CARBON DIOXIDE EQUIVALENT
Carbon removal industry reckons with a new problem — too many startups
Countering climate change requires reducing planet-warming emissions first. However, inadequate sufficient action means the world would have to draw down CO2 in the atmosphere.
Human-caused global warming hits record high, scientists report
Climate experts gathered in Bonn to prepare for COP29 in Baku, emphasizing the urgent need for global cooperation in mitigating climate change impacts, highlighted by the Climate Change Tracker's new data dashboard. The report reveals that human-induced warming has reached 1.19°C, with an unprecedented rate of 0.26°C per decade due to high greenhouse gas emissions.
Why it’s so hard to track the fashion industry’s emissions
The fashion industry, responsible for 2% of global greenhouse gas emissions, struggles to reduce its carbon footprint.
G7 nations fall far short of 2030 emission reduction targets, on track to achieve barely half of what is needed
The G7 countries, responsible for a significant portion of historical emissions and current greenhouse gas output, are falling short of their emission reduction targets for 2030. A recent analysis by Climate Analytics indicates that they are on track to achieve only half of the necessary reduction to meet the Paris Agreement's 1.5-degree Celsius warming limit.
US awards record $6 bln to back industrial emissions reduction projects
The U.S. Energy Department is granting $6 billion for 33 industrial projects in 20 states to reduce carbon emissions. This investment will create union jobs and enhance U.S. competitiveness. The largest project will install new technology at a steel facility in Ohio to cut emissions by 1 million tons. These initiatives aim to eliminate 14 million metric tons of pollution yearly, equivalent to removing 3 million gas-powered vehicles from roads. The funding recognizes efforts by industries like cement, a major CO2 emitter.
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Most new US cars to be EV or hybrids by 2032
Nearly three years in the making, the new tailpipe pollution limits from the Environmental Protection Agency would transform the American automobile market. A record 1.2 million electric vehicles rolled off dealers' lots last year, but they made up just 7.6 percent of total US car sales, far from the 56 percent target under the new regulation. An additional 16 percent of new cars sold would be hybrids.
India's buildings sector to overshoot country's entire carbon budget: Report
The countries are striving to achieve net-zero emissions (a balance between greenhouse gases emitted and removed from the atmosphere) to limit the rise in global average temperatures to 1.5 degrees Celsius and prevent further worsening of climate impacts.
Improper inhaler use in asthma patients adds to carbon footprint, finds UK study
Research conducted in the UK has revealed a concerning link between poorly controlled asthma and increased carbon emissions, primarily attributed to inappropriate inhaler use. The study, published in the British Medical Journal, analyzed health records of over 236,000 asthma patients and estimated that asthma care contributes significantly to the country's carbon footprint, totalling 750,540 tonnes of CO2e per year.
India is scorning the energy bounty that transformed China
Decades of promoting the technology, also known as CCS — which aims to filter the carbon dioxide from smokestacks and inject the pollution deep underground — have failed to produce more than a handful of operating plants.
The world’s forests are doing much better than we think
Brazil alone removed enough woodland since 1992 to counteract all the growth in China, the EU and US put together.
UK’s carbon tax may impact $775 mn worth of Indian goods
For the EU, the tax range is 20-35%. Both the UK and the EU have implemented emissions trading systems (ETS) to cap and reduce greenhouse gas emissions. These systems work by setting a limit on the total amount of carbon dioxide emissions allowed and then issuing permits to emitters. Companies must purchase permits for each ton of carbon dioxide they emit, and the price of these permits is determined by supply and demand.
Airlines likely to save Rs 150-180 crore by using Eastern Cross Taxiways at Delhi airport, says DIAL CEO
In a recent interview, DIAL CEO Videh Kumar Jaipuriar said assuming 10-15 per cent of aircraft use the Eastern Cross Taxiways (ECT), it is expected that there would be saving of around 55,000 tonnes of carbon dioxide. There can be savings of Rs 150 to Rs 180 crore for airlines by using the ECT, he said.
Indian farmers rack up carbon credits with climate-conscious ways
A new method of cultivation, called direct seeded rice (DSR), reduces the overall cost of cultivation by using 12-35% less irrigation water and reducing labor, sowing time, and use of chemical herbicides and fertilisers. The cultivation of rice, a staple food for more than 3 billion people worldwide, is responsible for 12% of global methane emissions and 1.5% of total greenhouse gas emissions.
