Co2 Emissions

Experts predict Budget to boost clean energy investments with new measures

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 deploys more than 850 e-bus charging points

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

China plans CO2 emission cuts in key industries by 1% of 2023 level

The plan said China would 'strictly' control coal consumption, 'reasonably' control petroleum consumption and promote use of biofuel and sustainable aviation fuel

Govt mulls incentives for heavy duty electric trucks to reduce diesel ones

Electric heavy-duty commercial goods carriers have a wide range of applications in sectors such as mining, ports, infrastructure development, construction, and inter-warehouse freight transport

Steelmakers look to startups in decarbonisation, sustainability journey

Bhattacharjee says, this is like Tata Steel matrimony.com - the matrimony here is between start-ups and corporate needs. And the "matchmaking" is on specific themes

India may face 10.5% VAT on production under CBAM regime: ADB study

Sectors like ferrous metals, electricity, petrochemicals expected to be worst impacted

Global carbon markets value hits record $949 bn in 2023, shows data

The world's most valuable carbon market, the EU's ETS, was worth around 770 billion euros last year, up 2% from the previous year and representing 87% of the global total

COP28: Renewables a way to phase out fossil fuels, says TotalEnergies

Governments at previous climate talks agreed to phase down the use of unabated coal, but the talks, hosted by oil power United Arab Emirates, have so far been split on the future role of fossil fuels

Unambitious targets

Global climate goals need to be scaled up at COP

Global emissions predicted to drop just 2% by 2030, shows UN report

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 .

Gail does world's first ship-to-ship LNG transfer, cuts CO2 emissions

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

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

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

Carbon pricing challenges

India's piecemeal approach to carbon pricing, driven by emerging trade barriers, is not a long-term strategy

Indian companies prep for EU's CBAM as transitional phase kicks in

Starting from October 1, the carbon border adjustment mechanism (CBAM) will be applicable to exports of cement, iron and steel, aluminium, fertilisers, and hydrogen to the EU

NTT Communications leads to significant CO2 reduction in agriculture

Based on collaboration with Yanmar Holdings, this project is moving forward. It is well known for its agricultural equipment and facilities. The project aims to get advantageous carbon credits

Essar, Desert Tech sign pact for green steel solutions in Saudi Arabia

Essar has been tying up the back end for its proposed Saudi steel plant, which is expected to start production in 2027

India mulls issuing green ammonia tender to curb fertilizer emissions

Talks are taking place between fertilizer manufacturers and the country's renewable energy ministry to assess potential demand for the feedstock, Bhupinder Singh Bhalla, the dept's top bureaucrat said

Innovation plays critical role in reducing emissions: OPEC Secy Gen

"We need to focus on 'all-peoples, all-fuels and all-technologies' approach for the energy transitions,'' he noted

India asks rich nations to intensity emission cuts at G7 ministers' meeting

Meeting the global target of achieving net zero emissions by 2050 will require developed nations to scale up their emission reduction efforts, India said at the G7 Ministers Meeting on Climate Energy and Environment in Japan's Sapporo on Saturday. This will create opportunities for developing nations like India to address the needs of its people, which will also build resilience against the adverse impacts of climate change, environmental degradation, and pollution, Union Environment Minister Bhupender Yadav said at the plenary session of the G7 minister's meeting. He also emphasised that developing countries require access to adequate means of implementation, finance, and technology to effectively combat climate change and address environmental challenges. "The global goal of reaching net zero by 2050 needs enhanced emission descaling by developed nations. This will provide space for countries like India to achieve the development required for its people, which will provide necessa