GLOBAL EMISSIONS
Indian Army propels towards zero-emission by introducing 113 electric buses
The Indian Army has acquired 113 electric buses for troop transportation, aligning with the government's green initiatives. These 40-seater buses, with a range of 250 kilometers, are meant for plains and semi-hilly areas and are in the trial stage. This procurement supports India's zero-carbon emissions directive and highlights the military's commitment to eco-friendly solutions. The initiative reflects India's leadership in sustainable practices and innovation, encouraging other sectors to follow. The Indian Armed Forces are now blending national security with environmental stewardship for a greener future.
Google buys stake in Taiwan solar power firm owned by BlackRock
Investing in New Green Power in Taiwan, I drive sustainable energy solutions for manufacturers, reducing Scope 3 emissions. This aligns with my commitment to carbon-free operations and environmental sustainability, supporting solar capacity growth in the region.
Prevent mindless utilisation, promote mindful consumption: Bhupender Yadav
At the first India Climate Summit of the Times Network on Friday, Bhupender Yadav, the minister for environment, forest and climate change, pointed out carbon emission-intensive anthropocentric development, unsustainable consumption patterns, and desertification as three pressing issues that confront the world today.
Rich nations should provide climate finance to developing countries: Bhupender Yadav
"Temperature rise is a global problem. IPCC reports clearly say the increase in carbon emissions is driving average global temperatures up. Countries have prepared their Nationally Determined Contributions. India has achieved its climate targets, be it in the renewable energy sector or reducing carbon emissions," Yadav said at the India Climate Summit.
Global carbon removal market could reach $100 billion/yr from 2030-35, report says
Worsening climate change and inadequate efforts to cut emissions have led U.N. scientists to estimate billions of tons of carbon must be removed from the atmosphere annually by using nature or technology to meet global climate goals.
Explainer: How climate change fuels extreme heat worldwide
Climate change is driving dangerous heat waves across the Northern Hemisphere, with global emissions continuing to rise since 1995.
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Scientists discover river system that flowed 40 million years under ice in Antarctica
Geologists have discovered an old river that formerly flowed through Antarctica but is now buried below kilometers of ice.
How climate change fuels extreme heat worldwide
Climate change is driving dangerous heat waves across the Northern Hemisphere, with Christiana Figueres highlighting the global impact. Rising carbon emissions trap heat, making heat waves hotter and more frequent. The global temperature has increased 1.3 degrees Celsius since the Industrial Revolution.
Tata Communications closes maiden sustainability loan of $250 million from ANZ, DBS Bank and EDC
Tata's $250 million loan is linked to its progress on its carbon emission reduction, with the interest rate margin of the loan set to be adjusted based on these targets and the company's performance. "Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental milestones, are consistent with the company’s longer-term ambitions," a release from Tata Communications said
Uber's electric vehicle service, Uber Green arrives in Kolkata
Uber launched its electric vehicle service, Uber Green, in Kolkata, offering users on-demand EV rides across the city, including to and from the Kolkata International Airport. The initiative aims to improve air quality in the city and reduce carbon emissions. Uber plans to provide zero-emission services globally by 2040, with approval from the Science Based Targets Initiative. Uber India and South Asia President, Prabhjeet Singh, highlighted the company's commitment to expanding green transportation options in India.
Companies aren’t drawing up credible climate transition plans
The number of companies that actually reported a 1.5C plan increased by 44% to roughly one in four. While that’s “encouraging, action on credible climate-transition planning isn’t moving fast enough", says the CDP report.
Green and bear it for a steely resolve
India is preparing to challenge the EU's Carbon Border Adjustment Mechanism (CBAM) at the WTO, which requires non-EU steel producers to report emissions. As the only major steel producer with significant growth (8.5% in early 2024), India must address its sector's high carbon footprint, responsible for 12% of national CO2 emissions. To meet climate targets and expand exports, India is exploring biomass and green hydrogen for decarbonisation. The government must push the industry towards greener practices, implement green steel procurement policies, support R&D, and establish frameworks for financing the transition to ensure a sustainable steel sector.
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.
Solar investment outstrips all other power forms: IEA
Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report.
