CLEAN MOBILITY GOALS
Budget 2024 may propel a key element of the Modi govt's Panchamrit goals
The Indian government has been prioritizing sustainability through clean energy for over half a decade to ensure economic growth. The Green Hydrogen economy, an integral part of the development factors, is a key focus in the country's energy sector. The Modi 3.0 budget could introduce new financial incentives, subsidies, and infrastructure investments to bolster this nascent industry.
NexGen Energia plans to invest Rs 15,000 cr over 10 yrs to open 5,000 green diesel, CBG pumps
NexGen Energia plans a Rs 15,000 crore investment to establish 5,000 green diesel and CBG pumps across India over the next decade. The initiative aims to reduce fuel imports by 30% and create jobs for 10 lakh people. The company also expands into electric vehicles with affordable two-wheelers and upcoming electric trucks and buses.
India’s climate dilemma will hang over PM Modi’s next five years
Prime Minister Narendra Modi aims to lead India into a 'green era' while grappling with a reliance on coal energy. He faces pressure to meet climate targets, including net zero emissions by 2070 and massive renewable energy goals.
New BJP MPs in Delhi credit PM Modi for victory, assert to fulfil promises
Newly elected BJP MPs in Delhi praised PM Narendra Modi for their victories and expressed confidence in BJP winning the Assembly polls next year, following a clean sweep in the Lok Sabha elections. Party leaders pledged to address the city's issues and planned for development initiatives and a focus on fulfilling the PM's vision. The MPs vowed to work diligently for the people of Delhi, emphasising trust in Modi's policies.
US, Indo-Pacific partners holding talks in Singapore on clean energy
The U.S.-led Indo-Pacific Economic Framework ministerial meeting in Singapore includes major firms joining a 'Clean Economy' investor forum to boost infrastructure and climate investments.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
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BPCL to invest Rs 1.7 lakh cr in core, new energy business
BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes, he said.
Govt keeping top EV makers accused of FAME subsidy misappropriation out of the new scheme: Report
EV makers face subsidy dispute. EMPS 2024 offers Rs 10,000 per two-wheeler. TVS Motor and Ather show notable sales growth in FY24, while electric vehicle manufacturers experience production decrease amid subsidy conflict.
ESG goals transitioned from mere discussions to essential elements in corporate landscape: Alok Verma, Ashok Leyland
ESG is impacting the business strategy of OEMs in multiple ways from demonstrating product stewardship on alternative fuels or battery electric vehicles to adopting better practices across operations.
For 3rd term, BJP eyes rooftop solar to get to the masses
BJP's plan for energy independence by 2047 includes rooftop solar outreach, 300 GW solar by 2030, and clean energy excellence center. They aim to challenge China's dominance in renewable energy sector.
Automakers embrace sustainability: Shift towards recycled materials, biodegradable parts for new models
Corporate-run scrap yards are coming up, creating a new industry of sorts of recyclable parts, while component manufacturers are replacing metal and plastic with innovative biodegradable material. Take Gurgaon-based Paracoat Products, which makes parts that dampen noise, vibration and harshness (NVH) in automobiles. Typically, such parts are made of plastic or wood. Now, the company is experimenting with jute sticks.
Maruti Suzuki looking at transporting more vehicles via railways to cut down costs and reduce emissions
Maruti Suzuki plans to increase railway transportation to cut costs and emissions. It has invested Rs 1081 crore to commission in-plant railway siding in Gujarat and aims to double production capacity to 4 million units per annum by the end of the decade.
India's remarkable journey towards energy transition
India’s energy transition journey has been remarkable. Setting up ambitious targets ahead of most countries, charting out pathways with enabling policies, schemes, and initiatives, revisiting/re-calibrating them in view of the learning, technology developments & their cost trajectories, etc., have been the underlying strands.
Post-COP28: Are financial strategies aligned with climate goals?
As India strives to meet ambitious emission reduction goals demanding $170 billion annually by 2030, a pressing reality looms large: a $44 billion yearly shortfall in climate finance.
Net-zero goal: India's interim budget focuses on green economy, climate investments
India aims to achieve net-zero carbon emissions by solarising rooftops of one crore households and providing viability gap funding for offshore wind energy. The government will mandate blending compressed biogas with natural gas for transport and domestic use. India plans to set up coal gasification and liquefaction capacity and support the e-vehicle ecosystem. The country will also launch a scheme for bio-manufacturing and bio-foundry, and implement measures for coastal aquaculture and mariculture. The government's initiatives aim to reduce emissions and promote green economic growth.
PM Modi-Emmanuel Macron talks: Boosting cooperation in defence, trade, students' mobility on agenda
Macron, who will grace the Republic Day celebrations at the Kartavya Path, will kick-start his two-day trip to India from Jaipur where he will visit the Pink City's stunning hilltop fort of Amber, the iconic Hawa Mahal and the astronomical observation site of Jantar Mantar.
