G7 Nations pledge to produce carbon-free electricity by 2035

18 Apr 2023 CW Team

By 2035, the Group of Seven (G7) countries promised to phase out coal use and produce all of their electricity carbon-free. During a two-day conference conducted in Sapporo, Japan in advance of the G7 summit scheduled for Hiroshima in May, an agreement was made.

The G7 countries are essential in reducing the effects of climate change as they produce 25% of the world's carbon emissions and 40% of the world's economic activity.

The participants also pledged to stepping up investments in renewable energy, with the goal of producing 1,000 GW of solar energy and 150 GW of wind energy from offshore platforms by 2030.

This is consistent with the IPCC's recommendations to keep the rise in global temperature to 1.5°C above pre-industrial levels by the end of the century.

The accord also reiterated that fossil fuel subsidies are incompatible with the objectives of the Paris accord and emphasised the significance of gradually eliminating ineffective fossil fuel subsidies.

By 2025, the participants agreed to end such subsidies.

The final agreement also stipulated that by the end of 2021, all new direct government assistance for the production of thermal coal would be discontinued, and by 2022, all public support for the continued use of fossil fuels would be discontinued globally.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..