Protecting the earth not just govt responsibility & others 61

Protecting the earth not just govt responsibility

• Preserving Earth As we celebrate Earth Day, it is crucial to remember 2023 motto "everyone accounted for, and everyone accountable."
• One of the notable investments is in renewable energy.
• Further, India is investing in electric mobility to reduce its carbon footprint.
• Towards A Greener India has made commendable efforts to preserve earth, but there are still areas where the country can improve.
• The government can take more steps to reduce pollution by promoting public transportation, investing in cleaner technologies, and enforcing emission standards.
• The government can launch campaigns to educate the public about the impact of human activities on the environment and promote individual actions that can help preserve the planet.

'Renewable energy is our collective interest': EAM S Jaishankar at 4th CARICOM-India meeting

• During the fourth India-#caricom (Caribbean Community and Common Market) ministerial meeting held in Guyana on Saturday, External Affairs Minister S Jaishankar, highlighted the need for "collective interest" in the field of renewable energy amid climate change.
• "Energy, renewable energy particularly, is our collective interest.
• Many of you are members of the International Solar Alliance.
• And we are prepared to customize programs in whatever area, which are completely dedicated only to the requirements of CARICOM officials or users as the case may be," Jaishankar said.
• Jaishankar also had separate bilateral meetings on Friday with counterparts from Trinidad and Tobago, St. Kitts and Nevis, St. Vincent and Grenadines, Grenada, and Barbados.

Brookfield expands green footprint, buys 51% stake in CleanMax Enviro

• Canadian investment firm |#Brookfield has picked up a 51% stake in CleanMax Enviro CleanMax Solar ), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development.
• The residual 49% stake will be largely held by US-based investor Augment Infrastructure and CleanMax founder Kuldeep Jain
• "The deal has been signed recently and a formal announcement is expected soon.
• The company reported a profit of ?29.85 crore in FY22, as against a profit of ?25.3 crore in FY21.CleanMax has a debt of ?2,145 crore on its books as per a March 28 report by credit rating agency Care Ratings , comprising NCDs worth ?599 crore, long term bank facilities of ?531 crore and short term bank facilities of ?1,015 crore.
• Apart from CleanMax, another C&I renewable energy company - Fourth Partner Energy - is also in the market for a fundraise, involving the sale of its private equity shareholder TPG's 52% stake.