Page 8 - Carbon Emissions

Dark underbelly of carbon trade

World leaders need to learn from the mistakes of the voluntary carbon market so that this new market mechanism does not repeat them

How technology is using data to reduce carbon emissions

Decarbonisation efforts are occurring in every sector of business and society. Commercial and personal consumption is being audited for wastage, leakage, reuse of energy

UAE leverages oil power to push secretive oil cos on emission cuts: Report

The effort, termed as the Global Decarbonisation Alliance, aims to make a significant impact at the COP28 negotiations starting on November 30 in Dubai

Emission norms: Top carmakers face strict penalties for violation

The stiff penalties stem from the upgrade in the Corporate Average Fuel Economy (CAFE) standard that went into effect in January of this year

Apple shrunk iPhone's carbon footprint; there's a way to shrink it further

Apple's progress on using recycled materials is notable given mining often drives conflicts and ecological degradation

Green buildings can reduce emissions by 35%, maintenance costs by 20%

KPMG in India and Colliers' 'Sustainable real estate: An opportunity to leverage' report finds developers moving towards sustainable real estate despite costs increasing by 5-15%

Govt weighs local tax options to avoid EU carbon levy: Piyush Goyal

"We will find a solution around a domestic tax to take care of equating with European taxes on carbon emissions," he said at an industry event

Developed nations must advance emissions target to 2040, says Kant

Climate change is the biggest crisis for the world, and to achieve net-zero target by 2050, developed countries will have to advance their emissions target to 2040, India's G20 Sherpa Amitabh Kant said on Wednesday. Addressing 'The Energy Transition Dialogues' organised by ORF, Kant said 80 per cent of growth in the world economy will come from emerging economies. "Climate change is the biggest crisis before us... therefore there has to be a huge sense of urgency and that... must come from G7 countries and China," he said. Net-zero emissions mean that the world is not adding any further emissions to the atmosphere. "If you want to achieve net zero by 2050, the developed world, which has occupied almost 90 per cent of the carbon space in the world, needs to advance its net zero target to 2040," he said. India has committed to going net zero by 2070 and China by 2060. The Group of Seven (G7) nations have committed to reaching net-zero emissions by 2050. Kant emphasised on the need

Diversification of solar manufacturing must to achieve net-zero goal: Govt

Diversification of solar manufacturing and supply chains besides building adequate renewable energy storage are necessary to meet the net zero emission targets, Union Minister R K Singh told ISA member countries on Wednesday. Without these, the net zero target is going to remain only a goal, Singh, who is the president of the International Solar Alliance (ISA), said. "Net zero will remain only a goal unless the world gets together to solve the problems of lack of diversification of solar manufacturing capacity and associated supply chains," Union Power and New & Renewable Energy Minister said at a session of the ISA conference. The ISA president also said that storage remains critical for greater utilisation and round-the-clock provision of renewable energy. The developed world kept talking about the need for energy transition, they did not do anything about it. "Today, about 90 per cent of the solar manufacturing capacity is in one country, mostly dependent on one chemistry, ...

TMS Ep553: Mumbai choking, carbon footprint, markets, white hydrogen

Why is Mumbai choking? Are airplanes the biggest carbon culprit? Should you buy the dips amid current weakness? What is white hydrogen? All answers here

Logistics operator Allcargo plans to achieve carbon neutrality by 2040

Logistics operator Allcargo Group plans to achieve carbon neutrality by 2040 and will only partner with carriers using greener fuels, according to the company's latest ESG report. India is working on achieving its net zero emission targets by 2070 and attaining a 45 per cent reduction in emissions intensity of GDP by 2030 from the 2005 level, it said. The company report titled 'Navigating the Green Horizon', released on Thursday, highlighted the group's commitment to achieve carbon neutrality by 2040 through its green and renewable ways. It also spells out in detail the group's other Environmental, Social, and Governance (ESG) goals which include energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labour practices and human rights, cybersecurity, and corporate governance. "The true progress is never about profit alone. It's about what good it can do for people and the planet. This is why integrating ESG ...aspects int

Carbon removal isn't just for corporations, individuals pay for it too

There are a number of ways to permanently remove carbon from the atmosphere, ranging from directly capturing CO2 from the air to spreading crushed volcanic rocks

Multiple green tech in cars to help meet net zero targets in India: Toyota

There is a need to support a multi-pathway approach in terms of green technologies in cars in a country as big and diverse as India to achieve carbon neutrality goals, a senior Toyota executive said on Tuesday. Multiple technology solutions at different price points are required to cater to different sets of customers in order to cut carbon footprint, he noted. In an interaction here, senior Toyota executives emphasised on the need to treat all technologies fairly to achieve carbon reduction goals. Toyota Daihatsu Engineering and Manufacturing Co-Executive Vice President Pras Ganesh said India is large enough to utilise multiple solutions, including hybrid and battery electric technologies. He was replying to a query regarding Toyota's product road map strategy in the country where the government favours battery electric vehicles (BEVs) over hybrid cars in terms of taxation. The total tax incidence on hybrid vehicles in India is 43 per cent, inclusive of GST, while BEVs attract a

