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Your Climate Action Diary - 55

Year 2024 • Week 03 • Anushthatri Sharma
Hi,

A happy new year to you ! Organising and re-organising for the year that is to come I hope. 

As we start 2024, the climate news-cycle has been on the up-turn.

Renewable projects are finding finance, especially in India and UK within the first two weeks of the year. India aims to led the world on Green Hydrogen production. There is also some visible effort to boost the Indian Carbon Market that has surfaced. The Indian Carbon market is to become an important instrument for financing several climate projects in the years to come & this move is more than welcome.

We hope these announcements will come full circle with effective execution and delivery.

Happy Reading & Yes, wishing you a healthy year ahead, once again.
 
Regards,
Harish, 
Team - OnePointFive Tribe

VCMI & CMAI Unite For Indian Carbon Market Growth

The Voluntary Carbon Markets Integrity Initiative (VCMI) and The Carbon Markets Association of India (CMAI) collaborated to enhance India's engagement in high-integrity international carbon markets. Focused on fostering positive environmental change, the partnership aims to empower Indian stakeholders, attract private investment aligned with climate priorities, and facilitate fair carbon finance flows.

UK Unveils Plan For Nuclear Expansion

The UK government unveils plans for a major nuclear power expansion, aiming to build reactors generating 24GW by 2050, constituting a quarter of national electricity. Despite concerns about project delays and escalating costs, the roadmap supports one or two reactors every five years from 2030 to 2044. Chancellor Rishi Sunak asserts nuclear energy as a green and cost-effective solution for long-term energy security. Critics, including Greenpeace, question the economic viability of nuclear power and advocate for renewable alternatives.

New Boost To Green Hydrogen In India

The Solar Energy Corporation of India (SECI) has awarded incentives to nine firms, including Reliance Green Hydrogen, ACME Cleantech Solutions, and Greenko Zero, for establishing facilities to produce 4,50,000 tonnes of green hydrogen under the SIGHT Scheme. Reliance Green Hydrogen will produce 90,000 tonnes at an average rate of Rs 18.9 per kg, while ACME Cleantech Solutions and Greenko ZeroC will each produce 90,000 tonnes at Rs 30 per kg.

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