Businesses in India continue to face significant challenges such as the complexities of transition, lack of talent and limited resources in their journey towards net zero carbon targets. 71% of businesses in India believe collaboration is critical to clearing these barriers. 63% said lack of access to peer-to-peer networks and cross-sectoral communities is the biggest challenge hindering climate cooperation.
A new solar power plant at Heineken NV South Africa will meet 30% of a brewery's electricity needs. The 19-hectare (47-acre) project will generate 17,000 MWh of electricity annually. State utility Eskom frequently implements rolling blackouts, called "load shedding," as it struggles to meet demand.
The drop in Russian fossil fuel exports after the invasion of Ukraine will change the global energy landscape for decades. The IEA's annual World Energy Outlook acknowledges the hit to the economy from reduced supplies of Russian oil, gas and coal. The short-term gap created by the reduction in Russia's fossil fuel supply needs to be filled elsewhere. The strongest candidates are "short lead-time" projects that can quickly bring oil and gas supplies to market. The International Energy Agency (IEA) predicts that by 2030 Russia's share of the global energy market will fall from around 20% today to below 10%. For the first time, demand for each fossil fuel has peaked or plateaued, the IEA said.
Japan's power sector is under unprecedented pressure due to its heavy reliance on fossil fuels. A transition to renewable energy could free Japan from its history of high electricity bills, leading to lower prices, greater stability and greater energy security. Japan must increase carbon pricing to at least $30 per ton of carbon dioxide, while immediately closing existing loopholes that allow green money to be diverted to unproven and inefficient fossil fuel technologies.
Singapore has lowered its forecast for carbon dioxide emissions to 2030 and will reach peak emissions earlier. Deputy Prime Minister Lawrence Wong said the city-state aims to achieve net-zero emissions by 2050. The country had previously targeted a peak of 65 million tonnes of carbon dioxide equivalent in 2030.
Borosil Renewables Ltd, India's first and only solar glass manufacturer, announced that it has acquired an 86% stake in InterFloat Group. The Interfloat Group consists of two companies - GMB Glasmanufaktur Brandenburg GmbH (GMB), headquartered in Tschernitz, Germany, and Interfloat Corporation, headquartered in Liechtenstein. The company said it aims to strengthen the market leadership that Interfloat has established by more effectively meeting the needs of European customers.
Asia's richest man, Gautam Adani, is in exploratory talks for a large-scale renewable energy project in Morocco. The project aims to provide Europe with electricity and emission-free fuels. This could be Adani's largest clean energy development outside India, with a potential capacity of up to 10 gigawatts.
Conclave provides stakeholders with ideas for investing in future infrastructure projects, programs, government strategies and market-leading innovations. The conference is designed to be a discussion and networking platform for industry representatives, policy makers, business leaders, academics, researchers, professionals, administrators and education leaders. India currently consumes about 4.44 million barrels of crude oil per day, of which 3.43 million barrels (nearly 88%) are imported.
Novi Pazar is the third city in Serbia to install a biomass heating plant after Mali Zvornik and Priboj. The heating plant, with a capacity of 8 MW and two auxiliary units, 4.5 MW and 7 MW, will be fueled by natural gas. KfW provided the loan, and the Swiss National Secretariat for Economic Affairs approved the grant.
The Capgemini Institute's report, "Automotive Sustainability: From Ambition to Action," analyzes the current maturity of sustainability initiatives across the industry. Total greenhouse gas (GHG) emissions have decreased by only 5% since 2018 and are expected to decrease by a further 19% by 2030. At this rate, the industry is unlikely to meet its overall goal of net emissions. Zero emissions by 2050. Only 41 percent of executives surveyed said their organization had a dedicated sustainability program for battery end-of-life; for secondary batteries, that dropped to 28 percent. Customers are reluctant to switch to electric vehicles due to range anxiety, charging costs, ease of use of spare parts for internal combustion engine (ICE) vehicles, and more attractive repair options. Poor integration of key sustainability performance indicators and performance management has stalled the implementation of these initiatives.