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How Private Equity can Optimize ESG for Value Creation?

Posted by ESGNEWS Team - November 14, 2024

Private equity firms can position portfolio companies as sustainability leaders, attracting a wider range of…

Global South Must Accelerate Climate Action Mitigation: CEEW

Posted by Sonal Desai - November 14, 2024

The Global South index indicates that advanced economies have made significant efforts in climate mitigation…

India Launches Platform to Accelerate Green Energy Transition

Posted by ESGNEWS Team - November 14, 2024

The platform will assist states in creating energy transition blueprints, project implementation, and fostering innovation…

MDBs Pledge $120B Climate Finance

Posted by ESGNEWS Team - November 14, 2024

Multilateral development banks (MDBs) have pledged $120 billion in climate finance for countries to achieve…

COP29 Discuss Benefits of International Carbon Market Standards

COP29 Leaders Discuss Benefits of International Carbon Market Standards

Posted by ESGNEWS Team - November 13, 2024

Three COP 29 leaders emulate how International Carbon Market Standards and the actual implementation will…

India’s First CO2-to-Green Methanol Plant Announced

Posted by ESGNEWS Team - November 13, 2024

Ohmium International, Breathe Applied Sciences, Spirare Energy, and JNCASR have collaborated for India's first CO2-to-Green…

Banks, Insurance Sector Crucial to Sustainability

Posted by ESGNEWS Team - November 12, 2024

Banks and insurance sectors received scores below 50% in the GEM evaluation, indicating a need…

Corporates Power Drive Climate Change Solutions

Posted by ESGNEWS Team - November 11, 2024

100 CEOs and executives from the Alliance of CEO Climate Leaders urged world leaders to…

ISA Aims to Unlock $1 Trillion in Solar Investments by 2030

Posted by ESGNEWS Team - November 8, 2024

ISA is focusing on green hydrogen partnerships, conducting readiness assessments in Egypt, Morocco, Namibia, and…

India’s Climate Policies Can Reduce 4 Billion Tons of CO2 emissions

Posted by ESGNEWS Team - November 8, 2024

India's current climate policies on the power, transportation, and residential sectors can reduce about 4…

Diageo India Details Positive drinking, Inclusion, Diversity, and Sustainability in New ESG Report

Posted by Sonal Desai - November 7, 2024

Diageo India's ESG Reporting Index 2024 showcases the company's progress in its "Spirit of Progress"…

Akshaya Patra Foundation Kitchens to be Solar Powered

Posted by Sonal Desai - November 7, 2024

ReNew Power will invest about Rs 2 crore to solarize the Akshaya Patra Foundation kitchens,…

IFC’s $400 Million Support to Bajaj Finance Fund Raising Initiative

Posted by ESGNEWS Team - November 7, 2024

The funding for Bajaj Finance aims to support women-owned microenterprises, improve access to climate finance…

NetApp Appoints Pamela Hennard as Chief DEI Officer

Posted by Sonal Desai - November 7, 2024

Pamela Hennard who has served as the Vice President, Global Talent Acquisition, NetApp, will foster…

Key Highlights from ISA Annual Assembly

Posted by Sonal Desai - November 5, 2024

The seventh session of the ISA Annual Assembly re-elected India as the President, and discussions…

TPREL, IndusInd Bank to Issue Solar Energy Finance to MSEs

TPREL, IndusInd Bank for Solar Energy Finance to MSEs

Posted by Sonal Desai - November 5, 2024

Through loans ranging from ₹ 10 lakh to ₹ 2 crore, TPREL and IndusInd Bank…

Lack of Motivation Leading to Sustainability Fatigue in UK Consumers

Posted by Sonal Desai - November 5, 2024

A Deloitte report indicates evidence of increasing sustainability fatigue among consumers in 2024 with regard…

States Urged To Prioritize WASH Asset Management

Posted by Sonal Desai - November 4, 2024

The Department of Drinking Water and Sanitation has urged state representatives to prioritize WASH asset…

New Trends and Gaps in ESG Reporting

Posted by Sonal Desai - November 4, 2024

The CFA Institute, NSE, and CFA Society India have released the first edition of their…

How are Indian Manufacturers Aligning Sustainability with Industry 5.0?

