Author name: Climatora News Desk

India, UAE Urge Fulfillment of USD 100 Billion Climate Finance Commitment

India, UAE Urge Fulfillment of USD 100 Billion Climate Finance Commitment

Leave a Comment / Climate Watch /

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan said that developed countries must fulfill the USD 100 billion delivery plan to reduce and adapt to climate change during the former’s official visit to UAE recently. India and the UAE stressed the importance of the global stocktake (GST) of collective action […]

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Avaada Group deepens green energy commitment

Avaada Group deepens green energy commitment

Leave a Comment / Climate Watch /

Avaada Group, a major integrated energy platform, closed the Rs 10,700 crore ($1.3 billion) fundraising round creating a milestone for India’s renewable energy sector. As part of India’s sustainable future, Avaada’s green hydrogen, green methanol, green ammonia, solar manufacturing, and renewable power generation projects will receive support. Avaada Group recently received a Rs 961 crore

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Indian Government introduces draft for Green Credits

Indian Government introduces draft for Green Credits

Leave a Comment / Climate Watch /

The Indian Government is introducing Green Credits to develop a broad movement around positive environmental activities and actualize “Mission LiFE” through pro-planet people and entities to meet India’s net zero objectives in 2070. The Green Credits Programme rewards voluntary environmental activities by individuals, business sectors, small-scale firms, cooperatives, forestry enterprises, and farmer-produce organizations. The Ministry

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ava Capital, Capital A Announce Climathon'23

Java Capital, Capital A Announce Climathon’23

Leave a Comment / Climate Watch /

Java Capital and Capital-A will host India’s first 24-hour climate-tech company pitchathon, Climathon’23. This initiative lets climate tech entrepreneurs pitch their early-stage ideas for up to $1 million. According to an official release, the Pitchathon aims to increase climate awareness, creativity, and funding opportunities for climate entrepreneurs. Bangalore will host the 5th and 6th July

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Power ministry announces carbon credit trading scheme

Power ministry announces carbon credit trading scheme

Leave a Comment / Climate Watch /

The power ministry has notified the Carbon Credit Trading Scheme, 2023, to build the domestic carbon market as the government strives to decarbonize the economy and cut emissions by 45% from 2005 levels by 2030. The program creates a 20-22-member national steering committee (NSC) led by the electricity and environment secretaries to oversee the carbon

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World Bank grants 1.5 billion dollars for India's energy transition

World Bank grants 1.5 billion dollars for India’s energy transition

Leave a Comment / Climate Watch /

India’s low-carbon energy development will receive $1.5 billion from the World Bank’s executive board. According to the World Bank, the money will assist India in boosting low-carbon energy by scaling up renewable energy, producing green hydrogen, and increasing climate finance for low-carbon energy initiatives. India’s aggressive energy transition plans are behind the development. By 2030,

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ReNew sets up hybrid renewable energy projects in Karnataka

ReNew sets up hybrid renewable energy projects in Karnataka

Leave a Comment / Climate Watch /

ReNew Energy Global Plc commissioned two renewable energy projects for Toyota Kirloskar Motor and Sandur Manganese & Iron Ores in Vijaynagara, Karnataka. ReNew is building a 27.2 MW renewable energy project for Toyota to meet its renewable energy needs for its Bidadi automobile manufacturing plant and a 43 MW power project for Sandur Manganese &

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LL Foundation sponsors 15 climate-impacting startups

JLL Foundation sponsors 15 climate-impacting startups

Leave a Comment / Climate Watch /

JLL Foundation, a non-profit formed and supported by JLL (NYSE: JLL), released its first Annual Report, summarising its 2022 impact investing initiatives in climate change and the built environment. JLL Foundation worked with 15 entrepreneurial enterprises in its first year to mitigate climate change. 53% are decreasing trash, 40% are decarbonizing the building industry, 33%

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Citi Introduces Sustainable Deposits for Institutional Clients in India

Citi introduces sustainable time deposit product in India

Leave a Comment / Climate Watch /

Citi recently launched a sustainable time deposit product in India to help institutional clients invest excess cash while meeting sustainability goals. Clients are increasingly interested in sustainable investment, products, and services. After Singapore and Hong Kong, Citi launched this product in India, spreading its program to Europe, the Middle East, and the U.S. This Citi

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