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Panasonic plans to reduce 1% of global emission by 2050, says Panasonic Middle East & Africa MD Hiroyuki Shibutani (Interview)
Looking ahead to 2050, Panasonic Group aspires to make a significant impact, aiming to cut CO2 emissions by over 300 million tons—equivalent to approximately 1% of the current global total emissions
COP28: A Beacon of Hope for a Sustainable Future
As the largest COP in history concluded in Dubai, the conference agreed on some of the landmark decisions such as transition away from fossil fuels, loss and damage and cutting down methane emissions
Will Europe Launch Carbon Tax on LNG Imports?
The EU launched its carbon border adjustment mechanism (CBAM) in October 2023, initially targeting specific industries like steel and aluminum. While LNG isn’t included for now, the bloc has extended its Emissions Trading Scheme (ETS) to shipping.
SBI Raises $250 Million Though Green Notes
This issuance, part of SBI’s USD 10 Billion medium-term note program, reaches maturity on December 29, 2028, and was executed through a private placement facilitated by its London branch
Recent Posts
Cyan Renewables Acquires MMA Offshore in $726 Million Deal
MMA shareholders will receive A$2.70 per share in cash, representing a premium of 36% over the stock’s 90-day average price.
Indian Businesses Lead in ESG than Global Counterparts: Study
The study revealed that Indian companies are more likely to be engaged in ESG reporting and compliance (65%) compared to Singapore (62%), Hong Kong (53%), and China (41%).
FM Announces Policies to Boost Solar and Nuclear Power; EVs and Hybrid Neglected
For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefiting women and girls.
India Making Strides in Climate Action: Forests to Absorb More Carbon; Economic Survey
The country’s GDP grew at a healthy 7% rate between 2005 and 2019, while emissions increased at a slower pace of 4%.
Middle East ESG Weekly Round-Up
Major ESG Events in Middle East area this week
FarmERP and Seiyaj Tech Sign MoU to Localize Green Energy Technologies
This strategic partnership aims to bring advanced agricultural and green energy technologies to the Saudi market, supporting the Kingdom’s sustainability and energy diversification goals.