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.
American State California to Say Bye to Crude Oil
Exxon Mobil and Chevron, the two leading U.S. oil producers, will officially announce a combined $5 billion devaluation of their California assets in their upcoming fourth-quarter reports.
Abu Dhabi’s ADNOC to Invest Dh 84 Billion for Decarbonization
Abu Dhabi National Oil Company reinvests Dh178 billion into the UAE economy in 5 years; Dh84 billion into decarbonization efforts.
Green Tech, ESG and Sustainability Requirements to Shape Credit Outlook in 2024: Moody’s
Moody’s identified six key trends – Green Technology and Disruptive Innovation, Complex ESG Policy Landscape, Rising Physical Climate Risks, Climate Finance Gap in Emerging Markets, Focus on Environmental Degradation and Reshaping the Future of Work – will shape credit strength in 2024
Impact Bonds Slump In 2023 Globally, Expecting Rebound In 2024
Higher interest rates, a global economic slowdown, and rising costs are cited as the primary reasons for the drop
Growing Sustainability Awareness Drives Feminine Hygiene Market at a CAGR of 7.4%, Says Study
Rising environmental consciousness drives women towards sustainable choices, favoring biodegradable, chemical-free products made from natural materials
UK to Implement Carbon Import Levy on Certain Goods by 2027
The carbon border adjustment mechanism (CBAM) will be applied to carbon-intensive products and it will be determined based on the carbon emissions in the production of imported goods and the gap between the carbon prices in the country of origin and the UK
New ADNOC Projects To Operate With Net Zero Emissions
ADNOC’s Hail and Ghasha offshore development project will operate with net zero carbon emissions.