Page 21 - Carbon Emissions

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Co. with Saudi Tadawul Group

CO2 emissions rise in 2022, but more slowly due to renewables growth: IEA

The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon dioxide emissions the main greenhouse gas responsible for global warming after the global economic downturn caused by the coronavirus pandemic in 2020. The Paris-based IEA said CO2 emissions from fossil fuels are on course to rise by almost 1% in 2022 compared to the previous year. That's nearly 300 million metric tons of CO2 more than in 2021, when the burning of gas, oil and coal released about 33.5 billion tons of CO2. This year's increase is driven by power generation and by the aviation sector, as air travel rebounds from pandemic lows, the agency said. While coal emissions grew 2% as countries that previously imported natural gas from Russia scrambled for other energy sources, this didn't outweigh the expansion of

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

India's green energy firms join hands to develop carbon-credit market

India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

Railways plans to set up EV charging points at major stations in 3 years

Over the next three years, the Indian Railways will install EV charging points at all major stations across the country under a new policy

Carbon credits imperative for climate positive plans: EKI Energy Services

EKI Energy Services on Monday welcomed the government's stance on carbon credits and said that carbon credits and its trade is an imperative for climate positive plans. Union Minister for New and Renewable Energy R K Singh on October 6, said that the government is taking measures to make India a market for carbon credit which will be utilised to meet the country's NDC goals. India has submitted its updated Nationally Determined Contribution (NDC) under the Paris Agreement to the UN Framework Convention on Climate Change, emphasising that it is a step forward towards its long-term goal of reaching net zero by 2070. "We are happy to hear that this matter finally has greater clarity by the Minister himself. Carbon credits and its trade is an imperative and integral part of any climate positive plans given its capabilities to control GHG (greenhouse gas) emissions," said Manish Dabkara, CMD & CEO of EKI Energy Services Ltd. This clarification will enable the entire industry ecosystem .

ICAO agrees on net-zero emissions by 2050, India secures concessions

According to ICAO, the net-zero targets will rely on the adoption of new aircraft technologies, streamlined flight operations and the use of sustainable aviation fuels

UN adopts new carbon emissions goal to achieve net zero from planes by 2050

A United Nations organization on Friday adopted a long-term aspirational goal of making carbon emissions from air travel net zero by 2050 in response to growing pressure for airlines to reduce their pollution. Several major environmental groups praised the move, saying it could boost the production of sustainable aviation fuel. But they cautioned that it will be difficult to push countries to follow up with policies that actually reduce emissions. Aviation is a relatively small contributor to overall climate-changing emissions, but its share is expected to grow. More people are expected to travel on planes in the coming years, and aviation lacks cleaner alternatives such as electric power that are widely available for cars and trucks. Friday's decision in Montreal occurred during a meeting attended by representatives of nearly 200 nations that belong to the UN's International Civil Aviation Organization, or ICAO. The decision capped nearly a decade of negotiations and occurred as .

Graded Response Action Plan: Battling high air pollution in Delhi-NCR

As winter approaches, Delhi-NCR has been placed under the stage 1 measures of GRAP. Read more to find out what exactly is GRAP

NTPC ropes in GE Gas Power to reduce CO2 emissions at plants in Gujarat

State-owned NTPC has roped in GE Gas Power to help it reduce carbon emissions at its 645 MW Kawas gas power plant in Gujarat. Both companies have entered into a Memorandum of Understanding (MoU) in this regard. "MoU is to demonstrate the feasibility for hydrogen (H2) co-firing blended with natural gas in GE's 9E gas turbines installed at NTPC's Kawas combined-cycle gas power plant in Gujarat...and further implementation at scale across NTPC's installed units in India," GE Gas Power said in a statement. NTPC's MW Kawas gas power plant is powered by four GE 9E gas turbines operating in a combined-cycle mode and has an installed capacity of 645 megawatt. Under this pact, GE Gas Power will evaluate the possible modifications to the gas turbine unit and auxiliaries required for blending of H2 with natural gas. Thereafter, a pilot project for 5 per cent co-firing of hydrogen may be implemented at the Kawas gas power plant in a safe environment based on the feasibility report. NTPC will

Big emitters not acknowledging climate risks: Carbon Tracker Initiative

Of the 134 multinational companies responsible for up to 80 per cent of corporate industrial greenhouse gas emissions, 98 per cent did not provide sufficient evidence about climate-related matters

Coal revival may push power sector's carbon emissions to record high

The jump in fossil fuel use pushed emissions from electricity production up 1.7%, or 133 million tons, in the first eight months of this year, climate think-tank Ember said in a report

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission

M K Shah Exports approaches McLeod Russel India lenders with counter offer

Carbon Resources has offered an upfront payment of Rs 1,245 crore of an estimated outstanding bank debt of Rs 1,650 crore

Race for net-zero emissions: Indian airlines take off on sustainable fuel

GREEN DEAL: Air India, AirAsia India, Vistara ink MoU with CSIR-IIP for sustainable aviation fuel

JSW Steel signs agreement with German group for carbon reduction projects

'New transformative approach' needed to produce green steel, says JSW Steel leader Sajjan Jindal

Jindal Stainless Ltd taking measures to reduce carbon emissions: MD

Jindal Stainless Limited (JSL) is taking a host of measures to reduce carbon emissions of its present and planned capacities, which includes setting up renewable energy capacities, Managing Director Abhyuday Jindal said. During FY22, JSL reduced its carbon emissions by 3,100 metric tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power, Jindal told PTI during an interaction. "Continuing forward, we are taking proactive steps to decarbonise and reduce carbon emissions of our present and planned capacities. The move is aimed to support the government's mission of carbon-neutrality," he said. In the renewable energy space, JSL is looking for partners to set up 300 MW solar and wind capacities in states like Odisha, Haryana and Rajasthan, Jindal said, adding that the talks with a few players are already underway. The investment will be through joint venture/ventures which will be formed post ...

Next steps on carbon

Govt must move fast on emission trading

Net zero is net positive for profits, people, and planet

Pursuing green technologies will result in much faster GDP growth

Bharat Petroleum targets net zero, 10 GW of renewable energy by 2040

Bharat Petroleum Corporation Ltd, India's second-largest oil refining and fuel retailing firm, plans to scale up its renewable energy portfolio to 10 GW by 2040 - the year it is targeting net-zero carbon emission, chairman Arun Kumar Singh said on Monday. Addressing the company's annual shareholders' meeting, he said BPCL is diversifying and expanding into adjacent and alternate businesses, which will not only provide additional revenue streams but also offer a hedge against any decline in the oil and gas business. "The company has identified six strategic areas - petrochemicals, gas, renewables, new businesses, that is, consumer retailing, e-mobility and upstream - which will serve as pillars of future growth and create sustainable value for all stakeholders, while the core business of refining and marketing of petroleum products continues to provide stability and funding bandwidth," he said. This is with a view to achieving net-zero emissions by 2040, he added. In the renewable .