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CO2 Emissions
The government is expected to announce a slew of measures in the full Budget for fiscal year 2024-25 to promote investments in the renewable energy space, experts say. Finance Minister Nirmala Sitharaman will present the 2024-25 Union Budget in Parliament on July 23. Their expectation is that the government may announce policy-related measures, viability gap funding (VGF) and incentive schemes for the clean energy industry, the experts said. "We expect the focus of the budget to remain green growth based... We expect the budget to focus more on renewables, storage, transmission and distribution network strengthening schemes. "We expect policy measures to incentivise, and to encourage investments in (battery) storage groups," Girishkumar Kadam, Senior Vice President & Group Head - Corporate Ratings, ICRA Ltd said. There is a slow progress being witnessed in pumped storage projects (PSP) space. Some policy bridges need to be announced to expedite the implementation of these projects
Tata Power Renewable Energy Ltd (TPREL) on Wednesday said it has deployed more than 850 e-bus charging points at various locations in the country. The robust bus charging network has led to more than 1 lakh tonnes of tailpipe CO2 emissions savings, the company said in a statement The locations include Delhi, Mumbai, Ahmedabad, Bengaluru, Jammu, Srinagar, Dharwad, Lucknow, and Goa, the statement said. **** Mamaearth partners with Reliance Retail * Mamaearth, a personal care brand owned by Honasa Consumer, has partnered with the country's leading retailer Reliance Retail. This would make its range of products available at over 1,000 Smart Bazaar/ Smart Point stores across the country, the company said in a statement. Honasa Consumer Co-founder and CEO Varun Alagh said, "The partnership with Reliance Retail is also an extension of our endeavour to make products accessible to a wider set of consumers. We are 1,000 stores strong now and with the increasing demand for Mamaearth produ
Global emissions are predicted to drop just 2 per cent below the 2019 levels by 2030, as compared to a 43 per cent reduction needed to avoid the worst impacts of climate change, according to a new report by the United Nations. The report comes ahead of the 28th UN Climate Change Conference in Dubai, where countries are expected to push for stronger climate action to limit warming to 1.5 degrees. According to the UN's Intergovernmental Panel on Climate Change (IPCC), a body of top climate scientists, greenhouse gas emissions need to be cut by 43 per cent by 2030, compared to the 2019 levels. This is critical to limit temperature rise to 1.5 degrees Celsius by the end of this century and avoid the worst impacts of climate change, including more frequent and severe droughts, heatwaves and rainfall. The UN Framework Convention on Climate Change (UNFCCC) analysed the Nationally Determined Contributions of 195 parties to the Paris Agreement, including 20 new or updated NDCs submitted up .
India's top gas firm GAIL has done the world's first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks at innovative ways as a pivot to boost business, company officials said. GAIL has contracted 5.8 million tonnes per annum of LNG (natural gas super-cooled to liquid form) from the US. The company brings this volume to India via LNG ships. The ship typically travels a distance of about 19,554 nautical miles for a round trip to transport LNG from Sabine Pass in the US to India via the Suez Canal and Gibraltar. This journey takes approximately 54 days and emits about 15,600 tonnes of CO2. Emissions are generally controlled using the latest technology or changing the destination of the cargo. However, GAIL's innovative contractual arrangement that results in vessels following an optimised path has resulted in a significant reduction in CO2 emission. Recently, the company-hired vessel Castillo De Santisteban mov