Aluminium sector requires $29 bn investment for netzero emissions

According to a recent independent study by the Council on Energy, Environment, and Water (CEEW), the Indian aluminium industry would necessitate an additional capital expenditure (CAPEX) of nearly Rs 2.2 lakh crore (approximately Rs 29 billion) to attain netzero carbon emissions. Additionally, renewable energy (RE) power sources could mitigate 49% of the total emissions generated

Steel, cement industry require Rs 47 trn to become netzero

India is the second-largest producer of steel and cement in the world, and both are emission-intensive hard-to-abate industries “India’s Existing Steel And Cement Plants Will Require Rs 47 Trillion ($ 627 Billion) In Additional Capital Expenditure (CAPEX) To Achieve Net-Zero Carbon Emissions,” The Council On Energy, Environment And Water (CEEW) Report Said. The domestic steel

CEEW suggests emissions trade for India

According to the Delhi-based think tank Council on Energy, Environment and Water (CEEW) India should create a carbon emissions trading scheme (ETS) similar to what the European Union or South Korea have set up. The CEEW recommended a cap-and-trade mechanism for greenhouse gas emissions that can be made applicable to various sectors in order to

More incentives needed for green hydrogen policy, say experts

The ‘Green Hydrogen’ policy announced by the government on Thursday incentivises producers of this form of power but only partially, say experts. A notification by the Power Ministry on Thursday says that manufacturers of green hydrogen or ammonia may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through