Greenhouse Gas Emissions

UBS is buying Credit Suisse's greenhouse emissions burden too: Report

Just as UBS is sorting through Credit Suisse's assets, properties and personnel, it's also taking on its former rival's carbon emissions

How shipping industry is trying to clean up its biggest, dirtiest problem

A 2022 report concluded container ships can reduce fuel consumption and CO2 emissions by 14% per voyage if they optimize their speeds

World's transition to net-zero should be inclusive, says ITC CMD Puri

The process of the world's transition towards 'net-zero' needs to be inclusive to avoid accentuation of social inequality challenge and the 'exemplary progress' made by India in the area is worthwhile for the global community to look at, ITC Chairman and Managing Director Sanjiv Puri said on Monday. In his address at the Business-20 (B20) India inception meeting here, Puri also called for collective efforts in the G-20 and global community to come together to find solutions in a collaborative fashion for a sustainable future. "The fact that the world has to transition to net-zero, the fact that the world needs to move to a more sustainable and greener future is well acknowledged and understood. However, as we all know, progress has not been adequate," Puri said at the meeting organised by CII. There are challenges, there are critical, financial and social issues that need to be addressed, to accelerate progress, he added. "It is important as we traverse this complex journey that th

IEX forms subsidiary to explore business opportunities in carbon market

Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green house gases) emission by 45 per cent by 2030 to get on track to limit global warming to 1.5 degrees, an IEX statement said. The new company will facilitate corporates to meet their climate commitments goals. The Exchange platform will provide a robust market signal for attracting further investments in the sustainable projects and help corporates to allocate capex towards energy transition in most optimum manner, it added. As per industry estimates, the annual demand for voluntary carbon credit globally is expected to reach around 1.5 Gigatons, with India contributing around 200 million tonnes by ...

Italy's greenhouse gas emissions rising despite lower energy use: Report

Italy's greenhouse gas emissions are rising despite lower energy consumption, reflecting a move toward high-emissions energy sources

European Union govts reach deal on emissions trading, social climate fund

European Union governments and lawmakers have reached a deal on key elements of the 27-nation bloc's green deal, reforming the EU's trading system for greenhouse gas emissions and creating a new hardship fund for those hardest-hit by measures to curb climate change. The two sides on Sunday agreed to push European industries and energy companies to cut their emissions by speeding up the phase-out of free pollution vouchers. Doing so makes each ton of carbon dioxide that's released into the atmosphere more expensive for polluters. The EU's executive Commission said the measure would require European industries to reduce their emissions by 62% by 2030 from 2005 levels, compared to a target of 43% under the previous rules. To ensure a level playing field, the EU will also introduce a tax on foreign companies that want to import products which don't meet climate-protection standards European companies have to comply with. The so-called Carbon Border Adjustment Mechanism was agreed to las

Nasa says its sensors will detect methane produced by landfills globally

Nasa sensors will soon help scientists detect methane emitted by landfills across the globe, according to the US space agency

Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol

Car market leader Maruti Suzuki India (MSI) on Monday sought correct accounting of greenhouse gas emission benefits of ethanol blended fuel under the Corporate Average Fuel Economy (CAFE) norms. The second phase of CAFE norms came into effect from April this year. The regulation first came into force in India from April 1, 2017. It is aimed at lowering fuel consumption of vehicles by reducing their CO2 emissions, mandating the average corporate CO2 emission to be less than 130 gm/km by 2022, applicable to all petrol, diesel, LPG and CNG fuelled vehicles. Under CAFE II regulations, the average corporate CO2 emission must be less than 113 gm/km. The corporate average in CAFE refers to the sales-volume weighted average for every automobile manufacturer. To promote ethanol and flex-fuel, SIAM has made some specific policy enablers requests to the road transport and highways ministry, Maruti Suzuki India MD and CEO Hisashi Takeuchi said at a SIAM event here. "One of our key requests is

Climate talks should have done more on pollution cuts: US climate envoy

US climate envoy John Kerry said last month's international global warming talks didn't do enough to speed up cuts in emissions of heat-trapping gases. Kerry told The Associated Press in an interview Wednesday that there was progress on some aspects of reducing carbon pollution during the United Nations summit in Sharm El-Sheikh, Egypt. But he said there could and should have been much more and that what was done on the issue was overshadowed by a historic, but what he called potentially pyrrhic, agreement to establish a compensation fund for poor nations victimized by a warming world. We needed to significantly accelerate the reduction of emissions," Kerry said. "I would have liked to have seen greater outcome from Sharm with respect to mitigation, which is what climate negotiators call cutting carbon pollution. But we're just going to have to keep pushing, he added. We have to increase the mitigation and that's the one thing that I thought should have been highlighted even more,

Green pathways present a $1.6-trn investment window: World Bank report

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

China may not pay for climate change despite being 'biggest annual emitter'

Chinese policymakers do not agree with the suggestion that China should be considered a developed nation; according to Chinese policymakers, China continues to have extreme poverty in the country

Indian railways far from 'carbon neutral 2030' goal; lags in clean energy

The organization had installed renewable capacity of 142 megawatts of rooftop solar and 103.4 megawatts of wind energy as of August

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

COP27: To decarbonise by 2050, India needs investments of at least $7 trn

And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy

Focus is to capture, not halt, carbon emissions: Coal min Pralhad Joshi

'Both domestic exploration and buying stake in overseas mineral mines is on the agenda'

India ranks eighth, moving up two spots on Climate Change Performance Index

In 2022 and 2021, India stood at the 10th spot on the CCPI, while in 2020, it ranked ninth

For states, climate change and energy transition are Centre's concern

The focus of a majority remains on distributing free and subsidised coal-based power

COP27: Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

The opaque world of climate reporting

Investors, lenders, and stakeholders need a basis to accurately assess the impact of climate change on company operations. Sebi's climate change-reporting framework is well-intended but not adequate