/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Alt Carbon, Varaha and a handful of local firms in the carbon dioxide removal space face multiple obstacles, chief among them being poor demand owing to the prohibitive cost of their solutions.
“Domestically there is no demand at all…globally you can count buyers on one hand.”
That’s how Sarthak Mahapatra, head of business development at Neufin Capital, a climate-focused fund, describes the market for carbon offsets—the certificates representing the CO2 removed from, or not emitted into, the atmosphere—based on carbon dioxide removal techniques. “Until larger macroeconomic factors or global regulatory policies change, I don’t see it being a very large industry,” he continues.
But that doesn’t seem to have dampened any of the enthusiasm of companies like Darjeeling-based Alt Carbon and Gurugram-based Varaha or their investors. The former is in the midst, …
The solar module maker is banking on Sameer Nagpal to build 12 GW of cell capacity from scratch and catch up with Waaree and Premier—but the runway is tight and rivals are formidable.
Mukesh Ambani's conglomerate signs one of the world's largest binding green ammonia offtake agreements. In doing so, it delivers a credibility boost to an industry stuck between ambition and execution.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
