Hello,

Hope you are well.

Once again, welcome back the doppelgänger nature of the climate-action movement. 

In the past two weeks, alarming reports surfaced highlighting the state of our planet with oceans reaching their highest temperatures in 400 years, Antarctica recording midwinter temperatures 28°C above expectations, and 2024 now being on track to become the hottest year on record—surpassing a record set just last year.

During this same period, major fossil fuel companies like Shell and BP reported record profits, largely driven by their shift away from low-carbon solutions and a renewed focus on expanding fossil fuel operations. Troublingly, these profits have come amidst new reports of under-reporting of emissions from oil and gas industry. 

Meanwhile, in India, energy developments have been a mixed bag. We’ve seen the launch of a joint venture to convert coal into synthetic natural gas, the announcement of a new ultra-supercritical thermal power plant, plans for a ₹50,400 crore nuclear power plant, increased solar panel production, and the upcoming launch of a Green Energy Gigafactory.

Happy Staying Updated,

Harish 

(Team OnePointFive)