COP28: 117 countries agree to triple renewable energy, to push out fossil fuels
The pledge was among a slew of COP28 announcements on Saturday aimed at decarbonizing the energy sector - source of around three-quarters of global greenhouse gas emissions - that included expanding nuclear power, cutting methane emissions, and choking off private finance for coal power. Led by the European Union, United States and UAE, the pledge also said tripling renewable energy would help remove CO2-emitting fossil fuels from the world's energy system by 2050 at the latest.
ICEd out: Why corporate mobility needs EVs now more than ever
Electric vehicles offer a promising solution not only for India's ageing petrol and diesel taxi fleet but also for companies aiming to meet their ESG goals through sustainable transport options. With a transition to EVs, tailpipe emissions can be made a thing of the past for companies which make this transition, putting the company’s ESG mission into overdrive.
Why India is witnessing rapid EV adoption
The behaviour of today's consumer plays a pivotal role in shaping the automotive landscape. Sustainability now stands among the top five criteria for a consumer to make the purchase decision, along with factors such as safety, brand reputation, and cost. This transformation is fuelled by heightened environmental awareness, spurring interest in EVs, and other sustainable transportation options.
In a warming world, clean energy stocks fall while oil prospers
The shares of a broad range of clean energy companies have been crushed lately, in a rout that encompasses just about every alternative energy sector, including solar, wind and geothermal power. At the same time, rather than weaning themselves off oil, Exxon Mobil and Chevron, the two biggest U.S. oil companies, are doubling down.
Top automakers readying clean tech to power up future vehicles
While two-wheeler makers such as Hero MotoCorp, Bajaj Auto, and TVS are looking to commercially launch one model each running on flex fuel by October 2024, carmakers such as Maruti Suzuki are developing vehicles powered by biogas which would be carbon neutral.
CSIR-NEERI plans grid-based strategy to combat Delhi's air pollution
The CSIR-National Environmental Engineering Research Institute (NEERI) on Saturday said it will develop a grid-based mitigation strategy to tackle the air pollution problem in Delhi. Presenting the plan during the India Clean Air Summit (ICAS) 2023 in Bengaluru, S K Goyal, Chief Scientist and Head, CSIR-NEERI, Delhi Zonal Centre, said: "We will develop a grid-based mitigation strategy, termed 'Local Area Management Plan' (LAMP), for each hotspot, for each season."
Netradyne’s ultratech road safety solutions for Indian fleet owners, Make in India dynamics and more
As India is transitioning to sustainable and inclusive mobility, safe mobility has emerged as a top priority, given the country’s record number of road fatalities. Here, David Julian, the CTO at Netradyne, takes us on a tech-powered track paving the way for next-generation safe mobility solutions in India through vision-based technology ‘Driver•i’ and other innovations.
CLASP collaborates with EESL to accelerate India's net zero transition
Under the partnership agreement, CLASP will support ceiling fans market transformation programme with technical assistance.
View: Ramping up energy efficiency ambitions in the G20 and beyond
The energy crisis is a strong reminder of the importance of energy efficiency. As global momentum grows, G20 countries have an opportunity to raise the ambition on energy efficiency, deliver on Sustainable Development Goal 7.3, and unlock many climate and development benefits.
G20 members agree to work on low-cost financing for energy transition
The G20 Energy Transition Working Group has agreed to work towards low-cost financing for energy transition technologies, further deployment of sustainable biofuels and advancing low-emission fuels. The members also agreed on a voluntary action plan for lowering the cost of finance for energy transition, sources close to the development told ET.
Success of world in facing the climate crisis will in part depend on decisions taken by India, says US
India's role in the world's success in combating the climate crisis is crucial, according to Donald Lu, Assistant Secretary of State for South and Central Asia in the US. Lu pledged to work with India and other countries to achieve the ambitious targets. India's Prime Minister, Narendra Modi, aims to create 500 GW of non-fossil fuel capacity in India by 2030. India wants to be the largest green energy exporter globally. The US and India have a solid bilateral partnership in the energy sector. They launched the "US-India Climate and Clean Energy Agenda 2030 Partnership" in April 2021, with two tracks: Strategic Clean Energy Partnership and Climate Action and Finance Mobilization Dialogue.
India chases clean energy, but economic goals put coal first
India's pledge to achieve carbon neutrality by 2070 leaves ample space for coal-powered generation to increase even as cleaner energy sources gradually take up a larger share of the energy mix. And a broad lack of regulation could mean far greater emissions before coal power peaks.
Micelio Mobility and NSRCEL, IIM Bangalore signed an MoU to help empower clean mobility startups in India
EVs are picking up steam in the Indian market but the Indian clean mobility industry is still young. This collaboration between Micelio Mobility and NSRCEL, IIM Bangalore will provide the critical support that clean mobility startups will need.
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