EU Starts First Full-Scale Carbon Storage, India's EV Charging Triples, and Climate Risks Hit Insurance Costs

This weekly digest covers several developments tied to decarbonization and climate resilience. The EU's Greensand project begins operating, injecting CO2 from Danish biomethane plants into a depleted North Sea oilfield, with initial capacity of 400,000 tonnes per year and expansion plans to 4-8 million tonnes. Separately, Gulf shipping disruptions are pushing Asian LNG spot prices toward $30 per million BTU, causing power cuts and factory slowdowns in Bangladesh and Pakistan, showing how energy price shocks ripple into industrial production. In India, Tata Power, Adani, and Reliance now operate 19,000 EV charging points, up from 5,438 in FY23, though they still hold only 24% of public chargers compared to state-run oil companies at 37%. Climate risk is also raising insurance premiums for Himalayan infrastructure by around 21% after glacial-lake floods, making project financing costlier. A nuanced look at organic farming finds it reduces pesticide damage but requires more land per kilogram of food, so its overall environmental benefit depends on yields and consumption patterns.