Page 16 - Green Energy

SC's intervention positively impacted Taj city's environment: Activists

The 'Green Activists' of the Agra city on Monday said that the cumulative impact of dozens of pollution abatement measures at the intervention of the SC has made Taj city environment cleaner

Legal issues in green finance need to be cleared up

The central bank has identified renewable energy, waste management, clean transport, energy efficiency, and afforestation as projects to be funded from green deposits

Green energy to agri, winners of Startup India to get 'handholding support'

As a part of the handholding exercise, multiple virtual and physical sessions, delegations, showcases, and programs of specialised support will be organised

India, EU should use trade council for stable green energy supplies: Frans

European Union's climate policy chief Frans Timmermans on Thursday suggested using the India-European Union Trade and Technology Council to have access to technology and raw material necessary for stable green energy supplies to fight the climate crisis. On the first day of his two-day crucial diplomatic mission to India to discuss developments on emission reductions and clean energy transition, Timmermans also called for collectively setting a renewable energy generation goal on the international stage. Addressing the 'Confederation of Indian Industry Annual Session 2023' here, he said the whole nature of the cooperation between the EU and India should be focused on how "we create the instruments that will allow us transform our economies and societies in a way that we create sustainable jobs". "If you want to depend more on sustainable energy, you have to develop systems which create stability in energy supplies which means battery systems and green hydrogen systems for which you

India, only major economy close to meeting Paris Agreement goals: Report

Balancing the energy trilemma, the report shows that India's policy reforms have fostered stability, and accessibility and is on the track for green transition

Investments in green energy now 70% higher than in fossil fuels: IEA

The Paris-based agency said that the war in Ukraine has accelerated momentum behind the deployment of clean energy technologies

Innovation plays critical role in reducing emissions: OPEC Secy Gen

"We need to focus on 'all-peoples, all-fuels and all-technologies' approach for the energy transitions,'' he noted

Green energy to hold a third of REC's loan portfolio by 2030: CMD

The management also said its growing exposure to green energy sector, non-power sectors, such as infrastructure, logistics and irrigation aided its growth plans

India's G20 Presidency, opportunity for financial institution, says Bhalla

India's G20 Presidency is an opportunity for offshore wind countries, businesses, and financial institutions to work together for clean energy transition ambitions, New & Renewable Energy Secretary Bhupinder Singh Bhalla said. As part of the third Energy Transition Working Group (ETWG) meeting under India's G20 Presidency, Ministry of New and Renewable Energy (MNRE) in collaboration with the Global Wind Energy Council (GWEC) and National Institute of Wind Energy (NIWE) convened a high-level event 'Harnessing Offshore Wind for Accelerating Energy Transition: The Way Forward' on Tuesday in Mumbai', an official statement said. The event brought saw a gathering of government representatives, financial institutions and senior domestic and international industry representatives. The event emerged as a platform for the exchange of urgent priorities for bolstering offshore wind deployment in India and globally - permits and clearances, supply chain resilience, low-cost financing, capacity

Saint-Gobain signs PPA with Vibrant Energy for 189 GW of green power

Construction and industrial products major Saint-Gobain has signed a power purchase agreement (PPA) in India with Vibrant Energy to provide wind-solar electricity to six local sites

Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share

The new electric scooter is likely to miss on features like the 7-inch TFT touchscreen and auto-hold. The feature of riding modes may also be omitted to bring costs down

Biju Patnaik Airport inaugurates 4 MW solar plant, switches to green energy

The airport is committed to continuously reducing energy consumption and carbon footprint through various initiatives

NTPC, IOC try 'ITC diversification strategy' to craft plans for clean fuels

Like tobacco major, the state-owned power generator and fuel retailer are seeking to transition from toxic fossil fuel businesses to green energy but rely on those margins to grow these new ventures

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

The International Civil Aviation Organization last year adopted a target to cut emissions to net zero by 2050, and SAF has long been seen as the industry's fastest way to reduce emissions

We have set a target of 60GW of renewable by 2032: NTPC Green's Bhargava

"The broader objective is that our renewables portfolio should be as large or as close to our coal-based portfolio by 2050," said NTPC Green Energy CEO Mohit Bhargava

Sri Lanka to introduce new laws to achieve green economy: President

The President noted that Sri Lanka will take the lead in ensuring that the developing economies receive the resources to mitigate climate change

Adani Group aims to raise about $800 mn for financing green energy projects

Any project financing could show banks' increasing comfort in extending money, after Adani's ports-to-power conglomerate was roiled by accusations of corporate fraud by Hindenburg Research

Green hydrogen company Ohmium raises $250 mn to help address climate change

In what could prove a milestone for an industry that hopes to help address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels. Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement without contributing to climate change. That's been largely theoretical, but real world examples are now growing. Just four or five years ago, a company working on clean hydrogen from water would not have been able to raise several hundred million dollars, said Daryl Wilson, executive director of the Hydrogen Council. But now there's rapid growth and demand for it, and a broader recognition that it's key to addressing climate change, he said. Mark Viehman, a hydrogen and clean fuels expert at the consulting firm Capgemini, called $250 million a very impressive fundraise, and said its own recent resear

European Union agrees to boost green fuels for aviation, cut emissions

New rules requiring airlines to use more sustainable fuels across the European Union have been agreed by negotiators from member countries and the EU Parliament in a bid to help decarbonise the sector. The European Commission, the bloc's executive arm, said Wednesday that the deal reached by member states and the European Parliament demands that suppliers blend sustainable aviation fuels with kerosene in growing amounts from 2025. The move is expected to reduce aircraft carbon emissions by two-thirds by 2050 compared to a no action' scenario, and provide climate and air quality benefits by reducing non-CO2 emissions," the Commission said. The aviation sector accounts for 13.9 per cent of transportation emissions in the EU, making it the second biggest source of greenhouse gas emissions in the sector after road transport, the Commission says. If global aviation were a country, it would rank in the top 10 emitters. The political agreement is part of the EU 's Fit for 55 package, whic

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030