Posted by Sonal Desai - November 4, 2024

According to PwC India research, 93% of Indian manufacturers aim for sustainability with 2-3x profitable…

Carbon Clean Launches Columnless Carbon Capture Series: Cyclone CC C1 series

Posted by Sonal Desai - November 4, 2024

Carbon Clean’s Cyclone CC C1 series is available in concentrations ranging from 3 % to…

Plastic Recyclers Generated 0.7 M Fake Certificates: CSE

Posted by Sonal Desai - November 1, 2024

A recent CSE assessment reveals flaws in plastic pollution policies used to produce fake certificates,…

As nations look to secure supply chains and economic opportunities, a new IEA analysis demonstrates the intricate interactions between energy, industrial, and trade policies. Energy Technology Perspectives 2024, the latest IEA publication, focuses on the future of the top six mass-produced clean energy technologies. These include solar photovoltaics, wind turbines, electric vehicles, batteries, electrolysers, and heat pumps. The global technology market is projected to grow from $700 billion in 2023 to over $2 trillion by 2035, equivalent to the value of the crude oil market in recent years, largely due to current policy settings. The clean technology trade is projected to significantly increase, reaching $575 billion within ten years, surpassing half of the current global natural gas trade. The IEA report highlights the significant opportunities for nations to manufacture and trade clean energy technologies due to their rapid adoption. It also presents difficult choices for governments, who must balance trade-offs and tensions depending on the industrial and trade policies they choose to implement. Clean technologies market is expected to surpass fossil fuels in value over the next decade. The integration of energy, industry, and trade is becoming increasingly interconnected as nations strive to establish their position in the new energy economy. “As we have demonstrated, clean energy transitions offer a significant economic opportunity, which nations are rightfully attempting to take advantage of. Governments should, however, work to create policies that support ongoing competition, cost-cutting, and innovation in addition to advancements in their energy and climate goals,” said Fatih Birol, Executive Director, IEA. The global clean technology market is growing rapidly, with significant investments in clean technologies being made by countries like China, the US, the EU, and India. Despite the impact of the US Inflation Reduction Act, the EU's Net-Zero Industry Act, and India's Production Linked Incentive Scheme, China is expected to dominate the global manufacturing sector, with its clean technology exports expected to surpass $340 billion in 2035. This is approximately equal to the combined oil export earnings of Saudi Arabia and the United Arab Emirates this year. ETP-2024 highlights that nations at different stages of development can still access the clean energy economy, despite less than 5% of the value created by developing clean technologies today. The analysis of over 60 indicators, including business climate, energy and transportation infrastructure, resource availability, and domestic market size, provides crucial insights for emerging and developing economies. The report suggests that emerging economies can leverage their competitive advantages to expand beyond mineral extraction and processing. In the next ten years, Southeast Asia may become affordable for polysilicon and solar panel wafer production, Latin America, particularly Brazil, expand wind turbine exports, and North Africa could become a center for electric vehicle manufacturing. The Strait of Malacca, separating Pacific and Indian oceans, now accounts for half of all maritime trade in clean energy technologies. The Strait of Hormuz is involved in more than 20% of the fossil fuel trade, with varying implications for energy security. It highlights the global impact of the growing trade in clean energy technology, suggesting that importing clean technologies could enhance energy supply resilience and longevity. Solar PV modules on large container ships can produce as much electricity as 50 LNG tankers' natural gas or 100 bulk ships' coal in a single trip. "Many economies, not just a select few, should benefit from growth in the production and trade of clean energy technologies," Dr. Birol stated. According to this report, nations in Africa, Latin America, Southeast Asia, and beyond have a great chance to be significant players in the emerging energy economy. And it concludes that they can realize this potential with strong strategic alliances, more funding, and more work to lower exorbitant financing costs.

Global Clean Energy Market to Reach $2 T in 10 Years

Posted by ESGNEWS Team - October 31, 2024

As energy transitions progress, the global market for critical clean energy technologies is expected to…

$78 T Needed to Achieve Net-Zero and 1.5 C Warming

Posted by ESGNEWS Team - October 31, 2024

A new report says that decisive action is needed to achieve net-zero by 2050, as…

Has Green Hydrogen Reached Crossroads?

