Masdar, EGA form Alliance for Low-Carbon Aluminium
Masdar, Abu Dhabi’s Flagship Clean Energy Company, and Emirates Global Aluminium (EGA), the Largest ‘Premium Aluminium’ Producer in the World Forms Aluminium Decarbonization Alliance.
UK-India Free Trade Deal Stalled Over Carbon Tax: Report
India has proposed a variety of options, ranging from a longer transition period to a complete exemption, arguing for special consideration as a developing nation.
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.
GPS Renewables Secures $50 Million in Debt Financing
The company has previously raised $20 million in equity funding from Neev Fund II by SBICap Ventures, Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian Impact Investments.
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.
Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.
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.
RBI’s Move to Allow Foreign Investments in Green Bonds Accelerates India’s Green Revolution
The government has a stated target of raising ₹20,000 crore (US$2.4 billion) via SGrB issuance in FY24, with ₹12,000 crore (US$1.4 billion) planned to be raised in the first half of FY25.
Hyundai and Kia Partner with Exide for Local EV Battery Production in India
Hyundai and Kia aim to localize their EV battery production in India, with a particular focus on Lithium-iron-phosphate (LFP) cells.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.