Technip Energies and GE Vernova advance UK’s transition to netzero

Net Zero Teesside (NZT) Power is expected to be one of the first gas-fired power stations of its kind – fully integrated with carbon capture technology. Consortium and technology selection marks an important next step towards the proposed development of bp’s NZT Power project in the UK, aiming to capture up to 2 million tonnes

Shipping industry proposes ZESF fund for netzero transition

The International Chamber of Shipping (ICS) has submitted a comprehensive proposal to the UN International Maritime Organization (IMO), advocating for the creation of a Zero Emission Shipping Fund (ZESF). The proposal aims to accelerate the transition of the global commercial shipping fleet to net-zero emissions by 2050. The plan, backed by shipowners worldwide, proposes mandatory

MoU between India, USAID to help Railways achieve net-zero emissions

The Union Cabinet during a meeting chaired by Prime Minister Narendra Modi approved an MoU signed between India and USAID/India to help the Indian Railways achieve net-zero carbon emission by 2030. A press statement issued by the Indian Railways on Friday said the Cabinet was apprised of the signing of the Memorandum of Understanding (MoU)

Maersk signs green methanol deal with Goldwind

The agreement between Maersk and Chinese developer Goldwind, a global leader in clean energy, marks the first large scale green methanol offtake agreement for the global shipping industry. The deal significantly de-risks the initial stages of Maersk’s net-zero journey and supports expectations for a competitive green methanol market towards 2030, says a release from Maersk.

Making netzero emissions impossible with offsets

The idea that we can mitigate current carbon emissions by ‘offsetting’ them with carbon reduction initiatives elsewhere has become central to government and business responses to climate change. But it is an idea we need to seriously question. Essentially, the offsetting strategy assumes the release of carbon stored by ancient biology a hundred million years

Mission Net Zero India Summit 2023

Mission Net Zero India Summit presents a vibrant, inclusive and high-impact platform for Energy Sector to meet and collaborate for meaningful policy dialogues, share industry insights, showcase innovations and accelerate partnerships for a common goal of achieving decarbonized Economy for India by 2070. The Summit draws its strength from years of connections & interactions with

Govt working on estimating cost of netzero transition

According to Nageswaran, the total cost and impact of transitioning to Net Zero needs to be fully understood. According to Nageswaran, the total cost and impact of transitioning to Net Zero needs to be fully understood. The Union government is working with a multilateral development bank to estimate how much money it will cost India

Need to fast track carbon capture to achieve for netzero

To achieve global net zero goals by 2050, the world has to urgently fast track capturing 7 billion tonnes of carbon dioxide per year, according to Wood Mackenzie research. According to their analysis, the current pace of carbon removal is on course to reach only 2 billion tonnes of CO2 by 2050 (base case scenario).

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

IEA’s netzero roadmap highlights doubling energy efficiency

The updated Net Zero Roadmap from the International Energy Agency (IEA) underscores the urgency of this objective and highlights the need for governments to triple renewable energy capacity by 2030, gradually reduce fossil fuel usage, and double energy efficiency improvements. The IEA’s latest report reveals that while the path to achieving the 1.5 °C goal