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Driving Change: Ecomm firms amp up for sustainable future
Economic Times
ยท
2m ago
Medial
The Indian e-commerce industry is rapidly transitioning to electric vehicles (EVs) for last-mile delivery, spurred by companies like Amazon, Flipkart, and Swiggy. This shift aims to reduce emissions and operational costs while aligning with sustainability goals. Amazon has deployed over 10,000 EVs, achieving its goal ahead of schedule. Flipkart uses EVs for over 70% of grocery deliveries. Companies are also expanding EV infrastructure and partnerships, with a long-term focus on achieving a sustainable, eco-friendly logistics model.
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Championing a tech-driven path to sustainability
Techradar
ยท
1y ago
Medial
The role of technology in driving sustainable innovation is becoming increasingly important in the context of the global movement for action on climate change. Adopting sustainable practices not only provides commercial advantages but also has a direct impact on talent attraction. Technology is central to executing ESG (Environmental, Social, and Governance) strategies, reducing carbon footprints, and increasing productivity and cost savings. Businesses are relying on technology leaders for sustainable solutions. Decision-makers can leverage digital technologies to achieve substantial carbon emissions reduction and make informed, data-driven decisions. Smart buildings, IoT technology, and sustainable travel policies are examples of tech-driven sustainability. It is crucial to manage technology sustainably, considering hardware efficiency, power sources, waste reduction, and responsible recycling and disposal. Collaboration and partnerships are key in addressing climate change, and the tech community plays a crucial role in advancing sustainable technology.
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Survey calls for tax breaks on EVs, subsidies on renewable energy for low-carbon lifestyles
YourStory
ยท
7m ago
Medial
The pre-budget survey 2024-25 emphasizes tax breaks for electric vehicles and subsidies for renewable energy to encourage low-carbon lifestyles. It highlights financial incentives as effective in promoting sustainable practices. The Indian government has initiated various environmental measures like PM KUSUM to support solar power. The survey also stresses educating the public on environmental impacts and leveraging community engagement to inspire sustainable behaviors, fostering a culture of low-carbon living and driving behavioral change over time.
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The New Renaissance: Venture Capital Fuels Climate Tech Innovations
Inc42
ยท
1y ago
Medial
According to PwC's State of Climate Tech 2022 report, climate tech funding in 2022 accounted for more than 25% of all venture capital investments. Venture capital firms not only provide financial support but also act as mentors to startups in the climate tech sector. VC funding plays a vital role in driving technological innovation and has led to advancements in areas such as electric vehicles and hydroponic agriculture. Climate tech investments are not just limited to global initiatives but also have local impacts, such as the transition to eco-friendly transport in India and advancements in food production technologies. Venture capital is instrumental in shaping a sustainable future by supporting and catalyzing climate tech innovations.
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University of East London, Siemens, and T-Hub Collaborate for Sustainable Higher Education in Hyderabad
Livemint
ยท
9m ago
Medial
The University of East London (UEL), Siemens UK, and T-Hub Hyderabad held an event in Hyderabad, focusing on the role of industry and higher education in driving sustainability. UEL has partnered with Siemens UK to achieve net-zero carbon emissions on campus by 2030. The event brought together leaders from academia and industry to discuss innovative solutions for a sustainable future in education. It featured keynote addresses, a virtual presentation on Siemens' global work with higher education, and a panel discussion on industry-academia partnerships. The event aimed to create a platform for collaboration and networking for sustainable development in education.
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Exxon Sues Two ESG Investors
Livemint
ยท
1y ago
Medial
Exxon Mobil has filed a federal lawsuit against sustainable investment firms Arjuna Capital and Follow This to prevent them from presenting a shareholder proposal that would require the oil company to further reduce its greenhouse-gas emissions and address customer emissions. The lawsuit accuses the investment firms of seeking to interfere with Exxon's existing business and force it to alter its product offerings. This legal action is taking place amidst growing opposition to ESG (environmental, social, and governance) investing and increased scrutiny of shareholder proposals related to climate change.
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Nasscom anticipates more layoffs across IT services industry in the near term - The Economic Times
Economic Times
ยท
1m ago
Medial
Nasscom anticipates job cuts in Indiaโs IT sector as AI and automation reshape services, with TCS recently announcing 12,000 layoffs. The shift towards product-aligned delivery models and the demand for agility and innovation are driving this change. Reskilling is crucial, with over 1.5 million professionals trained in AI. The future will favor specialized, deep-domain skills, highlighting the need for workforce transformation to adapt to evolving client expectations and technological advancements.
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Former Venture Garage, Cuemath execs float climate-focused VC fund
VCCircle
ยท
10m ago
Medial
Former partner of Venture Garage, Pawan Raj Kumar, and ex-VP of Cuemath, Aakash Kushwaha, have launched a new venture capital fund called ZeCa Ventures. The fund, based in Bengaluru, will focus on investing in startups and companies that are dedicated to reducing carbon footprint and addressing climate change. The aim is to support innovative solutions that contribute to a more sustainable future.
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Climate tech VC Satgana closes first fund that targets early-stage startups in Africa, Europe
TechCrunch
ยท
1y ago
Medial
Climate-tech venture capital firm Satgana has closed its first fund at ยฃ8m ($8.6m), below its initial target, due to a challenging fundraising environment. The fund will support up to 30 early-stage startups in Africa and Europe working on climate change resilience. Satgana focuses on sectors such as mobility, food and agriculture, energy, industry and the circular economy. It has already made 13 investments, including in African companies Amini, Mazi Mobility and Kubik, and European firms Rebel Tech and Orbio Earth. Satgana intends to launch further funds in the future.
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India achieves 50% non-fossil fuel power generation capacity 5 years ahead of 2030 target
Economic Times
ยท
1m ago
Medial
India reached 50% non-fossil fuel power generation capacity, achieving this milestone five years ahead of its 2030 target. With 242.8 GW from non-fossil sources out of a total installed capacity of 484.8 GW, this accomplishment is significant for meeting international climate commitments. Union Energy Minister Pralhad Joshi credited Prime Minister Narendra Modi's leadership for driving India's green transition, highlighting the goal of reaching 500 GW renewable capacity by 2030 as India progresses towards a sustainable future.
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Water Is the Next BitcoinโAnd the Elite Are Already Buying Water Rights
YourStory
ยท
5m ago
Medial
In a shift from digital assets, elites are investing in water rights, recognizing its future scarcity and immense value. As climate change exacerbates water crises, billionaires and firms discreetly buy land with water resources, seeing it as "blue gold." This privatization risks monopolizing an essential public resource, raising ethical concerns over access and equity. As water becomes a strategic asset, governments must regulate its distribution to avoid future inequalities and ensure it remains a basic human right.
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