Gold
Housing sales in FY23 were up 48% to Rs 3.47 lakh cr
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
BPRL, IOCL JV secures first full production concession in Abu Dhabi
Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in collaboration with Indian Oil Corporation (IOCL), has secured a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. The concession follows an earlier exploration and production award given to UBPL in March 2019, after which the exploration phase was successfully completed with an investment of approximately $164 million. The awarded area spans up to 6,162 square kilomet..
UN Warns of 300% Mineral Demand Spike, Urges Supply Chain Reforms
A United Nations report predicts that global demand for minerals essential to renewable energy technologies will nearly triple by 2030. The UN Secretary-General's expert panel on critical energy transition minerals has provided a set of recommendations and guiding principles for governments, industries, and stakeholders to ensure that the energy transition is both just and sustainable. UN Secretary-General António Guterres noted that the report highlights methods to root the renewable energy revolution in justice and equity, fostering sustainable development and environmental protection. He..
Land conflicts, population density hinder India's renewable energy goals
A recent report by the Council on Energy, Environment and Water (CEEW) suggests that India’s renewable energy (RE) capacity could theoretically surpass 24,000 gigawatts (GW), though achieving just a portion of this—approximately 7,000 GW needed for net-zero emissions by 2070—will be challenging. The obstacles stem from issues related to land and water availability, as well as population density. The report, titled "Unlocking India’s Renewable Energy and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus," highlights major challenges as India aims to grow from it..
