Environment

Market discovered carbon price more effective for emission reduction

The carbon price discovered in a market with stakeholders from various sectors trading under a transparent and stable policy regime will contribute to the development of a robust carbon auditing ecosystem in line with international norms

Government extends solar parks scheme till March 2026

The reasons for delay in establishing Solar Parks include challenges in acquisition of clear land, mismatch in timelines between solar projects and power evacuation infrastructure, environmental issues like Great Indian Bustard issue, and regulatory challenges like non-approval of solar tariff by SERCs

The green transition won’t happen without financing for developing countries

Multilateral development banks and the IMF should offer to pool currency risks

Joe Biden et al write: Climate change and poverty are our era’s existential battles

Poverty reduction and protection of the planet are converging objectives. We must prioritise just and inclusive transitions and leverage all sources of finance, including official development assistance, domestic resources and private investment. Collective climate finance goals must be met in 2023 including our total global ambition of $100 billion of voluntary contributions for countries most in need​

MC Explains: Why are pumped hydro storage projects on the agenda of governments, companies?

The central government recently sped up the permission process for pumped storage projects in the country. State governments have also signed MoUs for setting up PSPs. Moneycontrol explains why governments are so invested in this hydropower technology.

Green Journey: Infosys, Association of Tennis Professionals launch ‘Carbon Tracker’

The Carbon Tracker features a dashboard that shows players what their travel related emissions are across multiple seasons – enabling deeper understanding and analysis of travel choices.

Climate Change: Homes need to turn into batteries to beat the summer power crisis

Global warming is altering the nature of power demand in the summer, and we’ll lose if we are only treating the symptoms, rather than the cause. Building technology that keeps homes insulated from the daytime heat will reduce the need for overnight cooling

India shouldn’t allow EU FTA talks to remain hostage to the carbon border levy

New Delhi should use the forthcoming discussion with the EU to resolve the CBAM problem instead of escalating the issue to WTO

Al Jaber's Dilemma for COP 28: Deliver finance and phase-out fossil fuels

Al Jaber has a huge challenge ahead given the failure of parties to agree on the Mitigation Work Program, vital to achieving Paris Agreement goals, at Bonn. The only way to save COP28 is for him to find ways of delivering on climate finance, the lack of which is the biggest hurdle to global efforts on climate action

Exclusive | Amid high production, coal mines grapple with storage issues

The stock pileup has forced some mines to curtail production. Fewer railway rakes for timely transportation and spontaneous combustion, forcing the sprinkling of water to cool the coal, affecting its quality, are exacerbating the storage challenge

The Soros’s billions can unite the climate fight, especially in agriculture 

If managed wisely, the world’s farmland may be able to draw down as much CO2 as the total amount emitted from the transportation sector, or nearly as much as the global electricity industry. This is where Alex Soros can seize high-tech investment opportunities that could help modernise farming and help reduce emissions

Global heat records are falling. A little panic might be in order

Soaring temperatures this spring should spur governments to finally live up to their pledges to curb fossil-fuel use

Biparjoy Explained: Cyclones on the rise in the Arabian Sea, what does it mean for India?

Biparjoy, which made a landfall on Gujarat's coastal areas on Thursday, is the latest example of how high sea-surface temperatures are making cyclones more frequent and severe off the country’s west coast.

The Green Pivot: Will India’s green energy dreams face a severe capital crunch?

India will have to compete with the US and the EU in attracting capital to its green energy sector 

India should revive its stranded thermal power plants, not invest in new ones: IEEFA report

NTPC can also explore the burgeoning market for carbon credits trading to further improve returns from repurposed projects, the report said

Climate Change: Get ready for carbon capture's second coming

A decade or so ago, many had thought of carbon capture and storage as the best hope for decarbonising the world’s power systems. A business that was always viable technologically has finally found an economic rationale with a number of markets now offering more than $70 a metric ton, which is the viability threshold 

Viability Gap Funding (VGF) of Rs 6,800 crore likely for offshore wind projects: Govt sources

In the 50 GW-per year trajectories set out for bidding of renewable energy (RE) projects, the government has also exclusively mentioned that bids of 10 GW have to be from wind energy every year.

With Rs 12,000 crore investment, SECL aims to make Gevra coal mine largest in the world

The Gevra coal mine beat Indonesia's Sangatta coal mine to be Asia largest mine in FY 23 itself. Beyond the 70MT expansion plan, SECL wants to hit 100MT coal production from Gevra as its notified reserve is 900MT.

Climate Change: The 36-year-old treaty slowing the Arctic meltdown

Governments came together in 1987 to sign the Montreal Protocol to address the problem of CFCs eating away at the Ozone layer. That agreement has been a resounding success, and a template for subsequent climate accords. It has prevented an additional 443 million cases of skin cancer by 2100  in US alone and the Arctic Ocean’s first ice-free summer will come about 15 years later

Number story: India chucks around 3,800 tonnes of PET plastic a day

More than 14 lakh tonnes of PET plastic, in which bottled water is typically packaged, is consumed annually in India. It works out to more than 3,800 tonnes on a single day.

Bonn climate conference | 'Climate finance for developing countries is a major bottleneck'

Climate activist Harjeet Singh on the Bonn climate meet, climate finance and the responsibilities of developed countries, and the loss and damage fund.

Explainer: Everything you need to know about the ongoing Bonn Climate Change Conference

The climate meeting was meant to set the course for the future, but new buzzwords and old demands dominate talks

Pumped storage projects get fast-track approval from Central Electricity Authority

At least 39 PSPs totaling 47 GW are being pursued for commissioning by the years 2029–2030.

Investors pull support for green and social measures amid political pressure

Climate and human rights proposals receive fewer votes in 2023 corporate proxy season