Page 10 - Carbon Emissions

Developing countries need more carbon space for growth: R K Singh

Developing countries need more carbon space for economic growth, Union Minister R K Singh said on Friday as he emphasised that 77 per cent of the legacy carbon dioxide load has been caused directly by the developed countries. India aims to reduce its carbon emission intensity by 45 per cent by 2030. "Now, what is the present status on our planet? You have some countries that are developed and their average per capita income as per IMF figures is about USD 58,700 per year," Singh said at the World Sustainable Development Summit 2024 in the national capital. Singh, who is in charge of the power as well as new and renewable energy ministries, said there are developing countries where the average per capita income is USD 6,770 per year. "Just imagine the disparity. Now these developed countries (became) developed using fossil fuels and you know 77 per cent of the legacy carbon dioxide load on our planet earth was caused directly by them... that has led to this global rise in temperatur

India a global force multiplier in climate change fight: PM lauds TERI

Celebrating TERI's 50 years since it was established, Dr Vibha Dhawan, Director General, TERI said that the institution has tirelessly dedicated efforts to mainstream sustainability

Maharashtra govt signs MOUs with 7 companies for green hydrogen production

Maharashtra Chief Minister Eknath Shinde signed Green Hydrogen Policy MoUs with seven companies. A move that has now made Maharashtra the first state to promote green hydrogen, he said.Maharashtra CM Eknath Shinde said, "Green Hydrogen Policy- MoUs have been signed with seven companies. This is a big achievement. Ours is the first state to promote Green Hydrogen. In this investment worth Rs 2.76 lakh crore is being made. Seven big companies are working on it. It is a flexible & liberal policy. 60,000-70,000 people will get employment through it."He further said that this was the vision of Prime Minister Narendra Modi."This is a huge step by the state government. Deputy CM Devendra Fadnavis has also attended several meetings. ArcelorMittal and Nippon has today signed MOUs worth an investment of 40,000 crores today. More than 20,000 people will get jobs. Maharashtra is industrial-friendly state. When I went to Davos, MOUs worth 3.53 lakh crores were signed," the CM said.He further

Minister Munda launches framework to promote carbon market in agri sector

Union Agriculture Minister Arjun Munda on Monday launched a framework to promote the Voluntary Carbon Market (VCM) in the farm sector and said this will encourage small and medium farmers to avail benefits of carbon credit. Introducing farmers to the carbon market will not only benefit them but also accelerate the adoption of environment-friendly agricultural practices, the minister said. He launched the 'Framework for Voluntary Carbon Market in Agriculture Sector' and 'Accreditation Protocol of Agroforestry Nurseries' here, according to an official statement. He requested cooperation from the ministries concerned of the Centre and the states and other organisations to promote the carbon market in the interest of farmers. "Global challenges like global warming are in front of all of us; hence we have to move ahead with caution," the minister said. Munda said the Accreditation Protocol of Agroforestry Nurseries will strengthen the institutional arrangements for the production and .

Vedanta Aluminium adopts 2-pronged strategy to reduce carbon footprint: CEO

Vedanta Aluminium on Monday said that it is prioritising higher resource efficiencies, greater use of renewables in energy mix and converting waste into wealth as part of steps to reduce its carbon footprint. The company is forging enduring tie-ups with its communities for inclusive development, Vedanta Aluminium CEO John Slaven said in a statement. "We have embarked on a transformative journey where our commitment to sustainability goes beyond business compliance to focusing on how we can make a positive impact on the environment. Securing the top rank in the S&P Global CSA recognises our commitment to fully embed sustainability practices across every facet of our value chain, from sourcing to product delivery," he said. The company is committed to achieving Net Zero by 2050, adopting a two-fold strategy of reducing and offsetting its carbon footprint. In terms of reduction, the company is focused on increasing the quantum of renewables in its energy mix, enhancing its ...

