonisation of major sectors of the economy

We Are Targeting Carbon Neutrality By 2035 At L&T Finance, Says Dinanath Dubhashi

Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings Ltd. sheds light on how ESG figures in their scheme of things. With ESG as its core pillar, L&T Finance Holdings Ltd has integrated sustainability closely into its operations with well-intentioned plans for carbon neutrality, the circular economy, green supply chains, biodiversity, and green services. 

NTPC starts India’s first green hydrogen blending operation in PNG network

NTPC Ltd commissions India’s first green hydrogen blending project. The green hydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township, Surat. The project is a joint effort of NTPC and Gujarat Gas Limited (GGL).

Decarbonization as an opportunity for Indian consumer and retail sector

Globally, retail & consumer sector is transforming and re-positioning to be fit for the future.

Opinion: Power Markets will accelerate India’s Journey towards Net-Zero

The country’s updated NDCs under the Paris Agreement targets to reduce the emissions intensity of its GDP by 45 per cent from 2005 levels by 2030, and achieve 50 per cent cumulative installed capacity from cleaner energy resources by 2030, will enable the country to reach its larger targets of net-zero emission by 2070.

The path to decarbonisation in the wake of the Russia-Ukraine conflict

Against this international backdrop, India must pivot the needle of its energy compass towards short-term energy security and long-term decarbonisation. Irrespective of who is to blame for global warming, India cannot afford to develop first and clean up later

Greening India while growing India: Creating fresh capacities in green energy

It is clear that India has begun to walk its talk on making the country net-zero by 2070. This is interesting, given that the onset of the pandemic and the global energy crisis triggered by the Russia-Ukraine conflict, have resulted in most of the world going soft on their decarbonisation commitments.

Accelerating sustainable finance with informed decision making

Financing can scale and speed up climate impact. Changes in financial decision-making percolates into both public finance and private finance.

Coalescing ESG’s shared value with business goals for net-zero future

India has put a lot of work into establishing robust plans and activities that are in line to accomplish sustainable growth over the past year to stand out at the top in terms of its ESG commitment. Deliberating on the collective accomplishments and navigating the road ahead toward circular sustainability, ET Edge, an initiative of […]

JK tyre targets to be carbon neutral by 2050

The company said it has already achieved 53% of energy through renewable sources and targets to cross 75% in next 5 years

India plans $2 billion incentive for green hydrogen industry, says report

The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official

How COP27 has accelerated climate tech venture capital in emerging economies

Given India’s proven investment track record and government support for net zero solutions, we can expect to see more venture capital firms targeting innovating clean tech start-ups in India.

India is all set to go for its first waste-to-hydrogen project

Hydrogen generated at a facility in Pune will be utilised locally to help the city lower its emissions, manage waste optimally

Blue Carbon: India’s time to create some waves

India must adopt blue-carbon solutions if it intends to emerge as a global climate leader

Go Green: Sustainability is everyone’s business today, aided by tech

Companies are using AI and cloud to drive the ESG mandate. Today large global companies like Tetra Pak, Unilever, Apollo Tyres and home-grown brands like Safexpress are making conscious environmental, social and governance (ESG) investments and integrating smart technology into their business operations to implement sustainable supply chains. Parallelly, we see technology players helping clients […]

G20 Presidency: Can India be the global south’s voice for climate finance?

Climate finance has long been a source of discussion within the G20. Developed countries have fallen short in meeting their 2009 commitment to channel US$100 billion a year by 2020 to developing countries to help them mitigate and adapt to the impacts of climate change.

India’s G20 presidency is an opportunity for green hydrogen leadership

While renewable energy is successfully decarbonising the power sector, many other industries remain dependent on fossil fuels. In the hunt for clean alternatives, green hydrogen has emerged as the elixir to decarbonise such industries.

Sebi approves stronger framework for green bonds

‘Green washing’ which is defined as the practice of channelling proceeds from green bonds towards projects or activities having negligible environmental benefits.

Policy, climate, war make 2022 ‘pivot year’ for clean energy

Renew Power’s CEO Sumant Sinha said the government funds for clean energy send “a strong signal” that the country wants “to become a manufacturing location for renewable energy equipment and a global alternative to China eventually.”

Bhupender Yadav at Express Adda: ‘Climate justice doesn’t mean that you let the world be in darkness’

At a recent Adda in Delhi, Bhupender Yadav, Minister of Environment, Forests & Climate Change and Labour & Employment, spoke about sustainable consumption and COP27, the clearance given to GM mustard, and why development and environment are not opposed to each other

Climate Change Performance Index

The Climate Change Performance Index 2023 report was released recently and India secured 8th position in the index which is 2 positions up from the last edition. Since no country was strong enough in all index categories to achieve an overall very high rating, thus the top three places i.e 1-3 are vacant. Thereafter India is […]

India has opportunity to take lead in tackling climate change: Union Minister

India can play a big role to tackle climate change globally, said Union Minister of State for External Affairs and Education Dr. R K Ranjan.

India’s first Hydrogen fuelled train to roll out in Dec 2023: Rail Minister Ashwini Vaishnaw

“We are designing and the design should be out by anywhere by May or June — We are designing a worldclass Vande Metro which will be a great leap forward,” Vaishnaw told reporters during an interaction.

Coal is here to stay despite India’s ambitious renewable energy goals

India, the world’s third largest energy consumer, was at the global rise in coal usage as it fell back on the easiest available fossil fuel in the face of a surge in oil and gas prices that threatened to derail the economic recovery from the pandemic.

Explained | What are carbon markets and how do they operate? 

The World Bank estimates that carbon trading can reduce the global cost of implementing nationally determined climate goals by more than half

India pushes for new biodiversity fund

At the COP15 biodiversity conference in Montreal, the country said the developing nations bear most of the burden of implementing the targets for conservation and therefore, require adequate funds and technology transfer for this purpose; discussions also held on eliminating subsidies

The world’s coal consumption is set to reach a new high in 2022 as the energy crisis shakes markets

Increase in coal use in Europe is expected to be temporary, with demand falling in advanced economies in the coming years but remaining robust in emerging Asia

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

India moves closer to its net zero target with futuristic amendment to the Energy Conservation Bill 2022

The amendment to the Act has been termed as “Futuristic” and provides for a wonderful opportunity to India to achieve Net-Zero much ahead of the target year of 2070.

India’s G20 presidency to play key role in clean energy push

India is among the countries that will drive the acceleration of the extraordinary increase in the deployment of renewables over the next five years.

Opinion: Solar fueling green transformation of Indian aviation

With the aim to bring in a green revolution in the country, industry players have been investing more time and money in indigenous innovations to increase domestic production at a fast pace.

Funding reality check for India’s dream to achieve net-zero by 2070

The Modi government could take a leaf out of Norway’s playbook to meet its 2070 emission target instead of passing the buck to the private sector

India unveils $30 billion plan to upgrade grid for clean power

The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network, power ministry said in a statement. It will help boost India’s inter-regional transmission capacity from 112 gigawatts to 150 gigawatts by the end of the decade.

Tamil Nadu to achieve carbon neutrality before India’s 2070 target: Stalin

State govt has set up the Tamil Nadu Governing Council on Climate Change, the first such to be headed by a CM

Infosys ESG Radar 2023

Infosys ESG Radar 2023 found that companies need to radically reinvent how ESG fits within the enterprise. ESG is no longer a nice to have but a business necessity. These environmental, social, and governance initiatives create value, but companies are falling short. We surveyed 2,500 executives and ESG experts who say their companies expect ESG […]

Plan to install 500 GW of renewable energy capacity by 2030 to cost ₹2.44 trillion

In order to keep its global commitments to source half its energy from non-fossil fuel sources by 2030, India must install 500 GW of capacity at a cost of ₹2.44 lakh crore, according to a new plan report

Power giant NTPC plans nuclear expansion as India chases climate goals

The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040

India’s Power Giant Will Turn to Nuclear in Climate Goal Chase

NTPC aims to add 20GW to 30GW nuclear capacity by 2040. Company will examine deploying small-scale, modular reactors.

UNFCCC COP 27 and India’s promise to achieve carbon neutrality

At the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), the final outcomes are in the form of various decisions agreed to by consensus of all the Parties following extensive negotiations. The decisions carry varying degrees of commitments and responsibilities of Parties ranging from the purely voluntary or invitation […]

Hydrogen is key energy source for achieving decarbonization, says V K Saraswat

As the world and India embark on decarbonization initiatives, the only carbon free fuel which can help achieve net-zero emissions objectives is Hydrogen, said V.K Saraswat, Member, NITI Aayog at the second day of ET EnergyWorld Annual Gas Conclave on Tuesday.

