NET ZERO TARGETS
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
GAIL advances net zero emission target to 2035
GAIL accelerates its net zero carbon emission goal to 2035, aligning with India's commitments. The strategy includes electrification, renewables, and proactive emission reduction measures, reinforcing GAIL's pivotal role in India's sustainable development journey.
Economic benefits of investing in WASH for corporates
A noteworthy fact in the CSR spends of the past 5 years is the growing emphasis on healthcare, WASH and environment sustainability (JICA Report). This bodes well for achieving India’s net zero goals by 2070.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
At G7 Outreach session, PM Modi calls for ending monopoly in technology
Prime Minister Narendra Modi, addressing the G7 summit in Italy's Apulia region, called for ending technological monopolies and fostering creative technology to build an inclusive society. Highlighting the global impact on the Global South, Modi emphasized India's responsibility to voice their concerns, prioritizing Africa's development. He stressed the significance of artificial intelligence, citing India's AI Mission and national strategy. Modi advocated for international governance in AI and outlined India's energy principles of availability, accessibility, affordability, and acceptability, reaffirming the country's commitment to achieving Net Zero by 2070.
India’s climate dilemma will hang over PM Modi’s next five years
Prime Minister Narendra Modi aims to lead India into a 'green era' while grappling with a reliance on coal energy. He faces pressure to meet climate targets, including net zero emissions by 2070 and massive renewable energy goals.
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India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
India needs $385 billion for 500 GW renewable energy by 2030. Coal remains key for next decade. Adani Group plans to generate 45 GW of renewable power by 2030 to support India's transition to net-zero by 2070.
Cairn Oil & Gas targets net zero by 2030
Cairn Oil & Gas, part of Vedanta Group, aims to achieve net zero by 2030 through renewable energy initiatives like sourcing 70 MW of renewable energy and installing solar rooftops in Rajasthan and Gujarat. Moreover, the group also aims to achieve net zero by tree planting.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
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.
IIFCL aims to be zero net NPA financial institution during FY25, says MD Jaishankar
IIFCL, the state-owned infrastructure financing firm, anticipates a loan growth of approximately 18% and targets reducing net non-performing assets (NPAs) to zero in the current fiscal year. Gross NPAs at India Infrastructure Finance Company Ltd (IIFCL) decreased to 1.61% in FY24 from 4.76% in the previous year.
India projects biggest power shortfall in 14 years in June
India faces severe power shortfall, deferring maintenance and restarting idle units post-hydro decline. Efforts to maximize generation ongoing to meet demand, with focus on renewables and existing plants. Grid-India projects peak night-time demand.
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
NTPC achieves 20% torrefied biomass co-firing at Tanda thermal plant, marking a milestone in India's power sector. Torrefied biomass, akin to coal, enables higher co-firing percentages without major modifications. NTPC aims for decarbonization, exploring biomass co-firing in existing and new coal power plants to reduce emissions and mitigate air pollution.
Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
Tata Power plans a 66% higher capital expenditure of Rs 20,000 crore to focus on energy transition and net-zero emissions. The company aims for 70% capacity from non-fossil-based fuels by 2030.
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.
For clear air, go nuclear
Global nuclear energy pivotal for decarbonisation and achieving net-zero targets. India's indigenous nuclear program aims to triple capacity by 2032. Embracing nuclear energy could lead to substantial emissions reductions and cost savings.
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
EU lawmakers back law to boost domestic clean tech production
The act is a centrepiece of the EU's push to ensure it is not only a global leader in cutting greenhouse gas emissions, but also in manufacturing the clean tech required.
India adds record 18 GW renewable energy capacity in FY24
India added 18.48 GW renewable energy in 2023-24, targeting 500 GW by 2030. RK Singh highlights solar, wind capacities. Gujarat, Tamil Nadu, Karnataka lead in renewable energy capacity.
India can have a $78 billion green hygrogen electrolyzer market by 2050: Report
India's Green Hydrogen (H2) electrolyzer market is set to grow significantly, reaching $78 billion by 2050. This growth aligns with ambitious net zero targets, showcasing the pivotal role of Green Hydrogen in achieving decarbonization goals in Asia's industrial sectors.
India can easily surpass 500 GW RE target before 2030: Official
India is poised to exceed its 500 GW renewable energy target before 2030, according to Ministry of New and Renewable Energy (MNRE) Additional Secretary Sudeep Jain. India currently ranks fourth globally in installed renewable energy capacity. Jain expressed confidence in surpassing the target ahead of schedule, noting India's track record of exceeding its Nationally Determined Contributions (NDCs). He also highlighted the importance of raising awareness about new technologies, particularly green hydrogen, which plays a significant role in India's net-zero goals.
Developers step up focus on green buildings
According to Xynteo's Build Ahead, a business-led initiative focused on scaling decarbonising efforts in India, consumers are willing to pay 5-10% premium for green-certified homes. Mahindra Group recently partnered with Johnson Controls for a net zero energy buildings initiative to decarbonise India's commercial, urban residential and public buildings.
Barclays CEO says ‘wavering strength’ hurting net zero shift
After long promoting their climate work, many major financial institutions are now scaling back participation in international climate agreements.
India aims for green shipping on inland waterways in five years: Officials
India aims to convert its entire coastal and inland waterways shipping to renewable energy within five years, aiming to achieve net zero carbon emissions by 2070. The shipping secretary said that all vessels currently using waterways will be converted into green. India's share of renewable energy at major ports is less than 10%.
India sees Rs 41,000 crore investment for natural gas network in Kashmir, northeast
India aims to invest $4.95 billion in natural gas pipeline infrastructure in northeastern states and northern federal territories. Prime Minister Modi plans to increase natural gas share to 15% by 2030, reducing CO2 emissions. Licences awarded to supply gas to industries, automobiles, households in the region.
India Inc On The Move 2024: Smart and Sustainable Manufacturing - Accelerating towards trillion dollars and net zero
India aims to become a 5-trillion-dollar economy by increasing the manufacturing sector's contribution to GDP. The 'India Inc On The Move 2024' event focuses on smart and sustainable practices, addressing policy changes, investments, and the convergence of IT and OT.
Majority of businesses committed to achieving net-zero emission target: PwC survey
The report is based on a market survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs and CXOs of Indian businesses, spanning industries such as financial services, technology, media, and telecom (TMT), retail and consumer, engineering and construction, among others.
Majority of businesses committed to achieving net-zero emission target: PwC survey
Approximately 50% of Indian businesses surveyed are committed to achieving the net-zero target, reflecting their desire to address climate change and transition to a low-carbon economy, according to a PwC report. Around 48% of these businesses aim to achieve net-zero emissions by 2030. The report is based on a survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs, and CXOs across various industries. It also highlights the importance of incentivizing Environmental, Social, and Governance (ESG) interventions by the government and the need for transparent tax practices.
Tata Steel's VP Rajiv Mangal discusses holistic lifecycle assessment in the steel industry
Highlighting certain initiatives of Tata group like Project Aalingana and their NET Zero Target of 2025, he discussed the bigger picture on sustainability that the TATA group practices on the whole. The three-day intellectual exchange drew the participation of 120 global delegates. The International Conference was partnered by Clark University, as a Knowledge Partner.
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