SJVN ropes in carbon credits developer EKI Energy for issuance of I-REC

State-owned power producer SJVN Ltd has roped in carbon credits developer EKI Energy Services for registration, issuance and trading of international renewable energy certificates for its 1,500 MW Nathpa Jhakri hydro power project in Himachal Pradesh. An international renewable energy certificate (I-REC) means one MWh (1,000 units) of electricity was produced from renewable energy sources, SJVN said in a regulatory filing. "SJVN has issued a letter of award to EKI Energy Services for registration, issuance and purchase/trading of I-RECs for 1,500 MW NJHPS (Nathpa Jhakri Hydroelectric Power Station)," the filing said. I-RECs can originate from wind, solar, ocean energy, biomass, hydropower, landfill gas, aerothermal, geothermal, and landfill gas projects. This will have significant impact on the environment as it will lead to reduction in carbon emissions. SJVN's NJHPS has been registered in IREC registry mechanism for January 1, 2023 to December 31, 2027, the filing said. SJVN exp

National carbon trading system to cover 15% of emissions by 2030: BEE

The market is likely to initially cover heavily polluting industries including steel, cement, paper and pulp, petrochemicals and aluminum, subject to their readiness, said official

Carbon emission reducing practices under GCP will earn carbon credits: Govt

Any activity generating green credits under the government's Green Credit Programme (GCP) will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions, according to a notification. The government on Thursday notified rules for the GCP, which aims to incentivise environmentally conscious practices and promote a sustainable lifestyle through a market-based mechanism. Green credits generated through such actions can be traded on a domestic market platform. According to rules, environment-friendly actions include tree plantation, water management, sustainable agriculture, waste management, air pollution reduction, mangrove conservation and restoration, ecomark label development, and sustainable building and infrastructure. The rules also specify that green credits generated or procured by industries, companies and other entities to fulfil any legal obligation cannot be traded. "The Green Credit programme is independ

India to push developed nations to become 'carbon negative' before 2050

India, which is resisting calls to commit to a deadline for phasing out its own use of coal and other fossil fuels, is set to make its proposal at the COP28 climate summit in Dubai later this year

India can become first country to industrialise without carbonising: Kant

With ideal weather conditions, India can redefine its growth model to become the first country in the world to industrialise without carbonising, G20 Sherpa Amitabh Kant said on Thursday. Speaking at an event in the national capital, Kant also expressed confidence that the country, which has a young population, will grow at higher rates. According to him, the world is open to India and there is no reason why the country should not grow at higher rates. Highlighting the importance of going green, Kant said that otherwise countries will "neither be able to export to the markets and this is all going to happen before our eyes in the next 5 years." At the SHRM India Annual Conference 2023 here, he also said that India has ideal weather conditions and can go green to redefine its growth model "to become the first country in the world to industrialise without carbonising". During a discussion on his book 'Made in India: 75 Years of Business and Enterprise,' Kant said, India is the only

Rs 47 trn required to decarbonise country's steel, cement plants: Study

India's existing steel and cement plants, which play a vital role in the country's economic development, will require Rs 47 lakh crore in additional capital expenditure (CAPEX) to achieve net-zero carbon emissions, according to a new study. India is the second-largest producer of steel and cement in the world. But both are emission-intensive processes making these hard-to-abate industries. The study, the first-of-its-kind calculation of the cost of decarbonising these industries, also pointed out these two sectors will need Rs 1 lakh crore each year in additional operational expenditure (OPEX) to achieve net zero. Net zero means achieving a balance between the greenhouse gases put into the atmosphere and those taken out. The analysis by the Council on Energy, Environment and Water (CEEW) also found that an 8 to 25 per cent reduction in steel emissions and a 32 per cent reduction in cement emissions is possible without any price increase by adopting efficient technologies such as ..

Birla Carbon acquires Belgium based Nanocyl for undisclosed amount

Aditya Birla group firm Birla Carbon on Wednesday announced the acquisition of Belgium-based Nanocyl SA for an undisclosed amount. The acquisition will help the Aditya Birla group firm to drive Growth in battery materials for lithium-ion batteries, said a joint statement from Birla Carbon and Nanocyl. Birla Carbon is a leading manufacturer and supplier of high-quality carbon solutions. "The acquisition expands Birla Carbon's presence in the Energy Systems market, creating a leadership position in material critical to Lithium Ion battery performance, along with other conductive applications," the statement said. The inclusion of Nanocyl's advanced multi-wall carbon nanotubes (MWCNTs) provides Birla Carbon with a remarkable range of solutions for conductive applications, it added. Financial details of the deal were not disclosed. "Birla Carbon has been nurturing a number of innovation opportunities in its effort to realise its multi-prong sustainability agenda. The acquisition of .