CMA CGM forms $1.5 bn fund for decarbonization

The CMA CGM Group is creating a “Special Fund for Energies,” backed by a five-year, $1.5 billion commitment designed to accelerate its energy transition and achieve net zero by 2050. The mission of the fund is both to invest in projects to secure the supply of renewable energies for all the group’s businesses and to

Carbon Offset Program Unveiled By G2 Ocean For Its Customers

G2 Ocean has launched a carbon offset program for its customers enabling them to digitally offset the emissions of their shipments by choosing to fund one or multiple climate projects. The introduction of the carbon offset program is a step for G2 Ocean toward its targets of becoming a net-zero emissions company by 2050 and

IOC to invest $25 billion to realize net-zero goals set for 2046

Indian Oil Corp, the country’s top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting. India, one of the world’s biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070. On

Green hydrogen vital for India’s growth and netzero goals, says NITI Aayog

Green hydrogen is now an essential component of India’s economic development and net-zero plans. Hydrogen will be a critical enabler in meeting global targets to limit temperature increases to 1.5 degrees Celsius, adapt to the adverse effects of climate change, and promote low-carbon development. According to a NITI Aayog report, it can help reduce 3.6

Siemens to achieve carbon neutral target ahead of its original target

Energy giant Siemens is set to hit its carbon neutral goal at its Congleton factory eight years ahead of its original 2030 target. By adopting a range of ‘green’ energy measures at the facility the company has saved over £250,000 (US$302,000) a year and taken the 80% power-independent factory off the grid. Located in Cheshire,

Helion obtains AiP for marine fuel cell

Helion announced that it had received approval in principle (AiP) for its marine fuel cell from the French testing, inspection, and certification (TIC) company, Bureau Veritas. According to the company, it is a step forward for hydrogen-powered maritime applications. The AiP has taken Helion’s FC-RACK™ closer to certification. The FC-RACK will incorporate a thermal management

Idemitsu Kosan targets to achieve carbon neutrality by 2050

Idemitsu, through its endeavors, hopes to move forward in the direction of achieving carbon neutrality. Idemitsu Kosan is an oil refining and oil chemical company in Japan. With the world’s most urgent mission being Carbon neutralization by 2050, Japanese firms like Idemitsu is trying to change their industrial constitution for becoming carbon neutral. Idemitsu Kosan’s

Telefónica obtains SBTi validation

Telefónica is the first telecommunications operator in the world to obtain the validation of the Science Based Targets Initiative (SBTi). The company confirms that its decarbonization route is in line with science. Telefónica is committed to achieving net zero greenhouse gas (GHG) emissions across the entire value chain by 2040, which represents an effective reduction

Canada frames rules for netzero emissions by 2035

The Canadian government published its proposed Frame for the Clean Electricity Regulations (CER). The CER rule making process is intended to arrive at a clear basis for provinces and territories to plan and operate their electricity grids, while also delivering reliable and affordable electricity to Canadians. The regulations are being developed around three core principles

NITI Aayog to develop a roadmap for netzero emissions of NTPC

NITI Aayog, NTPC to collaborate on developing NTPC’s Net Zero GHG Emission Roadmap. Both of them have signed an agreement I this regard in alignment to GoI’s ‘Panchamrit’ goals. The agreement seeks to formalize a framework of cooperation between the parties to facilitate. NTPC to strategize on diversification of its generation mix to eventually reduce