India’s aluminium exports to the European Union (EU) are set to become unviable once the 27-nation bloc implements the Cross-Border Adjustment Mechanism (CBAM) to help reduce its carbon emissions and eventually attain Net-Zero carbon emissions by 2050. Under CBAM, which takes effect in a few months — the transition phase is expected to start from […]
Climate change: A fast-growing India has the world’s fate in its hands – EQ Mag
Once upon the time, India looked upon international climate meetings with something akin to distaste. Indira Gandhi played the role of malcontent at the 1972 Stockholm conference that kicked off modern environmental diplomacy, characterizing such concerns as a luxury for rich countries that poorer nations couldn’t afford to indulge. In 2009, then-Prime Minister Manmohan Singh […]
European Union reaches deal on major carbon market reform – EQ Mag
European Union deal: The agreement aims to phase out free allowances to industries and targets fuel emissions from buildings and road transport sector and fuels for additional sectors. The European Council and European Parliament, one of the legislative bodies of the European Union (EU), have reached an agreement for a major reform to the carbon […]
Counsellor from 14 member states of the European Union visited SECI and met Smt. Suman Sharma, MD SECI, and senior officers – EQ Mag Pro
Counsellor from 14 member states of European Union visited SECI and met Smt. Suman Sharma, MD SECI and senior officers. Both sides discussed about the current & future opportunities in RE sector & ways of working together.
European Union Solar Power Generation Hits Record High In June, July
The 27 countries in the bloc generated nearly 39 terawatt hours (TWh) of power from solar panels during June and July, up 10.9 TWh from 2018, data from Ember showed. PARIS: Solar power supply in the European Union during June and July rose to a record high in 2021, accounting for 10% of total electricity […]
New €2.5B Green Hydrogen Steel Venture Unveiled
The funding will develop a new low-carbon steel manufacturer in Sweden, creating 10,000 jobs. A new “green steel” venture in Sweden has been launched with bold plans to start production as early as 2024. The H2 Green Steel initiative will then scale up to 5 million tons per year of green steel production. It would […]
EBRD finance package to stabilise Tunisia’s electricity provider
The European Bank for Reconstruction and Development (EBRD) is providing $361 million (€300 million) in financing to support the stability of Tunisia’s electricity provider Société Tunisienne de l’Electricité et du Gaz (STEG). The financing package is meant to support the stability of Tunisia’s energy sector during the COVID-19 pandemic in the medium term. It will […]
Spain’s Iberdrola seeks EU funds for large-scale floating wind power farm
Several projects are underway in Europe to build turbines on floating platforms where the seabed is too deep for fixed structures MADRID: Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift […]
Shell, Volvo and Daimler Back Hydrogen as Europe Sets Its Sights on Truck Emissions
With the EV market doing well, industry and policymakers look to hydrogen to fuel trucks and freight vehicles. A flurry of new vehicle releases, increased grants and tax benefits, and plain old economics have helped electric vehicle sales boom in 2020. U.K. sales figures show battery vehicles tripled their market share among new vehicle sales […]
EU to target 30 million electric cars by 2030
In a strategy due to be published next week, the European Commission will lay out measures to tackle the quarter of EU greenhouse gas emissions that come from the transport sector. BRUSSELS: The European Union will aim to have at least 30 million zero-emission vehicles on its roads by 2030, as it seeks to steer […]
