NITI Aayog proposes decarbonising of industrial emissions
2 years ago

NITI Aayog proposes decarbonising of industrial emissions

The Hindu  

Carbon Capture Utilisation and Storage, the technology for decarbonising carbon dioxide from high polluting sectors such as steel, cement, oil, gas, petrochemicals, chemicals and fertilisers, has a critical role to play for the country to halve CO2 emissions by 2050, says a report on the policy framework of the CCUS prepared by the Niti Aayog and MN Dastur & Company. The report, released here on Tuesday by Niti Aayog Vice-Chairman Suman K. Bery, also said the CCUS technology would help in promoting the low carbon-hydrogen economy and in removal of the CO2 stock from the atmosphere. Mr. Bery said CCUS could enable the production of clean products while utilising rich endowments of coal, reducing imports and thus leading to a self-reliant India economy. “The private sector is unlikely to invest in CCUS unless there are sufficient incentives or unless it can benefit from the sale of CO2 or gain credits for emissions avoided under carbon pricing regimes,” the report said.

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History of this topic

Strengthening the roots of an agri-carbon market
6 days, 7 hours ago

Strengthening the roots of an agri-carbon market

The Hindu  

Carbon markets hold the potential to transform Indian agriculture, turning sustainable farming practices into a lucrative opportunity for farmers while combating climate change. Businesses exceeding these caps must either purchase carbon credits from projects that mitigate greenhouse gas emissions, such as agroforestry or sustainable agriculture projects, or pay carbon taxes for their extra emissions. To assess the readiness of India’s …

IIM Lucknow study reveals $1.7 trillion investment needed for net-zero goals
2 weeks, 5 days ago

IIM Lucknow study reveals $1.7 trillion investment needed for net-zero goals

India Today  

Researchers from the Indian Institute of Management, IIM Lucknow and Ahmedabad University have conducted a study outlining the necessary steps for India's industrial sector to achieve net-zero emissions by 2070. The study has been published in the prestigious journal Applied Energy and emphasises the need for transformative changes in the industrial domain of India to align with the nation's net-zero …

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
2 weeks, 6 days ago

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

Live Mint  

New Delhi, Dec 4 India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. "However, India has seen limited success so far in capturing the China Plus One strategy so far," said the report - 'Trade …

India to set up a carbon trading, green bond regulator
3 weeks, 2 days ago

India to set up a carbon trading, green bond regulator

Live Mint  

The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India to regulate carbon trading, two people said. Empowering government The amended Energy Conservation Act, 2022 empowers the Indian government to set up a domestic carbon market and to authorize designated agencies to issue carbon credit certificates. The Indian Carbon Market …

India's path to a greener future
4 weeks, 1 day ago

India's path to a greener future

Hindustan Times  

India, as one of the fastest-growing economies in the world, has been at the forefront of the global debate on climate change and sustainability. Under this scheme, businesses will be mandated to limit their emissions or purchase carbon credits from more efficient firms, driving significant sectors like power generation, cement, and steel--responsible for a substantial share of India’s emissions--to participate …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
1 month, 1 week ago

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets

Live Mint  

New Delhi: A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission …

NITI Aayog’s Green Transition symposium: New platform to help states create own roadmap to be announced
1 month, 2 weeks ago

NITI Aayog’s Green Transition symposium: New platform to help states create own roadmap to be announced

Hindustan Times  

Amid Uttar Pradesh government’s efforts to give push to renewable energy in the state, the NITI Aayog is set to launch a platform to help states create and execute their own ‘Green Transition Roadmap’ at a symposium in Delhi on November 11. It The symposium, according to the agenda shared by the NITI Aayog, will include remarks from prominent officials, …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
1 month, 2 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

India's Carbon Pricing Gambit: A Catalyst for Sustainable Growth
Trending News
1 month, 4 weeks ago

India's Carbon Pricing Gambit: A Catalyst for Sustainable Growth

Hindustan Times  

India stands at a pivotal moment to harness the potential of carbon pricing through its forthcoming Carbon Credit Trading Scheme (CCTS). The country has made substantial progress toward establishing its own CCTS, with the Bureau of Energy Efficiency facilitating multiple stakeholder discussions and publishing the detailed procedure for the CCTS compliance mechanism in July 2024. However, ensuring the success of …

Establishing a carbon market
3 months, 3 weeks ago

Establishing a carbon market

The Hindu  

In her Budget speech, the Finance Minister signalled that polluting industries, such as iron, steel, and aluminium, will have to conform to emission targets. PAT versus emissions trading The Bureau of Energy Efficiency defines PAT as a “regulatory instrument to reduce specific energy consumption in energy-intensive industries, with an associated market based-mechanism to enhance the cost effectiveness through certification of …