India takes another big step towards achieving 500 GW of non-fossil fuel based electricity installed capacity by 2030

Ministry of Power had constituted a high-level committee under Chairperson, Central Electricity Authority with representatives from Solar Energy Corporation of India, Central Transmission Utility of India Ltd, Power Grid Corporation of India Ltd, National Institute of Solar Energy, and National Institute of Wind Energy for planning the transmission system required for having 500 GW of […]

Climate Investment Opportunities in India’s Cooling Sector

India’s cooling strategy can simultaneously mitigate the heat related risks on lives and livelihoods, lower carbon emissions, and position India as a global hub for green cooling manufacturing. Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency. Unlocking opportunities to create a sustainable cooling […]

Report of the Inter-Ministerial Committee on Low Carbon Technologies

Under Sustainable Growth Pillar of India-US Strategic Clean Energy Partnership

India Pavilion takes Mission LiFE to the global audience

India hosted a pavilion with the theme of LiFE- Lifestyle for Environment at COP 27 at Sharm El Sheikh from 6th to 17th November 2022. The Pavilion had been designed to send out the message of LiFE through various audio-visuals, Logo, 3D models, set up, décor and side events

India delivers National Statement at COP 27

The Union Minister for Environment Forest and Climate Change Shri Bhupender Yadav delivered India’s National Statement at COP 27, today.

“In our LiFEtime” Campaign launched by India at COP 27, Sharm El-Sheikh

National Museum of Natural History (NMNH), under the Ministry of Environment Forest and Climate Change and United Nations Development Programme (UNDP), jointly launched “In Our LiFEtime” campaign to encourage youth between the ages of 18 to 23 years to become message bearers of sustainable lifestyles. This campaign envisions to recognize youth from around the world […]

India Submits its Long-Term Low Emission Development Strategy to UNFCCC

India submitted its Long-Term Low Emission Development Strategy to the United Nations Framework Convention on Climate Change (UNFCCC), during the 27th Conference of Parties (COP27) today. The Long Term Low Emission Development Strategy was launched by the Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, who is leading the Indian delegation to COP […]

Energy Efficiency, Electrification and Renewable Energy leading India to Secure Net-Zero Pathway: Lalit Bohra, Joint Secretary, MNRE

Sharm El-Sheikh, Egypt. 13 November 2022: Mr. Lalit Bohra, Joint Secretary, MNRE, Government of India, stated that energy efficiency, electrification and renewable energy are the three pillars of India’s energy transition towards a secure net-zero pathway.    

Union Finance Minister Smt. Nirmala Sitharaman approves India’s First Sovereign Green Bonds Framework

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India. This approval will further strengthen India’s commitment towards its Nationally Determined Contribution (NDCs) targets, adopted under the Paris Agreement, and help in attracting global and domestic investments in eligible green projects. The proceeds generated from issuance […]

Provisional State of the Global Climate in 2022

The past eight years are on track to be the eight warmest on record, fuelled by ever-rising greenhouse gas concentrations and accumulated heat. Extreme heatwaves, drought and devastating flooding have affected millions and cost billions this year, according to the WMO Provisional State of the Global Climate in 2022 report.

12.5GW of India’s existing gas capacity can serve as peaking plants to firm up renewables – until battery storage becomes cost-competitive

Increased domestic gas supply should be allocated to stranded and underutilized power plants to help meet peak demand and maintain grid stability

India will insist on action, clear framework at COP27

Environment Minister says that clarity will be sought on climate finance and technology transfer from developed countries, while more support would be offered to developing countries

India calls for enhanced climate ambition beyond $100 billion per year pledge

India called on rich countries on Friday to live up to their promise of providing $100 billion in annual climate finance to developing nations and urged them to increase the amount for future years at next week’s U.N. climate conference.

India to press rich countries to keep climate fund pledge

The cost of both decarbonization and coping with the impact of climate change with the impact of climate change will be huge and that is why those who have disproportionately contributed to greenhouse gas emissions shouldn’t delay the funding.

Indian Companies Climate Change Readiness

The next 10 years will be an important turning point in India’s economic lifecycle. India is already the 5th largest economy in the world, with a burgeoning middle class and increasing aspirations. Sustaining this growth trajectory will mean that Indian companies need to be addressing consumer demands and moving towards a NetZero world. Climate action […]

Making Ladakh carbon neutral intrinsic part of vision 2050

The idea of a Carbon-Neutral Ladakh was envisioned by Prime Minister Narendra Modi and it aims at planning future developmental activities to minimize carbon emissions. He stated that it is an intrinsic part of Vision 2050 for development of Ladakh and carbon neutrality has to be embedded in every department’s vision and action plan.

India projected to add 35-40GW of renewable energy capacity annually to FY2029/30

Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations

India’s energy strategy is mindful of commitments to global commons, to Green Transition and to ensure Energy Availability, Affordability and Security to all: Shri Hardeep S. Puri

India has taken many steps towards low carbon development, including through emerging fuels like hydrogen and biofuels: Shri Hardeep S. Puri

US, India committed to boost clean energy efforts to achieve climate goals

Amidst volatility in global energy markets, continuing recovery from the COVID-19 pandemic, and increasingly frequent climate-related challenges, US and India reiterated their commitment to accelerating a just and sustainable energy transition at the ministerial dialogue on India-US strategic clean energy.

Indian Railways has adopted an integrated approach for a Green Environment

Indian Railways plans to become Net Zero Carbon Emitter by 2030

India’s residential rooftop solar capacity to increase by ~60% in FY2023

Rising demand among consumers coupled with strong government support is propelling residential rooftop solar installations

Union Minister of Environment, Forest and Climate Change participates in the Ministerial Roundtable for Green Economy, World Green Economy Summit, UAE

Accelerating low carbon transition across different economic sectors is the need of the hour: Shri Bhupender Yadav

Sustainable biofuels play key role to reduce Green House Gas (GHG) emissions from the transport sector at the “Global Clean Energy Action Forum-2022”- Dr Jitendra Singh, Union Minister

The Minister addresses the Main Stage Summit Event on “International Collaboration to Accelerate the Clean Energy Transition” and side event on “India Clean Energy Showcase at Pittsburgh. India is among the few countries in the world to design a Cooling Action Plan (CAP) with a long-term vision (spanning a 20-year period from 2017-18 to 2037-38) […]

India’s Science and Technology Minister, Dr Jitendra Singh says, decarbonizing of cities and buildings should be the highest priority for the public and private sectors and it needs to be done at scale, pace, and by using an integrated and digitalized approach to bring systemic efficiency

Dr Jitendra Singh addresses the Roundtable on “Net Zero Built Environment with Connected Communities” at Global Clean Energy Action Forum-2022 at Pittsburgh, in the United States. India calls for actions like a global Memorandum of Understanding (MoU) with respect to enhancing the R&D, and Deployment, Knowledge and technology sharing related to demand driven solutions, a […]

Adani Transmission to become net-zero by 2050

ATL has submitted its detailed plan and targets for GHG emission reduction to SBTi within one year towards its commitment to contribute to contain global warming.

India to pitch green hydrogen, renewable financing to Singapore’s Deputy PM

India to pitch green hydrogen, renewable financing to Singapore’s Deputy PM Joint public and private partnerships between the two nations along with research and development in the upcoming green hydrogen sector would be explored.

‘ANGAN 2022’-three-day international Conference “Making the Zero-Carbon Transition in Buildings” held

Experts from more than 15 countries and international organizations discuss technologies for energy efficient buildings. ​​​​​​​Conference hosts exhibition of various low carbon products, technologies and innovations applicable in the building sector.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri addresses 25th Energy Technology Meet in Mumbai, reiterates commitment to concept of Net Zero

India has fared extremely well on the three fronts of energy, food and fuel, even amidst global crises: Union Minister Hardeep Singh Puri. India will not let anything undermine its commitments towards Green Transition: Union Minister Hardeep Singh Puri

The bill for India’s renewable energy goals by 2030 – $560 billion

NIIF’s MD and CEO Sujoy Bose gives a break up of investments across sectors to hit its renewable energy targets by 2030. India needs to invest $200 billion to set up 500GW of non-fossil fuel energy. The country needs $160 billion to fund its green hydrogen goals. The capex that must be spent towards electric […]

JSW Steel collaborates with German Company in decarbonisation drive

JSW Steel signs MoU with SMS group for Carbon reduction projects investing Rs 10,000 crore to reduce carbon emissions. JSW Steel, the flagship company of the $22 billion JSW Group, today forged a collaboration with German-based engineering and technology company SMS group to explore mul tiple cutting-edge solutions and R&D projects to reduce carbon emission […]

India’s JSW Steel to invest $1.3 billion to cut carbon emissions

India’s JSW Steel on Tuesday said it will collaborate with Germany’s SMS group and invest 100 billion Indian rupees ($ 1.26 billion) to cut down carbon emissions at its plants.

