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India has the capacity of earning over US$ 100 billion by the trade of CERs, according to panelists at a seminar. The country has already realized CERs worth over $ 300 millionAbout 930 carbon credit projects are resting in Indian carbon trade basket, while 160-180 such projects are likely to...

Olympus Capital Holdings Asia is close to raising a $250 million investment fund to focus on environment-related sectors in China and India, two sources with direct knowledge of the plan said.Hong Kong-based Olympus Capital, which has about $1 billion under management, expects to officially launch the fund in the next...

India's largest hydro-electric power producer, NHPC, is foraying into wind power generation by setting up a 100-MW power project in Madhya Pradesh. "The company is setting up a 100-MW wind energy project at Kukroo in Madhya Pradesh," NHPC CMD S K Garg told PTI. It also plans to enter into...

Indian Officials are laying the framework for an economy based on natural gas and fuel cells. They say they're laying pipelines that could lead to the emergence of an economy based on natural gas, instead of oil.India imports over 65% of its oil consumption. But Indian officials are enacting a...

Emerging green economy in the country may see creation of nine lakh jobs in India by 2025, a top government official said."India could generate nine lakh jobs by 2025 in biomass gasification, of which three lakh would be in manufacturing of stoves and six lakh in areas such as processing...

With an investment of US $10 billion dollars in energy efficiency improvements, India's economy would benefit from its potentially vast annual energy savings of 183.5 billion kilowatt hours, according to a new report from the World Resources Institute (WRI), says this news item from Renewable Energy World. A key element...

I can fully appreciate and agree with the following opinion from this post "How about investing 12,000 dollars a year, a payback time of nine months and annual savings of 17,000 dollars? Unrealistic? No, this is the result of energy saving measures in the large and energy-intensive Lilavati Hospital in...

The Union Government has finalized the draft for the National Solar Mission. It aims to make India a global leader in solar energy and envisages an installed solar generation capacity of 20,000 MW by 2020, 1,00,000 MW by 2030 and of 2,00,000 MW by 2050. The total expected funding from...

Collaboration with Russia in exploration of oil and gas might be the answer to India's energy crisis instead importing fossil fuel from there, a CII report said.India has proposed many joint ventures between the two countries to strengthen the energy ties, as it plans to double its annual import of...

An Indian company and a Nepali firm have recently formed a joint venture company -- USP Wind and Power System-- in Kathmandu to tap wind energy.Executive director of the joint-venture, Surendra Bahadur Singh, said on Friday, “This company aims to tap wind to generate electricity in the Kathmandu Valley and...