Carbon

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Global Energy Decarbonization Needs $1 Trillion Additional Investment Every Year

Decarbonizing the global energy system will need over $1 trillion more every year, over and above the current level of capital financing, said UK-based asset manager,...

March 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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US Announces $2.5 Billion Funding for Carbon Capture Technologies

The U.S. administration’s Department of Energy (DOE) has announced $2.5 billion in funding for two carbon management programs to significantly mitigate the carbon...

February 24, 2023

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Gourav Mishra

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Finance and M&A

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Other
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Green Hydrogen Can Help India Save ₹1 Trillion on Fuel Imports by 2030

Union Minister of Renewable Energy and Power R. K. Singh informed the Rajya Sabha that the government aims to reduce a total of ₹1 trillion (~$12 billion) worth of...

March 17, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Researchers Find a Way to Make Low-Cost Perovskite Solar Cells at Scale

Researchers at Swansea University in Wales, United Kingdom have established a low-cost and scalable carbon ink formulation capable of unlocking the potential for the...

March 16, 2023

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Gautamee Hazarika

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Solar

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Technology
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Indian Oil Forms Subsidiary to Expand Green Energy Businesses

Government-owned oil marketing company Indian Oil Corporation (IOC) has said it would consolidate its current green assets under one umbrella to bolster the expansion...

March 16, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Essar to Invest $3.6 Billion in Energy Transition Projects in UK and India

Multinational conglomerate Essar Group has launched the Essar Energy Transition (EET) initiative with an investment of $3.6 billion to develop a range of low-carbon...

February 27, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Toyota to Acquire Renewables Developer to Achieve Carbon-Neutral Goals

Toyota Tsusho Corporation, the trading arm of the Toyota Group, inked an agreement with Japan-based renewable energy developer SB Energy, a subsidiary of SoftBank Group...

February 16, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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European Union Parliament Passes Law to Ban Fossil Fuel Cars by 2035

The European Parliament has approved a law that effectively bans the sales of new petrol and diesel cars in Europe from 2035 to accelerate measures to cut 100% of carbon...

February 15, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Qcells to Develop Solar Projects for Microsoft in the US

Solar cell and module manufacturer Qcells and global technology company Microsoft Corporation have entered a strategic partnership to supply over 2.5 GW of solar modules...

February 1, 2023

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Gourav Mishra

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C&I

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Markets & Policy

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Solar
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Daily News Wrap-Up: REC India Commits ₹10 Billion for Renewable Projects in MP

Here are some noteworthy cleantech developments from around the world: REC India, a central public sector undertaking under the Ministry of Power, signed a memorandum of...

January 13, 2023

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Gourav Mishra

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Other

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Renewable Energy
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EU’s New Carbon Deal Will Accelerate Exporters’ Transition to Renewables

The members of the European Parliament have reached a deal to implement the Carbon Border Adjustment Mechanism (CBAM) effective 2023, to incentivize non-EU countries to...

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EU Reaches Deal on Major Carbon Market Reform to Cut Emissions by 2030

European Union (EU) member states and parliamentarians have agreed on a major reform to the bloc’s carbon market or emission trading system (ETS) to reduce...

December 19, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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US Loans $2.5 Billion to Ultium Cells for Lithium-ion Battery Manufacturing

The U.S. Department of Energy (DOE) announced the closing of a $2.5 billion loan to Ultium Cells, a joint venture between General Motors (GM) and LG Energy Solutions, to...

December 16, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Jindal Stainless Inks Pact with ReNew Power to Develop 300 MW Renewable Project

Jindal Stainless has signed a contract with ReNew Power to develop an approximately 300 MW utility-scale captive renewable project to power its facilities in Jajpur,...

December 5, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Installed Capacity of Heat Pumps to Grow 2.6 Times to 2,600 GW by 2030: IEA

The sales of heat pumps are expected to soar to record levels this decade as countries look to shift away from fossil fuel dependence for heating requirements, primarily...

December 7, 2022

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Gourav Mishra

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Other

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Renewable Energy

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