Volvo Revs Up for Hydrogen Trucks: Trials Begin in 2026
These trucks utilize High Pressure Direct Injection (HPDI) technology. A small amount of ignition fuel, potentially renewable hydrotreated vegetable oil (HVO), is used to start the engine before switching to hydrogen.
Kia Unveils New EV3 Electric SUV with 600km Range
This compact SUV is scheduled for a South Korean launch next month, with European markets following by late 2024.
Carbon Pricing Generates Record $104B Revenues in 2023, Says World Bank
There’s been a positive rise in carbon pricing adoption, particularly among middle-income nations like Brazil, India, and Turkey.
India Needs to Increase Renewable Energy Push to Meet 2030 Target, Report Warns
The report proposes lowering the GST on hydropower components from the current range of 18-28% to 12% and reducing the GST on wind projects from 12% to 5%.
Diageo to invest €100 Million to Decarbonize Historic Guinness Brewery
The goals include achieving 100% renewable energy use, net-zero carbon emissions in direct operations, and a 50% reduction in indirect emissions from suppliers.
Mahindra to Invest ₹12,000 Crore for EV Unit
The company also announced an extension to the investment timeline for British International Investment (BII). BII, a UK-based investor, had previously committed to investing up to ₹1,925 crore in MEAL.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.
Malaysia to Hold First Auction of Domestic Carbon Credits in July
The credits will come from the Kuamut Rainforest Conservation Project, a Sabah-based initiative protecting and restoring over 83,000 hectares of tropical rainforest.
Trade War: US To Introduce New Tariffs On Chinese EVs
The official announcement is scheduled for Tuesday. The specifics remain undisclosed and the White House declined to comment.
Renewables Power 30% of Global Electricity, Says Ember
Ember’s findings show a significant increase in renewable energy generation in 2023, up from 29.4% the previous year. This growth is attributed primarily to a rise in solar power projects, which significantly boosted overall renewable capacity.