Page 22 - Carbon Emissions

GAIL targets net-zero carbon emissions by 2040: Chairman Manoj Jain

GAIL (India) Ltd, the nation's largest gas firm, is targeting net-zero carbon emission from its operations by 2040, ahead of targets by other state-owned firms, chairman Manoj Jain said on Friday. Net zero, or becoming carbon neutral, means not adding to the amount of greenhouse gases in the atmosphere. India, the world's fourth biggest emitter of carbon dioxide after China, the US and the EU, has committed to cut its emissions to net zero by 2070. And GAIL's target for 2040 is a step in aiding that. GAIL "is committed to reduce its carbon footprint by diversifying into the renewable energy sector," Jain said at the firm's annual shareholders' meeting. "In line with India's vision to achieve net zero by 2070, GAIL has completed a comprehensive study on science-based net-zero ambition and intends to achieve a 100 per cent reduction in Scope 1 and Scope 2 emissions and a 35 per cent reduction in Scope 3 emissions by 2040". Indian Oil Corporation (IOC) on Thursday announced a Rs 2 l

Here's what to expect from Senate's tax, climate and healthcare bill

After more than a year of stop-and-start negotiations, Democrats on Sunday agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit

India used far less than its share of global carbon budget: Govt

India has used far less than its fair share of the global carbon budget and its emissions can grow as it is a developing country: Govt

Adani Group to invest $70 bn in green energy, infra: Gautam Adani

Group leads the make India a net exporter of clean energy, says billionaire in speech to shareholders

Most major nations lag in acting on climate-fighting goals: Scientists

For most of the major carbon-polluting nations, promising to fight climate change is a lot easier than actually doing it. In the United States, President Joe Biden has learned that the hard way

JSW Steel ropes in BCG to work on decarbonisation goals for 2029-30

JSW Steel on Monday said it has partnered with US-based Boston Consulting Group (BCG) to meet its decarbonization goals

India preparing to submit new climate targets to UN ahead of COP27 talks

India's delay has been striking given Prime Minister Narendra Modi's surprise announcement at COP26 that his country would reach net-zero emissions by 2070

India must look at other options and not just EVs to curb emissions: Toyota

India must look at multiple technology options, including hybrids, to tackle carbon emissions and not just restrict to electric vehicles, a senior company official of Japanese auto major Toyota said

US top court limits federal power to curb carbon emissions: Report

The Supreme Court's conservative majority has signaled ongoing skepticism toward expansive federal regulatory authority

EU countries endorse a push to end combustion engine sales by 2035

Environment ministers struck a deal on the proposal after Italy gave up demands for a five-year delay in the EU's plan for automakers to clean up their fleet

JSW Steel earmarks Rs 10,000 cr for carbon emission reduction initiatives

Group chairman Sajjan Jindal said that the company has contracted for about 1 GW of renewable energy, of which 225 MW became operational in April 2022, and the balance will come on stream in phases.

Maruti Suzuki betting on hybrids over electric vehicles in clean shift

India's shift to electric vehicles is also much slower than other major markets like China and the US even though PM has committed to making India a net-zero carbon-emitting nation by 2070

Railways gets $245-mn World Bank loan to cut logistics project's emissions

Bid to help India reduce emissions through logistics project

Flipkart to focus on decarbonisation, commits to net zero emission by 2040

Flipkart Group will focus on key areas of impact -- such as sustainable platform, responsible value chain and positive collaborations -- to achieve a clearly-defined decarbonisation pathway

Global steel industry could face $518 billion stranded asset risk: Report

Much of this stranded asset risk is concentrated in Asia: 80 per cent of the BOF steelmaking capacity under development globally is planned in China and India

Delhi IGI airport to induct 62 EVs to cut down greenhouse gas emissions

The Delhi airport has decided to replace all its vehicles with EVs in the next four months for its airside operations under the Green Transportation Program

World Economic Forum 2022: Global leaders pledge to green their economies

Decarbonisation is now seen as an urgent necessity

Daimler India aims carbon-free operations at TN manufacturing plant by 2025

Daimler India Commercial Vehicles Pvt Ltd (DICV) on Thursday said it is aiming for 100 per cent carbon-free operations at its manufacturing plant at Oragadam in Tamil Nadu by 2025. The company, which manufactures Bharat Benz trucks and buses, also said it has set a target of 100 per cent paper-free organisation by the end of 2023. DICV Managing Director & CEO Satyakam Arya said the company has achieved sustainable growth in its domestic as well as export businesses. "A few key objectives for the next decade are to achieve 100 per cent carbon neutrality in our operations by 2025, become a 100 per cent paper-free organisation by the end of 2023, increase energy self-reliance and have a sharper focus on workplace diversity and culture," he said in a statement. As part of its sustainable business plans, the company said it currently uses 85 per cent of its energy from renewable sources. It has already harnessed solar energy for its manufacturing facility in Oragadam and laid the ...

Australian PM commits to cut 43% carbon emissions by 2030 at Quad Summit

Australian PM Anthony Albanese sought to push the climate change agenda by committing to reduce carbon emissions in the country by 43 per cent by 2030 with an aim for net-zero emissions by 2050

WEF 2022: Indian CEOs' alliance to supercharge race to net zero

The Alliance will continue efforts to achieve the vision outlined in the white paper released last year on net-zero