Emissions

Centre drafts proposal on emission reduction targets for PSU and private refineries, along with textile sector

A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.

EU to propose new 2040 climate target for emissions by end-March

A Commission work programme, published on Wednesday, confirmed the EU would amend its climate law this quarter – a long-planned move that would set a 2040 target to keep countries on track for its aim to have zero net emissions by 2050.

High emissions may scorch 25% of India's GDP by 2100 with 4.7-degree rise in temperature

The damage from inaction towards climate change is likely to be exponential, with India losing just around 5 percent of the GDP in high emissions scenario by 2035

India leads in carbon emissions reporting and target setting: BCG study

The study, prepared by study by BCG and CO2 AI, highlighted that at 24 percent, Indian companies are also ahead in target setting as compared to 16 percent global average, and in reducing emissions along a 1.5ºC Paris Agreement pathway, with an average of 15 percent as compared to 11 percent globally.

How transition bonds fuel decarbonisation in high-emission sectors: MC explains

Transitioning to greener operations requires substantial capital investment. Prime Minister Narendra Modi has said that India will require at least $10 trillion by 2070 to achieve its net zero target.

All that gas: Emissions reduction performance of top cement companies is a mixed bag in FY24

Most of these companies sourced 6% to 19% of their total energy from renewables in the last financial year. They are committed to achieving net zero emissions by 2050, which is 20 years ahead of India’s national target.

GAIL advances net zero target for Scope1, Scope2 emissions by 5 years to 2035

India’s largest gas distributor GAIL said the decision to advance the target was followed after an extensive study undertaken by the company to enhance its sustainability goals and align with India's broader net zero commitments

India's goal to become pivotal player in global hydrogen market gets a push

In Kandla, the DPA plans to develop a 7 million metric tons per annum (MMTPA) plant for green ammonia production and a 1.4 MMTPA plant for green hydrogen.

Confidence Petroleum says more industries want to switch to LPG

Currently, the steel industry relies on coke, derived from coal, to smelt iron ore to produce steel.

China doesn’t have a solution for its methane problem

The best hope of reducing methane emissions at this point may simply be the rise of renewables and population decline translating into less coal being mined and fewer cows eaten. That’s not enough to put China anywhere near the path to net-zero

MC Explains: Why Maharashtra pollution authority is sending notices to cement cos

Infrastructure projects and large-scale building construction and demolition work have generated dust over several parts of Mumbai, escalating the city’s AQI (air quality index) to 156 on October 19. At this time, New Delhi, which is generally considered more polluted than Mumbai, has an AQI of 121.

MC Explains: Is Mumbai facing an air quality crisis?

The ongoing infrastructure projects as well as large-scale building construction and demolition works have spurred dust particles in the air impacting the health of people.

Edelweiss Alternatives launches its first climate fund to combat climate change

The fund would invest in a wide array of climate-related projects ranging from climate mitigation to climate adaptation like renewable energy, transmission infrastructure, EV infrastructure and any such other related verticals

Oil India plans net zero by 2040, to invest $2 billion in projects: Report

The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world’s biggest emitters of greenhouse gases, aims for zero by 2070.

Emissions: How China’s downturn could save the world

Since it joined the WTO in 2001 and became the world’s factory, China has contributed nearly two-thirds of the growth in carbon pollution globally. As China reorients itself towards more productive activities, the country has an opportunity to reduce its energy intensity

IMO to impose levy on shipping firms failing to cut down GHG emissions: Secretary-General

During a media interaction on the sidelines of the Maritime Environment Protection Committee's (MEPC) 80th session here, Lim said that the committee had already adopted a decision regarding the financial levy last week.

Government notifies draft framework for formation of India's first carbon market

The Central Electricity Regulatory Commission will be the Indian carbon market regulator for all trading activities, while Grid-India will be its registry.

Auto industry seeks to soften Biden vehicle emissions proposal

The EPA said in April the proposed 2027-2032 standards would cut emissions by 56% compared to the existing 2026 requirements, or 13% annual average pollution cuts.

Green Pivot | India’s aluminium industry crucial for green transition but emissions pose a big obstacle

India needs investment to maximise its considerable potential as an aluminium manufacturer to the world

Market discovered carbon price more effective for emission reduction

The carbon price discovered in a market with stakeholders from various sectors trading under a transparent and stable policy regime will contribute to the development of a robust carbon auditing ecosystem in line with international norms

Building industry logs into green agenda to cut emissions

From manufacturers to materials technology providers and developers, the entire construction industry is seeking to lower carbon emissions. Accounting for almost 40 percent of carbon emissions globally, this corporate awareness of green practices is probably not a minute too soon