Five ways HUL is working towards 100% renewable energy by 2030

As part of our Climate Transition Action Plan, we’re switching 100% of our energy to renewable sources by 2030. Read on to discover five ways we’re taking action on this challenge.

India’s taking initial steps toward net-zero emissions

The concept of net-zero emissions is becoming a top priority across the globe. Numerous countries are introducing schemes and campaigns to encourage the adoption of climate-smart actions. India is the 4th largest emitter of carbon dioxide and is fortunately geared to tackle this issue by bringing forth multiple projects. The country’s target to cut carbon […]

Mumbai Action Plan: Implementing the Ambitious Goal of Net Zero by 2025

The monsoon cycles in Mumbai have changed, as has the air quality. Temperatures on the ground and at sea have been rising. Tropical cyclones and coastal flooding both pose substantial threats. All of this can, and most definitely will, have a detrimental effect on the city’s-built environment, economics, and population health. To tackle climate change, Mumbai […]

India needs climate action targets for next 10 years

We could stake a claim to leadership by following up our commitments with a finely detailed action plan for the next 10 years. Climate change is one of the most important problems we face. It is also truly a global problem in the sense that no country alone can influence the outcome. It can only […]

India, EU determine to decarbonize world: EU Commissioner for Energy Kadri Simson

European Commissioner for Energy, Kadri Simson, who is in New Delhi to reinforce cooperation between India and the European Union in the field of green energy, said that each of the regions has a clear ambition when it comes to decarbonising our world. Commissioner Simson is in New Delhi from September 7-8, her first visit […]

India Plans to Become Green Hydrogen Giant to Cut Energy Imports

Country aims to increase annual capacity to 25 million tons. World’s third-biggest emitter shooting for net zero by 2070. India is planning a massive expansion of green hydrogen production to curb its dependence on energy imports and to wean the economy off fossil fuels to meet climate targets. New Delhi is aiming for an annual […]

JK Tyre secures ‘Best in Class’ rating in ESG performance

JK Tyre a leading tyre manufacturer and the pioneer of Radial technology in India, announced that, CareEdge has undertaken ESG rating of the Company. In recognition of its superior environment, social and governance practices, JK Tyre has been rated as the best among peers, in the sub-industry category of tyre. Overall ESG score at 75 […]

Kirloskar Oil Engines, Kagal wins the Golden Peacock Award (2022) for Energy Efficiency (4th consecutive year in a row)

Kirloskar Oil Engines’ Kagal plant is CII Greenco Platinum certified, with sustainable and energy efficient practices built in across the value chain. 58% of the water needs of the plant are self-generated, the initiatives around water conservation and reuse has helped in improving the water table in the nearby community as well. The plant is […]

India showing intent to address climate issue: Environment Minister at G20

The minister said the world must recognize that development and environment conservation need to be aligned, rather than treated exclusive of each other

By 2030, 50 per cent of power capacity will be from non-fossil sources, India tells UN

By 2030, 50 per cent of power capacity will be from non-fossil sources, India tells UN. India’s other updated quantitative target under the new submission is to reduce emissions intensity (emission per unit of GDP) by 45 per cent by 2030 from 2005 level.

IndianOil to go Net Zero by 2046

IndianOil, India’s largest fuel refiner and retailer, has resolved to achieve net-zero operational emissions by the year 2046. IndianOil’s decarbonisation plans encompass both Scope 1 & 2 emissions. Mr Shrikant Madhav Vaidya, Chairman, IndianOil, made the announcement during the Company’s 63rd Annual General Meeting, held today. The year 2046 coincides with India completing 99 years […]

India’s First Geothermal Power Project At 14,000 Feet To Light Up Rural Ladakh Soon

ONGC last week started drilling its first well for the project and encountered high-pressure steam at 100 degrees Celsius In the first phase, the company will drill 1,000-metre-deep wells to run a one-megawatt power plant as a pilot.The plant can also play a vital role as a stabiliser for the 15-gigawatt solar, wind project being […]

Union Minister Jitendra Singh unveils India’s first Hydrogen fuel cell bus

Dr Jitendra Singh launched India’s first indigenously developed Hydrogen fuel cell bus developed by KPIT-CSIR on Sunday. Union Minister of State (Independent Charge) Science & Technology Jitendra Singh launched India’s first indigenously developed Hydrogen Fuel Cell Bus developed by KPIT-CSIR in Pune on Sunday. At the event, Singh called Green hydrogen an excellent clean energy […]

Ladakh EV policy out with focus on carbon-neutrality

Ladakh EV policy out with focus on carbon-neutrality. Ladakh, where tourists accounts for almost 50 percent of its GDP and expects a two-fold growth in its population by 2050, announced its EV policy with a primary focus on carbon-neutrality.

India’s coal production rises by 11.37% to 60.42 MT in July

Of the top 37 coal mines, production of 24 mines was over 100% during July this year. Another seven mines’ production stood between 80 and 100% . The overall coal production in the country rose by 11.37% to 60.42 million tonnes (MT) in July 2022 as compared to 54.25 MT recorded in the same month […]

Jindal Stainless to set up green hydrogen plant

Hygenco is a venture-backed by Vivaan Solar, a leading solar developer and renewables Engineering, Procurement and Construction (EPC) player. Jindal Stainless Limited (JSL) has partnered with Hygenco India Private Limited to set up a green hydrogen plant. This plant will enable JSL to reduce its carbon emissions by nearly 2,700 MT per annum, it said […]

More ambitious emissions reduction targets will help Indian fossil fuel giants tap global transition finance

Establishing formal, outcome-based sustainability-linked finance frameworks aligned with globally accepted science-based targets would help NTPC and Tata Power access new avenues of fundraising in foreign capital markets, such as sustainability-linked bonds and loans. Under science-based net zero targets, NTPC would have to accelerate decommissioning of coal mines and existing coal-fired power plants and stop constructing […]

Cabinet approves India’s Updated Nationally Determined Contribution to be communicated to the United Nations Framework Convention on Climate Change

Cabinet approves India’s Updated Nationally Determined Contribution to be communicated to the United Nations Framework Convention on Climate Change. Approval translates Prime Minister ‘Panchamrit’ announced at COP 26 into enhanced climate targets. A step towards achieving India’s long term goal of reaching net-zero by 2070. India now stands committed to reduce Emissions Intensity of its […]

Achieving Sustainable Development Goals

Goal 13 of the Sustainable Development Goals (SDGs) on ‘Take urgent action to combat climate change and its impacts’ pertains to climate change. Achievement of India’s pre-2020 voluntary goal, and Nationally Determined Contributions in the post-2020 period (2021-2030) will reflect in achievement of SDG Goal 13. Despite having no binding obligation under the United Nations […]

India has Taken Lead to raise the issue of Climate Finance at International Forums

At the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) held in Copenhagen in 2009, developed countries committed to jointly mobilize US$100 billion per year by 2020 to address the needs of the developing countries. At COP21 in Paris, with the developed countries having failed to keep their […]

Efforts to Encourage to Developed Indigenous Clean Coal Technologies Under “Make in India Mission”

Coal is the main stay of Indian energy system and close to 70 % of the total electric generation is coal based. Apart from power generation, other sectors like steel , sponge iron cement ,paper etc. use coal as important ingredient and fuel. With ‘Make In India’ initiatives and higher economic growth projection, the demand […]

To make Green Hydrogen and achieve its renewable energy targets, ONGC signs MoU with Greenko Zero C

In a move to significantly reduce its carbon footprint by moving into renewable space, India’s largest Maharatna, Oil and Natural Gas Corporation Limited (ONGC) signed a Memorandum of Understanding (MoU) on 26 July 2022 to enter into a Joint Venture with one of India’s leading renewable energy companies M/s Greenko ZeroC Private Limited.  Inked by […]

NTPC inks Statement of Intent with NITI Aayog to develop Net Zero GHG emissions Roadmap for NTPC

NTPC Ltd signed a Statement of Intent (SoI) with NITI Aayog yesterday to develop the Net Zero GHG emissions Roadmap for NTPC. Paving the pathway towards greening the power sector of the country, the SoI seeks to formalize a framework of cooperation between the parties to facilitate NTPC to strategies on diversification of its generation […]

Green economy is globally diverse and bound to find emerging markets like India: Taranjit Singh Sandhu, Ambassador of India to USA

India on track to achieve targets under Paris Agreement. Green finance to become robust stand in India-US economic relations in next 25 years.

