Climate action has been pushed to the back-burner when governments devise policy responses to global crises. This year’s global climate negotiations at the COP27 in Egypt were disappointing. In particular, the international commitment to limit planetary warming to 1.5 Degree Celsius remains on “life support”. But hope is not lost. In fact, 2022 was an… Continue reading COP27 was disappointing, but 2022 remains an historic year for international climate policy
Author: Economic Times of India Online News
Bengaluru Metropolitan Transport Corporation road poses threat to passengers, bus staff
The growing presence of commuters deboarding vehicles coming from parallel lanes renders the junction as an accident spot in waiting. The 350-metre-long BMTC buses-only road, stretching between Dhanvanthri Road on the east and Gubbi Thotadappa Road on the west, is dotted with potholes and rough patches, endangering the safety of hundreds of commuters and BMTC… Continue reading Bengaluru Metropolitan Transport Corporation road poses threat to passengers, bus staff
With more citizens opting for electric vehicles, Goa to get 40 new charging stations
To bridge the gap between a rapidly growing number of electric vehicles (EV) and few charging stations, the state government is looking at installing 40 such stations at a cost of Rs 3.2 crore. The Goa Energy Development Agency (GEDA) on Monday invited expressions of interest from firms for supplying, installing, commissioning, operating and maintaining… Continue reading With more citizens opting for electric vehicles, Goa to get 40 new charging stations
Biden’s ambitious climate plan stokes tension with EU allies
The IRA, a behemoth piece of legislation that largely focuses on climate and social spending, provides more than $430 billion in US investments. Certain provisions in US President Joe Biden’s landmark climate action plan, the Inflation Reduction Act (IRA), have provoked strong responses from the European Union, which fears it could hurt its industry. With… Continue reading Biden’s ambitious climate plan stokes tension with EU allies
Lack of EV charging stations: Bombay HC issues notice to state over society member’s plea
Dholakia said he has always honoured all bye-laws of his society but being environment conscious had purchased a new EV. Bombay high court had recently issued notice to state, registrar of cooperative societies, civic administration and Centre on a public interest litigation (PIL) filed by two south Mumbai residents seeking orders to the state to… Continue reading Lack of EV charging stations: Bombay HC issues notice to state over society member’s plea
U.S. green subsidies heighten fears for German industry
BERLIN – Building a lithium-ion battery factory in Germany, Europe’s top car producer, had seemed like a no-brainer for Northvolt. But a new U.S. law offering hefty subsidies to local manufacturers of green technology has given the company pause for thought. Chief Executive Peter Carlsson said that under the Inflation Reduction Act (IRA), Swedish-based Northvolt… Continue reading U.S. green subsidies heighten fears for German industry
UK delivering on new FTA with India, says Rishi Sunak
British Prime Minister Rishi Sunak has reiterated the UK’s commitment to a Free Trade Agreement (FTA) with India as part of the country’s wider focus on enhancing ties with the Indo-Pacific region. Delivering a talk Monday night at the Lord Mayor of London’s Banquet — his first major foreign policy speech since taking charge at… Continue reading UK delivering on new FTA with India, says Rishi Sunak
Ola Electric opens 14 new experience centres in India, plans 200 by year-end
The centres allow electric vehicles (EV) enthusiasts to experience its EV technology and also enable customers to take test rides of the S1 and S1 Pro. Ola Electric on Monday announced that it has expanded its direct-to-consumer (D2C) footprint by opening 14 new experience centres across 11 cities in the country. The company opened 3… Continue reading Ola Electric opens 14 new experience centres in India, plans 200 by year-end
Policy implementation took center stage at Mint EnergyScape
New Delhi: India has submitted its long-term low-emission development strategy at COP27, outlining a plan to achieve net zero emissions by 2070. The leaders of this clean energy transition in India met at EnergyScape to discuss the way forward. Besides a specific push for the use of electric vehicles, significant climate investments and green hydrogen… Continue reading Policy implementation took center stage at Mint EnergyScape
Indian banks’ loan growth to accelerate despite higher interest rates
India’s annual retail inflation eased to a three-month low of 6.77% in October, helped by a slower rise in food prices and a higher base effect. Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull,… Continue reading Indian banks’ loan growth to accelerate despite higher interest rates