UN Passes Motion to Vote for the Phase-Out of Fossil Fuels
The UN Human Rights Council is set to vote on a resolution calling for the phase-out of fossil fuels. Countries like Australia, Britain, and Germany support the motion. At the same time, large fossil fuel producers such as Saudi Arabia and Kuwait oppose this direction, citing multiple pathways to emissions reduction as a more effective strategy.
GERC Clarifies Carbon Credit Rules for Hindustan Zinc
The Gujarat Electricity Regulatory Commission (GERC) has issued a ruling involving Hindustan Zinc Ltd. and Gujarat Urja Vikas Nigam Ltd. (GUVNL), rejecting the company’s claim that Verified Emission Reduction (VER) revenues are exempt from revenue-sharing provisions under PPAs.