Over 13 lakh Electric Vehicles in use in India; Centre is taking a number of steps to promote use of electric vehicles in India

India has a total of 13,34,385 Electric Vehicles and 27,81,69,631 non-Electric Vehicle in use. The e-vahan portal (Ministry of Road Transport and Highways), the detailed list of electric vehicles and total vehicles on roads of India, state/UT-wise is at ANNEXURE-I.

Ministry of Power notifies ‘Green Energy Open Access’ Rules to accelerate ambitious renewable energy programmes

Ministry of Power has notified Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 on 06.06.2022 in order to further accelerate our ambitious renewable energy programmes, with the objective of ensuring access to affordable, reliable, sustainable and green energy for all.  The reduction of Open Access Transaction limit from 1 MW to 100 […]

Green climate fund

The Government of India organized a stakeholder consultation workshop on ‘Understanding India’s Climate Financing needs and its mobilization with focus on Green Climate Fund (GCF)’ under the ongoing GCF Readiness Program on 24th June 2022 in New Delhi. The workshop addressed ways of mobilizing finance at scale to facilitate a shift to low greenhouse gas […]

NTPC and Indian Oil sign agreement for powering IndianOil refineries with renewable energy

NTPC and IndianOil signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of IndianOil refineries on July 18, 2022, at New Delhi.

Hindalco, Phinergy and IOP to partner on revolutionary Aluminium-Air batteries for EVs and energy storage

Hindalco Industries Limited, Aditya Birla Group’s metals flagship has signed an MoU with Phinergy, a leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy Private Limited (IOP) – a joint venture between Phinergy and India’s leading energy PSU Indian Oil Corporation. As per the MoU, Phinergy and IOP will partner exclusively with Hindalco in […]

India preparing to submit new climate targets to UN ahead of COP27 talks

India’s delay has been striking given Prime Minister Narendra Modi’s surprise announcement at COP26 that his country would reach net-zero emissions by 2070.

JSW Energy, Torrent, Sembcorp join race for Vector Green assets

Vector Green portfolio includes 19 ground-mounted utility scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across 7 states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green had expanded its portfolio in 2019 by acquiring about 225 MW solar generation […]

Lodha sets up Net Zero Urban Accelerator in tie up with RMI

Real estate developer Lodha, which is listed as Macrotech Developers Ltd., said it had set up a net zero urban accelerator at its township in Palava in the outskirts of Mumbai to enable itself and the realty sector to achieve zero emission goals ahead of the stipulated time.

India Inc.’s Big Bet on Net Zero

Amidst growing calls for the Indian economy to lower its carbon footprint, large Indian conglomerates are stepping up efforts to lower emissions and meet their net-zero targets with some urgency. but challenges remain.

India invested record amounts in renewables last year – so what next for green power in the country?

Investment in renewable energy hit a record level in India during the last financial year. We spoke with the author of a new report to uncover more about the current state of renewables in India and what’s coming next. From solar to hydrogen, Vibhuti Garg explored the future of energy across the country.

NTPC REL inks MoU with GACL to collaborate in Renewable Energy and synthesize Green Chemicals

India’s first commercial-scale Green Ammonia and Green Methanol project. NTPC RE Limited (NTPC REL) has signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) in New Delhi today to realize green energy and green hydrogen objectives and the Government of India’s efforts toward the carbon-neutrality economy. The MoU was signed by […]

Green Drive: Maruti to phase out pure petrol vehicles in 10 years

The transition of the entire portfolio to hybrid, flex-fuel, bio-fuel and pure electric vehicles will happen over the next seven to 10 years as per the current plans. It had discontinued production of diesel vehicles ahead of the adoption of BS-VI emission standards in India in April 2020.

Shri Hardeep S. Puri chairs the meeting with stakeholders on Green Hydrogen

The stakeholders deliberated upon ways to develop the entire green hydrogen ecosystem in a way that India is able to realise country’s full potential to create a $12-13 trillion industry by 2050 & transform into a dominant global energy supplier. Various ideas & opportunities were discussed with industry leaders. The participants enumerated the initiatives being […]

NTPC Renewable Energy Limited signs MOU with Government of Rajasthan for Development of 10 GW Ultra Mega Renewable Energy Power Parks (UMREPP) in Rajasthan

NTPC Group has set its target of 60 GW Renewable energy capacity by 2032. As a step towards achieving this target, NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC, has signed Memorandum of Understanding (MOU) with Government of Rajasthan for Development of 10 GW Ultra Mega Renewable Energy Power Park in […]

India Said Close to Finalizing Nationwide Battery-Swap Details

Government wants to standardize battery pack dimensionsSwapping is mainly used by electric two- and three-wheelers.

Meeting of the Parliamentary Consultative Committee for Ministry of Steel held today at Tirupati on “Roadmap for Circular Economy in Steel Sector”

Meeting of the Parliamentary Consultative Committee for Ministry of Steel held today at Tirupati on “Roadmap for Circular Economy in Steel Sector” Shri Ram Chandra Prasad Singh highlighted the immense possibilities of utilization of waste generated during mining, steel manufacturing process and end of life products. Promoting Circular Economy is one of priority areas of […]

India’s largest floating solar power project commissioned

India’s largest floating solar power project commissioned 100 MW Floating Solar Power. Project fully operationalized at NTPC-Ramagundam. Endowed with advanced technology and Environment-friendly features. Total commercial operation of Floating Solar Capacity in Southern Region rises to 217 MW.

4 Indian cities among top 20 sustainable cities in Asia Pacific: Report

Bengaluru, Delhi, Hyderabad and Mumbai made it to the list of top 20 sustainable cities. Singapore, Sydney, Wellington, Perth, and Melbourne were the top five green-rated cities in commercial real estate in the Asia-Pacific region.

G7 commits to boost India’s clean energy transition in collaboration

They have committed to achieving a fully or predominantly decarbonised electricity sector by 2035, recognising that emissions from coal power generation is the single biggest cause of global warming.

Green Hydrogen Is Critical to India’s Economic Development and Net-Zero Ambitions: Report

A new report released today by NITI Aayog highlights thatgreen hydrogen can substantially spur industrial decarbonisation and economic growth for India in the coming decades.The report was launched by Shri Suman Bery, Vice Chairman, NITI Aayog and Shri Amitabh Kant, CEO, NITI Aayog. Harnessing Green Hydrogen: Opportunities for Deep Decarbonisation in India provides apathway to […]

Climate neutrality: Infosys set an example by becoming carbon neutral company in 2020, says its president Mohit Joshi

Infosys had been on a journey to become a carbon neutral firm since 2009 and now the company is more focused towards ensuring how it goes towards cutting down on resource intensity and using technologies to become more green energy oriented in terms of functions.

ACC deploys advanced technological solutions to monitor and curb emissions

The company has introduced new technologies and has achieved a continuous improvement in the control of emissions at its plants.

India’s Top Carmaker Bets on Hybrids Over EVs in Clean Shift

Natural gas, biofuels a better answer for India currently Maruti to launch hybrid car under Toyota pact within 12 months.

Towards A Greener Footprint: Prioritising Carbon-Neutrality Makes Good Businesses Sense! Are Indian Firms Making The Transition?

Running a business is no mean feat, and each organisation — big or small — has its own set of challenges. In the past, companies only had one mantra: generating profits. Today, the end goal of making money remains the same, but they do have one additional challenge: being sustainable. The climate crisis, resource crunch, […]

Make green hydrogen manufacturing affordable, accessible: Govt to industry

Addressing an event, Mandaviya said the government alone cannot achieve the target of green energy. Synergy among industries, academia and the government is required.

Tata Power Solar commissions India’s largest floating solar power project of 101.6MWp in Kerala backwaters

Tata Power Solar Systems Limited (Tata Power Solar), a wholly-owned subsidiary of Tata Power, has accomplished a remarkable feat by commissioning India’s largest floating solar power project in Kayamkulam, Kerala on a 350-acre water body, backwaters area, having an installed capacity of 101.6 Megawatt Peak. This installation was completed within the stipulated period, despite the […]

High carbon emitters may get sops to curb footprint.

Niti Aayog, the country’s policy think-tank, will soon come out with a policy prescription for carbon capture and utilisation of carbon dioxide emitted by industries as part of the plan to achieve Net Zero by 2070, an official said requesting anonymity.

Scope, scale and speed of climate finance have to increase to match aspirations of India: Secretary, MoEF&CC

A stakeholder consultation workshop on “Understanding India’s Climate Financing needs and its mobilization with focus on Green Climate Fund (GCF)” was organized by Ministry of Environment, Forest and Climate Change, Government of India under the ongoing GCF Readiness Program on 24th June 2022 in New Delhi. This workshop is part of an ongoing effort to […]

How corporates are helping achieve 86% of PM Modi’s climate goals by 2030

According to a research report published by research company BloombergNEF (BNEF) India needs to invest $223 billion in order to meet its goal of wind and solar capacity installations by 2030 and corporates can achieved.

