Carbon Credits

After years of deliberations, at COP 29, the participating countries agreed to a deal on trading carbon credits. What does this mean?

Facilitating green FDI via international carbon markets tops expectations for Budget 2024: EKI

India's ambitious targets under the Panchamrit pledge, aiming for a substantial share of non-fossil fuel sources in the energy mix by 2030 and striving for net-zero emissions by 2070, set a bold trajectory.

Planting trees in arid & semi-desert forests failed as carbon offset strategy in Australia: study

Australia’s carbon credits system has failed: A study found that the country’s primary carbon offset method has been ineffective in combating the climate crisis, offering minimal to no assistance.

EKI Energy CMD says no need for regulatory intervention after Shankar Sharma’s comments

The Indore based company's former auditor had raised concerns over the company's financial statements saying recognition of revenues and the corresponding cost were not consistent with accounting principles.

EKI Energy to remove auditor after concerns raised over revenue recognition

The auditor had flagged concerns over revenue EKI Energy's financial statements for the third quarter and nine-month period ended December 2022. The company is yet to release FY23 fourth quarter results

EKI Energy not to restate Q3FY23 results after auditor concerns over revenue recognition: CMD Manish Dabkara

The company is working on revising the terms of customer contracts going ahead to avoid discrepancies highlighted by its auditor Walker Chandiok & Co.

Energy industry asks for GST on petrol, tax exemptions in renewables from Budget 2023 

The top ask for the energy sector from the budget is for the Goods and Services Tax (GST) on petroleum products. 

No integrity issue regarding carbon credits market: EKI Energy CMD

Every project goes through a rigorous audit process, said Manish Dabkara, so there is no integrity issue with credits available in the international voluntary market from different sectors and geographies

How the 2022 World Cup rebuilt a market for dodgy carbon credits

World Cup organizers have pledged to erase the event’s negative environmental impact. They plan to make the event “carbon neutral” by buying offsets — paying, in theory, for carbon to be removed or reduced from the Earth’s atmosphere somewhere else.

Explainer: Why carbon markets have emerged as a focus at COP27

The fight against climate change needs drive and a lot of finance. Many are looking to carbon markets as part of the answer.

With Shell JV, we hope to close FY22 at Rs 1,500-crore topline: Manish Dabkara of EKI Energy

The 12-year-old carbon credit developer and supplier formed a joint venture with Shell Overseas Investments BV last week

In rush to tackle pollution in Delhi, do not forget small towns and villages, say experts

Delhi gets all the attention, but the national ambient air quality report shows that pollution is an all-India issue and not just a rural or urban problem.

Vahdam India wants to become plastic free by 2024

Vahdam India is buying carbon credits to offset its direct and indirect emissions.

Sebi to crack whip on illegal investment schemes on net

Certain traditional-looking investment schemes are also being promoted through Internet by entities suspected to be linked to those already having faced regulatory action by the Securities and Exchange Board of India (Sebi), sources said.

Essar Steel commissions 19MW heat recovery plant at Hazira

Essar Steel has commissioned a 19 MW heat recovery power plant at its Hazira unit of Gujarat, which is likely to reduce the power cost of the company.

SRF bags carbon credits worth Rs 100cr

SRF has bagged carbon credits worth Rs 100 crore, reports CNBC-TV18, quoting NewsWire18. It touched an intraday high of Rs 320 and an intraday low of Rs 311.25. At 10:45 hrs the share was quoting at Rs 312.50, up Rs 0.55, or 0.18%.

SRF gets carbon credits worth Rs 305cr; stock gains 3.7%

SRF has got carbon credits worth Rs 305 crore, reports CNBC-TV18. It touched an intraday high of Rs 324.90 and an intraday low of Rs 311.50. At 10:02 hrs the share was quoting at Rs 320.15, up Rs 11.55, or 3.74%.

Torrent Power gets carbon credits worth Rs 297cr; stock up

Torrent Power has got carbon credits worth Rs 297 crore, reports CNBC-TV18, quoting NewsWire18. It touched an intraday high of Rs 232.90 and an intraday low of Rs 222. At 09:52 hrs the share was quoting at Rs 229, up Rs 8.15, or 3.69%.

Reliance Power gets approval for 12.3 mn carbon credits

Reliance Power touched a 52-week low of Rs 89.40. At 11:04 hrs the share was quoting at Rs 91.55, up Rs 0.65, or 0.72%.

JSW Steel gets carbon credits worth Rs 43.6cr

JSW Steel got carbon credits worth Rs 43.6 crore, reports CNBC-TV18. It touched an intraday high of Rs 880 and an intraday low of Rs 864.30. At 09:24 hrs the share was quoting at Rs 867, down Rs 15.75, or 1.78% on the NSE.

Indowind Energy eyes 25MW expansion project this year

KV Bala, Chairman, Indowind Energy in an interview with CNBC-TV18 elaborated on their recently secured carbon credits approval.

Navin Fluorine gets 1.8mn carbon credits; stock up 4.6%

Navin Fluorine International has got 1.8 million carbon credits, reports CNBC-TV18. It touched an intraday high of Rs 296.65 and an intraday low of Rs 282. At 09:48 hrs the share was quoting at Rs 293.70, up Rs 12.95, or 4.61%.

India Glycols registers Gorakhpur plant for carbon credits

India Glycols has registered Gorakhpur plant with UN for carbon credits. It touched an intraday high of Rs 143.80 and an intraday low of Rs 135.25. At 12:33 hrs the share was quoting at Rs 141.35, up Rs 6.70, or 4.98%.

India Glycols to make most of carbon credit opportunity

India Glycols has registered for Gorakhpur plant with the United Nations (UN) for carbon credits. In an interview with CNBC-TV18, Rakesh Bhartia, CEO, India Glycols said, "We are looking at about 100,000 CARs (or CRs) per annum."