China Retaliates with Trade Probe After EU Scrutinizes Solar, Wind Power
China’s probe will examine wind turbines, photovoltaic cells (used in solar panels), security equipment, and other products and will conclude by January 10th, 2025, with a possible extension to April.
Most Companies Unprepared for Upcoming Climate Reporting Rules; Accenture Survey
The findings highlight a disconnect between the rising focus on ESG issues and the ability of companies to report and manage them effectively.
BIS Ups Safety Standards for Electric Vehicles in India
E-rickshaws and e-karts are gaining traction nationwide, prompting BIS to establish specific safety standards for these popular vehicles as well.
New EU Green Rules to Hurt Developing Country Exporters
The Ecodesign for Sustainable Products Regulation (ESPR), recently adopted by the EU, mandates stricter environmental standards for a wide range of goods sold within the bloc.
Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%
The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue.
NSE’s EV Index: A Stimulant for India’s EV Segment
The base date of the index is April 2, 2018, with a base value of 1000. It will undergo semi-annual reconstitution and quarterly rebalancing.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.
Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.
India Launches Anti-dumping Probe on Solar Glass Imports from China, Vietnam
Borosil Renewables Limited, representing the domestic industry, filed the application urging for an investigation and the imposition of anti-dumping duties.
UAE Extends Year of Sustainability to 2024: Building on COP28 Momentum
The announcement came on the occasion of the National Environment Day