Page 2 - Carbon Emissions

Jindal Stainless invests ₹700 cr in decarbonisation, cuts 3.18 lakh MT CO2

Jindal Stainless on Thursday said it is in the process of investing Rs 700 crore in decarbonisation initiatives and has reduced 3,18,248 metric tonnes of CO2 emissions in FY25. The company is taking multiple steps to reduce carbon footprints, including Odisha's largest captive solar plant, Jindal Stainless Ltd (JSL) said in a statement. "Over the next few years, JSL plans to invest Rs 700 crore in its decarbonisation initiatives, including Odisha's largest captive solar plant, energy efficiency upgrades, digitisation of our supply chain for greater transparency, and community development initiatives in education, healthcare, and skilling around our plants," it added. In FY25, JSL achieved a 14 per cent year-on-year reduction in CO2 emissions, avoiding approximately 3,18,248 metric tonnes (MT) of carbon footprint compared to FY24. For FY26, the company's focus is to build on this momentum and further reduce emissions, as was achieved for FY25 in terms of emission reductions compared

China, largest carbon polluting nation, announces new goal to cut emissions

China, the world's largest carbon polluting nation, has announced a new climate fighting goal to cut emissions by 7 per cent to 10 per cent by 2035. It came as more than 100 world leaders lined up Wednesday to talk of increased urgency and the need for stronger efforts to curb the spewing of heat-trapping gases. With major international climate negotiations in Brazil 6 weeks away, the United Nations Secretary-General Antonio Guterres convened a special leaders summit during the General Assembly to focus on climate change.

India needs $10 trillion by 2070 to reach net zero: Bhupender Yadav

Environment Minister Bhupender Yadav said India requires $10 trillion in investments by 2070 to achieve Net Zero and stressed the need for blended finance and global support

Govt to offer big carbon capture incentives as coal stays key in energy mix

The initiative, aimed at promoting carbon capture, utilisation and storage (CCUS) technologies, could offer funding support ranging from 50 per cent to 100 per cent for select projects

Net-Zero Banking Alliance halts activities as global banks exit membership

The reality is NZBA "never truly challenged the fossil fuel-oriented business models of major banks," said Lucie Pinson, the founder of climate nonprofit Reclaim Finance

India finalising CCUS Mission roadmap; experts call for LNG contracts

The government is finalising the CCUS Mission roadmap and outlay as experts highlight the importance of long-term LNG supply contracts and domestic gas production for energy security

China's rapid expansion of solar farms helps bring down carbon emissions

High on the Tibetan plateau, Chinese government officials last month showed off what they say will be the world's largest solar farm when completed 610 sq km, the size of the American city of Chicago. China has been installing solar panels at a blistering pace, far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down 1% in the first six months of the year compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall 3% on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author

China's $167 billion mega dam faces setback as weak rains hit hydropower

China has increased the capacity of its hydro generators by more than a third since 2020, but so far this year their electricity production is up only 11 per cent

Foreign firms linked to up to 30% of China's carbon emissions, says study

Foreign companies drove a quarter of China's corporate emissions over two decades, with poorer inland provinces shouldering most of the environmental costs

Govt body NRDC suggests mandatory policy framework for zero emissions

ZEV credits will be calculated based on the difference between the ZEV-mandated requirements and the number of vehicles sold by the manufacturer

Govt may fine carmakers missing fuel efficiency targets under new rules

The government reportedly plans to fine carmakers that do not meet fuel efficiency rules; Bureau of Energy Efficiency (BEE) will check compliance

ReNew cuts 18.6 million tonnes of carbon emissions in FY25 report

ReNew on Tuesday said it reduced 18.6 million tonnes (MnT) of carbon emissions in FY25 by setting up clean energy capacities. Through its water saving initiatives, the company also helped in saving over 540 million litres of water, 50 per cent more than last year, ReNew said in its Second Integrated Report. "The company helped avoid over 18.6 million tonnes of carbon emissions in FY25 and is focused on meeting its SBTi (Science Based Targets initiative) validated net-zero target, a first for an Indian pure-play renewable energy company," the report said. In FY25, ReNew achieved an 18.2 per cent reduction in Scope 1 and 2 emissions from its FY22 baseline, exceeding the annual target of 12.6 per cent and maintained carbon neutrality for the fifth consecutive year. Additionally, the company has sourced 76 per cent of its electricity from renewables, well ahead of the 2025 target of 50 per cent. Sumant Sinha, Founder, Chairman and CEO, ReNew, said, "India is in the middle of a ...

Stakeholders must unite to plan emission control in power sector: SC

The Supreme Court has stressed that all stakeholders must be on the same platform to discuss, formulate and implement the plan to address the issue of carbon emissions arising out of power generation. The apex court directed the Ministry of Power to convene a joint meeting with the Central Electricity Authority and the Central Electricity Regulatory Commission to discuss the plan of action with respect to reduction of carbon emissions in power generation sector. A bench of Justices P S Narasimha and A S Chandurkar said it is equally necessary to ensure that policy makers are attuned with ground realities and difficulties of the regulatory and executory machinery. "In order to address the issue of carbon emissions arising out of power generation, we deem it necessary that all stakeholders must be on the same platform to discuss, formulate and implement the plan systematically and consistently for achieving short-term and long-term goals," the bench said in its July 22 order. The top

Small coalitions could unlock $66 bn a year to fight climate change: Study

Small coalitions of fossil fuel-importing nations can raise $66 billion annually through cooperative levies to help low-income countries cut emissions and fight climate change

India's distant promises: Clarity needed for Viksit Bharat, Net Zero goals

The government needs to clearly list out all the desired parameters to be covered under the Viksit Bharat goal, assign appropriate weight to each of them, and set numerical targets wherever applicable

Indian auto sector can cut emissions by 87% with green power, steel: Study

Industry is at 'turning point' and could be the leader in low-carbon global economy, according to research by an independent group

India's long overdue low-carbon development plan likely to see light

The climate strategy may pave the path to a national carbon budget, an element critical in achieving net zero, but increase costs for companies transitioning to low-emission strategies

Tata Steel begins Port Talbot EAF project as UK backs £500-mn investment

Tata Steel's Port Talbot transformation gets underway with construction of a 3 mt electric arc furnace, backed by £500 mn UK government support for low-carbon steelmaking

Car manufacturers push back against govt's aggressive emission limits

The proposed steep cut risks billions of rupees in penalties and threatens future investments in one of India's most critical manufacturing sectors

MoS Naik urges industry, global firms to invest in Green Hydrogen sector

Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and ...