Author name: Climatora News Desk

Essar's plans to invest US$ 3.6 Billion Green Hydrogen Venture in Gujarat

Essar plans to invest in a US$ 3.6 Billion Green Hydrogen Venture in Gujarat.

Climate Watch /

A Green Hydrogen plant in Jamnagar, Gujarat Over the next four years, Essar Group has unveiled a monumental plan, committing a staggering US$ 3.6 billion (Rs. 30,000 crores) to establish a green hydrogen plant in Jamnagar, Gujarat. This strategic move underscores Essar’s unwavering commitment to expanding its footprint in the clean energy sector and positions […]

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Microsoft Secures 8 Million Carbon Removal Credits from BTG Pactual Timberland

Climate Watch /

Largest Carbon Removal Credit Transaction In a groundbreaking collaboration, BTG Pactual Timberland Investment Group (TIG) and Microsoft have joined forces in a landmark agreement. This partnership, set to provide up to 8 million carbon removal credits through 2043, marks the largest transaction of its kind to date according to MSCI Carbon Markets data. The magnitude

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India Announces New Transmission Schemes for Renewable Energy

Climate Watch /

Ministry of Power Notifies Key Projects to Boost Renewable Energy Infrastructure The Ministry of Power (MoP), a key player in India’s energy sector, has issued a crucial notification outlining the implementation of transmission schemes designed to evacuate power from renewable energy zones and to strengthen the transmission system. This notification, dated June 14, 2024, introduces

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Samunnati Secures Rs 133 Crore for Climate Projects

Samunnati Secures Rs 133 Crore for Climate Projects

Climate Watch /

Funding for Climate Projects Agri-finance startup Samunnati has secured its most significant debt tranche, receiving Rs 133 crore ($16 million) from Blue Earth Capital, a global impact investment firm. This critical funding will further Samunnati’s efforts to enhance climate and sustainability projects in rural communities across India. Strengthening Climate and Sustainability Efforts Anil Kumar SG,

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Gruner Renewable Energy to Build Rs 220 Crore Biogas Plant in Gujarat

Gruner Renewable Energy to Build Rs 220 Crore Biogas Plant in Gujarat

Climate Watch /

A cutting-edge compressed Biogas Plant Gruner Renewable Energy has unveiled a pioneering project to establish a cutting-edge compressed biogas (CBG) plant in Navsari, Gujarat, with a substantial investment of Rs 220 crore. This groundbreaking initiative aims to produce 44 tonnes of biogas daily, harnessing the power of cost-effective feedstocks such as paddy, pressmud, cane trash,

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Australia Launches $7 Billion Green Bond to Boost Sustainable Finance.

Australia Launches $7 Billion Green Bond to Boost Sustainable Finance

Climate Watch /

In a significant move for Australia’s Sustainable Finance sector The Australian Government, led by Treasurer Dr. Jim Chalmers, Minister for Climate Change and Energy Chris Bowen, and Minister for the Environment and Water Tanya Plibersek, has unveiled its inaugural green bond, valued at $ 7 billion. This landmark issuance marks a pivotal step in the

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Bisleri Proposes Water Credit System for the Beverage Industry

Bisleri Proposes Water Credit System for the Beverage Industry

Climate Watch /

Introduction of Water Credit System for the beverage industry. In a significant move towards environmental sustainability, Bisleri, a leading packaged water manufacturer, has proposed the introduction of water credits for the beverage industry. With its potential to enhance accountability and promote responsible water usage among beverage makers, this innovative concept offers a beacon of hope

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India's Environment-Tech Funding Surges in Carbon Capture, Solar Tech

India’s Environment-Tech Funding Surges in Carbon Capture, Solar Tech

Climate Watch /

Funding Surges in Carbon Capture India’s environmental technology sector is not just witnessing a remarkable surge in funding, but also playing a pivotal role in the global fight against climate change. According to a recent report by Tracxn, a market intelligence platform, investment in the sector has significantly increased over the past five years. This

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Lakshmi Cement Champions Green Energy Revolution

Climate Watch /

Green Energy Revolution at Laxmi Cement Lakshmi Cement, a major player in India’s cement industry, is setting a new benchmark for sustainability with its commitment to green energy and eco-friendly practices. With over 50% of its energy consumption derived from renewable sources, the company is making significant strides in reducing its carbon footprint. This not

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23.7% Surge in Renewable Energy Jobs in India in FY 24

Climate Watch /

Renewable Energy Jobs booming Job in Tier II and III Cities India’s renewable energy sector is experiencing a significant surge in employment, with job growth reaching an impressive 23.7% in FY24, according to a recent report by the reputable TeamLease Services. This substantial rise from the 8.5% growth recorded in FY23 underscores the sector’s expanding

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