Page 4 - Carbon Emissions

Developed world's climate plans in a fog, India's a clear blue sky: Survey

"Even as developed nations prepare to impose a carbon tax at the border on imports coming into their countries laden with carbon, they are ramping up energy demand like never before," said the Survey

Sam Altman-backed startup 44.01 scaling technology to store CO2 in rocks

44.01's storage process works by injecting a mixture of CO2 and water down a borehole and into cracks in peridotite, a naturally fractured rock

Mercedes-Benz to assemble more EVs in India to meet carbon neutrality goals

German luxury carmaker Mercedes-Benz is considering assembling more electric vehicles at its plant in India not merely to gain cost advantage but also to meet its zero emission mobility and carbon neutral setup goals, according to a senior company official. Mercedes-Benz India, which currently assembles its flagship electric luxury sedan EQS at its Chakan unit, is considering localisation of other models depending on demand. "Our final goal is zero emission mobility and carbon neutral setup, which not only means about tailpipe emissions, but also from the recyclability of the car, to the carbon footprint that we generate by producing these cars," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He further said,"We have to look at this holistically and therefore producing EVs was the logical step and we will continue in that direction as the market demand changes." Iyer was replying to a query over Mercedes-Benz India's long-term plans for local assembly of EVs in

European carbon removal specialists to support new projects in India

Indian projects are expected to focus on biochar - charcoal produced from burning organic matter - as well as "enhanced weathering", where materials like basalt are spread across land to absorb CO2

ONGC unveils Rs 2 trillion decarbonisation road map for net-zero 2038

Rs 2 trn allocated for 7 Gw of renewables, carbon capture, and green H2 plans

ONGC to invest Rs 2 trillion to meet net zero carbon emission target

State-owned Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore in setting up renewable energy sites and green hydrogen plants and cutting gas flaring to zero to achieve its 2038 net-zero carbon emission goal. The company, which produces about two-thirds of India's crude oil and about 58 per cent of natural gas, on Tuesday released a 200-page document, detailing its path to achieving net zero emissions. It listed clean energy projects even as it looks to boost its hydrocarbon output to meet the country's energy needs. ONGC will invest Rs 97,000 crore by 2030 in setting up 5 gigawatts of renewable energy capacity, green hydrogen, biogas, pump storage plant and offshore wind project, according to the document. Another Rs 65,500 crore will be invested by 2035, mostly in a green hydrogen or green ammonia plant, and the remaining Rs 38,000 crore by 2038, primarily in setting up 1 GW of offshore wind projects. These projects will help the firm offset 9 million tonnes

Carbon Border Adjustment Mechanism aims for global decarbonisation: EU

The Carbon Border Adjustment Mechanism aims to treat imported goods the same as EU-produced goods to help global decarbonisation, the Director-General of the European Commission has said following a visit to India to discuss tax and custom issues. Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China. The move has sparked a debate at multilateral forums, including the United Nations climate conferences, as the poorer countries fear such tariffs will harm livelihoods and economic growth. Director-General of the European Commission, Gerassimos Thomas, led a group of officials to New Delhi to discuss tax and customs issues, with a focus on CBAM, on July 1 and 2. He met the Indian government officials and business leaders to explore the manner in which it might affect the Indian industries and explain CBAM's goals and timeline. Thomas welcomed India's plans to decarbonise its ..

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

Six working groups created to identify issues, develop pathways, and suggest policy action on various aspects of climate change

Gail extends net zero carbon emission target by five years to 2035

State-owned gas utility GAIL (India) Ltd on Friday said it has advanced the target to achieve net zero carbon emission by five years to 2035 as it takes multi-prolonged approach to reaching the goal. The company was previously targeting net zero carbon emissions by 2040. "GAIL Board accorded approval to advance its net zero target for Scope-I and 2 emissions by five years, from the year 2040 to year 2035," the company said in a statement. Scope 1 covers emissions from sources that an organisation owns or controls directly -- for example from burning fuel in factories or even in its fleet of vehicles. Scope 2 are emissions that a company causes indirectly and come from where the energy it purchases and uses. For example, the emissions caused when generating the electricity. "This decision follows an extensive study undertaken by GAIL to enhance its sustainability goals and align with India's broader net zero commitments," it said. "GAIL plans to achieve this ambitious goal through

Global carbon removal market could touch $100 bn/yr from 2030-35: Report

Demand for credits has begun to increase from sectors as diverse as technology and finance, chemicals and aviation but it's not yet large enough to drive the scale of projects

Denmark to be 1st to impose tax on livestock carbon emissions: Danish govt

A tax was first proposed in February by government-commissioned experts to help Denmark reach a legally binding 2030 target of cutting greenhouse gas emissions by 70 per cent from 1990 levels

EU Commission plan may exempt long-haul flights from new emissions rules

The EU is developing plans to require airlines to track and report their contribution to climate change from January 2025

CREDAI joins hands with AEEE to promote net zero buildings in India

The building sector accounts for 25 per cent of India's greenhouse gas emissions and is expected to exceed India's total remaining carbon budget by 2070

'AI can help shipping industry cut emissions by 47 mn tonnes every year'

The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets

Cars could get costlier as automobile emission norms set to tighten

Under the third phase of the corporate average fuel efficiency standards, automakers must reduce carbon emissions by one-third in three years

Danfoss calls for means to help India get closer to net-zero ambitions

Climate change and rapid urbanization is likely to result in increased demand for food, water and energy, Ravichandran Purushothaman, President, Danfoss India has said. Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. According to Purushothaman, India's cooling demand is expected to grow 10-fold by 2030 and it is imperative to meet the same through sustainable means to help the country get closer to its net-zero ambitions. "We are working towards bridging the tech and skill gap, helping farmers and businesses reduce food loss and improve food security in the Indian cold chain," Purushothaman said. With around 14 per cent of food worldwide lost due to a lack of effective refrigeration, enough to feed 1 billion people, Danfoss has called for more attention on the need to establish sustainable and energy-efficient cold chain infrastructure. When it comes to the Indian Cold Chain Infrastructure, a .

Here's how disruptions in the Red Sea are driving up carbon emissions

For companies struggling to account for "and lower" the climate-warming emissions associated with their businesses, these rerouted journeys add to the challenge

China falling emissions since Covid signal peak carbon may already be here

Emissions fell 3 per cent in March from the prior year, the first annual decline since January 2023, Lauri Myllyvirta, senior fellow at Asia Society Policy Institute, said

Shell shareholders reject investor climate resolution filed by activists

The company, however, introduced a new 'ambition' to cut overall emissions from oil products such as gasoline and jet fuel sold to customers by 15-20% by 2030 compared with 2021

Global carbon emissions pricing raised record $104 bn in 2023: World Bank

The largest single contributor to global carbon revenue is the EU's Emissions Trading System