Tag: #climatechange
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Ecozen, climate-deeptech startup raises $25 million from Nuveen and others
Ecozen, a climate-smart deep tech company based in Pune, has raised $25 million in a new funding round headed by Dare Ventures, the venture capital arm of Coromandel International, and Nuveen, the Chicago-based asset management owned by US pension fund TIAA. Export-Import Bank of India (India EXIM Bank) and current investors Caspian and Hivos-Triodos Fonds…
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Amazon will launch its renewable energy trading business in India
The Indian government gave Amazon the go-ahead to begin trading renewable energy sources there. The e-commerce giant is developing many wind and solar projects in India after obtaining a category-III energy trading license. The business is permitted to trade up to 4,000 million units of electricity annually under a category III license. In India, Amazon…
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India Carbon Trading framework getting ready for 2023 launch
The Bureau of Energy Efficiency (BEE) has been selected to manage the voluntary carbon market, which is scheduled to launch in 2023. This year, the framework might be made public, and the need for voluntary carbon trading could also start up. BEE would support the electricity and environment ministries when they each provide notifications on…
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Toyota and Temasek support the climate biotech company Living Carbon
The newest fundraising round for the climate technology company Living Carbon, which seeks to boost trees’ capacity to absorb Carbon, was headed by Singapore’s Temasek, according to the startup’s chief executive Maddie Hall. Toyota, the largest carmaker in the world, Lowercarbon Capital, and Felicis Ventures contributed to the biotech’s $21 million Series A round, bringing…
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Innovative Project Brings Green Energy to Madagascar’s Vulnerable Communities
In addition to its unpredictable weather, Madagascar is renowned for its flora and animals. While there is a drought in the south, cyclonic showers affect the country’s northern and central regions. More than 2.2 million people in the southern areas, according to the World Food Program, experience food insecurity, which contributes to high rates of…
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By 2025, Himachal hopes to become the first state to use renewable energy
According to Chief Minister Sukhvinder Singh Sukhu, the Himachal Pradesh administration aims to make the state the first Green Energy State by the end of 2025 by harnessing hydro, hydrogen, and solar energy and switching to eco-friendly products. He gave instructions to all key departments, including HPSEBL, HIMURJA, Himachal Pradesh Power Corporation Limited (HPPCL), and…
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By 2030, Adani Group promises to plant 100 million trees
As part of a global effort to slow down climate change, The Adani Group has committed to planting 100 million trees by 2030. The group has planted 29.52 million trees out of the 100 million total. It is one of the most ambitious corporate pledges made internationally and the most significant 1t.org pledge in India…
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D2C brand Beco raises $3 million from Rukam Capital
Rukam Capital, Priyavrata Mafatlal, Better Capital, Prashant Pittie, and Titan Capital led a Series A round of funding in September 2022 for the environmentally friendly personal care company Beco, which raised $3 million (Rs 24 crore). Along with Exceed Entertainment, investors Bimal Parekh, Sweta Amrish Rau, Arjun Purkayastha, Harish Narayanan, Rehan Shaikh, Shantanu Deshpande, Kolte-Patil…
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Andhra Pradesh wants to lead the way in green energy
Andhra Pradesh is making significant progress in luring capital for renewable energy and is fighting hard against the states that were formerly recognized as centers for green energy plants. The state was positioned at fourth place in 2022 for green energy generation and plans to lead in the next two to three years since the…
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Greenko Group and Granules India collaborate on “green” pharmaceutical zones
Granules India, a pharmaceutical company headquartered in Hyderabad, has partnered with Greenko Group to create the first-ever Integrated Green Pharmaceutical Zones (GPZ) located in Kakinada, Andhra Pradesh. Through this, Granules India aims to establish a leadership position in sustainability and circular economy initiatives and be a pioneer in the sector through its strategic partnership with…