Author name: Climatora News Desk

Centre Refines Green Credit Programme Norms

Centre Refines Green Credit Programme Norms

Norms for the Green Credit Programme  Amid apprehensions regarding the effectiveness of the Green Credit Programme (GCP), the Union Environment Ministry, as the governing body, has introduced modifications to prioritize ecosystem restoration over mere tree planting. The move aims to ensure that the program fosters holistic ecological revival rather than incentivizing afforestation solely for financial […]

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Apple and Cleanmax Collaborate to Expand Renewable Energy Footprint in India

Apple and Cleanmax Collaborate to Expand Renewable Energy Footprint in India

Expansion of Renewable Energy Footprint Tech giant Apple and renewable energy firm Cleanmax, united by a shared vision of a sustainable future, have forged a groundbreaking joint venture to deploy solar solutions across India. This strategic partnership, rooted in shared values, underscores a mutual commitment to advancing sustainability initiatives and reducing carbon emissions in the

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EU Considers Integrating Emissions Removal Credits into the Carbon Market

EU Considers Integrating Emissions Removal Credits into the Carbon Market

Removal Credits into the Carbon Market The European Union is considering including emissions removal credits into its carbon market. This move could reshape the future of carbon trading within the bloc and have far-reaching implications for the global carbon market. As a European Commission official stated, this decision, if implemented, could reintroduce carbon credits into

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Jindal Stainless Limited Collaborates with SBTi to Slash Carbon Emissions

Jindal Stainless Limited Collaborates with SBTi to Slash Carbon Emission

Ambitious Targets for Carbon Emission Reduction Jindal Stainless Ltd (JSL) has embarked on a monumental journey towards environmental sustainability by forging a transformative partnership with the esteemed Science-Based Targets Initiative (SBTi) based in the UK. This collaboration, a profound testament to JSL’s unwavering commitment to a greener future, is poised to devise strategies and targets

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IFSCA Initiates Committee to Elevate GIFT City as Climate Finance Hub

IFSCA Initiates Committee to Elevate GIFT City as Climate Finance Hub

Climate Finance Hub The International Financial Services Centres Authority (IFSCA) has embarked on a meaningful journey, aiming to transform Gujarat International Finance Tec-City (GIFT City) into a prominent “climate finance hub.” This strategic initiative establishes a framework for developing and launching climate finance products that align with India’s long-term sustainability goals. This cause is crucial

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Toyota Invests $300 Million in Climate and Science Startups

Toyota Invests $300 Million in Climate and Science Startups

Climate and Science Startups Toyota Motor Corp. is investing significantly in its venture arm, allocating $300 million to support early-stage startups. These startups are at the forefront of climate-related initiatives and frontier technologies such as carbon capture, artificial intelligence (AI), and space commercialization. Toyota’s commitment holds the promise of shaping a more resilient and innovative future, instilling hope

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IITs Forge New Paths with Schools for Sustainability and Green Expertise

IITs Forge New Paths with Schools for Sustainability and Green Expertise

Sustainability and Green Expertise As the world gravitates towards sustainable development, Indian Institutes of Technology (IITs) are spearheading a transformative initiative by establishing dedicated schools focused on sustainability and environmental sciences. With the International Labour Organisation (ILO) projecting the creation of 24 million new jobs in the green economy by 2030, the IITs are gearing

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RBI Greenlights Investment and Trading of Sovereign Green Bonds at Gujarat IFSC

RBI Greenlights Investment and Trading of Sovereign Green Bonds at Gujarat IFSC

Sovereign Green Bonds The Reserve Bank of India (RBI) has made a significant move to expand the scope of sustainable finance by permitting investment and trading of Sovereign Green Bonds (SGrBs) at the International Financial Services Centre (IFSC) in Gandhinagar, Gujarat. Government’s Commitment to Green Financing The government’s issuance of Sovereign Green Bonds (SGrBs) in

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India's Renewable Energy Leader Adani Green Energy Surpasses 10,000 MW Milestone

India’s Renewable Energy Leader Adani Green Energy Surpasses 10,000 MW Milestone

Renewable Energy Leader Surpasses 10,000 MW Milestone Adani Green Energy Limited (AGEL), India’s foremost renewable energy company, achieves a monumental milestone by surpassing 10,000 megawatts (MW) of operational portfolio, marking a significant leap towards the nation’s clean energy goals. A Sustainable Achievement AGEL’s operational portfolio encompasses 7,393 MW solar, 1,401 MW wind, and 2,140 MW

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