The market is likely to initially cover heavily polluting industries including steel, cement, paper and pulp, petrochemicals and aluminum, subject to their readiness, said official
India has said that the first-ever Global Stocktake outcome should prioritise addressing pre-2020 gaps, capture equity as an overarching concern and acknowledge the serious lack of ambition among developed nations in combating climate change. Global Stocktake is a two-year UN review to evaluate collective global progress towards achieving the goals of the Paris Agreement. This process will conclude at the end of COP28 in Dubai. In a submission to the UNFCCC outlining its expectations from the Global Stocktake, India emphasised that the outcome should encourage developed nations to reduce their emissions in alignment with their historical responsibilities and provide support to developing countries in terms of finance, technology development and transfer, and capacity building. The Global Stocktake outcome must promote global climate action within the context of poverty eradication, sustainable development, economic diversification efforts, and closing gaps in social and economic ...
State Bank of India, the country's largest lender will encourage corporates to implement emission reduction technologies and get better terms for availing finance, an official of the bank said on Thursday. Ashwini Kumar Tewari, the managing director (risk, compliance and stressed assets resolution group), SBI, said that the bank will see how it can help corporates in this regard but at the moment does not ask them of their plans for net zero. At present SBI gives 25 basis points concession on interest rates for electric vehicles. At a later stage, corporates with a better ESG (environment, social and corporate governance) score will get better terms for getting finance from it, he said. "We don't ask for net zero plan from the companies now. Ultimately, we will go to it. We will start conversation with the corporates and that process will start," he said at the sidelines of the banking conclave organised by CII here. 'Net zero' emissions refer to the acheiving of an overall balance
A Nigerian environmental activist declared Wednesday at the first African Climate Summit that carbon markets are bogus solutions, providing a sharp reminder that not all of Africa's 1.3 billion people support richer countries using the continent's green spaces to offset continued polluting at home. The summit has sought to reframe the African continent, which has enormous amounts of clean energy minerals and renewable energy sources, as less of a victim of climate change driven by the world's biggest economies and more of the solution, with. But investment in the continent in exchange for the ability to keep polluting elsewhere has angered some in Africa who prefer to see China, the United States, India, the European Union and others rein in their emissions of planet-warming greenhouse gases. We reject forced solutions on our land, Priscilla Achakpa, founder of the Nigeria-based Women Environmental Programme, told summit participants on the event's final day. She urged the so-called
City gas distribution (CGD) utilities were among the first to feel the impact of rising fuel prices on demand last year after customers deserted them for alternative fuels
The International Maritime Organisation (IMO) has adopted interim guidance on the use of biofuels and biofuel blends, a resolution vehemently pushed by India at a maritime environment protection conference here. The London-based IMO is a specialised agency of the United Nations which is responsible for measures to improve the safety and security of international shipping and to prevent pollution from ships. The interim guidance adopted on Thursday at the 80th Session of the Maritime Environment Protection Committee (MEPC) of the IMO stressed that biofuels that have been certified by an international certification scheme, meeting its sustainability criteria and provide a well-to-wake GHG emissions reduction of at least 65 per cent compared to the fossil fuels can be used in the shipping industry. With this guidance coming into effect, India has great potential to be developed as a biofuel hub of the world. "We, with our highly sustainable second-generation biofuel, are the leaders i
2W dispatches up 15% YoY, auto body says all segments have posted growth this April, indicating smooth shift to BS VI Phase 2 emission norms
Two-wheeler dispatches increased by 15% to 1,338,588 units in April
Automaker Renault on Thursday said it has upgraded its entire product range conforming to the upcoming stricter emission norms in the country. The company's entire range, including Kiger, Triber and Kwid, will meet the second phase of BS VI emission norms which will kick-in from April 1 this year. With the implementation of the second phase of BS VI norms, all company cars will be equipped with a self-diagnostic device, the automaker said. The device will constantly monitor the vehicle's emission levels while driving, along with other critical emission devices such as the catalytic converter and oxygen sensors, it added. "The launch of new BS VI Step 2 compliant petrol engines across the range will ensure substantial reduction in emissions, thus contributing to a safer and cleaner environment," Renault India Operations Country CEO and Managing Director Venkatram Mamillapalle noted. The company has also added extra safety features in the product line up, he added. "Safety is of ..
Rule deferred as trial results were 'far from satisfactory'
Initial acquisition cost of hybrid models to be on a par with diesel ones
Passenger and commercial vehicle prices are expected to rise as automobile companies invest in upgrading vehicles to meet stricter emission norms that kick in from April next year. The Indian automobile industry is currently working to make their products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real time driving conditions. Four-wheeler passenger and commercial vehicles will need more sophisticated equipment to be added to meet the next level of emission standards. Industry players expect an increase in the overall production cost, which could be passed on to buyers starting next year. Vehicles will need to have an on-board self-diagnostic device to monitor the real time driving emission levels. The device will constantly monitor key parts for meeting emission standards such as the catalytic converter and oxygen sensors, to keep a close watch on emissions. In a scenario wherein the emissions exceed the parameters, the device will indicate
Have India's exports hit a rough patch? Is Maruti's attempt to become a premium brand succeeding? What is keeping analysts upbeat on hospital stocks? What are real driving emissions? Answers here
New vehicles coming after BS VI norms implementation are less polluting. But lab emission test and those done on the road are different. It is called Real Driving Emissions. Find out more about it
The Union environment ministry has extended the deadlines for thermal power plants to install pollution control technologies and comply with new emission norms. This is the third time that the deadlines have been pushed in the last five years. In a notification issued on Monday, the ministry said the deadline for the power plants within a 10-km radius of Delhi-NCR and cities with a population of more than 10 lakh has been extended from December 31, 2022 to December 31, 2024. For the power plants in a 10-km radius of critically-polluted areas or non-attainment cities, the deadline has been pushed from December 31, 2023 to December 31, 2025. "Non-attainment cities" are those that have consistently failed to meet the National Ambient Air Quality Standards. The Central Pollution Control Board (CPCB) has identified 132 such cities. For all other power plants across the country, the deadline has been pushed from December 31, 2024 to December 31, 2026. The ministry also said the power p
The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on an environment where engineers did not feel able to challenge superiors
The meeting comes as ICAO is seeking broad agreement this fall on a long-term climate goal amid differences between Europe and China and growing pressure for aviation to curb emissions
The German carmaker also falsely advertised that their vehicles' emissions remained at a minimum level and met the Euro 6 emission standards between August 2013 and December 2016
To build a green and competitive India, we have to strive for net zero
It's not rocket science to understand whether the pollution is generated locally, or it comes from neighbouring states, or is a combination of both