Hydrogen is central to Europe’s plans to decarbonise heavy industry BRUSSELS : The European Commission published rules on Monday that could allow some hydrogen produced in nuclear-based energy systems to count towards EU renewable energy goals, signalling a win for pro-nuclear France. Hydrogen is central to Europe’s plans to decarbonise heavy industry, and the rules […]
Future of trade is digital, green and inclusive: WTO chief – EQ Mag
The World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said the future of trade is in services and it has to be green, digital and inclusive. Slowing global growth has been posing a huge challenge for the 2023 trade outlook, while the war in Ukraine, concerns about COVID and fragile supply chains have caused many […]
XPENG Goes Green with Sungrow PV Inverters Installed in Its Manufacturing Base – EQ Mag Pro
Zhaoqing, China : Sungrow, the global leading inverter solution supplier for renewables, announced the Company supplied string inverters to a 20.735MW rooftop PV plant in the manufacturing base of XPENG, a China-based emerging electric vehicle (EV) manufacturer. This plant demonstrates XPENG’s goal of achieving greener manufacturing which is powered by renewable energy. The manufacturing base […]
Hindustan Zinc charts $1 bn plan to turn green – EQ Mag Pro
Hindustan Zinc is planning to expand its mining capacity from 1.2 mn tonnes to 1.5 mn tonnes. The company currently deploys 600-700 underground mining equipment, which could go up to 900 after expansion, CEO Arun Misra said. HZL is planning to expand its zinc, lead and silver mining capacity from 1.2 million tonnes to 1.5 […]
Green Push Leaves U.K. Energy Supply at the Mercy of Weather – EQ Mag Pro
The U.K.’s wind-power drive has dramatically cut carbon emissions, but it’s also created a vulnerability that’s been brutally exposed. Calm weather over the past two weeks has cut output from the country’s 11,000 turbines, which account for more than 20% of electricity generation. Coupled with a Europe-wide gas shortage, the crunch has forced some companies […]
Walmart breaks green-bond record with $2 billion debut sale – EQ Mag Pro
Walmart’s inaugural sustainable debt issuance comes amid efforts to reduce carbon emissions, boost recycling and clean up its supply chainWalmart Inc. made its green bond market debut with a $2 billion offering Wednesday, the largest ever from a U.S. corporation, according to data compiled by Bloomberg. The retail giant’s inaugural sustainable debt issuance comes amid […]
Thailand’s Oil Giant Is Going on a Green Spending Spree
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics. PTT Pcl announced investments of almost $10 billion since May to build an EV business and snap up petrochemical assets in […]
US$414 Million Green Bond Issuance at Lowest Ever Yield for Renewable Energy Company in India
EBENE, Mauritius : Azure Power Global Limited (NYSE: AZRE), leading independent renewable power producer in India, announced issuance of a dollar green bond of US$414,000,000, through its wholly owned subsidiary, Azure Power Energy Ltd (the “Bond”). The Bond, maturing in 2026, will be issued at a coupon of 3.575%, i.e., lowest ever coupon in the […]
China Raises Export Tariffs For Some Steel Products Again in Green Push
Export tariffs for high-purity pig iron will be lifted to 20% from 15%, and for ferrochrome will be increased to 40% from 20%, the Ministry of Finance said in a statement on Thursday. China will raise export tariffs for pig iron and ferrochrome, and remove export tax rebates for 23 steel products from Aug. 1, […]
‘Green’ Energy Projects Threaten to Wipe Off Ancient ‘Orans’ in Jaisalmer, Rajasthan
Almost every village and temple in Jaisalmer has an ‘oran’ or a sacred grove believed by many to be the abode of gods. They are also home to many endangered species of trees, birds and other creatures. However, plans are afoot to use the land to set up renewable energy projects, which locals fear might […]