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CleanTech

The US is giving away $35 billion a year to cook the planet


The price of eggs has more than doubled in the past eight years, which isn’t great, but at least you can eat eggs. The price of US government subsidies for the fossil-fuel industry has also more than doubled in that time, which is far, far less great. Welfare for an industry that makes billions of dollars in profits and pollutes the climate is worse than useless. It’s self-destructive.

The federal government gives oil, gas and coal producers at least $34.8 billion in subsidies each year, according to a new study by the research and advocacy…



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by The Economic Times

As sustainability evolves from a boardroom priority to a consumer expectation, packaging has quietly become the next frontier of India’s green transition. With single-use plastic bans tightening and eco-consciousness deepening among urban consumers, demand for bio-based, compostable materials is rising across the food, fast-moving consumer goods (FMCG), and hospitality sectors. According to industry estimates, India’s sustainable packaging market is expected to grow at over 18% annually, driven by new regulations under the Plastic Waste Management… Source link

by The Economic Times

BELÉM, BRAZIL: As the United States torpedoes climate action and Europe struggles to realise its green ambitions, a surprising shift is taking hold in many large, fast-growing economies where a majority of the world’s people live. Countries like Brazil, India, and Vietnam are rapidly expanding solar and wind power. Poorer countries like Ethiopia and Nepal are leapfrogging over gasoline-burning cars to battery-powered ones. Nigeria, a petrostate, plans to build its first solar-panel manufacturing plant. Morocco is creating a battery hub to supply… Source link

by The Economic Times

Promoting sustainable farming is central to our agricultural strategy, says Yashika Singh, Chief Corporate Affairs Officer and Head of Sustainability, PepsiCo India & South Asia. In an interaction with ET Digital, Singh highlights the range of sustainable initiatives undertaken by PepsiCo India to support farmers through technology, training, and improved market access. She notes that, globally, PepsiCo aims to implement regenerative farming practices that improve soil health, optimise water use, and strengthen livelihoods across 10 million acres by… Source link