Climate Change

The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.

When one company captures a unit of carbon from the atmosphere using some green technology (this process is called carbon sequestration), it can generate a carbon offset. Other companies can then purchase that carbon offset to reduce their carbon footprint.

India’s Energy Efficiency Services Ltd has agreed to provide technical advisory, project management, contracting and implementation support for energy efficiency programmes in Indonesia, Malaysia, and Thailand.

Prime Minister Narendra Modi today launched India Energy Week 2023, a three-day event connecting India’s energy stakeholders with international counterparts to collaborate for a responsible and smart energy transition on India’s road to net zero. Addressing the gathering, the Prime Minister said India is today the world’s most suitable place for investment. He called upon the stakeholders to explore every possibility in India’s energy sector and get involved with it.

India’s largest crude oil and natural gas company has signed an agreement with global energy giant Shell for joint study on carbon capture, utilization and storage.

Today, following the ESG (environmental, social and governance) mandate is more than just ticking off a box in the compliance checklist. It is taking ownership of the consequences of the businesses and working towards creating a positive impact by partnering with the right groups.  

EKI Energy and First Source Energy have launched a joint venture entity that will drive focused educational initiatives while also mobilising funds from global markets for sustainable climate projects across the globe.

The Gujarat-based solar manufacturer has pledged to become fully carbon neutral by 2023 and achieve net-zero status by 2030.

EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.

A new report looks at the current status of climate finance for cleantech startups in India. It highlights the opportunities and challenges and presents potential solutions to accelerate climate tech finance in the country.