Net-Zero Ambitions at Risk as $30T Funding Gap Threaten Climate Goals: WEF
Global industry faces rising pressure to accelerate decarbonization as hard-to-abate sectors grapple with rising costs and demand check.
Coal-Driven Steel Boom in India Risks $187B in Stranded Assets, Report Warns
India’s coal-based steel expansion faces $187 billion stranded asset risk, jeopardizing net-zero goals and global green steel leadership.
O2 Power Inks Deal to Supply 100 MW Renewable Energy to East Central Railways
O2 Power has signed a PPA with East Central Railways to supply 100 MW of clean energy from its installed base spread across Rajasthan, Gujarat and Karnataka.
Mercedes-Benz Drives Sustainability Strategy with Focus on Six ESG Principles
Mercedes-Benz’s ambitious sustainability strategy focuses on electrification, circular economy, human rights, safety, digital ethics and employee well-being.
Baku Secures $1.3tn Climate Finance Deal at COP29 to Aid Developing Nations
Azerbaijan’s COP29 secures $1.3 trillion climate finance pledge, redefining global efforts to support developing nations.
Global Climate Accord Secures Milestone as Article 6 Operationalized at COP29
Global climate diplomacy unlocks Article 6, paving the way for high-integrity carbon markets and enhanced international cooperation.
Andhra Pradesh Eyes $12B Investment in Clean Energy for Net Zero by 2047
AP Chief Minister Chandrababu Naidu unveils the Integrated Clean Energy Policy to promote renewable energy projects and employment.
BPCL, Mumbai Port Authority to Launch India’s 1st Green Fuel Ecosystem
This initiative aims to significantly reduce greenhouse gas emissions and contribute to the country’s climate change goals.
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’s $1.5 Billion Loan Boosts India’s Green Hydrogen Dreams
This loan marks the second round of support from the World Bank, following a similar $1.5 billion granted in June 2023.