Page 2 - Carbon Emissions

Indore on a 100-day mission to become world's first energy-literate city

The Indore Municipal Corporation is partnering with the Energy Swaraj Foundation to educate and empower residents to adopt more sustainable practices over the campaign's duration

Adani Group plans 10 GW overseas hydroelectric projects over next few yrs

While the group is mostly focussed on building pumped hydro storage in India, it is drawn to countries that have favourable topography and demand for hydropower

Airtel-Nokia to cut CO2 emissions by 143K MT annually under 'Green 5G'

Telco major Bharti Airtel and Finnish telecom and IT company Nokia on Tuesday said their collaboration to launch the 'Green 5G' initiative is aimed at improving energy efficiency on Airtel's mobile network and reduce its carbon emissions by 143,413 metric tons of CO2 annually. The project will focus on enhancing energy efficiency across Airtel's extensive 4G/5G Radio Access Network (RAN) by leveraging technologies like artificial intelligence and machine learning, as well as a suite of advanced software features and innovative solutions, a joint statement said. "The comprehensive solution is expected to enhance energy efficiency during peak and off-peak hours and is projected to reduce Airtel's carbon emissions by an estimated 143,413 metric tons of CO2 annually," it said. The partnership will focus on 'zero-traffic, zero-watt operation', reducing the radio network's power consumption during periods of no traffic, thereby conserving power and optimising energy management. "Nokia ha

SAIL-BHP sign pact to work on low-emission steel-making strategies

SAIL on Monday said it has signed an agreement with global resources company BHP to work on strategies for low-emission steel manufacturing technologies. Both companies signed the memorandum of understanding to support decarbonisation in steel making, the Steel Authority of India Ltd (SAIL) said in a statement. "This collaboration is an important step for SAIL and BHP in promoting lower carbon steelmaking technology pathways for the blast furnace route in India. Under this MoU, the parties are already exploring a number of workstreams supporting the potential decarbonisation at SAIL's integrated steel plants which operate blast furnaces (BF) with an initial study to assess various strategies to reduce greenhouse gas emissions (GHG)," it said. These workstreams will consider the role of alternate reductants such as the use of hydrogen and biochar for blast furnaces, to build local research and development capability to support the decarbonisation transition. SAIL Chairman Amarendu .

EET Fuels secures $650 mn financing facilities for decarbonisation plans

EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery o

Adani and Google announce collaboration to boost clean energy in India

Adani Group will supply renewable energy generated from a new solar-wind hybrid project located at Khavda, Gujarat, to Google from 2025

3 Adani firms join WEF initiative to play role in global decarbonisation

Three Adani group firms -- Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050, the group said in a statement. "By joining the WEF initiative, the signatories will have the opportunity to collaborate with global industry peers, think tanks, policymakers and experts to pioneer innovative approaches towards decarbonization," said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. "The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country's dependency on energy imports." The WEF has played an important

Driving towards net zero: India's strategic push for sustainable trucking

India's net-zero carbon strategy has focused intensely on sectors such as automotive, power, steel, aviation, cement, and agriculture, which collectively contribute significantly to carbon emissions

UK, home to world's first coal power plant, to close its last unit today

The UK will close its last coal power plant on Monday, marking a significant milestone in energy use amid global calls for adopting green energy to thwart the irreversible threat of climate change

Over 40% of corporations and regions around the world lack emission targets

While 1,750 of more than 4,000 major corporations, cities, and regions around the world have made formal net-zero pledges, nearly 1,700 have yet to set any targets

India outpaces global average in setting, reducing carbon emission targets

About 12 per cent of Indian companies report emissions, exceeding the global average of 9 per cent, while 24 per cent of Indian firms set emission reduction targets compared to 16 per cent globally

India has no role in causing destruction: PM Modi on climate change

Prime Minister Narendra Modi on Sunday said that India has no role in causing destruction to the world, in an apparent criticism of the West. Addressing thousands of Indian-Americans at a community event in New York, Modi said that India has 17 per cent of the world's population and its carbon emissions are less than four per cent. Talking about India's green energy transition, he said a large number of green jobs are being created in India. "India represents about 17 per cent of the world's population, and despite that, our contribution to emission is about only four per cent," he said, adding India today has "no role in causing destruction to the world. China is the world's biggest carbon emitter followed by the US, India and the EU. "Our carbon emission is almost negligible, he said, adding that like other countries, India could also have opted for a carbon fuel-driven growth. But that's not the case. It's India's tradition for the love of nature, and that is why India is focu