Green energy strategic partnership to facilitate hydrogen transportation

Welspun Corp Ltd. and Tata Steel Ltd. have signed an MoU to develop the framework and build awareness of the usage of Green Hydrogen for a better future.  

$223bn Investment Needed for India to Meet 2030 Wind and Solar Goals

India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The goal is part of the five decarbonization targets that had been announced by Indian Prime Minister Narendra Modi at COP26 in November 2021. […]

Govt gives push to solar, wind energy projects across Maharashtra

One of the objectives is to fuel e-vehicles, whose strength is growing gradually, especially e-buses, to make them run on “100 per cent clean fuel”. At present, the state has over one lakh e-vehicles.

Honeywell Provides Visibility and Control to Help Realize Carbon Neutral Buildings

Buildings are typically large contributors to a company’s Scope 1 and 2 emissions, yet most organizations don’t have the tools to fully understand and control the energy they consume Energy-management-as-a-service offering allows companies to fully account for carbon emissions down to a device levelDeveloped in India, the Carbon & Energy Management software is the cornerstone […]

Major Economies Forum on Climate and Energy Meets

The Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav represented India at the virtual meeting of the Major Economies Forum on Energy and Climate (MEF), hosted by U.S. President Joseph Biden, the meeting was held yesterday. The MEF meeting was aimed at galvanising actions that are to strengthen energy security and tackle […]

Bill in US Congress to provide resources to support India’s transition to clean energy

The Prioritizing Clean Energy and Climate Cooperation with India Act, introduced by Scott Peters and Ami Bera, proposes to establish the US-India Climate and Clean Energy Agenda 2030 Partnership for cooperation on clean energy technologies.

Shri Nitin Gadkari emphasizes on maintaining equilibrium between ecology, environment and development

Union Minister for Road Transport and Highways, Shri Nitin Gadkari has emphasized on maintaining equilibrium between ecology, environment and development. Inaugurating ‘Industrial Decarbonization Summit 2022’ (IDS-2022) – Road Map for Carbon Neutrality by 2070 he said to overcome power shortage, it is essential to develop alternative fuels.  He said eccentric one sided approach in these […]

Adani, Total in $50  billion green hydrogen pact

France’s TotalEnergies SE and Adani Group have agreed to invest $50 billion over the next 10 years in India to produce green hydrogen and develop an ecosystem around it as they seek to cut their reliance on fossil fuels and transition to zero net carbon emissions. As part of the plan, TotalEnergies will buy 25% […]

Adani Transmissions USD 700 Mn Revolving Facility Tagged As Green Loan By Sustainalytics

ATL tied up the revolving construction facility of USD 700 Mn in one of Asia’s largest Revolving Project Financing Deals from international banks for its under-construction transmission network portfolio. The unique capex revolving structure of the facility provides funding of USD 1.1 Bn on fully drawn basis.Associated to the financing, ATL has obtained the independent […]

Adani And TotalEnergies To Create The World’s Largest Green Hydrogen Ecosystem

Adani, India’s fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL).

India needs $225-250 bn investment to meet its 2030 renewable energy target: Moody’s

“The country aims to triple its renewable energy capacity to 500GW by 2030 from 157GW as of March 2022, and to have 50% of the electricity generation from non-fossil fuel sources. The key enabler will be the competitiveness of wind and solar generation over coal-fired power generation because of technological developments, supportive government policies, private […]

India needs a long-term climate investment framework: Shailesh Tyagi, EY India

Q&A with Shailesh Tyagi of EY India on India’s climate commitments, green energy and net zero ambitions.

India’s tech sector switches on to renewable electricity

The country’s IT giants are finding ways to reduce their carbon footprint.

India rejects Environment Performance Index 2022 that ranked it lowest among 180 countries

The index has many indicators based on unfounded assumptions and some of these indicators used for assessing performance are extrapolated and based on surmises and unscientific methods, the ministry said.

Offshore Wind Energy in India

Shri R.K Singh, Union Minister for Power and New & Renewable Energy held a meeting today on transmission planning for offshore wind energy projects in India. Shri Alok Kumar, Secretary, Power and Shri Indu Shekhar Chaturvedi, Secretary, Ministry of New & Renewable Energy were present in the meeting.

Developing countries need much longer beyond 2050 to reach Net-Zero emissions: India

On the occasion of World Environment Day, India on Tuesday asserted that developing countries need to be given an additional time frame beyond 2050 to reach net-zero emissions and for this developed nations should do a net-negative by the middle of the century and vacate the carbon space for developing countries.

What are ‘carbon bombs’, why environmentalists want them defused?

The usage of the term ‘carbon bombs’ picked up after an investigative project of The Guardian this year. The project reported the plans of countries and private companies all over the world to engage in 195 ‘carbon bomb’ projects.

Mahindra Logistics makes progress towards its Carbon Neutrality goal

Mahindra Logistics Ltd. (MLL), one of India’s largest Integrated Logistics service providers, announced that Science Based Targets Initiative (SBTi) has validated its target to reduce carbon emissions and the company remains on course to meet its long-term sustainability goals.

Another Major Reform to promote Renewable Energy through Green Energy Open Access

In order to further accelerate our ambitious renewable energy programmes, with the end goal of ensuring access to affordable, reliable, sustainable and green energy for all, Green Open Access Rules, 2022 have been notified on 06.06.22. These rules are notified for promoting generation, purchase and consumption of green energy including the energy from Waste-to-Energy plants. […]

India has achieved 10% ethanol blending ahead of deadline, says PM Modi; no more pollution tax from October 1

India has achieved 10% ethanol blending of petrol five months ahead of schedule, PM Narendra Modi said on Sunday. The achievement has reduced carbon emission by 27 lakh tonne, saved the country Rs 41,000 crore in foreign exchange spending (on oil imports) and boosted income of farmers by Rs 40,000 crore in eight years, the […]

India turns 10 pc of its petrol green; targets a fifth by 2025

“Due to the coordinated efforts of the public sector oil marketing companies (OMCs), the target of 10 per cent blending has been achieved much ahead of the targeted timelines of November, 2022 with OMCs attaining an average 10 per cent ethanol blending in petrol (10 per cent ethanol, 90 per cent petrol) across the country,” […]

US, Germany propose India-G7 partnership to fund decarbonisation

The JETP paper for India, which is currently under consideration of the government, has suggested a two-phased approach. In the first phase, the focus would be on reducing India’s “carbon intensity” by deploying renewable energy in power generation.

PM Launches ‘LiFE Movement’ for Adoption of Environment-Conscious Lifestyle

The idea of LiFE was introduced by the Prime Minister during the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow last year. The idea promotes an environmentally conscious lifestyle that focuses on ‘mindful and deliberate utilisation’ instead of ‘mindless and wasteful consumption’. The LiFE Movement aims to utilise the power of […]

India, Canada ink pact for stronger cooperation on climate action

Under the pact, the two countries have agreed to collaborate, exchange information and expertise, and support their respective ambition in a wide range of areas, including increasing renewable energy capacity, decarbonizing heavy industries, reducing plastic pollution, supporting the sound management of chemicals, and ensuring sustainable consumption.

MoHUA launches “Clean and Green” campaign on World Environment Day

Given the dual mandate of World Environment Day and India’s committed ban of SUP by 30th June 2022, Ministry of Housing & Urban Affairs (MoHUA) has issued a detailed advisory to States and UTs to take up a range of activities to fulfil these mandates.  These will include large scale cleaning and plogging drives, with […]

Kansai Nerolac Paints Ltd. placed in leadership position in CRISIL’s Sustainability Yearbook, 2022

In recognition of its relentless commitment towards sustainability and the environment, Kansai Nerolac Paints Ltd. (KNPL) has been placed in the ‘Leadership’ category in the CRISIL Sustainability Yearbook 2022.

Marico Limited unveils Sustainability 2.0; defines its long-term sustainability goals until 2030 on the 50th anniversary of World Environment Day 2022

Following close on the heels of its net-zero announcement, the company is ramping up its commitment to driving sustainable impact through inclusive value creation: • Out of 50 key performance indicators across environmental, social and governance related materiality themes that constitute Marico’s Sustainability 2.0 Framework, the company has taken 8 bold commitments in the decade […]

HDFC Bank Commits To Becoming Carbon Neutral By 2031-32

HDFC Bank today announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. The Bank will continue to incorporate and scale up the use of renewable energy in its operations.

Ahead of World Environment Day, Blue Dart signs the UNFCCC Climate Neutral Now Pledge

The company aims to create a lasting positive impact as #OnlyOneEarth calls for an immediate transformative action to protect our planet.