Evaluating net-zero for India’s aluminium industry
4 months, 1 week ago

Evaluating net-zero for India’s aluminium industry

Hindustan Times  

In terms of overall metal consumption, aluminium ranks second, next only to steel. Given the highly energy-intensive production process and the expected growth in demand, decarbonising the energy supply, particularly in the smelting process, will have a substantial impact on India’s cumulative industrial emissions. As per our estimates, the total baseline emissions in the production of aluminium in India is …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
5 months ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

Navigating carbon markets: Strategies for sustainable businesses
5 months, 2 weeks ago

Navigating carbon markets: Strategies for sustainable businesses

Hindustan Times  

In the face of escalating climate crisis concerns, businesses across industries are recognising the urgency to reduce their carbon footprint and transition towards a sustainable, low-carbon future. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} By strategically engaging in carbon reduction initiatives and trading in the carbon market, organisations have the potential to optimise costs and unlock new revenue streams. The implementation of proactive …

Can India keep its net zero by 2070 promise?
6 months ago

Can India keep its net zero by 2070 promise?

Hindustan Times  

What quantum of coal-based power generation capacity is under construction today? REUTERS/Francis Mascarenhas/File Photo When the CEA published its revised optimal generation mix report in April 2023, it projected a peak demand of 335 GW in 2029-30, and the required coal-based capacity was estimated at about 250 GW. Coal-based capacity existing when the CEA finalised its optimal mix report totalled …

The future of coal in India: Decarbonising the oft-maligned resource
7 months, 1 week ago

The future of coal in India: Decarbonising the oft-maligned resource

Hindustan Times  

Amid increasing pressure over the use of coal from international quarters, the development of coal-based power, especially in the context of reducing emissions from it, stands at a critical juncture in the country. However, in order to achieve deep cuts in GHG emissions from coal-based power, India must accelerate the development of technologies like ‘Carbon Capture Utilisation and Storage ’, …

The future of coal in India: Decarbonising the oft-maligned resource
7 months, 1 week ago

The future of coal in India: Decarbonising the oft-maligned resource

Hindustan Times  

Coal is observed to be the single biggest contributor to anthropogenic climate change, with coal-based electricity being responsible for nearly 30% of global greenhouse gas emissions. The situation in India is not far from the global reality, wherein coal, while indispensable to the country’s energy security, is responsible for 70% of all fuel-related CO2 emissions in the country. An important …

The European Union’s carbon tax is a bad idea
1 year ago

The European Union’s carbon tax is a bad idea

New Indian Express  

Union finance minister Nirmala Sitharaman recently minced no words in admonishing the European Union for its decision to unilaterally impose a ‘carbon tax’ on all carbon-intensive goods entering the region. Union Commerce Minister Piyush Goyal said India would retaliate against unfair carbon taxes. As the date for the imposition of a carbon tax is coming closer—the tax comes into effect …

CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal
1 year, 1 month ago

CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal

The Hindu  

NEW DELHI The European Union’s proposed Carbon Tax on imports is an ‘ill-conceived’ move that would become the “death knell” for its manufacturing sector, Commerce and Industry Minister Piyush Goyal asserted on Thursday, adding that even if the plan that is set to kick in from 2026 isn’t eventually abandoned, India would neutralise it by levying its own carbon tax. …

India to push developed nations to become 'carbon negative' before 2050: Report
1 year, 2 months ago

India to push developed nations to become 'carbon negative' before 2050: Report

The Hindu  

India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies more time to use fossil fuels for development needs, two Indian government sources said. "The rich countries should become net negative emitters before 2050 to enable the world to achieve the target of global net zero by …

India's Net Zero emissions target by 2070 little too long-term: Hardeep Singh Puri
1 year, 2 months ago

India's Net Zero emissions target by 2070 little too long-term: Hardeep Singh Puri

The Hindu  

Union Minister Hardeep Singh Puri on October 9 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. Addressing the 26th Energy Technology Meet, Mr. Puri said: "Our net zero target by …

Carbon trading can help India become net zero by 2040: Nadir Godrej
1 year, 2 months ago

Carbon trading can help India become net zero by 2040: Nadir Godrej

Live Mint  

Business tycoon Nadir Godrej, the chairman and managing director of Godrej Industries, believes that with the right incentives – and disincentives – in place, carbon trading can help India become net zero by 2040. Godrej believes the government’s recent move to put in place carbon emission reduction goals for the petrochemical industry will open up the market for carbon trading. …

