JSW Cement starts EV trials to reduce carbon footprint

JSW Cement, part of $ 23billion JSW Group, has commenced a pilot of Electric Vehicles (EV trucks) trials as part of its plan to significantly reduce carbon footprint in logistics operations. The company plans to achieve this by replacing fossil fuel-based vehicles with EV Trucks. JSW Cement is one of the few cement companies to

EU launches world’s first carbon border tariff

The European Union inaugurated the first phase of the world’s first system of imposing CO2 emissions levies on imported steel, cement, and other commodities, in an effort to prevent more polluting foreign items from undercutting its green transition. The anticipated tax has alarmed trading partners, and at a recent meeting, China’s top climate envoy, Xie

Singapore to formulate alternative-fuel standards

SINGAPORE is set to step up its efforts to develop quality and standards in areas such as greenhouse gas reporting, decarbonisation and renewable energy in the next two to three years. Among the local standards in the pipeline are a methanol and ammonia bunkering standard, which will cover refuelling, operational and safety requirements for the

PTP joins Malaysia-Australia decarbonization initiative

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearhead Malaysia’s decarbonizing effort in the maritime industry and to foster inclusive growth

New decarbonisation survey by GCMD and BCG

A new survey by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) shows that most shipowners and operators see decarbonisation as a must, but data shows that major differences appear in their approach and urgency. The same can be said when it comes to adopting green fuels.  To incorporate views from

Indonesia launches carbon credit market

Indonesia launched a carbon credit trading market as part of its goal to reduce carbon emissions and achieve net zero by 2060. Southeast Asia’s largest emitter selected the Indonesia Stock Exchange (IDX) as the exchange for trading carbon credits. The carbon exchange will also promote energy transition and mitigate the climate impact of the country’s

ONGC, NTPC Green tie up for RE projects

Oil and Natural Gas Corporation (ONGC) inked a memorandum of understanding (MoU) with NTPC Green Energy Limited (NGEL) to develop renewable energy projects. A statement from ONGC said that the MoU will primarily explore the feasibility and setting up of renewable energy projects in various domains. It envisages collaboration of the two mega entities in

India needs to invest up to $7 tn for netzero

India may need to invest as much as $7 trillion to achieve its net zero carbon emission target by 2050, a task that seems more plausible by 2070, according to Rajat Verma, Founder & CEO of battery recycling firm LOHUM. As per Verma, the transition demands close to $300 billion of investment annually. This is

India to set emission reduction mandates for four sectors

India will set carbon emission reduction targets for four fossil fuel dependent sectors, as it looks to align its industry with the country’s greenhouse emissions reduction target, two government officials said. The country will fix carbon emission intensity benchmarks and reduction targets for three years for companies in petrochemicals, iron and steel, cement and pulp

REC to finance green H2 projects with $6bn

Financier of energy projects in India REC has signed preliminary agreements worth 500bn Indian rupees ($6bn) to develop green hydrogen and ammonia projects, REC’s chairman and managing director Vivek Kumar Dewangan said. REC made its first major publicly-announced contribution to a green hydrogen and ammonia project in July, with a Rs40bn loan to Indian renewables