“The COVID-19 crisis could mark a turning point in progress on climate change,” the authors wrote, adding that much would depend on policy choices made in the next six months LONDON: Massive programmes of green public investment would be the most cost-effective way both to revive virus-hit economies and strike a decisive blow against climate […]
Moody’s lowers forecast for green bond issuance this year
Green bonds are fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport LONDON: Moody’s said on Tuesday it had lowered its estimate for green bond issuance this year to $175 billion to $225 billion, down from its previous forecast of $300 billion, due to the economic effects […]
Coronavirus risks future of India’s coal-fired power plants: IEEFA
NEW DELHI: The coronavirus pandemic and subsequent nationwide lockdown have highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being replaced by new, cheaper, and cleaner renewable energy, an IEEFA note said on Monday. Entitled ‘Who Would Still Fund a New Coal Power Plant in India?’, the note said renewable energy […]
First Cobalt pioneers cobalt production for electric cars in North America
The Canadian company’s plans for its cobalt refinery in Ontario, would be a step towards helping North America reduce reliance on China, which dominates the supply chain for rechargeable lithium-ion batteries LONDON: First Cobalt said on Monday it expects to start making cobalt sulphate around the turn of the year and become North America’s first […]
Electric vehicle makers see huge opportunity post Covid-19
Post Covid-19, the global electric vehicle and electric vehicle infrastructure market is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1 per cent. India is expected to be a significant contributor to this growth CHENNAI: With more and more Indians adopting the social […]
India doubles down on solar, gas at coal’s expense as electricity use falls
Overall electricity use fell by about 24 per cent in April, the data from POSOCO showed, as all industries and offices not categorized “essential” were shut as a part of a nationwide lockdown to prevent the spread of the coronavirus CHENNAI: India’s solar and gas-fired electricity generation rose in April even as overall power demand […]
UPDATE 2-Buffett’s Berkshire posts nearly $50 bln loss as coronavirus causes pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said most of its more than 90 businesses have faced “relatively minor to severe” negative effects from COVID-19, […]
Peak power demand in India still down 26 per cent at 134.7 Gigawatt in May
New Delhi: Peak power demand remained down by over 26 per cent in May so far at 134.7 GW despite partial easing of the coronavirus lockdown. In April too the peak power demand was down by about one-fourth as compared to the corresponding month last year. According to power ministry data, the peak power […]
Covid-19 SNR Samskruti Ayurveda Kendra making 2000 cloth masks to give to needy ones in Hyderabad
Covid-19 SNR Samskruti Ayurveda Kendra making 2000 cloth masks to give to needy ones in Hyderabad – Telangana Coronavirus updates Hyderabad: In an effect to help the needy people to safeguard themselves from Novel coronavirus aka Covid-19 pandemic the SNR Samskruti Ayurveda Clinic – Hyderabad is preparing 2000 cloth masks to be distributed almost free. […]
Shell and BP Slash Spending but Renewables Largely Spared
Two of the world’s oil supermajors suggested this week that oil demand may never fully recover from the coronavirus crisis. Shell just did the thing CEO Ben van Beurden said no leader of the company would ever want on their record: cut its shareholder dividend for the first time since World War II. In slashing […]