Cipla adds capacity of captive renewable energy power plant in Maharashtra, Karnataka

Cipla Limited on Thursday announced the commercial operation of additional capacity of a captive renewable energy power plant in Maharashtra and Karnataka. The company had commissioned 30 MWp solar project in Maharashtra’s Tuljapur in January 2021, which it has further added 16 MWp of solar capacity for supplying renewable energy for its manufacturing units/ facilities […]

At Stockholm +50, India likely to push for equity in climate change negotiations

A push for equity in global climate change negotiations will be among India’s key agendas at the Stockholm +50 conference, scheduled to be held in Sweden on June 2-3, according to officials in the environment ministry who asked not to be named.

India and Sweden Host Industry Transition Dialogue in Stockholm

India and Sweden hosted the Industry Transition Dialogue today in Stockholm, as a part of their joint initiative i.e. Leadership for Industry Transition (LeadIT). The LeadIT initiative lays specific focus on hard to abate sectors that are key stakeholders in the global climate action and require specific interventions. This high level of dialogue has contributed […]

CRISIL gives high scores to Welspun India for ESG efforts

Welspun India Ltd, a global leader in Home Textiles, has been rated ‘Strong’ in the Sustainability Yearbook 2022, released by CRISIL, an S&P Global company and leading rating agency in India. Based on fiscal 2021 data, CRISIL analysed environment, social, and governance (ESG) efforts of over 575 companies across 53 sectors. Welspun India leads among […]

India Circular Economy Forum, a futuristic approach to build and scale up a circular economy

India Circular Economy Forum #ICEF2022 by the International Council for the Circular Economy to be held from June 2-3, 2022 at India Habitat Center, New Delhi. The Opening ceremony will be attended by Piyush Goyal, Minister of Textiles, around 9:15- 9:30 am, and Amitabh Kant, CEO Niti Ayog and Kari Herlevi Project Director Circular Economy […]

India Must Significantly Step Up Clean Energy Subsidies to Meet its 2030 Targets: CEEW-IISD

The report ‘Mapping India’s Energy Policy 2022: Aligning Support and Revenues with a Net-Zero Future’ found that overall India’s subsidies for fossil fuels, such as coal, oil and gas, have dropped notably by 72% to INR 68,226 crore during the seven-year period between 2014 and 2021. However, subsidies in FY 2021 are still nine times […]

NTPC releases Biodiversity Policy for conservation and restoration of biodiversity

NTPC Ltd, India’s largest integrated energy producer has issued renewed Biodiversity Policy 2022 to establish a comprehensive vision and guiding principle for conservation, restoration, and enhancement of biodiversity. This Biodiversity Policy is an integral part of NTPC’s Environmental Policy. Its objectives are aligned with environmental and sustainability policies. Moreover, the policy is also designed to […]

Gail India to invest Rs 6,000 crore on renewables in next three years

GAIL India Director (Finance) Rakesh Kumar Jain said the company, which reported a 112 per cent jump in FY22 post-tax net profit at Rs 10,364 crore, has outlined an overall capital expenditure plan of up to Rs 40,000 crore in the next five years, which will cover a wide array of areas.

Sustainable real estate: Net-zero projects define new landscape for realty in India

Focus on green buildings with reduced carbon footprint an industry imperative now.

Purpose-driven capitalism: India Inc must step up environmental, social, and governance compliance

India Inc needs to step up ESG compliance, although times are not easy for companies.

The Need for Enhancing Hydro Capacity

The agenda for the meeting was ‘The Need for Enhancing Hydro Capacity’. Shri R. K. Singh informed that India’s consumption of energy has been growing at an exponential pace. He stated that consumption is an index of development and hence increased energy utilization is an indicator of the evolution of our economy. The Minister highlighted […]

ESG Information must evolve in order to be used for robust financial analysis of a business

We need to know the goals set by the company on Climate Change actions and compare them with the best in class. We need the current status of the company on the roadmap towards such goals. Most importantly, we need a quantification of the risk of the company not addressing climate change actions, the cost […]

India and UAE signs a MoU to establish a framework to facilitate and enhance bilateral cooperation on climate action

Union Minister Bhupender Yadav meets with H.E. Dr Sultan Al Jaber, UAE Climate Envoy and Minister of Industry and Advanced Technology. Signs a MoU to establish a framework to facilitate and enhance bilateral cooperation on climate action. ​​​​​​​We need to prioritise the concerns of developing countries, particularly in areas of implementation support including finance and […]

Green Growth is the only viable option for India: Jayant Sinha to ETILC

If India continues on this old model of development, as the world moves from emissions of 36 billion metric tonnes to zero, we will go from 2.46 billion metric tons of carbon to 7 billion metric tonnes of carbon emissions by 2050.

India joins US-led coalition to clean up carbon-intensive industry

The First Movers Coalition, a public-private partnership to decarbonize hard-to-abate sectors, has announced an expansion, with more companies and countries on board. Two new sectors – aluminium and carbon dioxide removal – were also launched during a press conference at the World Economic Forum’s Annual Meeting. More than $85.7 billion was invested in climate tech […]

Developers increasing focus on ESG compliance: Experts

Almost 60% of respondents of CBRE’s 2021 Global Investor Intentions Survey (released in May 2021) stated that investors have already adopted ESG criteria as a part of their investment strategies, with the Americas, EMEA and Asia-Pacific displaying a stronger focus on these issues than in previous years.

Shri R.K Singh asks Chief Ministers of States and Lieutenant Governors of UTs to set up State Level Steering Committees for Energy Transition

Role of the State Governments is significant for successful implementation of reduction in emission intensity by 45% by 2030: R.K Singh said. Addition of Renewables, Promotion of Energy Efficiency, and use of biomass & green hydrogen are key to Energy Transition. He asked Chief Ministers of States and Lieutenant Governors of UTs to set up […]

Gujarat inks MoU to develop India’s first carbon market

The MoU was signed in the presence of Chief Minister Bhupendra Patel and officials from climate change and mines and industries department.

E-waste rules specify recycling targets, ‘trading’ in certificates

Consumer goods companies and makers of electronics goods have to ensure atleast 60% of their electronic waste is collected and recycled by 2023 with targets to increase them to 70% and 80% in 2024 and 2025 respectively, according to a draft notification by the Environment Ministry made public this week.

CEOs shift focus to sustainability and digital transformation: EY survey

The CEOs also recognise that data and innovation are critical for unlocking new paths to growth

The ESG rating conundrum

India must put forth its own regulatory framework to accredit ESG rating providers as universal consensus is a distant dream

BRICS countries may explore cooperation in solar energy, climate resilience: India

Addressing the meeting, Yadav highlighted the significance of BRICS nations in combating the global environmental and climate change challenges.

BRICS Countries may explore cooperation in Solar energy, industry transition, infrastructure and climate resilience: Shri Bhupender Yadav

Addressing the Meeting, the Minister mentioned about the significance and important role of the BRICS Nations while combatting the global environmental and climate change challenges. Shri Yadav highlighted historical responsibility of developed countries for consuming the carbon budget; equity at all scales in climate action and sustainable development; lifestyle and curbing unsustainable consumption, in mitigating […]

HCL Technologies steps up climate commitments Integrating more climate-related initiatives as part of a focused sustainability strategy

HCL Technologies (HCL), a leading global technology company, has stepped up its climate commitments. In a continued effort to reduce the climate impact of the company and as part of a focused drive to integrate sustainability initiatives, HCL Technologies has signed The Climate Pledge, received validation from the Science-Based Targets Initiative (SBTi), and is formally […]

How are companies accelerating their commitments to net-zero? 6 CEOs share their strategies

Fast-tracking the energy transition has never been more urgent: the latest IPCC report shows that climate breakdown is happening faster than expected and that the window to take action is closing fast. Businesses are ready to take responsibility to accelerate global efforts, boost investments, and advocate and support government actions and policies around climate, in […]

Embracing sustainable investing for good banking: ESG in BFSI

The pandemic, poverty, unemployment, rapid mechanization, and climate change are demanding an inclusive mindset and gigantic efforts to come up with a model of development that propels economic growth in a sustainable manner. It requires a holistic humane approach backed by sheer professionalism by all stakeholders.

Union Minister Dr Jitendra Singh says, leather industry in India will aim at net-zero carbon footprint to meet the environmental norm

Addressing the Platinum Jubilee celebrations of CSIR-Central Leather Research Institute in Chennai today, Dr Jitendra Singh said, the carbon footprint of leather processing activity needs to approach zero levels and the bio-economy of animal skin-derived products is the new mantra of the time. He said, the carrying capacity requirements of the leather sector in locations […]

IRENA executive sees India influencing world on renewable energy during G20 presidency

India will have significant opportunities to share its renewable energy policies, expertise, experiences and products with developing countries, driving international cooperation on the energy transition during its upcoming G20 presidency, a senior executive of the International Renewable Energy Agency (IRENA) said. 