'Green' hydrogen boosting coal-to-chemical industry
1 year, 3 months ago

'Green' hydrogen boosting coal-to-chemical industry

China Daily  

A miner operates a machine to extract coal from a mine in Ordos, Inner Mongolia autonomous region. "Once it goes into operation, the project will have the ability to reduce carbon dioxide emissions by 3 million tons a year, which is equivalent to planting 27 million trees," said Wang Xiaohan, an official with the management committee at the base. The …

India Today Roundtable discusses India's efforts to reduce carbon footprint
1 year, 5 months ago

India Today Roundtable discusses India's efforts to reduce carbon footprint

India Today  

The India Today Roundtable discussed India's efforts to reduce its carbon footprint and meet its commitments to cut carbon emissions by 2030. They highlighted that while India's per capita emissions are low, the country is the third largest emitter of carbon dioxide after China and the US. India has made several major commitments to address this issue, including increasing renewable …

UN chief urges shipping industry to go Carbon neutral by 2050
1 year, 5 months ago

UN chief urges shipping industry to go Carbon neutral by 2050

Hindustan Times  

UN Secretary-General Antonio Guterres on Monday called for a strategy to reduce the shipping industry's emissions to net zero by 2050 as a key meeting of the International Maritime Organisation started here, aiming for a consensus among the 175-member states to critically reduce the carbon emissions in the sector. In a video message at the start of the Marine Environment …

Countries must be allowed to prepare own plans for Sustainable Aviation Fuel: India
1 year, 6 months ago

Countries must be allowed to prepare own plans for Sustainable Aviation Fuel: India

The Hindu  

India on May 31 asserted that global mandates for Sustainable Aviation Fuel with 2050 as the target year was “too early” and that each State must be allowed to develop its strategy as per its national plans. It also sought support from the U.N. Aviation watchdog ICAO to achieve carbon net zero goals alongside other priorities in the aviation sector …

G7 urges major economies: Net zero by 2050, emissions peak by 2025
1 year, 7 months ago

G7 urges major economies: Net zero by 2050, emissions peak by 2025

Live Mint  

The G7 nations have called on major economies, such as India and China, to make a commitment to achieve net zero emissions by 2050 and reach the peak of their emissions by 2025, as reported by PTI. "We call on all Parties – especially major economies – whose 2030 NDC targets or long-term low GHG emission development Strategies are not …

Business Matters | Why is the rising cost of coal-fired power plants good news for India?
1 year, 7 months ago

Business Matters | Why is the rising cost of coal-fired power plants good news for India?

The Hindu  

Why is the rising cost of coal-fired power plants good news for India? It said that achieving net zero – which India aims to reach by 2070 – will require adjustments to how people live, work, and move around—and some of these changes will be costly. First, India expects to increase investments in coal-fired power plants to help power economic …

Power, environment ministries to develop carbon credit trading scheme for decarbonisation
1 year, 7 months ago

Power, environment ministries to develop carbon credit trading scheme for decarbonisation

The Hindu  

Union ministries of power and environment, forests & climate change will develop a carbon credit trading scheme for decarbonisation. The government plans to develop the Indian Carbon Market where a national framework will be established with the objective to decarbonise the Indian economy by pricing the Green House Gas emission through trading of the carbon credit certificates, a power ministry …

India taking various measures to encourage energy transition: BEE DG Abhay Bakre
1 year, 7 months ago

India taking various measures to encourage energy transition: BEE DG Abhay Bakre

The Hindu  

“As part of its net zero commitments, India is taking various measures to encourage energy transition for industries in the domestic market as well as at the global level,” a senior government official has said. Abhay Bakre, Director General of Bureau of Energy Efficiency, further said that various forward-looking measures are slated to be discussed at the upcoming meets of …

EU's carbon tax to help exporters achieve ne zero much ahead of 2070
1 year, 7 months ago

EU's carbon tax to help exporters achieve ne zero much ahead of 2070

Deccan Chronicle  

Chennai: Despite the initial concerns about the impact on the MSME sector, the European Union’s carbon border tax will help export-centric sectors achieve net zero much ahead of the government deadline. The European Union intends to bring down carbon emissions in a phased manner in order to become a net-zero emitter of greenhouse gases by 2050, ahead of 2070 when …

Rich nations must scale up emission cuts: India at meet
1 year, 8 months ago

Rich nations must scale up emission cuts: India at meet

The Hindu  

April 15, 2023 02:12 pm | Updated April 16, 2023 12:22 am IST - New Delhi Meeting the global target of achieving net zero emissions by 2050 will require developed nations to scale up their emission reduction efforts, India said at the G7 Ministers Meeting on Climate Energy and Environment in Japan's Sapporo on Saturday. This will create opportunities for …

