Cabinet nod to 3% royalty rate for lithium, niobium mining
Cabinet also clears 1% royalty rate for REEs; these minerals have gained significance in view of India’s net-zero emissions target
energy transition
October 2023
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June 2022
Energy demand to double by 2070; net zero needs $15 trillion investment : FICCI-Deloitte
Grid decarbonisation aims for a transformative shift in the share of electricity in the final energy mix, from 18% in 2020 to over 50% by 2070.
ONGC to invest ₹1 lakh cr in energy transition; targets net zero by 2038
ONGC has tied up with the Rajasthan govt for setting up 5 GW of solar and wind capacity and is scouting for partners for the remaining 5 GW which includes offshore wind capacity
India to lead $50 bn global carbon credits market by 2030
Overall, the global market for carbon credits could be worth upward of $50 billion in 2030 from the current $2 billion market, experts say.
Budget allocation to energy transition not subsidy; fund to be used for refinery upgrade: FM
The finance minister pointed out that the government has not kept anything secret in the budget.
Budget 2023: Centre allocates ₹35,000 cr priority funding for energy transition
The Centre is implementing programmes like green fuel, green energy etc., for efficient use of energy across economic sectors, says FM.
Battery raw material shortages can derail EV sales and carbon offset plans
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium.
BPCL to set up 2 new petrochem units at Bina, Kochi
Feasibility studies and other pre-project activities are underway to set up an ethylene cracker project at Bina Refinery and a polypropylene project at Kochi Refinery
'Energy transition is a huge business opportunity'
Gautam Adani speaks to Fortune India on what drives his ambition that has stunned the corporate world for his seemingly insatiable appetite for new businesses.