India, US, 12 others likely to ink pact today to meet climate financing goal
India, the US, and a dozen other nations are poised to sign a Clean Economy Agreement under the Indo-Pacific Economic Framework, aimed at meeting climate objectives through collaborative financing. The agreement, to be signed at a Singapore meet, focuses on improving market conditions and reducing barriers for low-carbon projects. While the pact is in its final stages of approval, experts caution against allowing imports of genetically modified seeds and foods under the guise of food security.
Planet overheating, ban fossil fuel ads: UN chief
UN Secretary-General Antonio Guterres stated humans are as destructive as the meteor that caused the dinosaur extinction, urging a ban on oil, gas, and coal advertising. His comments coincided with scientists reporting the last 12 months as the hottest on record. The global average temperature is 1.63°C above pre-industrial levels. Despite the agreement to phase out fossil fuels at COP28, emissions remain high. Guterres called for taxing fossil fuel profits and reallocating funds to combat climate change, as critical climate talks continue in Bonn ahead of the COP29 summit in November.
Carbon removal needs to quadruple to meet climate goals, researchers say
New policies are required to drive up demand for CDR, the authors said, with funding for new technologies falling since 2020. The $856 million invested in new startups last year accounted for around 1% of total climate tech spending.
India has significant potential for producing sustainable aviation fuel, says IATA
IATA highlights India's potential for Sustainable Aviation Fuel production to reduce carbon emissions. The organization plans to launch the SAF Registry in 2025, supported by various stakeholders like Hemant Mistry.
Escalating emissions: How Red Sea disruptions are driving up carbon emissions
Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.
Goldman Sachs expects oil demand to keep growing until 2034
The research division of the bank raised its 2030 crude oil demand forecast to 108.5 million barrels per day (bpd) from 106 million bpd, and expects demand to peak at 110 million bpd in 2034, followed by a long plateau till 2040, analysts led by Nikhil Bhandari said in a report.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
What is 'Net Zero', anyway? A short history of a monumental concept
The G7 leaders recently committed to achieving net zero emissions by 2050, with the Albanese government in Australia introducing legislation to create a Net Zero Economy Authority to drive investment in clean energy. The concept of net zero, aiming to balance carbon emissions with carbon sinks, emerged from early climate negotiations in the 1990s. It gained traction in the late 2000s as a metric for assessing mitigation efforts and became a key goal of the 2015 Paris Agreement. However, challenges remain in ensuring fairness and equity between developed and developing nations, and in avoiding greenwashing by corporations.
$215 trillion to save the planet is a bargain
By 2100, the permanent loss from additional warming under a “business as usual” scenario would rise to 52%, representing trillions of dollars in economic destruction.
Northern Lights, Aurora Borealis forecast: When will it occur again?
The present solar cycle is ideal for the formation of Auroras. The present solar cycle which began in 2019 will end in 2030. The solar activity will peak in 2025 and 2026.
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.
India overtook Japan to become world's 3rd largest solar power generator in 2023
India accelerated its solar energy deployment, surpassing Japan to rank as the world's third-largest solar power generator in 2023. This growth aligns with global trends, emphasizing the importance of clean electricity to meet rising demand and combat climate change.
EO data can generate $3 tn in economic benefits; help cut 2 gigatonnes of CO2 emissions: WEF report
The World Economic Forum and Deloitte report emphasize the economic benefits of Earth observation data, with a focus on reducing greenhouse gas emissions. Various industries can leverage EO data for improved operations and sustainability, contributing to global GDP growth.
India among top 5 developing countries in aviation emissions in 2019, study finds
The research team at the Norwegian University of Science and Technology also found that India's share in global CO2 emissions from domestic aviation was the third highest at 1.5 per cent. "The countries with the highest absolute domestic aviation CO2 emissions (global percentage share in total CO2 aviation emissions in parentheses) are the USA (13.4 per cent), China (8.9 per cent), India (1.5 per cent), Russia (1.2 per cent), and Japan (1.1 per cent)," the authors wrote.
G7 must lead the way on tackling global warming: UN climate chief
Stiell urges G7 at Turin to take lead with deeper emissions cuts and increased climate finance to meet Paris Agreement goals and avoid a global economic disaster.
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