Centre in final stages of notifying emissions trading scheme
1 year, 10 months ago

Centre in final stages of notifying emissions trading scheme

The Hindu  

After the passing of the Energy Conservation Bill last December, the Centre is now in the final stages of notifying an Emissions Trading Scheme that would require polluting industries to achieve certain standards of energy efficiency and permit them to ‘trade’ these improvements. One official said that one significant difference in the Indian emissions trading scheme from the ones in …

Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment
1 year, 10 months ago

Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment

The Hindu  

Finance Minister Nirmala Sitharaman’s latest Budget is noteworthy for the emphasis she has laid on the government’s commitment to move towards net-zero carbon emission by 2070. As an article presented at the World Economic Forum’s Annual Meeting in Davos last month notes, India holds the key to hitting global climate change targets given its sizeable and growing energy needs. Energy …

Sustainability is a key focus area for India at G20
1 year, 10 months ago

Sustainability is a key focus area for India at G20

Hindustan Times  

India assumed the G20 presidency on December 1, 2022, marked by hope, dreams, and aspirations. These efforts are helping India meet its needs while contributing to global efforts at reducing CO2 emissions India remains one of the fastest-growing economies in the world. As per the new NDC, India is committed to reducing the emissions intensity of its Gross Domestic Product …

Economic Survey 2022-23 | India needs global finance to achieve climate goals
1 year, 10 months ago

Economic Survey 2022-23 | India needs global finance to achieve climate goals

The Hindu  

For India to meet its international “obligations” on curtailing greenhouse gas emissions, it must have access to “on-time” climate finance, technology, and access to critical minerals. Advanced economies ought to set examples of policy and “behavioural changes” that work in their countries and only then could they be emulated in developing countries, the Economic Survey said on Tuesday in a …

Achievements in renewables strengthened resolve for Net Zero by 2070: President
1 year, 10 months ago

Achievements in renewables strengthened resolve for Net Zero by 2070: President

Deccan Chronicle  

NEW DELHI: President Droupadi Murmu on Tuesday said India has achieved the target of making 40 per cent of its electricity generation capacity from non-fossil fuel sources, a success that has strengthened the resolve to achieve Net Zero by 2070. In her maiden address to the joint sitting of Parliament marking the beginning of the Budget Session, Murmu said India …

IEX becomes India’s first carbon-neutral power exchange
2 years ago

IEX becomes India’s first carbon-neutral power exchange

Live Mint  

New Delhi: Energy trading platform Indian Energy Exchange became the country’s first carbon-neutral power exchange, using market based tradable instruments to offset its carbon emissions, the company said in a statement on Wednesday. “To reduce its carbon footprint, IEX voluntarily cancelled CERs from clean projects registered under the Clean Development Mechanism of United Nations Framework Convention on Climate Change,” it …

COP27: India calls for gradual low-carbon development over de-carbonisation
2 years, 1 month ago

COP27: India calls for gradual low-carbon development over de-carbonisation

Firstpost  

India asked the developing countries to be given their fair share of the carbon budget to make sure that the switch to carbon-free sources of energy doesn’t come at the expense of their development New Delhi: Clarifying India’s position on de-carbonisation at the COP27 climate summit in Egypt, Environment Minister Bhupender Yadav said that for India a just transition could …

India Undertaking Arduous Effort to Fight Climate Change: Environment Minister at COP27
2 years, 1 month ago

India Undertaking Arduous Effort to Fight Climate Change: Environment Minister at COP27

News 18  

India is undertaking an arduous effort to fight climate change despite accounting for less than 4 per cent of the world’s cumulative emissions so far, Environment Minister Bhupender Yadav said on Tuesday. Within one year, India has submitted its long-term low-emission development strategy and indicated low-carbon transition pathways in key economic sectors, Yadav said at the COP27. “India, home to …

India aims to achieve net-zero emissions target in 50 years
2 years, 1 month ago

India aims to achieve net-zero emissions target in 50 years

Deccan Chronicle  

NEW DELHI: India on Monday submitted to the United Nations Framework Convention on Climate Change its long-term plan to achieve the net-zero target by 2070, emphasising climate justice, sustainable lifestyles and equity. Under the Paris Agreement, countries are required to submit long-term low-emission action plans to help achieve the global goal of limiting temperature rise to 1.5 degrees Celsius as …

India Unveils Blueprint for Net-Zero Target by 2070, Rips Into Rich Nations for Sitting on Climate Finance
2 years, 1 month ago