India Inc improving ESG disclosures gradually

CRISIL’s environmental, social, and governance (ESG) risk assessment of 586 Indian companies across 53 sectors, based on fiscal 2021 data, indicates an improvement in the ESG scores of a majority of them compared with the previous year, driven by better disclosures and improved performance on various parameters.

Cabinet approves Amendments to the National Policy on Biofuels -2018

The existing National Policy on Biofuels came up during year 2018. This amendment proposal will pave the way for Make in India drive thereby leading to reduction in import of petroleum products by generation of more and more biofuels. Since many more feedstocks are being allowed for production of biofuels, this will promote the Atmanirbhar […]

Electrification not silver bullet for achieving carbon neutrality: OICA

OICA is an international trade association which comprises 39 national automotive industry trade associations. India’s auto industry lobby group SIAM is a member

Union Environment Minister Bhupender Yadav Addresses BRICS High Level Meeting on Climate Change

Union Minister of Environment, Forest and Climate Change, Shri. Bhupender Yadav participated in the BRICS High Level Meeting held virtually on May 13, 2022. Speaking at the BRICS high-level meeting on Climate Change, the minister highlighted the relevance of the forum to jointly address climate change, to explore approaches to accelerate low-carbon and resilient transition, […]

India central to transition to clean energy: US official

Speaking at an event organised by the DOE and thinktank Observer Research Foundation in the financial capital, assistant secretary for international affairs in the DOE, Andrew Light, said India will decide the global future of energy as well.

Pressure on making climate transition to rise: Chandra

Tata Group, India’s largest conglomerate, aims to achieve carbon neutrality in its operations as it aggressively rolls out a green growth strategy that includes electric vehicles, hydrogen and renewable energy. “Pressure on making the climate transition is only going to increase … deadlines will only get advanced going forward,” Tata Group chairman N Chandrasekaran said […]

GAIL awards contract to set up one of India’s largest PEM based Green Hydrogen project

The Project has been designed to produce around 4.3 Metric Tons of Hydrogen per day (approx. 10 MW capacity) with a purity of about 99.999 Volume %. It is scheduled to be commissioned by November 2023. In line with the vision of Atmanirbhar Bharat, the project has been awarded to a vendor having domestic value […]

Union Environment Minister delivers the National Statement at the 15th Session of the Conference of Parties of UNCCD

The Minister stated that several global developments indicate renewed and stronger resolve that provide direct and indirect support to the objectives of UNCCD, such as the launch of the UN Decade on Ecosystem Restoration (2021-2030) that aims at halting and reversing ecosystem degradation and loss. The importance placed on increasing area, connectivity and integrity of […]

Leading Oil PSUs come together to sign Tripartite-cum-Escrow Agreement for upcoming dedicated ethanol plants

The Oil Marketing Companies (OMCs) – Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India. The first set of Tripartite-cum-Escrow Agreement (TPA) was signed among OMCs, project proponents and Banks of the respective […]

Union Minister Shri Bhupender Yadav addresses United Nations Convention to Combat Desertification (UNCCD) Conference of Parties at its fifteenth session in Cote d’Ivoire

Union Minister Shri Bhupender Yadav addresses United Nations Convention to Combat Desertification (UNCCD) Conference of Parties at its fifteenth session in Cote d’Ivoire. Calls for integrating integrate community needs and synergizing the power of local and indigenous knowledge with the close assistance of science and technology. It is imperative that we collectively move away from […]

Shri Bhupender Yadav calls for need to strike balance between development on one side and pollution free environment

Shri Bhupender Yadav calls for  need to  strike balance between development on one side and pollution free environment. On the other end, we should always remember the fact that our utilisation of resources must be based on ‘Mindful and Deliberate Utilisation and not on ‘Mindless and Destructive Consumption’: Shri Bhupender Yadav. India’s environmental law and policy […]

SEBI constitutes advisory committee on Environmental, Social and Governance(ESG) matters

SEBI has constituted a committee for advising on ESG-related matters in the securities market for: 1. Enhancements in Business Responsibility and Sustainability Report (BRSR); 2. ESG Ratings and 3. ESG Investing

Meeting of the Parliamentary Consultative Committee for Ministry of Steel held at Shimla on “Transition towards Green Steel”

The Parliamentary Consultative Committee meeting for Ministry of Steel was convened on 6th May 2022 at Shimla to brainstorm on the topic “Transition towards Green Steel” under the Chairmanship of the Union Steel Minister, Shri Ram Chandra Prasad Singh. The Chairman urged upon the stakeholders to come together in development of a time bound action […]

India, Brazil agree to work towards developing bioenergy and biofuels

India and Brazil have agreed to work towards developing an Indian- Brazil Alliance for bioenergy and biofuels. This happened during the recent visit of Bento Albuquerque, Brazilian Minister of Mines and Energy to India.Indian Minister of Petroleum & Natural Gas Hardeep Singh Puri along with Albuquerque reviewed the long list of bilateral and international activities […]

Prime Minister’s meeting with Prime Minister of Sweden

In today’s meeting, the two leaders reviewed the progress made in our bilateral partnership. They also expressed satisfaction at the progress made by the Lead IT initiative. This was a India-Sweden joint global initiative to set up a Leadership Group on Industry Transition (LeadIT) in September 2019 at the UN Climate Action Summit to help […]

India–France Joint Statement during the Visit of Prime Minister to France

Seven years after the adoption of the Paris Agreement and the joint launch of the International Solar Alliance, India and France’s commitment to tackle climate change is stronger than ever, both on mitigation and adaptation. As renewable energy development is one of the key solutions for this transition, India and France reiterate their continued support […]

India’s lead role in the new wave of energy sector growth

The Indian government is rolling out “big bang” clean energy policies and reforms including the green hydrogen and green ammonia policy, production-linked incentive schemes in solar module and battery manufacturing, market based economic dispatch, general network access, green energy corridor schemes and privatisation of state-owned assets across distribution, generation, and transmission. Key trends among large […]

TCS APAC achieves net zero emissions ahead of 2025 target

Last year, the company announced plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70% by 2025 (over the 2016 base year), and to achieve net zero emissions by 2030.

Union Power Minister holds round table meeting with major German energy companies

Union Power Minister holds round table meeting with major German energy companies. Power Minister invites German energy companies to come and invest in India. India to add some of the largest capacities in battery storage, green hydrogen and green ammonia for our own purposes and for export: Shri R.K Singh. Significant opportunities in Offshore wind; […]

Power and NRE Minister Shri R.K Singh and German Minister for Economic Affairs and Climate Change sign agreement

The German Minister appreciated India’s ambitious plans for RE expansion and expressed his interest in opportunities for investment in offshore wind farms in India given German expertise in the same. Under the agreement which was signed today both countries  will establish an Indo-German Green Hydrogen Task Force to strengthen mutual cooperation in production, utilization, storage […]

India’s Science & Technology Minister Dr Jitendra Singh holds delegation level talks with his German counterpart Ms. Steffi Lemke, Federal Minister for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection in Berlin as part of the India-Germany Inter Governmental Commission

India today reiterated its commitment to environmental and climate causes and pointed out that we have launched National Hydrogen Energy Mission and several such initiatives to fulfil India’s commitment at COP 26 of achieving net zero emissions by 2070. On the 2nd day of his visit to Germany, Union Minister of State (Independent Charge) Science […]

Vedanta Aluminium announces long-term sourcing of 380 MW renewable power

Vedanta Aluminium, India’s largest producer of aluminium, has announced long-term sourcing of 380 MW of renewable energy for its Aluminium Smelters. 180 MW of this RE will be for the Aluminium Smelter at Jharsuguda, in Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, in Chhattisgarh. This will be carried out through […]

How India Inc. Uses Carbon Pricing & Science-based Targets to achieve high ambition targets

India’s energy and economic future is severely threatened by the climate crisis. With the rapid adoption of renewable energy, the transition is underway, and with the announcements of the Panchamrits by Prime Minister Narendra Modi at Glasgow,the country has laid out a five-fold strategy to align to the 1.5 degrees Celsius. India has announced 2070 […]

SES partners with Nasdaq to add ESG Performance Metrics for top 100 Indian firms

Stakeholders Empowerment Services (SES) has announced the inclusion of ESG Performance Metrics for the top 100 Indian companies on the Nasdaq Data Link Platform, a global cloud-based technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data.

