• Global emissions of greenhouse gases, which are responsible for global warming, are growing rather than declining.
  • India is among the few countries that are on track to meeting their Paris targets (called ‘nationally determined contributions’ or NDCs). The other countries are China, the European Union (28 countries), Mexico, Russia and Turkey, a report says.
  • An Indian antitrust probe has found that units of Tata Steel Ltd, Sweden’s AB SKF and Germany’s Schaeffler AG colluded on the pricing of bearings, according to an investigation report.
  • The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.
  • National electricity regulator Central Electricity Regulatory Commission (CERC) has refused to approve the trading margin of 7 paise/unit to the Solar Energy Corporation of India (SECI), which is the nodal agency for implementing central government’s renewable energy projects across the country.
  • In its latest orders for approving the tariffs discovered in the recent solar and wind power auctions, CERC said that it is not in its purview to fix trading margin for long-term transactions, and “it is upto the contracting parties to mutually agree on trading margin”.
  • The rupee on Monday (November 25, 2019) fell 2 paise to 71.73 against the US dollar in early trade, amid increased demand for the greenback by banks and importers.
  • Steps taken by the government and lenders to address the stress in the power generation sector are starting to show results, with as many as 11 coal-based projects with combined capacity of 12.7 giga watt (GW) finding resolution and going on stream over the last six months. Another six stuck projects (total capacity 7.8 GW) too, are seen coming out of the abyss soon.
  • The coal ministry has asked state-owned CIL to either expedite the operationalisation of 110 additional blocks allotted to it or return the mines to the government, an official said. The coal ministry recently enquired from the PSU about the operational status of the additional blocks allotted to it, and whether extraction from these coal blocks is techno-economically feasible, the official added.