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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..