Page 12 - Carbon Emissions

Statsguru: 6 charts show the clock is ticking on achieving climate goals

As the world races against the climate clock, COP28 has its task cut out

Grundfos rolls out iTruck Drive campaign under net zero horizon mission

Global pumps major Grundfos has unveiled the Grundfos iTruck Drive campaign under its mission to achieve net zero horizon by 2050, the company said on Wednesday. A roadshow part of the campaign has covered more than 25 cities engaging with over 2,000 audiences, providing them first-hand experience of the sustainable pump solutions adopted by the Denmark-headquartered firm. "By bringing the showcase directly to your doorstep (through the campaign), Grundfos envisions a significant reduction of 33,500 kg in potential carbon emissions and a threefold increase in target audience compared to conventional events," a press release said. The iTruck Drive initiative is expected to cover an additional 25 cities covering Gujarat, Maharashtra and Karnataka by the end of January 2024. "With the Grundfos iTruck Drive campaign, we embark on an unparalleled journey, fusing sustainability and innovation into a mobile showcase of cutting-edge solutions..the iTruck introduces a range of intelligent a

COP28 holds key to global carbon market that could help improve offsets

UN-sponsored program aims to ensure high quality credits within internationally framework, offering investors greater certainty amid concerns that some existing voluntary projects do little

China on track to bring its carbon emissions to peak before 2030: Poll

Doubts have been cast on China's ability to meet its 2030 pledge, as authorities continue to approve dozens of new coal-fired power stations to meet rising energy demand

World racing to well past warming limit as carbon emissions rise: UN report

The globe is speeding to 2.5 to 2.9 degrees Celsius (4.5 to 5.2 degrees Fahrenheit) of global warming since pre-industrial times, set to blow well past the agreed-upon international climate threshold, a United Nations report calculated. To have an even money shot at keeping warming to the 1.5-degree Celsius (2.7 degrees Fahrenheit) limit adopted by the 2015 Paris climate agreement, countries have to slash their emissions by 42% by the end of the decade, said the UN Environment Programme's Emissions Gap report issued Monday. Carbon emissions from the burning of coal, oil and gas rose 1.2% last year, the report said. This year Earth got a taste of what's to come, said the report, which sets the table for international climate talks later this month. Through the end of September, the daily global average temperature exceeded 1.5 degrees Celsius above mid-19th century levels on 86 days this year, the report said. But that increased to 127 days because nearly all of the first two weeks o

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