Articles by sibi – MediaEye News

Sibi Sathyan

Articles by Sibi Sathyan

Microsoft Inks Deal for Biochar Carbon Removal Credits

March 29, 2024 10:46 AM

Microsoft signed a 6-year agreement with The Next 150, a climate solutions provider, to purchase 95,000 tons of carbon removal credits. Tech giant Microsoft is taking another step towards its ambitious goal of becoming carbon-negative by 2030 by signing a 6-year agreement with The Next 150, a climate solutions provider, to purchase 95,000 tons of

Rating Agency Confident India’s Steelmakers Will Reduce Carbon Footprint by 2030

March 27, 2024 10:55 AM

According to a survey by credit rating agency Crisil, domestic steel makers in India are on track to reach a key milestone in terms of carbon footprint reduction. The analysis, published on March 26, estimates that these companies will meet the global average for carbon emissions in steel manufacturing by 2030. This objective relates to

Europe Considering to Include Carbon Tax on LNG Imports

March 27, 2024 10:46 AM

The European Union’s (EU) effort for greener energy might substantially impact the worldwide liquefied natural gas (LNG) market. While LNG is presently excluded from the EU’s carbon border tax, the group is considering incorporating it, which might result in a two-tiered market with higher costs in Europe. The EU introduced its carbon border adjustment mechanism

India Govt Approves New Electric Vehicle Policy: Will Tesla Enter India?

March 16, 2024 5:15 PM

The policy mandates a minimum investment of ₹4150 crore ($500 million) with no upper limit on investment. Under this policy, companies are required to establish their manufacturing facilities in India within three years and start commercial production of EVs. The Indian government has approved a new Electric Vehicle (EV) policy to encourage electric vehicle manufacturing

Total Transition to Solar Power for Hyderabad Metro Rail

March 8, 2024 1:55 AM

L&T Metro Rail (Hyderabad) Limited (L&TMRHL), the entity behind the Hyderabad Metro Rail (HMR) project, intends to use solar power to meet all of its energy needs to become carbon neutral by 2040 and water neutral by 2035. To achieve these goals, L&TMRHL actively monetises carbon credit through the ‘Global Carbon Council’, transforming environmental responsibility

Indian Gas Aggregator Raises Rs 350 cr in pre-IPO round

March 8, 2024 1:53 AM

Matrix Gas & Renewables Limited, reportedly emerging as one of India’s fastest-growing gas aggregators, announced this week that it had successfully secured Rs 350 crore in a pre-IPO transaction. The firm is part of the Gensol Group, a well-known engineering solutions provider publicly traded on the Bombay Stock Exchange. Major investors in the pre-IPO round

Electric Vehicles May Pollute More, States Study

March 8, 2024 1:48 AM

Even though many people believe electric vehicles (EVs) are environmentally superior due to their decreased greenhouse gas emissions, a recent study found that they may emit substantially more particulate matter from their brakes and tyres than modern gas-powered automobiles with excellent exhaust filters. This is primarily owing to the heavier batteries compared to petrol engines.

Green FD of AU Small Finance Bank Supports Net-Zero

March 4, 2024 12:04 AM

Vivek Tripathi, Head of Human Resources, AU Small Finance Bank talks about Planet First – AU Green Fixed Deposit and its impact on investors, in an interaction with ESG Times. AU Small Finance Bank (AU SFB), India’s largest SFB, introduced its first Green Fixed Deposit in October 2023, called Planet First – AU Green Fixed Deposit, purposefully

JSW to Set Up EV Plant in Odisha

February 17, 2024 7:26 AM

This project includes the construction of a 50 GWH EV battery facility, EV manufacturing plants, a lithium refinery, a copper smelter, and ancillary component production units. Exactly a couple of months after launching a strategic joint venture with China’s Saic Motors, the JSW Group reached an agreement with the government of Odisha to invest Rs

Emirates NBD is the First Beneficiary of the DFSA ESG Fee Waiver

February 17, 2024 7:24 AM

For the first time, a fee waiver was offered by DFSA during COP28 to support capital markets in the Dubai International Financial Centre. In a pioneering move, the Dubai Financial Services Authority (DFSA) has given Emirates NBD Bank PJSC, a renowned Middle Eastern banking group, a ground-breaking fee waiver for listing sustainability-related debt securities. This