Petronas Inks Deal with ADNOC, Storegga to Assess Carbon Storage in Malaysia
The three companies have signed an agreement to assess the CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage facilities in the Penyu basin, offshore Peninsular Malaysia.
UAE’s Etihad Rail Launches Sustainable Finance Framework for Green Investments
This framework aims to facilitate the issuance of green bonds, which will be instrumental in securing funds for lower-carbon infrastructure projects such as clean transportation, green buildings and pollution control.
World Bank Issues $225M Bond to Fund Amazon Reforestation
The 2033 bond provides investors with a coupon that includes a fixed guaranteed component and a variable component linked to the generation of carbon removal units from reforestation projects in the Amazon rainforest regions of Brazil.
Delhi’s IGIA Becomes 1st Indian Airport to Get Net Zero Carbon Emissions Status
The facility, managed by GMR Group, became the first airport in India to achieve “net zero carbon emission airport status, a level 5 certification, under the Airport Council International’s carbon accreditation program.
Government Allocates $95.2M to Create Model Solar Village in Every District
The outlay is part of PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on Feb. 15, 2024. It aims to transform India’s energy landscape by providing free electricity to households.
Deadly Haj Heatwave Linked to Climate Change, Scientists Warn
The findings suggest that without human-caused climate change, temperatures during the Hajj would have been approximately 2.5°C (4.5°F) cooler.
Tokenized Carbon Credits To Power $100 Billion Market By 2030
Major financial institutions are leveraging Fils’ platform to process payments that automatically offset carbon emissions associated with their business activities.
Dubai Flood: Is It Climate Change or Cloud Seeding?
While the exact cause remains under debate, several factors likely contributed to the extreme weather event including climate change.
Mahindra Group to Invest ₹1,200 Crore in Hybrid Renewable Energy Project
Mahindra Susten will lead the project’s development, partnering with global investor Ontario Teachers’ Pension Plan Board as a strategic partner.
Europe Launches Probe into Chinese Wind Turbine Subsidies
Margrethe Vestager, the EU’s anti-trust chief, announced the probe, citing worries that Chinese state subsidies grant unfair advantages to their wind turbine producers.