NEW DELHI: Two months ago, the AAP government issued a draft policy making Delhi the first state in the country to adopt a policy to regulate vehicular emissions from app-based cab aggregators. The draft policy mandated that aggregators would need to ensure that 10% of all newly onboarded two-wheelers and 5% of four-wheelers were electric […]
EVERSOURCE CLOSES INDIA’S LARGEST CLIMATE IMPACT FUND AT US$ 741 MILLION – EQ Mag Pro
Mumbai: EverSource Capital (EverSource) has completed the final close of India’s largest climate impact fund, Green Growth Equity Fund (the Fund), at US$ 741 million, making GGEF one of the largest single-country funds focused on Climate change, Mitigation and Adaptation in the emerging markets. EverSource is investing to combat climate change by focusing on the […]
Germany faces ”gigantic” task meeting energy, climate goals – EQ Mag Pro
Germany’s new climate minister said Tuesday that the country faces a “gigantic” task if it wants to achieve its goals for reducing greenhouse gas emissions while ensuring sufficient energy for its energy-hungry industry. Robert Habeck, a member of the environmentalist Greens, told reporters in Berlin that Germany is on track to halve its emissions by […]
Hydrogen power is gaining momentum, but critics say it’s neither efficient nor green enough – EQ Mag Pro
When you burn hydrogen, you generate energy in the form of heat, and the only by-product is water, making it a clean source of energy. However, it requires energy to make the hydrogen in the first place. Hydrogen is part of climate discussions for hard-to-decarbonize sectors like trucking, airplanes and as a store of electricity. […]
‘The role of green hydrogen in achieving a climate-compatible future – is there one? – EQ Mag Pro
The growing clamour around renewable H2 ignores some harsh realities that will limit its role in the energy transition — not least the laws of physics, writes Andreas Biermann Green hydrogen is being heavily promoted by some quarters of the energy world, with some saying it is the only way to achieve deep decarbonization in […]
ADB Announces Support for Task Force on Climate-Related Financial Disclosures – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has declared its support for the Task Force on Climate-Related Financial Disclosures (TCFD), reaffirming its commitment to building a more resilient financial system, increasing transparency, and safeguarding against risks from climate change through enhanced disclosure. “By signing up to this important initiative, ADB is demonstrating its commitment […]
Introducing ‘Regenerative,’ the New Climate Buzzword – EQ Mag Pro
“Regenerative” is the new “sustainable.” Or maybe it’s the new “renewable” — whatever. It’s the latest ubiquitous catchword in climate speak. Solar companies are now tagging their business as “regenerative energy.” The building industry is buzzing about “regenerative concrete.” Tourism offices are trumpeting “a more regenerative way of thinking.” Economists are calling for new metrics […]
Why COP27 Needs a Bigger Circus and More Solar Panels – EQ Mag Pro
Four ways to improve UN climate conferences I vividly remember attending my first UN climate talks in 2008. I remember the optimism, the technical conversations, the discussions about the overpriced food in the conference center, the press, the flight, and yes, the debates about the carbon footprint of the flight. I flew to Accra as […]
USAID ANNOUNCES TARGET TO MOBILIZE $150 BILLION IN CLIMATE FINANCE – EQ Mag Pro
USAID announced an ambitious target to mobilize $150 billion in public and private climate finance by 2030. USAID will catalyze the majority of this funding from private sector investments—as well as from public sector investments from partner country governments—through targeted programs and partnerships. USAID aims to catalyze 10 dollars of private sector financing for every […]
ADB Launches New Carbon Fund to Incentivize Climate Investments – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The Asian Development Bank (ADB) this week launched a new carbon fund, the Climate Action Catalyst Fund (CACF), at COP26. The CACF will help ADB’s member countries meet their nationally determined contribution (NDC) targets and raise ambition over time. It will mobilize carbon finance through the purchase of internationally transferred mitigation […]