Arun Kumar Singh, chairman of India’s top oil and gas producer ONGC, said on Monday that the company plans to invest 1 lakh crore in energy transition projects by 2030 as part of its goal of reducing carbon emissions to zero by 2038. As part of the nation’s commitment to fight climate change, Indian Oil
According to the Future of green Jobs Report 2023, published by the World Economic Forum, 26 million jobs will be lost globally by 2027. However, a macrotrend identified in the report deserves attention. Investing in green transformations, adopting ESG standards, and localizing supply chains will have the greatest net job creation impact, according to the
Oil and Natural Gas Corporation (ONGC) has canceled bids received for its Daman upside gas development project off the western coast after receiving high price quotes, sources said. The project is crucial to ONGC’s strategy of ramping up gas production from its shallow-water fields off India’s west coast. With the completion of the project, 4.5
Despite not involving China, the Chinese yuan is gaining traction in cross-border payments. Pakistan has become the latest country to indicate that it will use the Chinese currency Yuan paying for Russian oil across borders. Pakistan is considering a new payment method for its first Russian crude oil order for 750,000 barrels that will arrive
Access to electricity is often limited and prohibitively expensive in rural areas across the world. Solar power, in this context, has the potential to provide a cheaper and cleaner source of energy in these areas. One major advantage of solar power in rural areas is its increased availability since these regions lack access to
Hyundai Motor Group, led by billionaire Euisun Chung, announced on Tuesday that it will plan to spend $18 billion on its domestic EV manufacturing business. Hyundai will plan to expand domestic EV production to 1.51 million units by 2030, and global EV production to 3.64 million units by 2030, including Hyundai Motor, sister company Kia
Did you know that solar energy supplies around 2.8% of the electricity produced in the United States? Going solar is all the rage across the country, but you don’t want to end up with a cheap system or installation. The biggest investment that you’ll make in your home is the initial installation of solar energy.
The Adani Group has taken action to suspend work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. Sources reported that this move is to focus resources to consolidate operations and address investor concerns stemming from a damning report by a US-based short seller. Earlier this year, the group’s main company Adani Enterprises
Scientists claim that Climate change is affecting everyone. Animals are no exception. There are chances that cold-blooded animals like insects, worms, reptiles, fish, and amphibians may face the risk of extinction as they cannot bear extreme heat due to global heating. Although, warm-blooded animals like mammals and human-beings are able to adapt with the temperature
A large stretch of boreal forest carbon sink in the Northern Hemisphere covers some parts of Scandinavia, Siberia, Canada, and Alaska. It covers a tenth of the whole World’s land and one-third of carbon store, majorly in trees and organically rich soil. As per the Journal Science’s new study, the evidence of an alarming rate