Nations must go further than current Paris pledges or face global warming
The latest Emissions Gap Report from the UN Environment Programme (UNEP) reveals that current pledges under the Paris Agreement are insufficient to prevent global temperatures from rising by 2.5-2.9 degrees Celsius above pre-industrial levels this century. The report emphasizes the urgent need for increased climate action and low-carbon transformations to reduce greenhouse gas emissions. To achieve the Paris Agreement goals, mitigation efforts must be significantly strengthened in the next decade. The report also highlights that net-zero pledges are not currently credible, and the chances of limiting warming to 1.5 degrees are only 14 percent.
Bill Gates-backed startup to use old wood to remove carbon from the air
The idea for the carbon removal process, which Graphyte calls “carbon casting,” was first conceived by BEV partner Chris Rivest.
A pallet company shows how to save 1 million trees without impacting $25-trillion global trade
Despite the focus on becoming environment friendly, shipping and logistics have hardly given pallets a second glance. Bengaluru company Eco Pallet shows how this flat transport structure can be eco-friendly and durable.
India to push developed nations to become 'carbon negative' before 2050 -sources
India is reportedly pushing for developed nations to become carbon negative rather than carbon neutral by 2050. The country argues that this would give emerging economies more time to use fossil fuels for development purposes. India is set to propose this at the COP28 climate summit later this year. The country is resisting calls to commit to a deadline for phasing out its own use of coal and other fossil fuels. India's proposal comes as extreme weather events have led to heatwaves and erratic monsoons, and scientists are urging immediate action.
Shipping could face shortage of carbon-neutral fuel by 2030, DNV says
90% of the world's trade is done via ships and it also contributes to almost 3% of the world's CO2 emissions.
Removing carbon from the air enters its awkward teen years
The world’s first plant that pulls carbon dioxide from the air and turns it into stone has been operating in Iceland for about two years now.
Rich over-emitting nations owe India USD 1,446 per capita until 2050 as compensation, new study says
The researchers from University of Leeds, the UK, analysed 168 countries and quantified historical responsibility for climate breakdown, based on excess carbon dioxide emissions beyond equality-based fair shares of global carbon budgets.
Nuclear power sector saves 41 million tonnes of carbon emissions every year: Government
Nuclear power currently comprises three per cent of India's total electricity generation, Singh said, adding that sufficient production and share of atomic energy was essential for ensuring the country's energy security.
Carbon dioxide emissions reached a record high in 2022
Carbon dioxide is released when fossil fuels such as oil, coal or natural gas are burned to powers cars, planes, homes and factories. When the gas enters the atmosphere, it traps heat and contributes to the warming of the the climate.
View: New Delhi stands by its commitment to equity and climate justice
Climate science has established that global surface temperature increase is directly proportional to cumulative emissions and limiting it requires global GHG emissions to be kept within a specific limit, called the global carbon budget. It is no secret that a disproportionately large part of the global carbon budget has been used by developed countries.
COP27: India thwarts attempt to club it with historical polluters
During the first week of the climate talks, developed countries desired that all top 20 emitters, including India and China, discuss intense emission cuts and not just the rich nations which are historically responsible for climate change, they said.
A billionaire emits a million times more greenhouse gases than average person: Oxfam report
Cumulatively, 125 billionaires fund 393 million tonnes of CO2e (carbon dioxide equivalent) per year, which is equal to the annual carbon emissions of France, a nation of 67 million people. To put things into perspective, each of these billionaires would have to circumnavigate the world almost 16 million times in a private jet to create the same emissions, the report said.
World Biofuel Day: PM Modi to dedicate 2G ethanol plant in Panipat to nation
Creating an end-use for the agri-crop residue would empower farmers and provide an additional income generation opportunity for them. The Project will provide direct employment to people involved in the plant operation and indirect employment will be generated in the supply chain for rice straw cutting, handling, storage, etc.
Crunch time at talks amid discord on carbon markets
With discussions remaining deadlocked on how countries trade in carbon credits, finalisation of the draft text at the ongoing UN climate change conference (COP25) looked set to be dragged on to Saturday to allow this round of global parleys to arrive at an outcome.
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