Page 3 - Carbon Emissions

India to exceed 2030 climate target with up to 57% cut in emissions: Report

India is on track to exceed its climate target of reducing the emissions intensity of its GDP by 45 per cent by 2030 as compared to 2005 levels, according to a new analysis. The emissions modelling analysis by Delhi-based think-tank Council on Energy, Environment and Water (CEEW) and Alliance for an Energy Efficient Economy (AEEE), an NGO, projected that India's energy sector emission intensity could decrease by 48-57 per cent by 2030 as compared to 2005 levels. However, achieving the 2070 net zero target (balancing emissions with removals) will require additional policy interventions, centred around carbon pricing, along with power pricing reforms, fiscal support for clean technologies, enhanced energy efficiency and behaviour change initiatives. The findings, published this week in the international journal Energy and Climate Change', suggest that India's 2035 NDC targets could include reducing emissions intensity of GDP between 55 and 66 per cent relative to 2005 (with most ...

India-Denmark renew energy cooperation pact to boost net-zero emission

India and Denmark inked an initial pact on Friday to strengthen energy sector cooperation through renewed partnership, which supports the nation's target of achieving net-zero emissions by 2070. The agreement follows five years of successful collaboration under the original MoU, signed on June 5, 2020, and initially set to expire on June 5, 2025, a power ministry statement said. A proactive renewal ensures continuity in dialogue and cooperation, allowing a seamless extension of joint efforts in energy sector development, the ministry said. According to the statement, India and Denmark have reinforced their long-standing energy cooperation by signing a renewed Memorandum of Understanding (MoU) on Friday. The MoU was signed by Power Secretary Pankaj Agarwal and Ambassador of Denmark to India Rasmus Abildgaard Kristensen. The agreement reflects both countries' continued commitment to accelerate clean energy transitions. The renewed MoU supports India's ambitious target of achieving .

GreenLine, Bekaert partner to drive sustainable logistics with LNG trucks

Essar venture GreenLine Mobility Solutions on Thursday said it has joined hands with tire reinforcement technology company Bekaert to decarbonise road logistics. The partnership was flagged off with the deployment of GreenLine's LNG-powered trucks at Bekaert's Ranjangaon plant in Maharashtra, marking the beginning of a pilot phase, the company said in a statement. The pilot phase aims to significantly reduce the carbon footprint of Bekaert's logistics operations. The partnership will support India's vision of a gas-based economy, the statement said. Each GreenLine LNG truck is expected to reduce up to 24 tonnes of CO2 emissions annually, contributing to Bekaert's ambition of becoming carbon net-zero by 2050 and achieving 65 per cent of sales from sustainable solutions. "At GreenLine, we are proud to offeran integrated ecosystem - from LNG refuelling to real-time telematics - that empowers our partners to make meaningful progress on their net-zero goals," Anand Mimani, CEO of Green

Vedanta mitigates 28 million tonnes of carbon emissions since FY23

Vedanta Ltd on Wednesday said it has mitigated 28 million tonnes of carbon emissions since FY23, roughly equivalent to the carbon dioxide absorbed by more than one billion trees annually. Backed by the country's largest portfolio of energy transition metals, the company utilised 2.61 billion units of renewable energy including waste heat recovery in FY25, Vedanta Ltd said in a statement. Vedanta has a growing portfolio of low-carbon 'green' products in aluminium (Restora and Restora Ultra), zinc (EcoZen), and display glass (Super Green SaiSei), with some of the lowest carbon footprints in the world. The company said it has ramped up renewable energy usage by 14 times since FY'20 and is targeting to achieve 2.5 GW of renewable energy capacity by 2030. "At Vedanta, we don't see sustainability as a checkbox, but as a responsibility that shapes every decision we make. From producing the world's greenest metals, scaling up renewables, to empowering our people to be climate champions ...

Could Trump's tariffs slow emissions? Sure, experts say, but at great cost

President Donald Trump's sweeping global tariffs have stirred widespread anxiety about a severe economic downturn -- and curiosity, for some, about how it might affect the world's warming climate. Experts say a slowdown in international trade might have a brief and slight benefit in reducing greenhouse gas emissions, which come in part from fuels like gas and oil that are used to move goods around the world via ships, planes and vehicles. But any such benefit in reducing emissions, which cause climate change, will be swamped by sharply rising costs worldwide that will hurt efforts to transition to green energies. I would say it might help the climate in the first year or two if we have a downturn in economic activity or a recession, which no one wants, said Rob Jackson, head of the Global Carbon Project, a group of scientists who monitor greenhouse gas emissions yearly. But it will hurt the climate long-term because tariffs impact clean tech more than most other industries because o

India supports first global carbon tax on shipping industry at UN meet

India and 62 other countries on Friday voted in favour of the world's first-ever global carbon tax imposed on the shipping industry by the United Nations' shipping agency. The decision, taken at the International Maritime Organisation (IMO) headquarters in London after a week of intense negotiations, aims to reduce greenhouse gas emissions from ships and promote cleaner technologies. The move marks the first time a global carbon tax has been imposed on an entire industry. Starting 2028, ships will either have to shift to lower-emission fuels or pay a fee for the pollution they generate. The tax could generate up to USD 40 billion by 2030. However, all the funds will be used exclusively to cut emissions in the shipping industry and not for supporting climate action in developing countries. Despite this breakthrough in global climate policy, carbon pricing is expected to reduce shipping emissions by only 10 per cent by 2030, far short of the IMO's own target of at least 20 per cent.

