Daily News Wrap-Up: Battery Technology Company Enevate Secures $81 Million in Funding
Here are some noteworthy cleantech announcements of the day from around the world: Enevate, a U.S.-based battery technology company, has secured an investment worth $81 million in a Series E ...
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 ...
Gold Miners Need to Cut Harmful Emissions by 80% by 2050 to Meet Paris Climate Goals
Gold miners need to shift rapidly to renewable power generation sources to decarbonize the sector to be in line with the Paris Agreement's global warming target of 1.5°C, the World ...
India Forms Committee to Oversee Implementation of the Paris Agreement
The Ministry of Environment, Forest and Climate Change (MoEFCC) has constituted a high-level inter-ministerial Apex Committee for the Implementation of the Paris Agreement (AIPA). The Secretary of MoEFCC will lead ...
Infosys Announces Carbon Neutrality
Infosys, a leading Indian information technology company, announced that it has become carbon neutral 30 years ahead of the Paris Agreement's target year of 2050. In June 2020, Infosys signed ...
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for ...
Another Japanese Bank Says No to Financing New Coal-Powered Projects
Japan-based Sumitomo Mitsui Financial Group Inc (SMFG) has decided not to provide support to the newly-planned coal-fired power projects. The policy change will come into effect from May 1, 2020 ...
U.S. Begins Year-Long Withdrawal Process from Paris Climate Change Accord
The United States government has said that it has submitted its formal notification of withdrawal from the Paris Climate Change Agreement to the United Nations, starting the one-year-long process. President ...
ISA and Commonwealth Join Hands to Promote Solar Power in Member Countries
The Commonwealth of Nations and the International Solar Alliance (ISA) have signed a Memorandum of Understanding (MoU) to expand solar power in the Commonwealth member countries. The agreement was signed ...
Singapore’s United Overseas Bank Says No to Coal Lending
In a decision taken at its annual general meeting held recently, the United Overseas Bank (UOB), Southeast Asia's third-largest finance group and Singapore’s third largest bank, has said that it ...
India Extends $1.4 Billion Aid to Maldives, Joins Hands to Promote Renewables
The President of the Republic of Maldives was on a state visit to India recently. The visit has been fruitful for India’s renewable energy sector as the country has found ...
European Union to Join Hands with India for the Growth of Sustainable Technologies
The European Union (EU) has issued a joint communication to the European Parliament and the Council through which the EU aims to reinforce EU-India strategic partnership, build a strong partnership ...
YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India
YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
Hydropower Projects Delayed in India Due to Complex Clearance Procedures
Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has ...
Central Electricity Authority Releases Draft National Electricity Plan for 2017-2022
The Central Electricity Authority (CEA) has released the draft National Electricity Plan (NEP) for the five-year period starting 2017 and ending 2022. The plan forecasts incremental energy savings through improved ...
India Ratifies Paris Climate Change Agreement
On October 2, 2016, India became the 62nd country to ratify the Paris Agreement. The agreement requires every ratifying member country to come up with a national plan to curb ...