GAIL advances net zero emission target to 2035

State-owned gas utility GAIL (India) Ltd said it has advanced the target to achieve net zero carbon emission by five years to 2035 as it takes a multi-prolonged approach to reaching the goal. The company was previously targeting net zero carbon emissions by 2040. GAIL Board accorded approval to advance its net zero targets for

Net zero power sector at risk across all G7 countries

Climate think tank E3G has found that the delivery of G7 net zero power targets is at risk, with the UK needing to address various aspects of its transition, particularly in renewable energy share and gas dependency. The organisation’s G7 Power Systems Scorecard analyses the progress being made by G7 countries towards a decarbonised power

Energy transition by 2050 not happening says report

Smil publishes something new, people in the energy space pay attention. That’s certainly the case with his latest publication, a 48-page report titled “Halfway Between Kyoto and 2050: Net Zero Carbon Is a Highly Unlikely Outcome.” In the report, Smil details efforts to date by global governments to reduce greenhouse gas emissions and finds them

MAN Cryo to design hydrogen supply for netzero Norwegian ferries

MAN Cryo has been contracted by Torghatten Nord A/S, the Norwegian ferry company, to work on a project encompassing the design and engineering of two hydrogen-powered newbuild RoPax ferries. The project stems from a Norwegian government initiative for major vessels operating on the challenging mainland-Lofoten Islands crossing to become emission-free. Part of MAN Energy Solutions

SRK achieves net zero certification in global diamond sector  

Globally-renowned natural diamond crafting company Shree Ramkrishna Exports Pvt. Ltd. (SRK) announced a trailblazing achievement toward emissions elimination. Initially set to reach net zero at its two flagship crafting facilities SRK House and SRK Empire in 2030, SRK joined forces with the Global Network for Zero (GNFZ) to accelerate its target to 2024, becoming the

Volvo Penta provides power solution for retrofit electric CTV

Gothenburg-based Volvo Penta will provide the power solution for the world’s first retrofitted electric crew transfer vessel (E-CTV). Volvo Penta will power an existing vessel in one of just 10 projects awarded UK government funding as part of an industry-led transition to net zero. For the project, the company will supply a fully electric propulsion

Shipowners welcome 40% production benchmark

European shipowners welcomed the inclusion of clean fuels for shipping, including advanced biofuels and e-fuels, in the list of net-zero technologies adopted yesterday at the European Parliament under the Net-Zero Industry Act.    The new law introduces a benchmark for the European Commission and EU member states to match 40% of the deployment needs for clean

SEB adds shipping to 2030 net zero target

Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to the Net Zero Banking Alliance. The Net Zero Banking Alliance is a group of global banks committed to financing climate action to transition the real economy to net zero greenhouse gas emissions by 2050 and

Electric vessels leading Singapore’s decarbonization journey

The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s first pilot trial for an electric harbor craft charging point. Alongside other recent advances in maritime electrification, it marks another important step toward the city-state’s target of net zero emissions by 2050. Located at Marina South Pier, the new charging point features a

Marriott International commits to achieve netzero by 2050

Marriott International has announced that its near and long-term science-based emissions reduction targets have been verified by the Science Based Targets initiative (SBTi), committing the company to achieving net-zero emissions across the value chain by 2050. The target boundary will include emissions removal from bioenergy feedstocks. The global hospitality company is aiming to reduce absolute