New Delhi [India] : India’s starting position in the race to reach ‘Net-Zero’ is not comparable to the fiscal space of four economies including the US, EU, China and Japan, but it stands out in its ability to position itself well in the new industrial era, according to a report. The new report, ‘Competing in […]
ANERT nominated nodal agency for green hydrogen initiatives in State – EQ Mag
The State government has nominated the Agency for New and Renewable Energy Research and Technology (ANERT) as the State-level nodal agency for Green Hydrogen initiatives. The Power Department decision was taken on the basis of a proposal made by the Chief Executive Officer, ANERT, indicating the need for a single nodal agency for drafting and […]
Net Zero is important, but we must provide enough electricity for growth: Power Minister RK Singh – EQ Mag
Union Power Minister RK Singh on Friday pointed out to the industry that India is a world leader in energy transition. Addressing the session titled “Renewables – Powering the Net Zero Agenda of India” on the final day of the CII Annual Session 2023 in New Delhi on Thursday, the minister said, “We had pledged […]
Net-zero underwriting in P&C and the growth at stake
P&C insurers need to position themselves to capture net-zero transition growth opportunities. Whether by setting net-zero commitments or responsibly steering the portfolio, the time to act is now. The January publication of the Net-Zero Insurance Alliance (NZIA)1 “target setting protocol” marked a turning point and a step forward for the insurance industry. NZIA members committed […]
Net Zero is Net Positive for the Global South, says Shri Jayant Sinha
Shri Jayant Sinha, Chairperson of the Parliamentary Standing Committee on Finance, addressed Limited Partners and investors at an exclusive event in Mumbai, the IVCA Maximum India Conclave (MIC) – Curtain Raiser. He highlighted India’s role in creating a global climate alliance to accelerate climate action. In his address, Sinha spoke about the initiatives that have […]
View: India needs accelerated support for electric vehicles to achieve net zero – EQ Mag
The recent Auto Expo 2023, India’s largest motor show, generated significant excitement with the launch of several low- and zero-emission vehicle models, including electric vehicles (EVs), hydrogen, and hybrids. While the event confirmed the auto industry’s growing focus on decarbonization, it also showed that India urgently needs to accelerate budgetary support for zero-emission technologies—particularly EVs, […]
Net zero: Next moves for CEOs – EQ Mag
How leaders can invest in a sustainable future and navigate near-term energy pressures successfully. Net zero doesn’t have to mean zero sum. In this episode of The McKinsey Podcast, McKinsey partner Anna Moore and senior partner Humayun Tai talk to global editorial director Lucia Rahilly about the “devilish duality” leaders have faced since the outbreak […]
Net Zero by 2050 possible, but clean energy investments need to outweigh fossils fast: Report – EQ Mag
Heavy investment, hydrogen and carbon capture & storage can help keep the temperature increase to 1.7 degrees Celsius It is still possible to keep the temperature increase to 1.77 degrees Celsius with determined action, according to a new energy economy analysis. But investments in the clean energy sector must triple that of fossil fuel to […]
Tailoring innovative financial solutions for the transition to net zero – EQ Mag
Financial institutions in Asia need to work closely with government and regulators to establish policies, standards, and incentives to achieve net-zero goals. McKinsey talked to Ahmad Siddik Badruddin, chief risk officer at Bank Mandiri, about the role that banks can play in aiding Asia’s sustainability transition. They also discussed the challenges around regulatory risk and […]
Why policy enablement is critical in Asia’s quest for net zero – EQ Mag
How do governments across the region ensure that local industries are part of the solution? McKinsey chatted to Joan Larrea (CEO of Convergence Blended Finance), John Murton (UK government’s COP26 envoy), and Dominic Waughray (senior advisor to the CEO, World Business Council for Sustainable Development) about the role of governments in facilitating the investment required […]