Five important steps businesses can take to achieve net zero emissions

India’s commitment of net-zero emissions by 2070 at the COP26 has set in a sudden urgency for climate action with its ripples being felt in every corner of the world as many more countries also pledged their net zero targets. The historical Union Budget this year with it’s strong focus on climate action, further placed

Growth of bunkering infrastructure raises interest in LNG

There are clear benefits of using natural gas as fuel in shipping, most notably the environmental benefits related to a reduction in sulphur dioxide to almost zero. There are similar benefits to reduce the quantity of particulate matter and NOx.  However, global engineering, environmental, and strategic consultancy Ricardo notes that there are only around 500

SECI and HPCL sign MoU to fulfill government’s ambitions of carbon-neutral economy

Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India Limited (SECI) have signed a Memorandum of Understanding (MoU) to collaboratively work in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG Projects. This is in line with the government’s vision of a carbon-neutral economy by 2070. The

Bridging the gap between big tech’s net zero aspirations and reality

The pressure is mounting on businesses to slash their carbon footprint, driving a flurry of net zero commitments. However, some firms are still lacking the fundamentals necessary to hit their ambitious climate goals and the confident vision is not translating to reality on the ground. Technology companies are no exception. A bank of research and

IOC Chairman seeks budgetary support for refiners for using green hydrogen

With oil refineries expected to be the largest consumers of green hydrogen, Indian Oil Chairman Shrikant Madhav Vaidya on Monday said that a budgetary support for the refining sector will help achieve the net zero target. Speaking at the post budget interaction of the Maharashtra industry with the Union Finance Minister Nirmala Sitharaman here, Vaidya

Decarbonizing marine shipping: Clean fuels for a greener future?

Ship fuels manufactured using renewable electricity, and made purely from water and the gases found in the atmosphere, are being proposed as the solution to decarbonizing marine shipping. Net-zero by 2050 Countries around the world, including Canada, are adopting greenhouse gas (GHG) emissions targets of zero emissions by 2050. The global marine shipping industry is

Cairn Oil & Gas targets netzero carbon emission by 2050

Cairn Oil & Gas, a unit of Vedanta Ltd, said on Monday it is on course to achieve netzero carbon emissions by 2050, and added that its $4 billion investment to double production over the next three-four years is in line with the newly announced environmental, social, and corporate governance (ESG) roadmap. Vedanta founder &

Investment to accelerate Australia’s energy transition to net zero

Business — both big and small — is under no illusion as to the magnitude of the task at hand, in achieving Australia’s pledge to become a net-zero carbon dioxide-emitter by 2050. Increasingly it is falling to business to carry the standard to keep global warming below 1.5 degrees above pre-industrial levels. With the first

How governments are tempting corporates with CCS

Companies around the globe are increasingly looking to deploy carbon capture and storage technology. They’re acknowledging the huge potential of CCS in strengthening corporate sustainability efforts and decarbonising the global economy and we’re already seeing a steady rise of such projects worldwide. As of 2021, all operating CCS facilities that were operational or in construction

Europe’s biggest banks provide £24bn to oil and gas firms despite net zero pledges

Europe’s biggest banks led by HSBC, Barclays and BNP Paribas have provided £24bn to oil and gas companies that are expanding production less than a year since pledging to target net zero carbon emissions, data shows. Investments to drill new oil wells and tap fresh gas reserves, backed by funds from major banks, appear to