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SSEN Transmission plans £22bn investment for 2026-2031

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SSEN Transmission, a subsidiary of SSE, plans to invest at least £22 billion ($28 billion) in grid infrastructure between April 2026 and March 2031.   The proposed investment aligns with the Revenue = Incentives + Innovation + Outputs (RIIO) framework established by energy regulator Ofgem.  SSEN Transmission has submitted its business plan, emphasizing the need for an investable framework with appropriate financial returns to support the unprecedented scale of decarbonization efforts. The company has also outlined…

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India ranks sixth globally in SBTi net-zero commitments

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India has 127 companies committed to net-zero targets through the science-based target initiative (SBTi), ranking sixth globally.  However, only 7% of these companies are from high-emission sectors such as power, cement, metals, and mining, which collectively contribute 55% of India’s total emissions, according to ICRA ESG Ratings’ latest report.  The majority of commitments come from low to medium carbon footprint industries like textiles, software, and pharmaceuticals. SBTi is a voluntary framework where companies set and…

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Avaana Capital raises $135-mn climate-tech VC fund

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Avaana Capital, India’s climate-focused venture capital firm, has infused its Avaana Climate and Sustainability Fund with USD 135 million, supported by prominent institutional investors, including the Green Climate Fund (GCF).  Anjali Bansal, partner at Avaana Capital, highlighted the significance of this support, emphasizing the role of innovation in driving climate action and creating long-term impact. The fund aims to build the next generation of climate-first companies across three core sectors—Energy and Resource Management, Mobility and…