Grid, industry, transport decarbonisation crucial to meet netzero targets

This transition to new and renewable sources of energy would not come cheap, with India needing around $15 trillion in investments to achieve net zero between 2022 and 2070, according to a Deloitte-FICCI study. India’s total energy demand would likely double by 2070 from the 2020 level, due largely to aggressive energy efficiency and the

COP28 action agenda aims to cut 22 gigatons of emissions

Sultan Al Jaber, president of the 28th Climate Change Conference (COP28), said the first pillar of this year’s COP action agenda, aims to eliminate 22 gigatons of greenhouse gas emissions in the coming 7 years to meet the 1.5 degrees Celsius warming target. In a speech at the UN Climate Ambition Summit in New York,

Projects aimed at cutting carbon emissions classified likely junk

Nine renewable energy projects in India aimed at reducing greenhouse gas emissions have been classified as “likely junk” in an analysis by Corporate Accountability, a non-profit organisation, and The Guardian. The report, published in The Guardian, looks at the data provided by AlliedOffsets, a repository of carbon offset projects — which claim to reduce, or

ABB to provide power, propulsion systems to Samskip’s ships

European containerline Samskip has tapped Swiss tech firm ABB for the provision of complete power, propulsion and automation systems for its hydrogen-powered container vessels. ABB will deliver the system for Samskip’s two newbuild short-sea container ships which will be among the first of their kind to use hydrogen as a fuel. Financial details of the

Conoship International bags autonomous zero-emission boxship design

Belgian maritime innovator Zulu Associates has contracted Dutch firm Conoship International to advance the design of the Zulu Mass 200 teu shortsea container vessel. The vessel concept, which received approval in principle from Lloyds Register, is planned to be initially operational with Anglo Belgian Shipping Company on Green Corridors between the European continent and the

Domestic crude production grows by 2.1% in August

Domestic crude oil production increased by 2.1 percent in August on a year-on-year basis to 2.5 million metric tonnes (MMT), as shown by data from the Oil Ministry on September 20. According to data from the Petroleum Planning & Analysis Cell (PPAC), ONGC registered a production of 1.61 MMT, while Oil India produced 0.28 MMT

TotalEnergies to invest $300 mn in JV with Adani Green Energy

TotalEnergies to invest $300 million in a joint venture with Adani Green Energy for renewable energy project. French oil major TotalEnergies will invest $300 million to form a joint venture (JV) with Adani Green Energy on a project related to renewable energy, according to an exchange filing on Wednesday. The JV will have a capacity

FM expresses concern over CBAM to EU

FM Sitharaman has expressed her concerns regarding the Carbon Border Adjustment Mechanism (CBAM), mentioning that she has communicated to European parliamentarians that the CBAM would essentially make India pay for greening its own steel production.  The full implementation of the CBAM is slated for January 2026. India and the European Union (EU) seem to be

UN climate ambition summit calls for revised netzero goals

Major emitters of planet- warming greenhouse gases are expected to ratchet up climate action and announce new plans at the United Nations Climate Ambition Summit that began recently. The New York Climate Week, organized in partnership with the UN during the general assembly, will be held on September 17-24, bringing together representatives from business, government

Six of nine planetary boundaries breached: Report

Human activities have accelerated the death of the planet. A recent study by the journal Science Advances has found that the Earth has crossed 6 of the 9 planetary boundaries, a framework of different thresholds that tell just how endangered a planet is. It seems that humans are in a race against time to kill