Page 15 - Carbon Emissions

India wants to export green hydrogen abroad in bet on demand surge

Although India currently only boasts green-hydrogen research facilities - rather than production capability - PM Modi has set a goal to produce 5 million tons a year by the end of the decade

Hi-Green Carbon files draft papers for IPO; to list on NSE Emerge

Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises. The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares with a face value of Rs 10 each through the book-building process. In the Initial Public Offering (IPO), there will be a fresh issue of 60 lakh shares and 16 lakh shares will be offloaded through the offer for sale route by the promoter group, it said in a statement. Proceeds from the public issue will be utilised to set up a new facility in Dhule district of Maharashtra, with a recycling capacity of 100 MT waste tyres per day. The proceeds will also be utilised for working capital requirements and other general corporate purposes. The company has appointed Beeline Capital Advisors as book running lead manager to the issue. Hi-Green Carbon is the flagship company of Rajkot-based Radhe Group of

Shipping industry's net zero target could be set to flexible deadline

The shipping industry's carbon neutral deadline could be reset to a flexible 'mid-century' deadline considering the national circumstances, a relaxation from the strict 2050 goal that was actively deliberated among the member states of the International Maritime Organisation (IMO). The crucial 80th session of the Maritime Environment Protection Committee (MEPC) of the IMO is likely to reach a consensus, mostly considering the demand from the developing nations, to reset the carbon neutral goal to mid-century, with interim goals of reduction of GHG emissions 20 per cent by 2030 and 70 per cent by 2040. "These targets seem to be achievable with a mid-century deadline, considering the national circumstances," Ajithkumar Sukumaran, Additional DG, Shipping, and an Indian delegate at the MEPC 80, told PTI. Most of the developing nations have been lobbying for the mid-century target -- could be 2051, 2052 or 2053, insisting on not strictly fixing 2050 as the year for achieving net zero. T

India in talks to supply tonnes of green hydrogen to EU, Singapore: Report

The meeting was attended by officials from EU governments and Indian renewable companies, including Avaada Group, Renew Power and ACME Group

IMO to impose levy on shipping firms failing to cut down GHG emissions

The International Maritime Organisation will impose a levy on companies that fail to cut down greenhouse gas (GHG) emissions in the shipping industry, Secretary-General Kitack Lim said on Tuesday. During a media interaction on the sidelines of the Maritime Environment Protection Committee's (MEPC) 80th session here, Lim said that the committee had already adopted a decision regarding the financial levy last week. "We will work out the modalities and finalise them this week," Lim said, speaking at the IMO headquarters. He said the MEPC would also discuss and finalise modalities of the disbursement of the fund, adding that this economic measure is crucial to support the industry that might be adversely impacted while adopting a carbon-neutral goal. "We will have to use this fund in R&D to incentivise shipping companies and also to financially support the island nations and developing countries," the secretary-general said. Lim said that the IMO would do an impact assessment in its .

India mulls bilateral deals for green hydrogen-linked carbon credits

Indian companies such as Reliance Industries, Indian Oil and Adani Enterprises have big plans for green hydrogen, a fuel generated using renewable energy

India proposes 5% zero carbon marine fuel mix by 2030, to set realistic aim

India on Monday asked the International Maritime Organisation (IMO) to focus on a realistic target to ensure that net zero carbon fuels occupy 5 per cent of the Marine fuel mix by 2030, without any additional checkpoints during this explorative and take-off period. During the plenary of the 80th session of the Maritime Environmental Protection Committee of the IMO here, Indian delegate Ajithkumar Sukumaran, Chief Surveyor-Cum-Additional DG, Ministry of Shipping, said, "any unrealistic target will place undue pressure on the governments to resort to flawed policies, industry to make haste and unsustainable investments, and the research to push through half-cooked and immature technological solutions - all of them will have long term, irreparable repercussions on this industry." That is why India, which falls under the extremely risky category in the climate change vulnerability index, had submitted an MEPC document, proposing a way forward for the reduction strategy to be phased in ..

