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Jindal Stainless Commits to Science-Based Targets for Carbon Neutrality by 2050
Jindal Stainless, India’s leading stainless steel manufacturer, has announced its commitment to set near-term science-based emissions reduction targets and achieve Net Zero by 2050, as outlined by the Science-Based Targets initiative (SBTi). This pledge marks a pivotal step in the company’s strategy towards carbon neutrality, positioning Jindal Stainless as the largest entity in its sector…
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SolarEdge Partners with AMPEERS ENERGY to Revolutionize Decarbonization in Multi-Dwelling Buildings
SolarEdge Technologies, Inc. (SEDG), a leader in smart energy technology, has announced its strategic investment in AMPEERS ENERGY, a German software start-up specializing in decarbonizing the multi-dwelling sector in Germany and Austria. The partnership aims to merge SolarEdge’s solar and smart energy solutions with AMPEERS’ software to offer an integrated photovoltaic tenant electricity solution for…
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Upstream Oil & Gas Emissions Intensity Falls 12% Since 2017; Challenge of Absolute Emissions Remains, Says Wood Mackenzie Report
In a recent analysis by Wood Mackenzie, a leading research and consultancy firm in the energy sector, findings indicate that efforts to reduce carbon emissions in the upstream oil and gas industry have resulted in a 12% reduction in scope 1 and 2 emissions intensity since 2017. Despite these advances, the report titled “Is upstream…
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Mahindra Group and Johnson Controls Unveil Initiative for Net Zero Buildings in India
The Mahindra Group, a leading Indian industrial conglomerate, has teamed up with Johnson Controls, a global pioneer in smart and sustainable building solutions, to launch an innovative Net Zero Buildings Initiative aimed at advancing India’s efforts to decarbonize its burgeoning building infrastructure. This initiative is designed to facilitate India’s transition to smart, sustainable buildings, crucial…
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India’s First Carbon Capture Plant to be Established by NTPC Vindhyachal: A Leap Towards Sustainable Energy
NTPC Vindhyachal, under the guidance of Executive Director E Satya Phani Kumar, is set to inaugurate India’s pioneering carbon capture facility within the year, marking a significant stride in sustainable energy practices. This groundbreaking plant aims to mitigate carbon emissions from power generation by converting carbon dioxide into methanol. This methanol will subsequently be utilized…
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Goa Government and PFC Launch Groundbreaking Blended Finance Initiative for Climate Action
In a significant move towards achieving India’s climate goals, the Power Finance Corporation (PFC), a prominent non-banking financial company (NBFC) specializing in the power sector and a major financier of renewable energy projects in India, has inked a Memorandum of Understanding (MoU) with the Government of Goa. This partnership is aimed at supporting Goa’s climate…