Does money grow on volcanoes? El Salvador explores Bitcoin mining

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El Salvador’s President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from the country’s volcanoes. El Salvador became the first country in the world to adopt bitcoin as legal tender after its Congress approved Bukele’s proposal to … Read more

World leaders pledge climate action at summit

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World leaders are pledging action on climate change on the virtual climate summit‘s second day. Denmark’s Prime Minister Mette Frederiksen on Friday renewed her country’s pledge to end oil and gas exploration in the North Sea, switching to massive wind farms. Danish companies are planning several wind farms off the U.S. East Coast as part … Read more

What Elon Musk and Jack Dorsey are missing about Bitcoin and green energy

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By William Mathis and Lars Paulsson A trio of Jack Dorsey, Cathie Wood and Elon Musk are promoting the idea that Bitcoin mining can be good for the planet actually. That’s not exactly true. The basis of the idea is that mining crypto currencies uses a lot of power and can be deployed at any … Read more

We look forward to working with Germany on cooperation in Indo-Pacific: Foreign Secretary Harsh Vardhan Shringla

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NEW DELHI: India on Friday said it was looking forward to working with Germany in advancing practical cooperation in the Indo-Pacific region to ensure security and growth for all. In an address at a virtual conference on Indo-German ties, Foreign Secretary Harsh Vardhan Shringla referred to Berlin’s release of policy guidelines for the Indo-Pacific region, … Read more

Firms with sustainable purpose are doing better by all measures: Lord Nicholas Stern

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Lord Nicholas Stern is IG Patel Chair of Economics and Government at the London School of Economics (LSE). The distinguished economist discusses his visionary insights on sustainable finance with ET Evoke:The term ‘sustainable’ means offering the next generation opportunities which are at least as good as ours. ‘Opportunities’ include human capital or health and education, … Read more

Govt may impose customs duty on solar equipment soon

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NEW DELHI: The ministry of new and renewable energy has asked solar manufacturers to provide a list of machinery and capital goods that should be exempted from basic customs duty (BCD), indicating that the duty may soon be imposed. “Ministry of New and Renewable Energy had consultation with Ministry of Finance and Department of Heavy … Read more

Duty concessions for wind turbine components may continue

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BENGALURU: The ministry of new and renewable energy (MNRE), which was considering withdrawal of the customs duty concessions it provides wind turbine manufacturers, is now in favour of continuing these concessions for some time, sources said. MNRE held several rounds of discussions with Indian wind equipment makers about the duty concessions. It held the view … Read more

View: Steps India needs to take for green and energy efficient future

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Synopsis The energy intensity of India’s GDP decreased by more than 20% over the past decade. Our share in global CO2 emissions is around 6%, versus a population share of about 16%. Per-capita emissions are 1.6 tonnes of CO2, versus the global average of 4.4 tonnes. By Gaurav Bhatiani & Sanjeev AhluwaliaDelivering the 19th Darbari … Read more

Ladakh celebrates I-Day a year after being declared UT; Lt Guv assures protection & development

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LEH: The Union Territory of Ladakh on Saturday celebrated the 74th Independence Day as Lt Governor R K Mathur used the opportunity to dispel apprehensions of the locals with regard to protection of land and fear of inundation by outsiders. The celebrations also come as Ladakh completed one year of it becoming a union territory. … Read more

Continuation of safeguard duties on imports from China for third consecutive year creates confusion

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NEW DELHI: The government’s decision to continue the imposition of safeguard duties for a third consecutive year on imports from China has been met with confusion from the industry, while experts have said that it might not have much of an effect in the short-term. “The solar industry has been recommending to the government to … Read more