CARBON ENERGY
Microsoft seals carbon capture deal with Occidental
Tech giant Microsoft on Tuesday inked a record carbon capture agreement with Occidental Petroleum subsidiary 1PointFive, as major technology companies grapple with the growing carbon footprint of artificial intelligence. The agreement follows a similar deal between Amazon and 1PointFive last year, which involved the purchase of 250,000 metric tons of carbon removal over a decade.
Green energy may power industries in-house demand: Eversource CEO Dhanpal Jhaveri
India's captive industrial power consumption, currently around 90 gigawatts from fossil fuels, has significant potential for renewable energy replacement, said Dhanpal Jhaveri, chief executive at Eversource, a green energy investment platform. Eversource, a partnership between Everstone and Lightsource BP, sees global climate policies like the EU's carbon footprint taxes driving this shift. Industrial giants like ArcelorMittal, JSPL, JSW, and Vedanta are investing in renewable energy for captive use to align with global climate goals.
ONGC to invest Rs 2 lakh cr to meet net zero emission target
State-owned Oil and Natural Gas Corporation (ONGC) will invest around Rs 2 lakh crore to achieve net-zero carbon emissions by 2038. The investment will focus on renewable energy sites, green hydrogen plants, and eliminating gas flaring. ONGC, which produces a significant portion of India's crude oil and natural gas, outlined its plan in a 200-page document. By 2030, ONGC will invest Rs 97,000 crore in renewable energy projects, including solar and offshore wind.
SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities
Greenko Group's subsidiary, AM Green, and SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, have signed a Memorandum of Understanding (MoU) for a long-term renewable energy supply agreement. Under the agreement, SGEL will provide 4,500 MW of carbon-free energy to power AM Green's forthcoming green ammonia facilities.
Google buys stake in Taiwan solar power firm owned by BlackRock
Investing in New Green Power in Taiwan, I drive sustainable energy solutions for manufacturers, reducing Scope 3 emissions. This aligns with my commitment to carbon-free operations and environmental sustainability, supporting solar capacity growth in the region.
World Bank lends $1.5 billion push to power green hydrogen market
India's energy transition supported by the World Bank includes green hydrogen promotion, renewable energy scaling, and grid code amendments for enhanced integration of battery energy storage solutions.
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Divine Power Energy, Petro Carbon and Chemicals, and Akiko Global Services are offering their shares to investors, aiming to raise funds for various purposes. The IPO market is thriving with these new issues, providing opportunities for Qualified Institutional Buyers, Retail Investors, and Non-Institutional Investors to participate in the offerings.
Adani Group to invest $100 billion in energy transition, says Gautam Adani
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
Auto emission norms to get stricter, make cars costlier
India's automakers face stricter carbon emissions norms, requiring a 30% reduction over three years or penalties. The Bureau of Energy Efficiency (BEE) proposed CAFE 3 norms effective from April 2027, with CAFE 4 norms following. CAFE 3 aims for 91.7 gm CO2/km and CAFE 4 for 70 gm CO2/km. Automakers get a five-year transition to CAFE 4, but compliance challenges remain, including pricing affordable low-emission vehicles. Penalties for non-compliance are stiff, encouraging more fuel-efficient cars.
Uzbekistan's ambitious green economy drive: New Bonds, air quality initiatives, & corporate collaborations
In October 2023, Uzbekistan issued its first international sovereign bonds for green financing, raising UZS 4.25 trillion (about USD 336 million). Additionally, the government is launching a nationwide initiative to measure and monitor air quality, driven by President Shavkat Mirziyoyev. This includes installing automatic air monitoring stations, supported by local businesses like Uzum, which is installing monitors at its locations in 30 cities. These efforts aim to provide real-time air quality data to address pollution effectively.
Kolkata Metro to get battery power for moving stranded train
Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.
From chimneys to skies: NTPC explores sustainable aviation fuel
NTPC is exploring sustainable jet fuel production by mixing carbon captured from its thermal power plant and green hydrogen. The company aims to set up 100,000 tonnes annual capacity at an upcoming green hydrogen hub in Andhra Pradesh.
Environment Day: Noida Airport to have 8-acre forest with local species, 133-hectare green area
Noida International Airport (Google Trends): The Noida International Airport CEO Christoph Schnellmann has emphasized a net-zero emissions philosophy. With 580 trees transplanted and an eight-acre forest reserve, biodiversity preservation is a priority. The airport's eco-friendly initiatives include renewable energy and innovative technology to reduce carbon emissions, paving the way for a greener future in Indian air travel.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
Solar investment outstrips all other power forms: IEA
Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report.
Cairn Oil & Gas targets net zero by 2030
Cairn Oil & Gas, part of Vedanta Group, aims to achieve net zero by 2030 through renewable energy initiatives like sourcing 70 MW of renewable energy and installing solar rooftops in Rajasthan and Gujarat. Moreover, the group also aims to achieve net zero by tree planting.
EU carbon tariff: India preps for a fight at WTO
India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
Why there is an urgent need for data centres to go green
Data centres are significant consumers of electricity, using approximately 2% of the world’s power and emitting CO2 that is equivalent to the airline industry, a high carbon intensive business.
In-house solar power generation saving 2,300 tons of CO2 across RRTS corridor: NCR transport body
The solar power plants are now operational at the Guldhar and Sahibabad RRTS stations, each having a peak power capacity of 729 kilowatts (kWp), as well as at the Duhai Depot and Duhai Depot station with capacities of 585 kWp and 108 kWp respectively, it said.
EKI Energy to provide carbon credit services to Azerbaijan-based FARI Solutions
EKI Energy Services will provide carbon credit services for clients of Azerbaijan-based FARI Solutions, managing the entire carbon credit process in Azerbaijan.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
India sets sights on global renewable ammonia market, takes strides towards sustainable energy leadership
India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals.
$215 trillion to save the planet is a bargain
By 2100, the permanent loss from additional warming under a “business as usual” scenario would rise to 52%, representing trillions of dollars in economic destruction.
Orb Energy launches its first 35 MW ground-mounted solar park in Karnataka
Orb Energy, a key player in the Indian solar power industry, has launched its first 35 MW ground-mounted solar park in Arsikere, Hassan district. The park, which spans 110 acres, delivers 5.24 crore units of green power and reduces 45,000 tons of carbon dioxide annually. Orb Energy plans to develop and commission around 400 MW of solar parks for SMEs across India by the end of the decade, with an investment of around Rs 2,000 crore. The company's innovative solar park model allows enterprises to purchase plots and own their own solar sub-arrays within the park.
Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
America is joining its frenemies back in the fossil fuel club
US President Joe Biden imposed tariffs on Chinese clean technology imports to support the US clean technology industry against China's dominance.
Flight to sustainability: How microgrids are transforming airports into green energy hubs
Airports worldwide are increasingly investing in microgrid technology as a strong strategic solution that allows them access to continuous, localised, and self-reliant power supply.
Why it’s so hard to track the fashion industry’s emissions
The fashion industry, responsible for 2% of global greenhouse gas emissions, struggles to reduce its carbon footprint.
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