GLOBAL RENEWABLE
Nervous investors tear up ESG playbooks in election supercycle
In 2024, global elections spark an anti-green trend affecting ESG investments. Marine Le Pen and Trump's influence reshape the environmental landscape. Utility stocks gain prominence amidst shifting policies and investor sentiments.
India fossil fuel consumption up 8% in 2023
The report suggests that five key stories emerge from the 2023 data, starting with record global energy consumption, with coal and oil pushing fossil fuels and their emissions to record levels. "Global primary energy consumption overall was at a record absolute high, up 2 per cent on the previous year to 620 Exajoules (EJ). Global fossil fuel consumption reached a record high, up 1.5 per cent to 505 EJ (driven by coal up 1.6 per cent, oil up 2 per cent to above 100 million barrels for first time, while gas was flat)," said the report.
Mahindra group may join hands with global players for cell production in India: MD Anish Shah
Mahindra Group plans partnerships for local battery cell production to meet future electric vehicle demand in India by 2030. CEO Anish Shah confirms global technology and private equity interests for funding, focusing on indigenous production. Mahindra Electric's listing is slated for after 2030, anticipating market maturity and infrastructure growth for EV adoption despite current challenges.
Turn the tap off, slowly: Abruptly ending fossil fuels will impact lives badly; here's what to do instead
Climate policy - like any policy - should be the democratic outcome of a deliberation of the benefits of cutting emissions versus the costs. Climate science tells us about some of these benefits, but tells us nothing of the costs that climate economics does.
Global wind installation growth pace slows on rising costs
Global wind power growth expected to slow in 2024 due to rising costs, limited infrastructure, and policy uncertainty, with installations increasing by almost 6%.
Blue Bloods: Is Paramount planning another season and spinoff after CBS cancellation?
CBS Entertainment President Amy Reisenbach recently announced the cancellation of "Blue Bloods." Tom Selleck, the iconic star of the series, expressed his disappointment over the news. The show will air its final eight episodes this December.
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.
Continuum energy to raise $650 m via bonds
Continuum Green Energy, a renewable energy generator, plans to raise $650 million in bonds to refinance existing debt, with Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers.
Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The China trade is more tactical and opportunistic.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
Jakson Green secures Rs 60 crore funding from HSBC India
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, the company said.
Jakson Green secures Rs 60 crore funding from HSBC India
This sustainable trade facility from HSBC India underscores Jakson Green's unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.
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.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
National Grid to raise $9 bln in biggest UK rights issue since 2009
National Grid's 7 billion pounds rights issue for energy networks aligns with UK's decarbonisation goal. CEO John Pettigrew assures stable regulatory framework. Shares drop over 10% amid political risk concerns in the sector.
$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.
'Global interest in India encouraging for local industry': Sanjiv Puri
Sanjiv Puri, chairman of ITC, highlighted the global interest in the Indian economy at the CII Annual Business Summit 2024, emphasizing India's success in the digital economy and renewable space sector, showcasing public-private partnerships for global success.
India leader in Green Energy Affordability, says MNRE Secretary
India's Renewable Energy Secretary Bhupinder Singh Bhalla underscored India's leadership in renewable energy affordability at the World Hydrogen Summit 2024 in Rotterdam. Bhalla emphasized India's efficient grid infrastructure for integrating renewable energy and assured the global industry of India's capability to scale production with adequate market demand and support. He highlighted that 43% of India's current installed electricity capacity comes from non-fossil fuels, with expectations to reach 50% by 2030, reflecting India's robust renewable energy strategy.
India showcases its green hydrogen potential at World Hydrogen Summit 2024 in Netherlands
India at World Hydrogen Summit 2024 presents progress on green hydrogen. Pavilion by Ministry of New and Renewable Energy highlights COP26 commitments. Aims for 45% emissions intensity reduction by 2030, striving for net-zero emissions by 2070.
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