Author name: Climatora News Desk

EX Becomes India's First Carbon-Neutral Power Exchange

IEX Becomes India’s First Carbon-Neutral Power Exchange

The first power exchange in the nation to deploy market-based tradable instruments to offset its carbon emissions is Indian Energy Exchange (IEX), a powerful energy trading platform, which was announced on December 14. The leading national provider of energy, carbon credits, and quality management services, EKI Energy Services Limited, served as the exercise’s sustainability partner […]

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NTPC to get strategic investor for its green energy subsidiary

NTPC to get strategic investor for its green energy subsidiary

By March 2023, state-owned power firm NTPC is expected to find a strategic investor for its subsidiary NTPC Green Energy Ltd, which will assist in raising Rs 3,000 crore for renewables projects in the country. On April 7 this year, NTPC Green Energy Ltd was registered with the Registrar of Companies. NTPC provides one-fourth of

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Valencia adjudged European Green Capital Winner 2024

Valencia adjudged European Green Capital Winner 2024

Valencia, Spain’s third-largest city, is one of the cities that has been named European Green Capital 2024. Valencia, Elsinore, and Velenje earned the European Green Capital and Leaf 2024 prizes during a recent ceremony in Grenoble, France. Valencia will be Europe’s Green Capital in 2024, with Elsinore in Denmark and Velenje in Slovenia sharing the

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Investment over $25 billion in the renewable energy sector by 2023

Investment over $25 billion in the renewable energy sector by 2023

The focus has switched to renewable energy with over USD 25 billion or Rs 2 lakh crore in planned investments in India for exploiting sunshine, water, and air to produce energy as an oil price shock threatens to topple economies worldwide. In addition to reducing imports, switching to renewable energy is seen as a means

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EU becomes the first major economy to pass legislation on import “green tariff”

EU becomes the first major economy to pass legislation on import “green tariff”

The EU passed legislation for an import “green tariff” on items with significant carbon dioxide emissions making it the first major economy to do so. With the carbon border adjustment mechanism (CBAM), nations that don’t green their industries will soon be threatened by a real carbon tax that will punish those looking to make money

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Adani Green receives the Sustainability 4.0 award

Adani Green receives the Sustainability 4.0 award

The largest solar power developer in the world and the renewable energy division of the diversified Adani portfolio companies, Adani Green Energy Ltd (AGEL), has won the “Leaders Award” at the Sustainability 4.0 Award 2022, which was organized jointly by Frost & Sullivan and The Energy & Research Institute (TERI). Under the heading “Mega big

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Carbon offset plan unveiled by US

Carbon offset plan unveiled by US

John Kerry, the U.S. climate envoy, presented a carbon offset scheme last month that would let businesses support renewable energy initiatives in developing nations that are having difficulty switching from fossil fuels. The Energy Transition Accelerator program, which will be completed over the next year, collaborates with charitable organizations, including the Rockefeller Foundation and the

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Climes’ climbs on the Carbon mitigation carriage

‘Climes’ climbs on the Carbon mitigation carriage

Because of the numerous natural disasters like floods and forest fires that are all fatal effects of climate change, carbon mitigation is urgently needed. In large part due to careless human behavior, carbon emissions are at an all-time high. The main reason for climate change is this. Governments, organizations, and people worldwide must take educated

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