India to ask European Union for measures to align emission trading systems

India's government has several proposals it will raise with the EU, according to the people

Uncomfortable reality of global air travel as airlines race to decarbonize

The five airlines in the world that emit the fewest pollutants per passenger are all low-cost carriers, according to data from carbon-reduction advisory firm Envest Global

EVs adoption key for transition to low carbon economy by 2047: DPIIT secy

The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. "The comprehensive vision for 2047 includes a substantial shift towards electric vehicles across various segments, supported by tax incentives, Production Linked Incentive (PLI) schemes, and the mandatory provision of charging infrastructure," Singh told PTI. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector. He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for

Zero-emission cars can tackle air pollution, cut oil imports: Tata Motors

Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars, Chandra said that such vehicles do not align with the key national objectives of achieving net carbon-zero target, improving air quality levels, and reducing fossil fuel imports. He noted that hybrid and CNG technologies in cars help in improving fuel efficiency and meeting emission-related regulatory compliances but cannot be compared with pure battery electric vehicles. In an interaction with PTI, Chandra said that the government already supports hybrid vehicles in terms of lower taxation and there is no need to bring those at par with electric vehicles. He noted that hybrid cars cannot be compared with EVs as they essentially run on polluting "fossil fuel". Chandra said that

Deloitte India unveils initiative to cut emissions attributed to software

Deloitte India on Wednesday unveiled an Enterprise Conscious Code initiative for sustainable, inclusive, and accessible software development that aims to cut up to 30 per cent of the emissions attributed to software alone. Launching the Code here on the sidelines of the World Economic Forum Annual Meeting 2024, Deloitte India said this initiative marks a significant leap towards sustainable and responsible software development, supporting global efforts to reduce carbon footprint, increase energy consciousness, and ensure accessibility for everyone. "The Enterprise Conscious Code (ECC) combines everything a company needs - the triple Ps of the bottom line - people, planet, and profits," it said. The Code offers ways to build eco-friendly software, promoting the use of techniques that contribute to a greener planet. Currently, about 3 per cent of the world's carbon emissions are attributed to the Information and Communications Technology (ICT) sector, equivalent to roughly 1.58 bill

Indian Navy chief inaugurates CO2-based AC plant at INS Shivaji in Pune

"This is a major step towards meeting the government's commitment to reduce global warming and emission of gases harmful to the environment," he added

ProClime commits Rs 450 crore investment in TN to drive carbon projects

ProClime, a unified service provider in the climate space across Singapore, Sri Lanka, and India has committed Rs 450 crore investment in Tamil Nadu for taking up carbon projects, the company said on Friday. The Chennai-headquartered firm signed a memorandum of understanding with the Tamil Nadu government during the recently held Global Investors Meet. "Over the next five years, ProClime will invest Rs 450 crore as climate investments in the state and aims to create employment opportunities through carbon projects. ProClime is poised to be the first unified climate service provider investing in Tamil Nadu for carbon projects that generate carbon credits to mitigate climate change," the company said in a statement. These credits would play a pivotal role in supporting the sustainable development goals across Tamil Nadu. Besides, it would also position itself as a front-runner in both Indian and Global Carbon markets. "Our MoU with the Government of Tamil Nadu marks a pivotal step ..

JSW Group ties up with Finland-based Coolbrook for low-carbon emission tech

JSW Group on Thursday said it has partnered with Finland-based firm Coolbrook to implement a low carbon emission technology at its Vijayanagar plant in Karnataka. In a statement, JSW Group said the partnership follows Coolbrook's successful completion of the first phase of large-scale pilot tests for RotoDynamic Technology at the Brightlands Chemelot Campus in the Netherlands in 2023. "This strategic partnership will focus on implementing Coolbrook's RotoDynamic Heater (RDH) Technology at JSW's manufacturing sites at Vijayanagar Works in Karnataka with the primary goal of achieving low CO2 emissions in steel and cement production," it said. The RDH technology utilises renewable electricity to power high-temperature industrial processes in steel and cement production, significantly reducing the need to burn fossil fuels, JSW Group said. "Deployment of RDH Technology is expected to have a sizeable impact on the decarbonisation of the group's manufacturing process," P K Murugan, ...