HDFC Life becomes Signatory to United Nations – Supported Principles for Responsible Investment

HDFC Life recently signed up for the UN-supported Principles for Responsible Investment (PRI), epitomising its objective of sustainable growth and long term value creation. HDFC Life is committed to following the principles of Responsible Investment (RI). The Company believes that as an active asset manager for policyholders, who have entrusted their savings with HDFC Life, […]

Use of Plastic Waste in Iron and Steel Industries will Generate Wealth from the Waste; Union Steel Minister Ram Chandra Prasad Singh

Union Minister of Steel, Shri Ram Chandra Prasad Singh has said that Iron and Steel Industry will play a vital role towards making this planet pollution free. He was addressing the inaugural session of the Plastic Recycling Conference ,Asia 2.0 at Gurugram today. The Minister added that  together we must ensure the healthy quality  of air, […]

Tata Power among Top 10 sustainable companies in 2021; as per Capri Global Capital Hurun India Impact 50

Tata Power, one of India’s largest integrated power companies has been ranked among India’s Top 10 sustainable companies based on the strength of its alignment with the United Nations’ Sustainable Development Goals (SDGs) in 2021. The company’s sustainability effort has been recognized by the 2021 Capri Global Capital Hurun India Impact 50 ranking (No.3) for […]

Nearly every Indian organization struggling with meeting ESG goals: No Planet B study

The biggest challenges facing organizations, especially in India include obtaining ESG metrics from partners and third parties (35 percent globally and 51 percent in India), a lack of data (33 percent globally and 39 percent in India), and time-consuming manual reporting processes (32 percent globally and 46 percent in India).

Union Steel Minister Ram Chandra Prasad Singh meets DG-IRENA Fansesko La Chamera; discusses issues relating to use of renewable energy in Indian steel industry

Union Steel Minister Shri Ram Chandra Prasad Singh today met a high-level delegation from International Renewable Agency  (IRENA) in New Delhi, and discussed various issues relating to use of renewable energy in Indian steel industry. The delegation included Director General of IRENA Mr Fansesko La Chamera, his Deputy Ms Gauri Singh and others. The Minister […]

NTPC, India’s Largest Power Utility, Signs MOU with Energy Vault for Gravity-based Energy Storage Technology

MOU governs the formalization of a long-term strategic partnership for the deployment of Energy Vault’s EVx™ gravity-based energy storage technology and software solutions to support NTPC’s clean energy transition

ONGC inks MoU with Norway’s Equinor to collaborate on E&P, clean energy

Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with Equinor ASA, the Norwegian state-owned multinational energy company. The MoU was inked on 26 April 2022 in New Delhi for collaboration and partnership in areas of upstream Exploration & Production, midstream, downstream and Clean energy options, including Carbon Capture Utilization […]

L&T to Collaborate with IIT Bombay for Green Hydrogen Technology Development

Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, signed an agreement with the Indian Institute of Technology Bombay, the nation’s premier technology and research institution to jointly pursue research and development work in the Green Hydrogen value chain. Both the institutions have joined hands to contribute towards development […]

India and Maldives to establish transmission interconnection for renewable power transfer

A draft agreement is being prepared for MoU on transmission interconnection under which a technical team from India would visit Maldives to assess its technical feasibility. Thereafter a Detailed Project Report (DPR) would be prepared jointly with Indian and Maldives Agencies including undersea cable route survey and network augmentation in Male.

India’s Presidency of G-20 a golden opportunity for both India and IRENA on how RE can accelerate industry transition of hard to abate sectors without compromising the development aspirations of developing countries, leaving no one behind: Shri Bhupender Yadav

Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav met  H.E. Mr Francesco La Camera Director General, International Renewable Energy Agency (IRENA) here today. The dignitaries  IRENA’s can contribution in G-20 during India’s Presidency, and deliberated on other issues of mutual interest including strengthening engagement between IRENA and India.

Implementation of climate actions by developing countries is contingent to adequate delivery of climate finance, technology transfer, and other implementation support from the Developed Countries: Shri Bhupender Yadav

Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav met Her Excellency, Ms Aminath Shauna, Minister of Environment, Climate Change and Technology, Republic of Maldives here today. In the Meeting, they discussed issues relating to vulnerabilities of climate change, cooperation on climate actions, and follow-up to COP 26. Union Minister of Environment, Forest […]

India plans own uniform carbon trading market

An analysis by Deloitte Economics Institute showed the country could gain $11 trillion over 50 years by limiting rising global temperatures and realising its potential to ‘export decarbonisation’ to the world.

India could become carbon neutral before its 2070 goal, IRENA chief says

India’s focus on decarbonising its steel sector and developing offshore wind power will help it become carbon neutral ahead of its promised goal of 2070, the director-general of the International Renewable Energy Agency said.

India to meet half of its energy needs from renewable by 2030: NITI member

Speaking at an event here, Saraswat said, “Furthermore, India will also reduce the total projected carbon emissions by 1 billion tonnes from now onwards till 2030. By the year 2070, India will achieve the target of Net Zero”.

Study says 73% of ESG controversies due to business ethics

Business ethics have emerged as major reason for controversies, at 72.6%, both in services as well as manufacturing sectors, as per a research and analysis carried out by ESGRisk.ai with NSE 600 companies for the financial year 2020-21 (FY21).

VGL sets target to become Carbon Neutral in Scope 1 & 2 emissions by 2031

Vaibhav Global Limited (VGL) sets target to become carbon neutral in Scope 1 & 2 emissions by 2031. VGL has consciously incorporated sustainability aspects in its core policies and practices and these targets are milestones set to fulfill the purpose of ‘Delivering Joy’. VGL also aims to achieve Carbon Neutrality in Scope 3 emissions in […]

The platform will facilitate listing and trading a variety of sustainability products including Green Bonds, Voluntary Carbon, Sustainable Bonds, Green REITs, Green Equity

Shri R. K. Singh, Minister of Power & New and Renewable Energy, Government of India and President of ISA Assembly, and President of European Commission H.E. Ursula von der Leyen addressed Industry on Solar Energy Development at the ISA Headquarters during their visit to the International Solar Alliance (ISA) Secretariat in Gurugram today. The dignitaries […]

Germany in talks with India for broader green and sustainable development tie-up

Germany in talks with India for broader green and sustainable development tie-up: Official State Secretary of the German Ministry for Economic Cooperation and Development Jochen Flasbarth, who is on a two-day visit to India, held meetings with a number of officials from the Environment, Coal and the External Affairs Ministries.

Tata Power’s Blackrock Deal: Multiple Growth Triggers Remain

India’s renewable energy capacity will largely be added by major operating players given the capital-intensive nature of the business which requires access to massive funds at competitive terms. India has potential to attract a large part of this capital given its ambitious clean energy and decarbonisation targets.

Zomato offset about 500,000 metric tonnes of carbon emissions last year

Food delivery company Zomato said on Friday that it offset around 500,000 metric tonnes last year and has introduced 100 per cent plastic neutral deliveries.

Hindustan Zinc ‘Investing in our Planet’ for a sustainable future

The company is guided by the fundamental principles of conserving resources, negating the impacts of our ecological footprint and adopting policies that ensure zero harm to the environment

NSE to launch India’s first international ESG platform at GIFT IFSC

The platform will facilitate listing and trading a variety of sustainability products including Green Bonds, Voluntary Carbon, Sustainable Bonds, Green REITs, Green Equity

Report on Readiness of Indian Industries towards Climate Change Guidelines of COP26

The report highlights the findings of an extensive survey conducted with CXOs and sustainability leaders across nine industries to evaluate the readiness of Indian organizations to embrace and implement the climate change guidelines of COP26.

Joint Statement on meeting between Minister of Petroleum and Natural Gas of India and Minister of Mines and Energy of Brazil on Cooperation between India and Brazil in the Energy Sector, Bioenergy and Biofuels

The two Ministers reviewed the long list of bilateral and international activities and initiatives undertaken in the biofuels sectors in recent years, including the exchange of technical visits, the two editions of the Brazil-India Ethanol Talks, Symposium on Aviation Biofuels, launching of the Joint Working Group on Bioenergy Cooperation, Roundtable on India-Brazil Collaboration in Biofuels […]

Experts discuss road map for electric vehicle technologies at a brainstorming session

A comprehensive technology program is needed that includes the development of appropriate battery systems like a solid-state battery which can withstand the high ambient temperature in tropical regions. Besides, given the large scope of activities required to be conducted, and the need for suitable flexibility in program management, there is a need to organise research […]

An India-UK cooperation for sustainability and economic growth

Over a virtual panel discussion, the UK government’s Department for International Trade brought together experts and thought leaders from India and the UK to establish a constructive dialogue on the role of sustainable infrastructure development in economic growth

India’s first pure green hydrogen plant commissioned in Jorhat