Page 4 - Carbon Emissions

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

India, France intend to jointly develop advanced nuclear reactors

India and France on Wednesday expressed an intent to jointly develop modern nuclear reactors, emphasising that nuclear power was crucial for energy security and transition to a low-carbon economy. The two countries signed a letter of intent on Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs), according to a joint statement issued after Prime Minister Narendra Modi met French President Emmanuel Macron in Paris. "Prime Minister Modi and President Macron stressed that nuclear energy is an essential part of the energy mix for strengthening energy security and transitioning towards a low-carbon economy," according to the statement. SMRs are compact nuclear fission reactors that can be manufactured in factories and then installed elsewhere. They typically have a smaller capacity than conventional nuclear reactors. The two leaders also acknowledged the strong civil nuclear ties between India and France and efforts in cooperation on the peaceful uses of nuclear energy, ..

Environment, carbon emission neglected in sustainable development: Study

Environment, carbon emission, biodiversity and malnutrition are among the issues that remain neglected by certain groups of countries, according to a recent study that analysed the trajectories of 166 nations towards attaining sustainable development. In 2015, member states of the United Nations adopted the 2030 Agenda for Sustainable Development. Aimed at achieving human progress, economic prosperity, and planetary health, the framework outlines 17 Sustainable Development Goals (SDG), including no poverty, zero hunger, quality education and gender equality. Questions, however, remain as to how different nations navigate their own paths toward these goals, said an international team of researchers from different countries, including Australia, China and Israel. Their study, published in the journal Nature Communications, found a "polarised global landscape" with systematically neglected SDG targets, potentially leaving behind millions of people. "Our results reveal a polarised glob

5 new Indian industrial clusters join WEF; commit to growth, jobs creation

As many as 33 industrial clusters from 16 countries, including five from India, on Wednesday committed to economic growth, jobs creation, and emission cuts as part of the World Economic Forum's Transitioning Industrial Clusters Initiative. The initiative, first launched at COP26 climate summit in 2021, and developed in collaboration with Accenture and EPRI, now comprises 33 clusters in 16 countries and five continents, the largest coalition of co-located companies and public institutions pledging to reduce their greenhouse gas (GHG) emissions while boosting economic growth and job creation. The 33 signatories together represent potential carbon dioxide-equivalent emissions reductions of 832 million tonnes -- approximately the annual emissions of Saudi Arabia, the World Economic Forum announced here during its Annual Meeting 2025. They also make a direct contribution of USD 492 billion to gross domestic product (GDP) and support 4.3 million jobs. In addition, a new report, published

Carbon markets investor kicks off $1.5 bn Amazon protection plan in Davos

The initiative is the first major campaign by Silvania, a $500 million nature and biodiversity investment vehicle, working with Conservation International and The Nature Conservancy

Blending dilemma: Conflicting priorities on flex-fuel need clear policy

Ethanol in India is derived primarily from sugarcane, a crop that is not only water-intensive but is also being increasingly diverted to ethanol production

Delhi records 'poor' AQI again as Grap rule changes spark confusion

Amid the confusion over Grap curbs, Delhi woke up to 'poor' air quality on Tuesday, a slight improvement from the 'very poor' category recorded the previous morning

Google signs deal to buy carbon removal credits from Indian farms

While some developers are looking at expensive new technologies that extract CO2 directly from the air, solutions like biochar could prove a cheaper near-term option

EET Hydrogen, ENKA partner for UK's low carbon hydrogen production plant

Essar Energy Transition (EET) Hydrogen on Wednesday signed an engineering, procurement and construction (EPC) contract with ENKA for its flagship low carbon hydrogen production plant (HPP1) at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, UK. In October 2024, the UK government announced funding had been agreed upon to support HPP1 as the UK's first large-scale low carbon hydrogen project at the heart of the HyNet Cluster. HPP1 will have a production capacity of 350 MW and will capture around 600,000 tonnes of CO2 a year equivalent to taking around 250,000 cars off the road. The EPC contract "represents a major milestone for the HPP1 project, for the UK hydrogen industry, the HyNet Cluster and for EET Hydrogen's progress towards its goal of developing 4 GW of low carbon hydrogen production for industrial businesses across the North West of England to decarbonise their operations, protecting jobs and driving economic growth," the company said in a statement. ENKA is

EET Fuels secures $350 million funding for decarbonisation plans

EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. EET Fuels, which owns and operates the UK's Stanlow refinery, is investing USD 1.2 billion over the next five years to decarbonise its operations and targeting a 95 per cent cut in emissions by 2030 through energy efficiency, carbon capture and fuel switching. The new facilities secured are USD 150 million from Afreximbank - the Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade - and upsizing of the previously reported USD 300 million trade credit financing facility with an international oil company to USD 500 million. "The company has agreed USD 3

Growth of cheap and dirtiest steelmaking tests govt's carbon mission

A lot of new output is emerging from small-scale plants that are relatively easy to build, but highly polluting

BluSmart expands its all-electric ride-hailing services to Mumbai

The service initially covers key areas such as Goregaon, Bandra, and the Bandra Kurla Complex (BKC), with plans for further citywide expansion

Hot button issue: How the scale of climate challenge is increasing

The World Meteorological Organization has said that 2024 was globally the warmest on record, exceeding the Paris Agreement threshold

Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Year in review: 5 important regulatory changes by Indian govt in 2024

Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024