Page 3 - Greenhouse Gases

COP27: Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

Paris Agreement requires phase down of all fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday said meeting the long-term goal of the Paris Agreement requires "phase down of all fossil fuels", sources told PTI. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks said. The move paves the way for fierce debates during the second week of talks being held in the resort town of Sharm el-Sheikh from November 6 to 18. Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, Indian negotiators told the Egyptian COP27 presidency that meeting the long-term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more harmful or labelling them 'green and sustainable' even when they are sources of greenhouse gases, has no basis in

78% spike in greenhouse gas emissions in Gujarat; Ahmedabad to get hotter

'Greenhouse gas emissions have increased by 78 per cent since 2005, energy sector emissions have increased by 71.32 per cent, while there is 7.06 per cent increase in water sector emissions'

United Nations to seek out methane gas emitters with data from space

Big emitters of the heat-trapping gas methane can expect a call from the United Nations starting next year, when the global body launches a new platform to combine existing systems for tracking the potent greenhouse gas from space. The UN Environment Programme said on Friday that the new Methane Alert and Response System MARS for short is intended to help companies act on major emissions sources but also provide data in a transparent and independent way. It draws on satellite measurements performed by NASA and the European, German and Italian space agencies. Data from private satellite operators will also be incorporated in future. Each of these instruments give us a correct answer to a question that is slightly different, because each of them see different things," said Manfredi Caltagirone, head of the International Methane Emissions Observatory at UNEP. "So the only way you can have a correct picture is to connect them all together. The data will be released 45 to 75 days afte

Switzerland is paying poorer nations to cut emissions on its behalf

The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations

COP27: IMF identifies 3 crucial areas for reducing greenhouse gas emissions

'If we do not take action now, the damage and devastation brought on by climate change will only get worse,' says IMF

Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the World Energy Outlook 2022 report

India can accelerate green investments to $12.1 trillion by 2050

India can accelerate green investments to USD 12.1 trillion by 2050 and reap a host of benefits, a consultancy firm said on Thursday. With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report. However, India has the potential to create 287 gigatons of carbon space for the world if it accelerates its efforts to fight climate change, the report said, adding that this amounts to almost half of the global carbon budget for an even chance at limiting warming to 1.5 degree celsius. "India's decarbonisation will require an estimated USD 12.1 trillion (5.9 per cent of GDP) of green investments until 2050 for the 'accelerated' scenario," it said. India has committed to net zero emissions by 2070. As per earlier estimates, the shift to net zero by 2070 will require USD 10 trillion worth investments. Mckinsey said there are tailwinds which would be of help to

Growth in renewables saved $11 bn for EU in gas imports since Ukraine war

Clean power covered 24% of the EU's energy needs between March and September this year, the highest ever for this six-month period, according to a study by think tanks E3G and Ember

ESG and net zero emissions gaining momentum among realty developers

ESG focus is fairly advanced in developed realty markets and will soon become widespread in India, say industry players; the sector aims to achieve 80-90% green certifications in 4-5 years

Nord Stream breaches reminder of vulnerabilities in undersea infrastructure

The greatest single release of potent greenhouse gas ever recorded was caused by four breaches of Russia's Nord Stream 1 and 2 gas pipelines, located near the territorial seas of Denmark and Sweden

India is where climate tech meets global venture capital

The country's post-Covid resurgence has been backed by better roads and infrastructure, and a manufacturing turnaround

Developed nations emitted maximum green house emissions: UN chief

UN chief Antonio Guterres has said that developed economies are responsible for the vast majority of greenhouse gas emissions to the atmosphere throughout history

Mexico: State-owned oil company admits releasing huge methane plume

Mexico's state-owned Petroleos Mexicanos oil company acknowledged on Thursday it released a huge plume of methane, a potent greenhouse gas, in the Gulf of Mexico late last year. A report published in June by Spanish university researchers in the journal Environmental Science and Technology Letters estimated that the leak contained about 40,000 tons of methane. The article estimated that would be equivalent to releasing about 3.3 million tons of carbon dioxide into the atmosphere. The gas release came in December when one of the company's oil platform in the Gulf of Mexico stopped flaring, or burning off oil well gases. The company, known as Pemex, claimed the gases escaped unburned for a few hours. Researchers said it happened over a period of over two weeks. Petroleos Mexicanos acknowledged Thursday that the leak occurred accidentally after winds and rains extinguished flames meant to burn off the gas. But the company said only 22 per cent of the gas release was methane, and the

Australia's Woodside to invest $10 mn in methane recycling firm String Bio

The investment is a part of Woodside's goal to spend $5 billion on new energy and low-carbon services by 2030, in line with a global push for cleaner energy

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

Satellite spots huge amount of methane emissions from Russian coal mine

A private company said that it detected one of the largest artificial releases of methane ever seen, coming from a coal mine in Russia

Unreasonable terms

New environment index is not objective

Inconvenient questions

How do I explain the global media powerhouses need to get real about the impacts of climate change on countries like India - my country?

Vedanta to modify design of waste heat recovery plant in Goa

This is in line with Vedanta's efforts towards reducing the carbon footprint