BlackRock’s Global Infrastructure Partners is preparing to invest €1 billion ($1.2 billion) in Eni’s carbon capture and storage (CCUS) arm, marking a significant bet on decarbonization infrastructure. The deal aligns with Eni’s strategy to spin off low-carbon units and attract institutional capital, while setting a benchmark for CCUS technology in a sector still viewed with skepticism. The investment reflects broader market confidence in carbon capture projects, with implications for ESG, traditional finance, and energy infrastructure.

The Indian stock market saw modest gains on Monday, with the Nifty50 index rising 118.41 points to 25121.45 and the BSE Sensex climbing 375.84 points to 82564.83. Power stocks led the gains, with companies like RattanIndia Power Ltd., KEC International Ltd., and NTPC Green Energy Ltd. rising 3.31% to 3.24%, while others like Bajaj Finance Ltd. and Kotak Mahindra Bank Ltd. also saw significant gains. Conversely, companies such as Adani Energy Solutions Ltd. and Bharti Airtel Ltd. declined.

The Gujarat Climate Action Tracker (GCAT) dashboard shows a reduction in the state's carbon emissions from 158 mtCO2e in 2014 to 156 mtCO2e in 2023, driven by renewable energy expansion. Renewable capacity increased from 7,172MW to 33,393MW, with solar energy leading growth. District-level data reveals mixed trends, with nine districts showing emission declines and 24 showing increases, partly due to land use changes.

The BSE Sensex closed down 77.26 points at 81373.75, while the NSE Nifty50 index fell 34.11 points to 24716.6. Power stocks showed mixed performance, with some companies like Adani Power and Reliance Power gaining, while others like Power and Instrumentation(Gujarat)Ltd. declined. Other sectors, including consumer goods and steel, also experienced mixed results.

Gujarat is investing Rs 29,000 crore to develop the third Green Energy Corridor (GEC-III), aiming to transmit 16,500MW of renewable power. The project includes expanding transmission infrastructure, installing 4 statcoms, and connecting new renewable zones. The state leads India in solar and wind power, with plans to achieve 42GW of renewable capacity by 2035.