Cabinet Approves ₹197 Billion National Green Hydrogen Mission
The Union Cabinet has approved the National Green Hydrogen Mission to facilitate demand creation, production, utilization, and export of green hydrogen with an initial outlay of ₹197.44 billion (~$2.3 billion) ...
EU Reaches Deal on Major Carbon Market Reform to Cut Emissions by 2030
European Union (EU) member states and parliamentarians have agreed on a major reform to the bloc's carbon market or emission trading system (ETS) to reduce emissions and encourage investments in ...
India Could Attract $1.6 Trillion for Developing Technology to Tackle Climate Change
The steadily rising temperatures due to climate change could create investment opportunities worth $1.6 trillion by 2040 in alternative and innovative energy-efficient technologies used to keep spaces cool, a new ...
EU to Speed Up Permissions and Deployment of Renewable Projects
The European Union energy ministers have agreed on a temporary framework, valid for 18 months, to accelerate the permit-granting process and the deployment of renewable energy projects. The European Council ...
Study Says Faster Renewable Adoption Can Cut Emissions by Half
A new study by Columbia University reveals that building the infrastructure for cleaner energy generation will by itself create carbon emissions. A huge chunk of the energy required for the ...
India Announces Long-Term Low-Carbon Development Strategy at COP27
At the UN Climate Change Conference (COP27) in Egypt, India unveiled a multi-pronged strategy to achieve low-carbon growth, which includes expanding and stabilizing the renewable electricity grid, phasing down coal, ...
Climate Plans Aimed at Limiting Global Temperature Rise Remain Insufficient: Report
Climate plans are bending the curve of global greenhouse gas emissions downward but remain insufficient to limit rising temperatures to 1.5°C as set out in the 2015 Paris Agreement. According to ...
Renewable Energy Jobs Globally Reach 12.7 million, Asia Accounts for Two-Thirds
Worldwide employment in renewable energy reached 12.7 million in 2021, an increase of 700,000 new jobs despite economic setbacks resulting from Covid-19 and the growing energy crisis. According to a ...
India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030
The Union Cabinet has approved the Nationally Determined Contribution (NDC) as part of the global response toward climate change goals as agreed under the Paris Agreement. The NDC will be ...
1.5°C Goal is Alive but, its Pulse is Weak: COP26 Concludes
The 2021 United Nations Climate Change Conference (COP26) concluded with nearly 200 countries agreeing with the Glasgow Climate Pact to keep the target of limiting global warming to 1.5°C. For ...
Climate Analytics Provider Jupiter Raises $54 Million in Series C Funding
Jupiter, a US-based climate analytics company, has raised $54 million in a Series C funding round led by Clearvision Ventures and MPower Partners. CDPQ and the company’s existing investors, including ...
China was Second-Largest Source of Green Bond Issuance in 2020
A report released by Climate Bonds Initiative (CBI) and China Central Depository & Clearing Research Centre (CCDC Research) has said that China was the second-largest source of green bond issuance ...
US Solar Industry’s New Goal Increased from 20% to 30% of Power Generation by 2030
The Solar Energy Industry Association (SEIA) has increased its target for Solar+ Decade to account for 30% of overall power generation in the United States by 2030. The previous target ...
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report
A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
Rapid Cuts in GHG Emissions Needed to Limit Global Warming to 1.5°C: IPCC
Limiting global warming to close to 1.5°C or even 2°C will be impossible unless there are immediate, rapid, and large-scale reductions in greenhouse gas (GHG) emissions, the Intergovernmental Panel on ...
About 45% of EU Firms Have Reported Investments to Fight Climate Change: EIB Report
European Investment Bank (EIB) recently published the report "European firms and climate change 2020/2021: Evidence from the EIB Investment Survey". The report sheds light on how European Union (EU) firms ...
Daily News Wrap-Up: ADB and IIFL Home Finance to Promote Green Housing in India
Here are some noteworthy cleantech announcements of the day from around the world: Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) inked an agreement for a $1 million ...
Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020
A group of nine multilateral development banks (MDBs) have published a report on Climate Finance 2020. The report reveals that the MDBs provided a total of $66 billion towards green ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Daily News Wrap-Up: Biden Pledges to Cut U.S. Greenhouse Emission to Half by 2030
Here are some noteworthy cleantech announcements of the day from around the world: At a global summit on climate change, U.S President Joe Biden pledged to ensure that the United ...
IT Major Wipro Pledges Net-Zero Greenhouse Gas Emissions by 2040
Information technology giant Wipro Limited has pledged to achieve net-zero greenhouse gas emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C ...
Floating Solar Projects Could Help Reduce Impact of Climate Change on Lakes
According to a new study, floating solar farms could help protect lakes and reservoirs from some of the harms of climate change. Scientists from Lancaster University and the University of ...
Daily News Wrap-Up: REC Limited Raises $500 Million Through Dollar Bond Issue
Here are some noteworthy cleantech announcements of the day from around the world: State-run rural electrification company REC Limited has raised $500 million through a bond issue under its $7 ...
IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore
The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
Europe to Lead the Way in Green Energy Transition, Says MIT Report
The MIT Technology Review, in association with Citrix, Morgan Stanley, and Salesforce, has come out with a new report named the 'Green Future Index' that has ranked 76 countries on ...
