EU carbon tax to have minimal impact on domestic aluminium producers: ICRA
The CBAM, a form of carbon tax acting as an import duty, is set to be implemented from January 1, 2026.
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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
India sets up panel to frame carbon trading rules
The central government has set up a national steering committee which will regulate the development of a carbon trading market in India.
COP27: Fighting climate crisis against carbon billionaires
The good news is, after the COP15 (2009) commitment to help developing/poor countries with $100 billion a year in adopting green energy, rich countries committed to “loss and damage fund” at COP27.
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
SMEs struggle to achieve carbon net-zero: CII’s Sanjiv Bajaj
The move to net-zero carbon will throw up a whole set of new business opportunities and ideas, says CII chief Sanjiv Bajaj.
Fossil-clean energy mix can ease transition pains
Phasing out fossil fuels is a gradual process and therefore a hybrid system ensures better reliability than directly switching to purely clean energy systems.
Record global coal consumption threatens 'Net Zero' pledges
Demand in China and India pushed global thermal electricity generation an estimated 9% in 2021 and will go up further by 2024.
