Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.
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%.
UAE Announces Blue Visa for Environmentalists
The Blue Residency visa targets individuals actively advocating for environmental causes. It covers sustainability efforts inside and outside the UAE.
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.
Will Europe Launch Carbon Tax on LNG Imports?
The EU launched its carbon border adjustment mechanism (CBAM) in October 2023, initially targeting specific industries like steel and aluminum. While LNG isn’t included for now, the bloc has extended its Emissions Trading Scheme (ETS) to shipping.
India Revs Up Green Hydrogen Integration for 24/7 Power Security
India is accelerating its green hydrogen integration strategy with CfD models to ensure 24/7 clean energy access, aligning with PM Modi’s vision for global leadership in hydrogen production and export.
UAE Extends Year of Sustainability to 2024: Building on COP28 Momentum
The announcement came on the occasion of the National Environment Day
Budget 2024: Nirmala Sitharaman Announces Greener Plans for India
The minister has committed substantial funds to enhance the green energy sector, emphasizing the utilization of solar power and India’s extensive offshore wind energy potential.
Will India Achieve It’s Target of 40 GW Rooftop Solar Under ‘Pradhanmantri Suryodaya Yojana’?
Currently less than 1 million households produce 2.2 GW of rooftop solar electricity in India. With this scheme, the installed capacity of rooftop solar can be reached up to 22 GW