Articles by sibi – MediaEye News

Sibi Sathyan

Articles by Sibi Sathyan

$12 Trillion Funding is Crucial for Global Renewable Energy Expansion: COP28 President

Sultan Al Jaber, the president of COP28, emphasised that the $12 trillion investment is not just a sum of money but a global commitment. This investment is crucial to triple the world’s renewable energy capacity by 2030, a goal that will profoundly impact the world’s future. In his speech at the annual Petersberg Climate Dialogue,

UK-India FTA Halted Due to Carbon Tax Cites Report

A team of Indian officials has been in London, engaging in crucial discussions about the terms of the Free Trade Agreement (FTA). The ongoing negotiations for this FTA, a significant economic event that could shape the future of trade between these two nations, are facing a potential roadblock over a proposed carbon tax, as a

Mahindra Group to Fund Hybrid Renewable Energy Project with ₹1,200 Crore

Leading Indian conglomerate Mahindra Group recently announced that it intends to invest ₹1,200 crore to build a 150 MW hybrid solar and wind power project in Maharashtra. This project represents a significant advancement for Mahindra Susten, a division of the Mahindra Group devoted to renewable energy solutions. Mahindra Susten will lead the project’s development, working

Environmental Watchdog SBTi Permitting Businesses to Use Carbon Credits to Reduce Scope 3 Emissions Sparks Controversy

A recent policy change by the Science Based Targets initiative (SBTi), the primary global verifier of corporate climate targets, has caused controversy. The reason behind the contention is to achieve net-zero targets, the organisation will permit businesses to use carbon credits to offset their Scope 3 emissions, including those from throughout the value chain. The

Europe Launches Probe into Chinese Wind Turbine Subsidies

Margrethe Vestager, the EU’s anti-trust chief, announced the probe, citing worries that Chinese state subsidies grant unfair advantages to their wind turbine producers. The European Union (EU) has ignited a potential trade dispute with China by announcing an investigation into subsidies allegedly received by Chinese wind turbine manufacturers. This move reflects a growing concern within

The RBI’s Groundbreaking Decision to Open Doors for Foreign Investments in Green Bonds Speeds Up India’s Environmental Revolution

The Reserve Bank of India’s (RBI) recent landmark decision to allow international investors in the International Financial Services Centre (IFSC) to invest in Sovereign Green Bonds (SGrBs) is a significant stride in India’s environmental agenda. This move has the potential to reshape the trajectory of environmental sustainability in India by providing a fresh stream of

Adani Green is now India’s first company to surpass 10K MW of operational renewable energy capacity

Adani Green Energy Ltd. (AGEL) has emerged as the first business in India to reach 10,000 MW of operational renewable energy capacity. This significant achievement was made possible by commissioning a 2,000 MW solar plant at Gujarat’s massive Khavda Solar Park. Thanks to its accomplishments, AGEL is leading India’s shift to renewable energy. The 10,934

Tesla Wants to Build an Electric Vehicle Factory in India

The electric vehicle (EV) company Tesla is looking for locations in India to establish a production facility, according to a Financial Times report. The anticipated cost of the proposed facility is between $2 billion and $3 billion. The report further cites that Tesla appears to be concentrating on well-established auto centres in Tamil Nadu, Gujarat

Smartphone Maker Receives 90,000 Orders for its Inaugural Electric Car within One Day of Launch

After just 24 hours of its launch, smartphone manufacturer Xiaomi received an incredible 90,000 orders for the SU7, its first electric car, stirring up the electric vehicle (EV) sector. Consequently, Xiaomi’s share price on the Hong Kong Stock Exchange has increased significantly due to its aggressive entry into the EV industry. Beyond its well-known dominance in the

UN Agencies: About 1.3 Billion Tonnes of Food Wasted Yearly

New research from the United Nations Environment Programme and the Food and Agriculture Organisation, already being discussed, provides a bleak picture of global food waste. It finds that one-third of all food produced is wasted each year. This equates to nearly 1.3 billion tonnes of food lost or wasted each year, enough to feed billions