Key green projects face toll barriers
High-emissions industries are struggling to finance more than 450 large-scale low-carbon projects, while demand for green products remains too weak to justify the investments, according to the Industrial Transformation Accelerator (ITA), a UN-backed initiative. ITA said late on Thursday that removing “key investment barriers” caused by low demand could unlock $700 billion in financing by 2030 and help decarbonize six industries - aviation, steel, chemicals, aluminum, shipping and cement - that account for about a third of global CO2 emissions. Reuters Report. ITA was established during last year’s COP28 climate negotiations in Dubai to work with industry, investors and governments to drive green transformation in “hard-to-abate” sectors. The 473 net-zero emissions projects proposed by six sectors cover around 80% of the emissions reductions needed to meet the Paris climate targets by 2030, but companies are finding it difficult to put them into action. "The number of projects announced is as high as we need," Faustine Delasalle, executive director of the…
Implementing a new GPS-based toll collection system, here’s how
The new GPS-based system uses GNSS technology to track vehicles, allowing drivers to travel up to 20 km on national highways without paying tolls. The Indian government has approved a GPS-based toll collection system that allows drivers to pass through toll booths without stopping. The system uses Global Navigation Satellite System (GNSS) technology to track vehicles and automatically calculate tolls. To encourage usage, the government has allowed a grace period of up to 20 km of free travel on national highways. Drivers can travel 20 km in either direction without paying tolls. However, vehicles with national licenses do not have this grace period. After the first 20 km, drivers will be charged per kilometer based on the exact distance traveled. The system covers all national highways, bridges, bypasses and tunnels. Also read: Indian Prime Minister launches E-Drive program at Rs 10,900 crore to replace FAME II How does the system work? India is moving to a more efficient toll collection…
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