Page 18 - Carbon Emissions

Oil PSUs on the long road to net zero: Can India achieve the goal by 2070?

With India burning more fossil fuel to grow, state-owned refiners are likely to struggle to meet their targets

Budget: Energy transition gets fund boost, green growth key economic driver

The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country

Uncounted costs of energy transitions to reduce carbon emissions

States with the most to lose from the rise of RE power are yet to start preparing their economies and people for the shift

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

Maruti to use cow dung to produce biogas for sustainable mobility solutions

Suzuki is planning to develop CNG automotive solutions around biogas in India and export it to other farming regions, including Africa, Asean, and Japan, the company said in a global presentation

India plans to classify clean activities, tech under new policy: Report

India projects $10 trillion to $15 trillion in investment is needed to achieve net-zero carbon emissions by 2070

Microsoft partners with global solar leader Qcells to curb carbon emissions

Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy

Green buildings and infra will ensure environmental sustainability

Green infrastructure brings nature into work for human benefits ranging from economic, social, environmental and health benefits

CMAI inks pact with AREAS for exchange of knowledge on policy, innovation

The MoU aims to work towards a common goal of strengthening the country's journey towards becoming a carbon-neutral economy and aid in the development of the Indian carbon market

Jindal Stainless reduced 1.4 lakh tonnes of CO2 emissions in FY22, says MD

The country's largest stainless steel maker Jindal Stainless took various initiatives to reduce 1.4 lakh tonnes (LT) of carbon emissions in the last financial year, its Managing Director Abhyuday Jindal said on Monday. The company aims to be carbon neutral by 2050. To achieve the goal, JSL has also created a position of Chief Sustainability Officer (CSO) and appointed Kalyan Kumar Bhattacherjee to the key post, Jindal said in a company statement. "We reduced 1.4 LT CO2 in FY22 through various initiatives. From investing in Renewable Energy, Green Hydrogen production to introducing EVs at our manufacturing plants, we are continuously building an ecosystem that supports our environmental, social, and governance goals (ESGs)," he said. Bhattacherjee will be responsible for leading sustainability initiatives, reducing carbon emissions for the company's current and future capacity expansion plans with the goal to achieve the net-zero target by 2050, JSL said. Bhattacherjee said JSL is

RBI announces green bonds, to be auctioned in 2 parts of Rs 8,000 cr each

The proceeds from the bonds will be deployed in public sector projects which help in reducing the carbon intensity of the economy, said RBI

JK Tyre best in 'ESG' rating in industry, targets carbon net zero by 2050

The company is working on being more environmentally responsible by producing more from less and reducing energy intensity, greenhouse gas emissions

IEX forms subsidiary to explore business opportunities in carbon market

Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green house gases) emission by 45 per cent by 2030 to get on track to limit global warming to 1.5 degrees, an IEX statement said. The new company will facilitate corporates to meet their climate commitments goals. The Exchange platform will provide a robust market signal for attracting further investments in the sustainable projects and help corporates to allocate capex towards energy transition in most optimum manner, it added. As per industry estimates, the annual demand for voluntary carbon credit globally is expected to reach around 1.5 Gigatons, with India contributing around 200 million tonnes by ...

Green hydrogen will not be limited by borders: ReNew Power Founder & CEO

'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha

India to bolster carbon trading market with stabilisation fund: Sources

Money in the fund would be used by a market regulator to buy carbon credits if prices fell too low, an officials said

Best of BS Opinion: Unilateral carbon pricing, cyber threats, and more

Here is the best of Business Standard's opinion pieces for today

Unilateral carbon pricing

India needs to work on carbon border tariffs

Carbon credit market: Why power ministry is best suited to run this project

The power ministry feels it is in the best position to decide what types of products should be introduced in the carbon credit market

Asian bourses join billion-dollar race to launch new carbon exchanges

Trading and prices have slumped, while concerns mount about how much offsets actually contribute to fighting climate change

Ficci releases roadmap to achieve 600 mn jobs, 6x rise in income by 2047

The roadmap also focuses on doubling female participation in the labour force to 45-50%, cut carbon emissions by 80-100%, and provide access to clean water for all