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The country's largest stainless steel maker Jindal Stainless took various initiatives to reduce 1.4 lakh tonnes (LT) of carbon emissions in the last financial year, its Managing Director Abhyuday Jindal said on Monday. The company aims to be carbon neutral by 2050. To achieve the goal, JSL has also created a position of Chief Sustainability Officer (CSO) and appointed Kalyan Kumar Bhattacherjee to the key post, Jindal said in a company statement. "We reduced 1.4 LT CO2 in FY22 through various initiatives. From investing in Renewable Energy, Green Hydrogen production to introducing EVs at our manufacturing plants, we are continuously building an ecosystem that supports our environmental, social, and governance goals (ESGs)," he said. Bhattacherjee will be responsible for leading sustainability initiatives, reducing carbon emissions for the company's current and future capacity expansion plans with the goal to achieve the net-zero target by 2050, JSL said. Bhattacherjee said JSL is
The world is projected to spew 40.6 billion tonnes of CO2 (GtCO2) into the atmosphere in 2022, with no sign of the decrease that is urgently needed to limit warming to 1.5 degree Celsius, according to a new report released on Friday, coinciding with the UN climate summit in Egypt. The projection of 40.6 GtCO2 total emissions in 2022 is close to the highest-ever annual total of 40.9 GtCO2 in 2019. If current emissions levels persist, there is a 50 percent chance that warming of 1.5 degree Celsius will be exceeded in nine years, according to the "Global Carbon Budget 2022" report by a group of scientists who track emissions and publish in peer- reviewed scientific journals. 1.5 degree Celsius is the preferred warming limit set by the 2015 Paris Agreement -- a limit that countries hope will be sufficient to avoid the worst impacts of climate change. Earth's global surface temperature has increased by around 1.1 degree Celsius as compared to the average in the pre-industrial (18501900)
Steel Minister Jyotiraditya M Scindia on Friday said the metal sector is highly energy-intensive which causes large carbon emissions, and there is a need to adopt new technologies for attaining the zero-emission target. The iron and steel industry globally accounts for around 8 per cent of total carbon dioxide emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. In today's world nothing is waste and all so-called wastes can be converted into resources by adopting suitable technology, the minister stated. Speaking at an international conference on circular economy and resource efficiency, Scindia said majority of natural resources are finite, so it is important to find environmentally and economically feasible ways to utilise these resources. The country's mining and metal sector, he said, is posed for robust development due to expected jump in demand to support the growth in the automotive, infrastructure, transport, space and defen