India Unveils Blueprint for Net-Zero Target by 2070, Rips Into Rich Nations for Sitting on Climate Finance

News 18  

Reiterating its commitment to achieve net-zero by 2070, India has unveiled its long-term strategy to bring down emissions over the next five decades at the ongoing UN Climate Summit in Egypt’s Sharm-el-Sheikh, while taking into account its emergent and future energy needs and the need to build climate resilience. Highlighting India’s low historical contribution to global warming despite having a …

India Submits Long-term Strategy to Achieve Net-Zero Target by 2070
2 years, 1 month ago

India Submits Long-term Strategy to Achieve Net-Zero Target by 2070

News 18  

India on Monday submitted to the United Nations Framework Convention on Climate Change its long-term plan to achieve the net-zero target by 2070, emphasising climate justice, sustainable lifestyles and equity. Under the Paris Agreement, countries are required to submit long-term low-emission action plans to help achieve the global goal of limiting temperature rise to 1.5 degrees Celsius as compared to …

COP27: India Resists Calls to Raise Ambitions, Says Rich Nations Must Reach Net Zero Before 2030
2 years, 1 month ago

COP27: India Resists Calls to Raise Ambitions, Says Rich Nations Must Reach Net Zero Before 2030

News 18  

India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying “goalposts are being shifted constantly”, while rich nations have “enormously” failed in delivering the technology and financial resources needed for low-carbon development. Making an intervention at the “Ministerial High-Level Roundtable on Pre-2030 Ambition”, Union Environment Minister Bhupender Yadav said …

India’s long-term strategy to transition to a ‘low emissions’ pathway involves more nuclear power, more ethanol
2 years, 1 month ago

India’s long-term strategy to transition to a ‘low emissions’ pathway involves more nuclear power, more ethanol

The Hindu  

India on November 14, 2022 announced its long-term strategy to transition to a “low emissions” pathway at the United Nations Conference of Parties ongoing in Sharm el-Sheikh, Egypt, which is premised on expanding its nuclear power capacity by at least three-fold in the next decade, apart from becoming an international hub for producing green hydrogen and increasing the proportion of …

No silver bullet to India’s net zero puzzle: Think tank
2 years, 1 month ago

No silver bullet to India’s net zero puzzle: Think tank

Live Mint  

India at COP27 is now a part of the elite set of countries having expressed its ambitions to curb greenhouse gas emissions at last year’s summit in Glasgow. The five-point climate action plan dubbed as “panchamrit” meaning five values is believed to boost India’s switch to renewable energy, electrification and hydrogen fuels. A latest report from the Bengaluru-based think tank …

10 things India can do to achieve net-zero emission goals, according to Mckinsey report
2 years, 1 month ago

10 things India can do to achieve net-zero emission goals, according to Mckinsey report

Firstpost  

Despite India’s low per capita emission, it is the third-largest emitter globally. McKinsey’s report focuses on decarbonising India’s five major sectors that emit the most — power, steel, transportation, cement and agriculture At COP26 last year, India announced its goal to become a net-zero emitter by 2070, a crucial milestone in the fight against global warming and climate change. “While …

Road To 2047: How India Should Strike A Balance Between Rising Energy Needs And Carbon Emissions
2 years, 3 months ago

Road To 2047: How India Should Strike A Balance Between Rising Energy Needs And Carbon Emissions

ABP News  

India has announced that it aims to achieve net zero emissions by 2070 and to meet 50 per cent of its power consumption needs from renewable or green energy sources by 2030. At the 26th Conference of Parties in Glasgow, Prime Minister Narendra Modi has set an ambitious target for India to attain net zero carbon emissions. Recommendations By NITI …

Achieving net zero emissions target can boost India’s GDP, says report
2 years, 3 months ago

Achieving net zero emissions target can boost India’s GDP, says report

The Hindu  

Achieving net zero carbon emissions by 2070, a target that Prime Minister Narendra Modi committed to in Glasgow in 2021, could boost India’s economy by as much as 4.7% above the projected baseline growth in GDP terms by 2036, worth a total of $371 billion, a report said on Friday. By reaching net zero by 2050, India could boost annual …

Net zero can boost India’s GDP, says report
2 years, 3 months ago

Net zero can boost India’s GDP, says report

The Hindu  

Achieving net zero carbon emissions by 2070, a target that Prime Minister Narendra Modi committed to in Glasgow in 2021, could boost India’s economy by as much as 4.7% above the projected baseline growth in GDP terms by 2036 — worth a total of $371 billion — and create as many as 15 million new jobs by 2047, said a …

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