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

India’s netzero emissions target of 2070 little too long-term

Union Minister Hardeep Singh Puri said achieving the net zero emissions target by 2070 is “little too long-term”, indicating that the country may achieve the milestone ahead of the deadline. Under the net zero target, India will completely switch to renewables by 2070. The minister said this addressing the 26th Energy Technology Meet. He is

Approval in Principle for Methanol Superstorage solution on existing ships

A new and space efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying that no major conceptual issues have been identified as standing in the way of its securing classification approval and regulatory compliance. Methanol Superstorage offers the potential for ships with years of service ahead to

India needs to invest up to $7 tn for netzero

India may need to invest as much as $7 trillion to achieve its net zero carbon emission target by 2050, a task that seems more plausible by 2070, according to Rajat Verma, Founder & CEO of battery recycling firm LOHUM. As per Verma, the transition demands close to $300 billion of investment annually. This is