UN chief urges maritime nations to chart net zero shipping emissions plan

The head of the United Nations called Monday for maritime nations to agree on a course for the shipping industry to reduce its climate-harming emissions to net zero by the middle of the century at the latest. The appeal by UN Secretary-General Antonio Guterres came at the start of a meeting of the International Maritime Organisation in London that's seen as key for helping achieve the international goal of limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit). Shipping, which accounts for almost 3 per cent of global emissions, will be vital, Guterres said. He urged delegates to agree a new greenhouse gas strategy for shipping that includes ambitious science-based targets starting in 2030 both on absolute emissions reductions and the use of clean fuels. The IMO's current target is for the shipping industry to cut its emissions by at least half from 2008 to 2050. Guterres said the new targets should include all greenhouse gas emissions caused by the industry and backed th

The net-zero approach of major exchanges to trade in carbon credits

A carbon credit can be issued by any project or entity that saves on emissions

IIT Madras launches TREND Setter program to propel decarbonisation research

The institute hosted 'Industry Day 2023' bringing together stakeholders to prepare strategic initiatives & projects on energy efficiency & carbon trading with a focus on the manufacturing sector

Centre approves formation of India's first domestic regulated carbon market

Any project or entity which saves on emissions can issue carbon credit against their savings

Tata Motors expects EVs to be 50% of passenger vehicle sales by 2030

Tata Motors expects electric vehicles to account for half of its passenger vehicle sales by 2030, according to the company's Annual Report for 2022-23. The company, which has set a target to attain net zero emission by 2040, said it is "spearheading this mission with the support of our Gen 3 EV architecture strategy." "The EV contribution in our portfolio is likely to increase to 25 per cent in 5 years and reach 50 per cent by 2030," the report said. The company's current EV portfolio comprises the flagship SUV Nexon EV range, Tiago EV, Tigor EV and the XPRES-T EV. It sold 50,043 units of EVs in 2022-23, while its total passenger vehicle sales stood at 5,40,965 units. Tata Motors said its Tiago EV launched in FY 2022-23 has "accelerated the EV adoption by making it accessible to masses and received strong response with around 10,000 bookings on the first day". Further, the company said, "We unveiled products across the Gen 2 and Gen 3 architecture with the Harrier EV, Sierra EV,

Two official teams from India, EU to discuss carbon tax issues: Official

India and the European Union have constituted two teams to discuss issues pertaining to the EU's carbon tax, which will kick in from October this year, a government official said. The European Union (EU) is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1 this year. It would have an impact on seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products. India raised these issues in the Trade and Technology Council (TTC) meeting between the two regions in Brussels in May. In that meeting, the official said, India presented the problems which would be faced by domestic MSMEs due to this tax and also matters related to modalities to comply with that. "So now they have agreed that there will be a channel opened for discussions. So there will be a team from their side and our side discussing this. The two teams would discuss about the implications of the notification of the EU," the official, who did not wish to be named

US govt awarding $1.7 billion to buy electric, low-emission buses

The US Department of Transportation is awarding almost USD 1.7 billion in grants for buying zero- and low-emission buses, with the money going to transit projects in 46 states and territories. The grants will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, nearly half of which will have zero carbon emissions. Funding for the grants comes from the 2021 bipartisan infrastructure bill signed into law by President Joe Biden. The Democratic president has made it a priority to put more electric vehicles on the road especially for schools and public transit in an effort to contain the damage from climate change. Every day, millions of Americans climb aboard over 60,000 buses to get to work, to school, doctor's appointments, everywhere they need to be, Transportation Secretary Pete Buttigieg said in a call with reporters. These are unprecedented levels of investment when it comes to putting modern cleaner buses on the road. Monday's announcement cov

Flaws in a multipurpose CBAM

EU's tax on carbon-intensive imports contradicts multilateral climate and trade norms

Air conditioning in India can raise emissions by 120 mn tonnes by 2050

The increasing use of air conditioners in India could lead to a rise in emissions by as much as 120 million metric tonnes by 2050, according to a study. The research, published in the journal Scientific Reports, is the first to illustrate the impacts of climate change on the demand for air conditioners and electricity for cooling in Europe and India. Between now and 2050, with the current fuel mix, there is a risk of a mismatch between what is done for adaptation and mitigation, with increased emissions as a result, the researchers said. The rush to buy new air conditioners in the residential sector and the resulting increased use of electricity associated will characterise both relatively richer but more temperate European countries, and relatively poorer but warmer Indian states, they said. The study estimates that by 2050, under an over 2-3 degrees Celsius warming forecast, air-conditioning uptake could double in Europe and grow fourfold in India, reaching about 40 per cent of .

G20 makes case for facilitating pvt capital to fund green carbon tech

It also underlined the need for creating an enabling framework for startups to come up with new technologies to reduce carbon emissions

Aviation emissions targets, net-zero goal in focus at Paris Airshow

Airlines are trying to purchase more SAF, which produces up to 80% fewer carbon emissions on a lifecycle basis than traditional jet fuel

Infosys, association of tennis professionals launch 'Carbon Tracker'

Infosys solution to enable ATP players to track and mitigate their carbon emissions from travel on the tour

Ancient charcoal key to net-zero target set by blue-chip companies

The market for biochar remains small for now, thought it seems poised to soar as more farmers use it as a soil additive and firms seek new ways to meet net-zero targets