ENERGY SAVING MEASURES
Wind energy company Radia reveals the ‘world’s largest aircraft’; here is how it will impact the renewable energy sector
Radia aerospace has revealed the ‘world’s largest aircraft’ which will change the wind energy sector in many ways. There are many logistical concerns and high financial cost incurred on installing wind turbines. This aircraft seeks to mitigate some of these challenges.
Penna buy to help Ambuja Cem widen reach, boost margins
After acquiring Penna Cement Industries, Ambuja Cements stock fell by 1% to close at ₹657. The acquisition strengthens Ambuja's presence in southern, eastern, and western markets.
Shrink the economy, save the world?
Degrowth remained on the fringes of the fringe for decades, until increasing awareness about global warming percolated into public debates in the early aughts.
Macro policy choices unclear, but work cut out on reforms agenda
In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%.
US Fed's favored inflation measure remains unchanged in April
The US Federal Reserve's key inflation gauge, the PCE price index, remained steady in April, indicating that interest rates are likely to stay high throughout the summer. Services prices, a major factor, remained elevated. The current inflation trend reduces the likelihood of early rate cuts and complicates President Joe Biden's reelection message on the economy. Despite expectations of moderating inflation later in the year, Fed officials, like New York Fed President John Williams, see no urgency in changing policy now. Personal income eased slightly in April, with personal savings remaining steady.
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.
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Best PVC Curtains for AC in India to Keep Your Room Cool (2024)
Are you looking for PVC curtains for your home or shop? If so, then continue reading this article, where we have curated a list of the best PVC curtains for AC in India. All of these options are rated highly by their users and are readily available on Amazon. Find the one that suits you best and place your order using the given buying link.
Bureau of Energy Efficiency plans norms to make more products energy efficient
The power ministry body, which works on improving energy efficiency of electronic products, also plans to revise the energy efficiency levels of ten existing star-rated products such as refrigerators, ceiling fans, room ACs and distribution transformers this year to push manufacturers to launch more energy-efficient products. Over the next three years, it will make energy labelling norms compulsory for products such as LPG stoves, microwave ovens and induction hobs, which are voluntary at present, said Bakre.
Apple supplier Foxconn among firms asked to cut power use in Vietnam
The request for energy-saving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary and aimed at averting a repeat of last summer when power shortage led to over a billion dollars in lost output.
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.
For clear air, go nuclear
Global nuclear energy pivotal for decarbonisation and achieving net-zero targets. India's indigenous nuclear program aims to triple capacity by 2032. Embracing nuclear energy could lead to substantial emissions reductions and cost savings.
China wants everyone to trade in their old cars, fridges to help save its economy
China's trade-in plan for electric vehicles aims to boost growth amid trade tensions. The initiative includes upgrading machinery, fiscal support details pending, and a focus on environmental standards and recycling networks.
‘We are energy nerds.’ People are obsessing over home electricity gadgets
The relationship between utility and customer is usually a one-way street: The utility offers a price, the consumer pays it and uses the energy supplied.
Developers step up focus on green buildings
According to Xynteo's Build Ahead, a business-led initiative focused on scaling decarbonising efforts in India, consumers are willing to pay 5-10% premium for green-certified homes. Mahindra Group recently partnered with Johnson Controls for a net zero energy buildings initiative to decarbonise India's commercial, urban residential and public buildings.
More than just an index and it's not Nifty: A collection of stocks suitable for trading and investing alike
Out of 50 stocks, only 5 of them have delivered negative returns in the last one year. Out of these 5 stocks, three stocks belong to one industrial house which faced headwinds early last year. 7 stocks have delivered more than 100 percent return, 4 stocks have gained between 80 to 100 %, 8 stocks have gained between 60 to 80 %, 5 stocks between 40 to 60 %, 12 stocks have gained between 20 to 40% and 9 stocks have gained between 0 to 20%. So, if you have focussed only on these 50 stocks out of a total universe of more than 3000 stocks which are traded, the probability that you would have been able to make money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time would have been met. The reason why is stocks? Most retail traders have a tendency to trade with bullish bias and prefer taking long positions rather than going short even when markets are not so bullish.