Not acceptable that children need to wear masks to play outside: SC judge

Supreme Court Judge Justice Vikram Nath on Saturday laid stress on the need to regulate emissions and invest in cleaner technologies to combat pollution, saying it was unacceptable for children to grow up in an environment where they needed masks to play in the open. Justice Nath also said there was a need to explore solutions which struck a balance between economic growth and environmental wellbeing and that government policies must focus on green technologies. He was speaking during the inaugural session of the National Conference on Environment - 2025 at Vigyan Bhawan. President Droupadi Murmu was the chief guest at the event. "The capital city of India regularly experiences high levels of pollution. I believe we can all agree that it is not acceptable for our children to grow up in an environment where they need masks to play outside or worry about respiratory ailments at a young age," Justice Nath said. "This is an urgent call for action, a signal that we must come together to

British Steel plans plant closure after failing to agree deal with UK govt

British Steel said Thursday that it is planning to close its two blast furnaces and steelmaking operations in the northern England town of Scunthorpe, after its Chinese owner Jingye failed to agree a rescue package with the UK government. Unions called on the government to help secure the future of the company, which Jingye said is suffering daily losses of around 700,000 pounds (USD 900,000) despite the Chinese firm investing more than 1.2 billion to maintain operations since its takeover of British Steel in 2020. The company, Britain's second-biggest steelmaker, blamed highly challenging market conditions, the imposition of tariffs, and higher environmental costs relating to the production of high-carbon steel. British Steel said it is consulting with unions over the the decision to close the blast furnaces and steelmaking operations and reduce rolling mill capacity, potentially as early as June. Between 2,000 to 2,700 jobs are potentially at risk. The company had sought support

India, Japan likely to sign pact on sharing emission-reduction credits

Once finalised, carbon credits will be tracked through a registry, with joint committees managing projects and certifying credits issued based on reports

Microsoft leads carbon removal purchases, but overall demand remains low

Thus far, upward of 13.5 million metric tonnes-worth of carbon dioxide removal (CDR) credits have been bought, and just 4.7 per cent of those have been delivered

Can India's Carbon Credit Trading Scheme drive climate target success?

IETA estimates that by 2030, the global carbon credit market will be around $300 billion, growing to $1 trn to $1.5 trn by 2050. India is expected to be one of the big sellers

Railways on course to achieve Scope 1 net zero in 2025: Ashwini Vaishnaw

Scope 1 emissions are greenhouse gases emitted directly from an organisation's own sources or those under its direct control

Harry Singh Banga's Caravel Group sets sail on a zero-carbon mission

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

Jindal Stainless investing Rs 700 crore on decarbonisation projects

Jindal Stainless Ltd (JSL) on Tuesday said the company is in the process of investing Rs 700 crore in decarbonisation projects to achieve its net-zero goals by 2050. The investments will continue over next five years to set up various environment-friendly projects, which include renewable energy, green hydrogen, biodiversity conservation, waste management and adoption of carbon capture technologies, JSL said in a statement. "By investing Rs 700 crore in decarbonisation projects over the next five years...aim is to achieve financial and environmental goals, significantly reducing GHG emissions and carbon intensity by 50 per cent by FY35, and accomplishing net-zero emissions by 2050," the company said. JSL also said that it launched a task force on nature-related financial disclosure (TNFD) report aims to identify, assess, and mitigate nature-related risks while capitalising on opportunities to ensure business resilience and environmental stewardship. TNFD framework focuses on the fo

India's climate future lies in renewable energy, says Bhupender Yadav

Union Environment Minister Bhupender Yadav said that climate change impacts both developed and developing nations, but the historical burden of emissions lies with the Global North

India advocates tech transfer between Global South and North: Yadav

India, as a voice of Global South, believes that to fight climate change, developing countries need financial assistance, said Union minister for environment, forest and climate change Bhupendra Yadav

India should push for provisions in FTA to address EU's carbon tax: GTRI

India should push for inclusion of protective provisions in its proposed free trade agreement (FTA) with the European Union to safeguard its interests against the EU's carbon tax, think tank GTRI said on Thursday. The EU has decided to impose Carbon Border Adjustment Mechanism (CBAM), or carbon tax, which will come into effect from January 1, 2026. It would mainly impact seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products. The Global Trade Research Initiative (GTRI) said that if protective language is not included in the agreement, post FTA, EU goods will enter India duty-free, while Indian steel and aluminum could face high carbon charges under CBAM when exported to the EU. "Since CBAM imposes tariffs based on production methods, it violates WTO (World Trade Organisation) rules. India must push for protective language in the FTA to address this issue," GTRI Founder Ajay Srivastava said. The suggestions came at a time when Europea

'UN carbon programmes may help India take a fifth of $1 trn global market'

Some market participants are impatient, I think. They have got other recognised independent standards which they can use in the interim, said DIRK FORRISTER, president and chief executive of the IETA

State Bank of India aims to be net-zero by 2055: Chairman C S Setty

State Bank of India Chairman C S Setty on Sunday said the largest Indian lender is targeting to be Net-Zero by 2055. The bank will be celebrating its centenary year of existence then, he said. Setty made the remarks after flagging off the "SBI Green Marathon Season 5" event in the financial capital, according to a statement. Over 10,000 runners participated in the 5km, 10km and 21 km categories of the event held here. There will be similar events in Vizag, Lucknow, Chandigarh, Ahmedabad, Pune, Guwahati, Bhubaneswar, and Patna. Running legends Vinod Kumar Sharma, Barun Kumar, Vishak Krishnaswamy, Ashish Arya, Sarika Jain, Raj Gandhi and Rinkoo Singh were present at event, the statement said.

Renault beats profit forecast in 2024, warns on EU emissions rules

The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion euros ($4.49 billion), up 3.5 per cent on the previous year