APT Translations

The 10th edition of the investors' summit is scheduled to take place from January 10-12, 2024, at the Mahatma Mandir in Gandhinagar.

India's top oil and gas producer has substantially cut gas flaring -- burning of methane gas is produced when oil is extracted from below surface -- and would look to bring it down to nil as part of its environmental commitments, he said while speaking at the 28th UN Climate Change Conference in Dubai, called COP28.

To achieve this new sustainability target in India, which is in sync with the government's Maritime Vision 2030, the company aims to switch all fossil fuel powered equipment and vehicles at its terminal operations in the domestic market to electric power, DP World said in a statement.

Several organisations track renewable energy and fossil fuel consumption for power generation, transport and industry across varying timelines and projections, much of it for free.

Funds such as those of Norway and the United Arab Emirates, COP28 host, face obstacles including mandates that require predictable returns that make it hard to find enough sustainable projects in which they can invest.

The investments will boost the group's vision to have 45 gigawatt of renewable energy capacity by 2030, Adani said in a statement.

"It's the right way to frame the object, tripling renewables, because if we don't do that, there's no way to phase out fossil energy," Patrick Pouyanne told Reuters in an interview on the sidelines of the summit in Dubai.