Move will boost India’s focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying global supply chain The United States and India announced plans to create a payment security mechanism that will facilitate the deployment of 10,000 Made-in-India electric buses in India. This announcement came during Prime Minister Narender Modi’s three-day state visit […]
US, India agree to end six WTO disputes, lift some tariffs – EQ Mag
WASHINGTON : The United States and India have agreed to end six disputes at the World Trade Organization (WTO), US authorities said on Thursday (June 22), after a meeting between the countries’ leaders. India also “agreed to remove retaliatory tariffs” on certain US products such as chickpeas, lentils and almonds, the US Trade Representative’s (USTR) […]
Economic ties at heart of India, US strategic partnership, says Secretary of State Blinken – EQ Mag
Washington : Ahead of Prime Minister Narendra Modi’s State Visit, US Secretary of State Antony Blinken has said economic ties are at the heart of the Indo-US strategic partnership and added that the two countries are helping shape innovations of the future and the norms governing them. Modi has been invited by President Joe Biden […]
World Bank needs new playbook to boost private investment in emerging markets: Ajay Banga – EQ Mag
WASHINGTON : The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president, Ajay Banga, said on Sunday. Banga told CNN‘s “Fareed Zakaria GPS” program that efforts now under way to stretch the World Bank’s […]
The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing – EQ Mag
DETROIT : Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle. Last year’s Inflation Reduction Act provided a federal tax credit of up to $7,500 to use toward an EV. Under the rules, a dealer can apply that […]
Elon Musk kicks off China visit, Tesla expansion in focus – EQ Mag
BEIJING : Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing, marking his return to the electric carmaker’s largest production hub after three years. The trip is the latest return by a top U.S. CEO to China since the country […]
Storing hydrogen in coal may help power clean energy economy: Study – EQ Mag
Coal may provide a potential new way to store hydrogen gas, much like batteries store energy for future use, addressing a major hurdle in developing a clean energy supply chain, according to a study Hydrogen is a clean burning fuel and shows promise for use in the most energy intensive sectors of the economytransportation, electricity […]
The fight to define clean hydrogen – EQ Mag
What counts as green hydrogen is a $100 billion dollar question. Last year’s Inflation Reduction Act (IRA) highlighted clean hydrogen’s important role in addressing climate change by offering generous incentives for the burgeoning technology. Now, the U.S. Treasury has to define what “clean hydrogen” actually means, and with $100 billion in hydrogen tax credits on […]
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 […]
Tesla approached Indian government: Official – EQ Mag
Prime Minister also likely to meet Elon Musk in his visit to US next month: Sources Global electric vehicle (EV) giant Tesla on Wednesday is revisiting its plans to set up a factory in India, for both domestic and exports and it has not asked the Indian government to also consider a duty cut, sources […]