Need to address data challenges for slashing urban emission: Experts

Indian cities can play a central role in reducing greenhouse gas emission and building resilient urban environments if data collection and "scenario modelling" were strengthened, according to experts working on urban emission and strategies on mitigation plans. Using the Climate Action for Urban Sustainability (CURB) tool, up to 77 per cent of urban emission could possibly be tackled by 2050 by identifying sectors having the greatest potential in slashing emission, a team from Delhi's World Resources Institute (WRI) found. However, the challenges are plenty, the authors said. These include a limited capacity of institutions for data-driven exercises. This will need to be addressed to slash greenhouse gas emission and create sustainable, resilient urban environments. "Strengthening data collection, scenario modelling, and capacity-building frameworks will enable cities to set more ambitious and achievable climate targets, positioning them as key drivers of India's overall greenhouse

India should not be seen as 3rd or 4th-largest GHG emitter: Bhupender Yadav

Union Environment Minister Bhupender Yadav on Wednesday said India should not be viewed as the world's third or fourth-largest emitter of greenhouse gases and its low per capita emission should be considered instead. Addressing a session at the Global Renewable Energy Investors Meet and Expo in Gandhinagar, Gujarat, he said India is home to 17 per cent of the world's population, but its share of global carbon emissions is less than 5 per cent. In contrast, the per capita emissions of the combined 17 per cent population in developed countries account for 60 per cent of global emissions, he added. "India should not be viewed as the world's third or fourth-largest emitter of greenhouse gases. While we might rank 'fourth or fifth' in terms of (cumulative) carbon emissions, our per capita emissions are significantly lower than those of developed countries," he said. When it comes to the use of fossil fuels, developing countries, including India, maintain that they still have significant

India becoming global research powerhouse: Principal scientific advisor

India is rapidly becoming a global research powerhouse and is poised to become a global leader in biotechnology, Ajay Sood, Principal Scientific Advisor to the Government of India, said on Thursday, citing the nation's rapid advancements in research and innovation. Speaking at the Global Bio-India 2024 Summit, Sood emphasized India's rise as a pivotal hub for technological excellence, particularly in biological manufacturing and biofuels. "India is rapidly becoming a global research powerhouse," Sood said, referencing a recent report by the Australian Strategic Policy Institute (ASPI) that ranked India among the top five countries in 45 out of 64 technologies, a significant increase from 37 technologies last year. Sood said India is poised to become a global leader in biotechnology and noted this progress is especially visible in biological manufacturing, where India now holds the second position globally. "This is really encouraging and a very pleasing aspect," he added, attributi

Standard Chartered to offer 1st commercial debt to carbon credit firm

Carrie Harris, director of sustainability at British Airways, said carbon removals formed a key part of reaching its climate goals

Govt working on policy framework for decarbonisation of steel sector

The Centre is working on developing a policy framework for formulating strategy, roadmap and action plan for decarbonisation of the steel sector, a top official said on Tuesday. Speaking at an event here steel secretary Sandeep Poundrik said, "The ministry of steel is working on developing a policy framework...while covering solutions ranging from minimisation to carbon avoidance to carbon utilisation." Towards this, the ministry has constituted 14 high-powered task forces to carry out discussions, deliberations and brainstorming on various enablers for decarbonisation, with the involvement of experts and the industry stakeholders. These task forces consisted of members from industry, academia, think tanks innovators, various ministries and government departments. The inputs of the task forces have been compiled into a comprehensive document. "I am proud to present the report 'Greening the steel sector in India-Roadmap and Action Plan' as a critical milestone in our efforts to ..

VW's Skoda sees opportunity to launch hybrid cars in India to cut emissions

Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation

Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V

According to a recent study by the Coalition for Disaster Resilient Infrastructure (CDRI), globally, assets worth nearly $800 billion are getting affected on an annual basis due to climate change

Goyal suggests talks on carbon tax issue with top steel industry leaders

Commerce and Industry Minister Piyush Goyal on Thursday suggested discussions on carbon border adjustment tax with top steel industry leaders to promote sustainable manufacturing in the sector. He also asked the industry to target 500 million tonnes steel production by 2047. At present, the industry is eyeing 300 million tonnes by 2030. The minister suggested the industry find newer and better ways on lowering carbon emission and promoting high productivity and quality steel in the country. "Let's try and utilise AI (artificial intelligence) to optimise our production, reduce waste, and improve efficiency across the value chain and work towards a circle economy in a bigger way," he said, while addressing a steel conclave virtually. On carbon tax, he suggested that 4-5 top leaders of the steel industry can sit with him on this important subject for deliberations. The minister added that the government was not able to extend the benefits of the Remission of Duties and Taxes on Expor