Articles by sibi – MediaEye News

Sibi Sathyan

Articles by Sibi Sathyan

JLR to Develop EV in China: Inks Pact with Chery

June 28, 2024 8:22 PM

JLR will license its Freelander brand, a Land Rover vehicle successfully produced from 1997 to 2015, for use in a new line of mainstream EVs. Tata Motors’ subsidiary Jaguar Land Rover (JLR) has signed a pact with China’s Chery Automobile Company to develop electric vehicles (EVs) in China. This collaboration builds upon an existing partnership.

Tata Communications Secures $250 Million Sustainability-linked Loan

June 20, 2024 9:56 PM

The five-year sustainability-linked loan (SLL) is the first of its kind for Tata Communications under their newly established SLL framework. Tata Communications, a leading Indian provider of enterprise communication solutions, has secured a $250 million loan that directly ties its borrowing costs to its environmental performance. The five-year sustainability-linked loan (SLL) is the first of

Offshore Wind Capacity of 410 GW to be Installed Over the Next 10 Years

June 19, 2024 10:39 AM

GWEC’s report pinpoints a significant acceleration in offshore wind installations towards the end of the decade, with two-thirds of the projected capacity coming online between 2029 and 2033. A new report from the Global Wind Energy Council (GWEC) forecasts the installation of 410 gigawatts (GW) of offshore wind power over the next ten years, exceeding

IFC Invests $105 Million in Brookfield’s Solar Project

June 18, 2024 1:42 PM

The IFC’s investment will be made through long-term loans allocated to the project’s special purpose vehicles and entities responsible for its implementation. The International Finance Corporation (IFC), the private sector arm of the World Bank, announced a $105 million investment in a major solar power project developed by Brookfield Asset Management in Bikaner, Rajasthan. The

Climate Cost of Russia – Ukraine War is $32 Billion, Says Report

June 18, 2024 11:01 AM

A new report by climate experts estimates that the war’s first two years generate greenhouse gas emissions equivalent to 175 million tonnes of carbon dioxide. The war in Ukraine is taking a huge toll on the environment apart from lives and infrastructure. A new report by climate experts estimates that the war’s first two years

Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%

June 13, 2024 9:59 AM

The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue. The European Union (EU) is raising tariffs on Chinese electric vehicles (EVs) in a bid to address concerns

Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives

June 10, 2024 11:50 PM

The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens. Renewable Energy Initiatives One of the core components of Vision 2030 is the ambitious goal to increase the share of renewable energy in the national energy mix.

Indian EV Company Wardwizard bags $1.29 billion order from Philippines

June 10, 2024 11:41 PM

The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models. Indian electric vehicle (EV) manufacturer Wardwizard Innovations & Mobility (WIML), known for its Joy e-bike, has secured a massive $1.29 billion order from Beulah International Development Corporation, a Philippines firm. The agreement,

Climate Change Health Risks for Vulnerable Groups: Urgent Need for Inclusive Action Plans

June 6, 2024 11:01 AM

Climate Change Health Risks for vulnerable groups are typically overlooked in climate action plans, despite the fact that they face significant health risks as a result of extreme weather events, air pollution, and rising temperatures. The health of pregnant women, infants, adolescents, and the elderly is significantly and under-reportedly impacted by climate change, as

DP World–Einride Unveil Largest Electric Freight Fleet

June 3, 2024 11:04 PM

An ambitious project DP World is expected to save an estimated 14,600 tonnes of CO2e (carbon dioxide equivalent) annually, marking a substantial step forward in the region’s commitment to sustainability About DP World In a groundbreaking initiative set to reduce carbon emissions in the Middle East region significantly, DP World, a Dubai-based leading provider of global smart end-to-end supply