Climate Watch

BEST is the official transport partner for G20 delegates in Mumbai

BEST is the official transport partner for G20 delegates in Mumbai

Climate Watch /

The Brihanmumbai Electric Supply and Transport (BEST) undertaking in Mumbai has been responsible for serving as the official transport partner for the G20 meetings held in the city from May 21 to May 23. The recently introduced app-based premium service BEST offers includes high-end electric air-conditioned and electric buses tasked with transporting the delegates. These […]

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Industry to establish targets following the Green Open Access Rules 2022.

Industry to establish targets following the Green Open Access Rules 2022

Climate Watch /

The Minister of New and Renewable Energy for the Union, R. K. Singh, issued an order requiring the Industry to establish targets under the Green Open Access Rules 2022 last week. The government notified the Green Open Access Rules 2022 in June 2023 to further accelerate India’s renewable energy initiatives. The promulgation of these laws

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Solar power farms in India are on an upswing, according to Crisil

Solar power farms in India are on an upswing, according to Crisil

Climate Watch /

According to research by the rating firm Crisil, solar power farms in India have seen their efficiency grow from 59% to 75% due to more prolonged and sunnier days. The percentage of projects that reached the P90 generation level increased, with 75% stating that they achieved P90 in the current financial year, compared to 59%

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RBI's CSR regulation change to encourage climate action

RBI’s CSR regulation change to encourage climate action

Climate Watch /

To speed up green transformation, the Reserve Bank of India (RBI) has proposed amending the decade-old corporate social responsibility laws regulated by Section 135 of the Companies Act, 2013. In keeping with the country’s green-transition ambitions, the central bank proposes a five-pronged CSR fund strategy to encourage business climate action in its annual Report on

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BALCO Signs a 105MW Renewable Energy Contract

BALCO Signs a 105MW Renewable Energy Contract

Climate Watch /

A significant producer of aluminum in India and a Vedanta affiliate, BALCO (Bharat Aluminium Company), has partnered with SRIP to procure 105MW of hybrid renewable energy for its aluminum facilities in Chhattisgarh, India. BALCO will employ hybrid renewable energy from wind and solar sources to serve its Korba-based smelter instead of the current non-renewable power

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RBI has released a framework for green deposits.e

RBI has released a framework for green deposits

Climate Watch /

The Reserve Bank of India has published comprehensive guidelines for accepting “green deposits” by banks and NBFCs. The funds might be utilized for financing initiatives like renewable energy, environmentally friendly transportation, and green construction. In releasing the guidelines for accepting green deposits by regulated entities, the RBI noted that green finance is also steadily gaining

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Major Venture Capital Firms Launch Venture Climate Alliance

Major Venture Capital Firms Launch Venture Climate Alliance

Climate Watch /

A group of 23 venture capital firms, the Venture Climate Alliance (VCA), was formally established last week to promote aggressive climate action that will end corporate carbon emissions. Energy Impact Partners, Prelude Ventures, Capricorn Investment Group, DCVC, Tiger Global, Galvanise Climate Solutions, S2G Ventures, Union Square Ventures, World Fund, 2150, and other well-known climate impact-focused

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