Budget 2024: India needs investment appetite for green energy
There is an urgent need to increase RE capacity addition from the present level of 15 GW per year to 50 GW per year, along with a tripling of investments. The upcoming Union Budget 2024 is an opportune time to make suitable provisions for increasing the investment appetite in the sector.
Energy Efficiency Services inks 5 initial pacts to boost energy efficiency, renewables
State-owned Energy Efficiency Services Ltd (EESL) has signed initial pacts with strategic partners to boost energy efficiency and renewables in India, aligning with G20 and COP28 commitments. The collaborations aim to double energy efficiency and triple renewable energy, supporting the Nationally Determined Contributions and global goals.
Action on energy demand can save global economy $2 trillion a year: WEF
A new World Economic Forum (WEF) study suggests that reducing energy demand intensity can unlock annual savings of at least USD 2 trillion for the global economy by the end of this decade. This can also boost growth and reduce greenhouse gas emissions. The report, supported by over 120 global CEOs, suggests that the right policy frameworks can unlock growth, productivity, save companies cash, deliver a competitive advantage, and reduce emissions.
Property developers prioritize green developments
To deal with the extreme climate change builders are focussing on conserving water by recycling it and using it for flushing and landscape, harvesting rainwater, radiation free building structures, green materials, and recycling organic waste and segregating waste on the development so that the amount of waste sent to the landfill is only 20 % of the standard amongst others.
Cut fossil fuel use to save millions of lives, health experts say
Climate campaigners, researchers and health policymakers said phasing out the use of fossil fuels was vital to saving millions of lives each year and called on governments to address the link between emissions and air quality, and include measurable goals or targets.
Over 110 countries set to join COP28 deal to triple renewable energy
A declaration endorsed by nations ranging from the United States to Ghana to Japan and several European countries said nuclear energy plays a "key role" in reaching the goal of carbon neutrality.
UN chief, COP28 president clash over future of fossil fuels
U.N. Secretary General Antonio Guterres pressed for a fossil fuel-free future at COP28, countering President al-Jaber's stance. Guterres emphasized the necessity to cease all fossil fuel usage for achieving the 1.5-degree limit. King Charles III urged urgent environmental action, differing from UK policies. Indian PM Modi criticized wealthy nations' historical emissions. Ex-President Heine resigned over the UAE's support for fossil fuels, disputing COP28 integrity. Meanwhile, draft options for COP28 deal include phasing out fossil fuels and subsidies, with discussions on carbon capture and renewable energy.
Water conservation is good for world and saves cost for companies, say industry leaders
Companies can contribute to water conservation efforts, reduce costs, and enhance their sustainability practices by adopting water conservation practices on their shopfloors.
Here's When The Clocks Change in the UK in 2023
On Sunday, October 29, 2023, at 2 a.m., Britons will set their clocks back one hour, signalling the official end of British Summer Time (BST) and the return to Greenwich Mean Time (GMT).
A guide to help India’s industry deal with the decarbonisation challenge
Indian industries face rising costs as they look to meet domestic and international demand while transitioning to lower-carbon operations. A new guide launched by the Energy Efficiency Movement can help them use energy efficiency to meet the challenge.
Can IT stocks stand up to the bears and save Nifty?
Despite the fact in the last one year, only negative things have been said about IT companies, look at their stocks performance. Except one large IT stock which had been a perennial under performer, most of the other IT stocks are not very far from the highs they had touched almost two years back. Infact relative performance of some IT is far better than many of the stocks and sectors which have been headlines. While it might be contrarian buy, there is high probability that IT stocks perform better than most in bearish market conditions. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Striking the right chord: Sustainability steals the show at music festivals
"Sustainability isn't something that's nice to have; it's a mandate. And it's the right thing to communicate to our audience so that they start thinking about it as well," says Bacardi NH7 Weekender director Tej Brar.
Pakistan to shut markets by 8 pm to save electricity
Pakistan's federal and provincial governments have unanimously decided to shut markets by 8 p.m. across the country as part of the efforts to conserve energy, Planning Minister Ahsan Iqbal said.
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