Trade department backs lower tax on hybrid vehicles in green push

India's combined sales and additional taxes on hybrid vehicles sales are as high as 43%, based on the size of the car, compared with the highest rate of 50% imposed on petrol and diesel cars

Over 50% firms committed to achieving net-zero emission target: PwC survey

About 50 per cent of the Indian businesses surveyed expressed their commitment to achieving the net-zero target, reflecting their desire to address climate change issues and transit to a low-carbon economy, said a PwC report on Tuesday. Of these, about 48 per cent committed to achieving net-zero emission target by 2030, said PwC India's Tax transparency in ESG survey conducted between April-July 2023. The report is based on a market survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs and CXOs of Indian businesses, spanning industries such as financial services, technology, media, and telecom (TMT), retail and consumer, engineering and construction, among others. In recent years, the global business landscape has witnessed a significant transformation in sustainable and responsible practices, said a PwC release, adding "as a core pillar of corporate strategy, companies are investing in sustainability and striving to communicate their intentions, commitments and ...

Vehicle scrappage policy key to cutting India steel sector emissions

CO2 emissions from Indian steel production range from 2.5 to 2.85 tonnes per tonne of crude steel, in contrast to global average carbon intensity of 1.4 tonnes per tonne of steel, as reported by IEA

CMAI, UK-based VCMI partner to help stakeholders in carbon credit trading

The Carbon Markets Association of India (CMAI) has partnered with global body Voluntary Carbon Market Integrity Initiative (VCMI) to help stakeholders in carbon credit trading. The agreement with London-headquartered VCMI aims to guide industry players from the registration process for projects involved in the generation of carbon credits, monitoring of projects to trading of the carbon credits generated in a transparent manner, CMAI said in a statement. The partnership will seek to promote an enabling environment for high-integrity voluntary carbon market (VCMs) that attract private investment aligned with national and sub-national climate and socioeconomic policy priorities, the statement said. As part of the agreement, CMAI and VCMI will facilitate the stakeholders in scaling up carbon finance activities across priority sectors in India. VCMI is an international non-profit organization which works to enable high-integrity voluntary carbon markets (VCMs). The organization is alig

MoU between India, USAID/India to help Railways achieve net-zero emissions

The Union Cabinet during a meeting chaired by Prime Minister Narendra Modi on Friday approved an MoU signed between India and USAID/India to help the Indian Railways achieve net-zero carbon emission by 2030. A press statement issued by the Indian Railways on Friday said the Cabinet was apprised of the signing of the Memorandum of Understanding (MoU) between India and the United States Agency for International Development (USAID)/India on June 14, 2023. "The MoU provides a platform for Indian Railways to interact and share the latest developments and knowledge in the railway sector," it said. It added, "The MoU facilitates utility modernisation, advanced energy solutions and systems, regional energy and market integration and private sector participation and engagement, training and seminars/workshops focusing on specific technology areas like renewable energy, energy efficiency and other interactions for knowledge sharing." According to the Indian Railways, it earlier worked with .

Indian CBG industry will see interest from investors: EverEnviro MD

EverEnviro Managing Director & Chief Executive Officer Mahesh Girdhar speaks about India's second stab at Compressed Bio-Gas, after an initial attempt to convert waste-to-gas failed

Essar onboards Topsoe as partner for UK industrial carbon capture facility

Essar Oil UK on Friday announced the selection of a second key licensor technology provider, Denmark-based Topsoe, for setting up an industrial carbon capture facility as part of its planned energy transition project at Stanlow, UK. Topsoe will provide its sustainable flue-gas treatment technology SNOXTM, the company said in a statement. "This is a pivotal step towards Essar Oil UK's USD 1.2 billion investment in decarbonising the refinery by reducing about 2 million tons of CO2 emissions, making it the world's first low carbon refinery and a producer of low carbon fuels," it said. Essar had earlier this year created a new entity to drive low carbon projects in the UK and India over the next five years. Essar Energy Transition (EET), the new unit, would invest across its site at Stanlow, between Liverpool and Manchester and in India for developing low carbon energy transition projects. Deepak Maheshwari, CEO of Essar Oil UK, said, "We are ready to move into the next phase of Essar