In Short : Bank of Baroda has launched its ESG policy, pledging to achieve net-zero emissions by 2057. Key goals include a 75% cut in Scope 1 and 2 emissions by 2034 and ESG risk assessments for large loans by 2027. The bank is also promoting green finance products and tree planting initiatives to support […]
Bhopal Division Railway Stations Achieve Global Green Certification for Renewable Energy Initiatives – EQ
In Short : Nine railway stations in the Bhopal division have achieved global green certification for their use of renewable energy, marking a significant step toward sustainable infrastructure. These stations have adopted solar power and energy-efficient systems, reducing their carbon footprint. The certification highlights Indian Railways’ commitment to eco-friendly initiatives and aligns with global efforts […]
Govt plans National Green Financing Institution to achieve climate goals NITI Aayog – EQ
In Short : The Indian government plans to establish a National Green Financing Institution to boost climate funding and support its 2070 net-zero goal. Led by NITI Aayog, the initiative aims to lower capital costs for green projects by aggregating funds. It will help achieve India’s 2030 targets of reducing emissions intensity and increasing non-fossil […]
Railways will achieve 100% electrification in FY26: Ashwini Vaishnaw – EQ
In Short : Railway Minister Ashwini Vaishnaw has announced that Indian Railways will achieve 100% electrification by FY26, advancing its goal of net-zero emissions by 2030. This move will enhance energy efficiency, reduce dependence on fossil fuels, and lower carbon emissions, making rail transport more sustainable and cost-effective across the country. In Detail : Railways […]
India’s power sector needs USD 700 billion investment to achieve net-zero pledge, says Moody’s – EQ
In Short : Moody’s reports that India’s power sector needs a $700 billion investment over the next decade to meet its 2070 net-zero target. This equals 2% of GDP annually, focusing on renewables, grid upgrades, and energy storage. However, coal-based power is expected to rise by 35% in the next ten years to meet growing […]
Kerala Plans ₹42,800 Crore Investment to Achieve 50% Renewable Energy by 2030 – EQ
In Short : Kerala plans to invest ₹42,800 crore to enhance its power generation capacity by 7,750 MW by 2030, aiming for 50% renewable energy. The state focuses on solar, wind, hydropower, and energy storage. Additionally, Kerala has received proposals exceeding ₹72,000 crore for green hydrogen and ammonia plants, signaling a significant push toward sustainable […]
MMR Solar Initiative Empowers 2,448 Consumers to Achieve Energy Self-Reliance – EQ
In Short : A solar power scheme in the Mumbai Metropolitan Region (MMR) has enabled 2,448 power consumers to become self-reliant in energy. The initiative promotes the installation of rooftop solar systems, allowing consumers to generate their own electricity and reduce dependence on the grid. This move supports sustainability goals by encouraging the use of […]
Suzlon and Torrent Power achieve 1 GW wind energy milestone – EQ
In Short : Suzlon and Torrent Power have successfully achieved a major milestone by generating 1 GW of wind energy. This accomplishment highlights their commitment to renewable energy and sustainable power solutions. The partnership plays a crucial role in India’s renewable energy goals, contributing significantly to the country’s clean energy capacity. The achievement also underscores […]
India’s ISTS Projects Achieve ₹1 Trillion Milestone in Power Transmission Expansion – EQ
In Short : Inter-State Transmission System (ISTS) projects awarded through the Tariff-Based Competitive Bidding (TBCB) route have reached ₹1 trillion in the first nine months of FY25. This significant milestone highlights the rapid expansion of India’s power transmission infrastructure to support its growing renewable energy capacity. The projects are key to ensuring efficient power distribution […]
Harmonizing Carbon Taxes and Fuel Subsidy Reforms to Achieve Climate Targets – EQ
In Short : Aligning carbon taxes and fuel subsidies is crucial to achieving climate goals and ensuring sustainable development. By implementing carbon taxes, governments can incentivize businesses and consumers to reduce emissions. Simultaneously, reforming fuel subsidies can redirect financial support toward cleaner energy alternatives, promoting a shift away from fossil fuels. This dual approach will […]