Tata Group aims at net-zero emission by 2045
Vice-Chairman Noel N Tata said on Friday that the Tata group, India's largest conglomerate by revenue, was aiming at net-zero emissions by 2045.
India lists eligible activities for international carbon credit trades
India has finalised its list of 13 activities to be considered for trading of credits under bilateral/cooperative approaches in the international carbon market.
India set to push for green World Bank reforms at G20
India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity for climate financing in some countries.
RBI to set guidelines on climate risk and sustainable finance
Reserve Bank of India (RBI) Governor Shaktikanta Das has announced guidelines that will touch on disclosures, stress testing and climate scenario analysis
India announces $4.3Bn investment in renewable energy
The Indian government has pledged to invest $4.3Bn in renewable technologies to clean up the country’s economy and create jobs.
Reserve Bank of India launches first tranche of green bonds
The first tranche of bonds worth $981m (Rs 8,000 crore) was subscribed fully last week. The second auction of another Rs 8,000 crore will be conducted on Feb. 9
India plans to draft taxonomy on ‘clean’ activities, technologies
Under the proposal, similar to the Green Taxonomy pioneered by the European Union, the government will certify sustainable activities in the hope of attracting investment.
India plans 125GW of new renewables to power hydrogen plans
India expects to deploy about 125GW of new renewables by 2030 to power the nation’s ambitious green hydrogen plans, and starts financing initiatives.
India launches first-ever sovereign green bonds auction
The Reserve Bank of India (RBI) will auction 160Bn rupees ($2Bn) worth of sovereign green bonds in two tranches, in the government’s first-ever such sale.
IEX forms subsidiary to explore carbon market opportunities
Indian Energy Exchange (IEX) said it was setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunities in the voluntary carbon market.
India announces $30Bn plan to upgrade grid for renewables
As it plans to nearly triple its renewables capacity by 2030, India revealed a 2.44 trillion rupee ($29.6Bn) plan for transmission lines to connect renewable generation.
Arham Energy sets operational net-zero target for 2050
The Indian energy firm has the ambition to achieve Scope 1 and 2 net-zero across its wholly-owned operated assets by 2050, further to its Scope 3 net-zero plan for 2070.
India clears framework for sovereign green bonds
The issuance of green bonds to raise funds for projects to help reduce the carbon intensity of the economy, are expected in early 2023 for Rs 16,000 crore ($2Bn).
India submits its net-zero strategy to 2070
India submitted its Long-Term Low Emission Development Strategy (LT-LDES) to the UNFCCC at COP27, one year after pledging to net-zero by 2070.
ReNew commits to net-zero by 2040
India's largest renewable energy company by capacity has pledged to achieve net-zero by 2040, 30 years ahead of the nation's 2070 target.
EKI Energy and ICAM launch $125m climate impact fund
One of India's largest project developers EKI Energy has launched a fund with ICAM to finance emissions reduction projects in India, Asia, Africa and Latin America.
Climate refugees flee Bangladesh as floods continue
Continued erosion and flooding have washed away villages, in a nation which estimates $230Bn will be required to adapt to the impacts of climate change.
Indian Railways announces it will be net-zero by 2030
The state-owned rail operator plans to decarbonise its infrastructure with electrification, renewable energy generation and offsetting.
Indian Minister for Energy clarifies credit export ban
While credits will foremost be utilised towards fulfilling India's NDC, other countries can look forward to "huge quantities" to be exported once goals are met.
DBS sets interim climate targets for polluting sectors
DBS, Southeast Asia’s largest bank, has announced interim targets that it aims to hit on the way to achieving net-zero emissions by 2050.
Thai stock exchange plans to set up carbon credit market
The Thailand Stock Exchange (SET) has plans to introduce a carbon credit market to encourage the adoption of corporate sustainability goals.
SECI launches bids for 2.25 GW of renewables in India
Solar Energy Corporation of India (SECI) launched bids for the supply of 2.25 GW from interstate transmission renewable power projects.
India asks utilities to not retire coal-fired power plants till 2030
India has asked utilities not to retire coal-fired power plants till 2030 due to a surge in electricity demand, just over two years after it committed to phase down use…
Reliance targets 20 GW solar capacity by 2025
Diversified Indian conglomerate Reliance Industries has targeted installing 20 GW of solar energy generation capacity by 2025
PUB raises S$800 million in inaugural green bond issuance
Singapore's National water agency PUB has raised S$800 million through its inaugural green bond issuance. Proceeds from these bonds will finance projects to strengthen Singapore’s water security and sustainability
Thailand brings its carbon neutral, net zero dreams forward
Thailand is accelerating plans to become carbon neutral and achieve the net-zero emission target by 2050 and 2065, respectively.
GAIL targets net-zero emissions by 2040
GAIL Ltd, India's nation's largest gas firm, is targeting net-zero carbon emission from its operations by 2040, ahead of targets by other state-owned firms
Indian Oil eyes net zero carbon emissions by 2046
Refiner Indian Oil Corporation has set a 2046 net zero carbon emissions goal, its chairman S. M. Vaidya said at annual shareholders meet.
Avaada to invest $5bn in green hydrogen, ammonia plant
Avaada Group is set to build an integrated green hydrogen and ammonia plant with captive renewable energy capacity in the Indian state of Rajasthan.
Singapore, Verra sign MOUs to support national carbon tax
The National Environment Agency (NEA) and Verra have signed an MOU that is aimed at enabling Singapore-based companies to use eligible Verified Carbon Units (VCUs) to meet part of their…
GAIL targets net-zero emissions by 2040
GAIL Ltd, India's nation's largest gas firm, is targeting net-zero carbon emission from its operations by 2040, ahead of targets by other state-owned firms.
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