Posted by ESGNEWS Team - October 29, 2024

The U.S. Department of Energy’s Hydrogen initiative aims to reduce the cost of green hydrogen…

Gender equality in India progressing; Social Norms, Safety Concerns Persist: UN

Posted by ESGNEWS Team - October 28, 2024

India's progress towards gender equality has improved through increased investments and women's leadership, but social…

NTPC to Power Indian Army with Green Hydrogen

Posted by ESGNEWS Team - October 28, 2024

NTPC developed the advanced solar hydrogen microgrid system that uses hydrogen for energy storage, providing…

Concerns about excessive power sector investment without purchase agreements

Posted by ESGNEWS Team - October 28, 2024

Aequitas cautions against over power sector investment and past industry mistakes in India's ambitious power…

Climate Disaster: UNEP Report Warns of 3°C Warming

Posted by ESGNEWS Team - October 25, 2024

A new UNEP report warns nations to significantly increase emissions reduction targets to avoid catastrophic…

Global Biofuels Alliance to Establish Secretariat in India

Posted by ESGNEWS Team - October 24, 2024

The Global Biofuels Alliance will benefit from legal standing and privileges in India by signing…

Sustainable Investing Gaining Traction In the Financial Markets

Posted by ESGNEWS Team - October 24, 2024

Sustainable investing has surged with ESG-focused funds and assets under management, indicating a growing demand…

Despite 200GW Milestone, India’s RE Future Faces Import Headwinds

Posted by Sonal Desai - October 23, 2024

India's RE target to reach 500 GW by 2030could be hindered by $30 billion in…

Private Sector Can Fuel MENA’s Sustainability Initiatives

Posted by Sonal Desai - October 22, 2024

A WEF report states that the MENA region can achieve its sustainability goals with active…

5 Statements UN Climate Secretary Made to Step Up Climate Finance

Posted by ESGNEWS Team - October 22, 2024

The UN Climate Secretary made pertinent observations about the co-relation between climate finance and climate…

IBM Acquires Prescinto for Renewable Energy Asset Performance Management

Posted by ESGNEWS Team - October 22, 2024

Prescinto uses AI for advanced automation, analytics, and monitoring to manage clean energy and storage…

Power Finance Corporation has raised a $1.27 billion foreign currency term loan.

PFC Raises $1.27 Billion For Green Energy Transition

Posted by ESGNEWS Team - October 22, 2024

PFC has secured a facility agreement with multiple banks to expand its operations, enhance its…

HAI, GSTC Partner to Promote Sustainable Tourism

Posted by ESGNEWS Team - October 10, 2024

As a part of the MoU, GSTC will issue certificates to the HAI members who…

GAIL, AM Green to Develop 2.5 GW RE Projects

Posted by ESGNEWS Team - October 8, 2024

GAIL and AM Green will jointly develop solar/wind hybrid RE projects to supply renewable energy…

Nextracker Launches R&D Center for Solar Excellence

Posted by ESGNEWS Team - October 3, 2024

Nextracker aims to advance photovoltaic R&D, testing, and workforce development serving the Indian and Middle…

MSIM Closes 1GT Climate Private Equity Fund

Posted by ESGNEWS Team - October 3, 2024

1GT targets investments in private companies across mobility, power, sustainable food, agriculture and circular economy

Code Red: CII Red Flags TN Auto Industry Against High Climate Risk

Posted by ESGNEWS Team - October 2, 2024

The auto industry faces a significant risk of climate hazards like floods, droughts, cyclones, and…

Zetwerk Wins Rs 2,500 crore NTPC Solar Module Contract

Posted by ESGNEWS Team - September 30, 2024

Zetwerk Manufacturing has secured a 1,515 MWp order from NTPC for the production and supply…

JOULE to Power EVs in Bengaluru

Posted by ESGNEWS Team - September 17, 2024

The project is a $2.65 million new Climate Pledge initiative to support over 5,500 EVs…

BPCL, MbPA to Launch India's First Green Fuel Ecosystem

ISMA Inks MOUs with TERI, PRAJ for SAF

Posted by ESGNEWS Team - September 13, 2024

The ISMA MoUs aim to promote India's sustainability by reducing annual carbon emissions from the…

31,350 MW Hydro Electric Projects Receives Rs 12,461 Crore Support

Posted by ESGNEWS Team - September 12, 2024

The Cabinet has approved a modification to the budgetary support scheme for enabling infrastructure for…

Green Pathways for the Steel Industry

Posted by ESGNEWS Team - September 12, 2024

A report presents a comprehensive plan for India's steel industry to decarbonize, addressing various aspects…

Nestlé Replaces Plastic with New Paper-Based Packaging

Posted by Renjini Liza Varghese - September 11, 2024

Nestlé claims to have reduced plastic use by 90% in vital proteins and packaging weight…

Three important Sustainability Updates

Posted by ESGNEWS Team - September 10, 2024

Oil India, NABARD, and a Union Minister highlighted the importance of sustainability and ESG in…