India's leading banks are seizing opportunities in an emerging low-carbon economy.
Indian Railways has managed to improve its freight volumes each year since the pandemic. However, its inability to add new industries and goods will pose a challenge for the national transporter in the wake of it setting an ambitious target of 45 per cent share in the national logistics by 2030. According to officials, the ministry of railways achieved 114 million tonnes (mt) of miscellaneous goods (classified as balance and other goods) in 2023-24.
When it comes to climate, change and promise may only be in the eyes of the beholder.
New deal to curb carbon emissions could copy features from the Montreal Protocol, which US and China favoured over its Kyoto counterpart.
Whatever little was happening on emission reductions through the carbon trading mechanism has been halted by the collapse of the carbon market, in the wake of the global economic recession.
ArcelorMittal, the world's largest steel maker, will benefit from a windfall of 1 billion (Rs 7,000 crore), thanks to the carbon credits issued to it under the European Trading Scheme. The Sunday Times today reported that ArcelorMittal will be the single largest beneficiary under the ETS due to its dominant presence in Europe.
Ending a long-pending dispute over sharing of sky for civilian and military traffic, Cabinet Committee on Security (CCS) on Friday approved easing restrictions
The truth is that this is an impressive realisation of a corporate vision, a car long-promised, designed explicitly to hit a price point, and one that will meet the needs of poorer consumers. It is safer than a bicycle and cleaner than an old moped.
Global warming may sound like vague jargon from scientists making reports for the Inter-governmental Panel on Climate Change. Does it matters if the green house gas emissions by the world cross the limits of 550 part per million by 2050? Or if average per capita carbon emissions go beyond the 2.5 tonne mark?
The Bombay Stock Exchange (BSE) on Wednesday will launch a new index called 'BSE-GREENEX' measuring the performance of companies in terms of carbon emissions, an official of IIM, which co-developed the model, said.
The continued growth in the communications sector, especially mobile subscriber base, is expected to push further the level of energy consumption by networks, Trai said while releasing a consultation paper 'Green Telecommunications'.
The highest income group consisting of one per cent of population emits four-and-half times as much carbon dioxide as compared to the lowest income group with 38 per cent of the population in India, according to a report.
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
Switzerland is preparing a feasibility report on improving energy efficiency in the buildings coming up in India as they are likely to be major contributors to carbon emissions.
Honda Motorcycle and Scooter India (HMSI) on Wednesday forayed into the fast-growing domestic electric mobility market with the introduction of e-scooters, ACTIVA e: and QC1, with swappable and fixed batteries. With this, the Japanese two-wheeler maker will now be competing with other legacy players such as Bajaj Auto, Hero MotoCorp, TVS Group as well as pure EV players like Ather and Ola, who already have a good presence in the segment, which is growing at 34 per cent year-on-year.
The biofuel component of the fuel used for the flight was from refined cooking oil.
Bengaluru recorded the highest green building stock at 140 million square feet, followed by Delhi-National Capital Region at 74 msf, and Hyderabad at 72 msf for Grade A office buildings as of September 2023.
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
Prime Minister Narendra Modi on Friday alleged that "urban Naxals and anti-development elements" with political backing had stalled the construction of Sardar Sarovar dam on the Narmada river in Gujarat for many years by running a campaign that it would harm the environment.
While widespread use of green technology has a long way to go in India, there are some cities in the world that have already become role models in efficient use of resources.
The row broke out after the draft text of a deal allegedly prepared by the Danish government emerged, which campaigners claimed favoured rich countries and risked squeezing poor nations out of the negotiations.
India on Tuesday favoured a legally binding climate change agreement from the developed countries, saying a political pact will not be 'enforceable', even as it asserted that its voluntary reduction of carbon emission intensity was not announced under pressure.
India poses a "bigger problem" than China when it comes to fighting climate change, particularly on reducing carbon emissions, Democratic presidential aspirant and former New York mayor Michael Bloomberg has claimed. During his maiden appearance on a Democratic presidential primary debate in Las Vegas on Wednesday, Bloomberg said it was "ridiculous" of the Trump administration to take the US out of the 2015 Paris climate agreement, as he outlined his approach to tackling climate change.
Speaking at an event in New Delhi, jointly held by National Thermal Power Corporation and the Confederation of Indian Industry, he added that developing countries should also not expect any financial or technical assistance from developed nations to help reduce their carbon footprint.
So far, major emitters are far from curbs on emissions on a scale outlined by the IPCC.
Canada, a major energy producer, has become the first country to quit the Kyoto Protocol on climate change, saying the 1997 accord was an 'impediment' on cutting global carbon emissions with top emitters like the United States and China not covered by it.
Despite the fact that its per capita emissions are amongst the lowest in the world, India has adopted a strong National Action Plan on Climate Change.
Al Gore warns that black carbon from India's use of biomass fuels that contribute to global warming can adversely impact India's great rivers, the life-blood of the country's agriculture.
Before the crucial United Nations conference on climate change in Copenhagen during December 2009, India is strengthening its argument to avoid any rigorous capping on its carbon emissions. Here, Minister of State Environment and Forests Jairam Ramesh explains how forest cover of India will help.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
The findings come just weeks ahead of a UN climate summit in Paris.
The Emirate's Tourism Development & Investment Company has ordered two such vehicles, said to be the world's first carbon-neutral buses, which would be delivered soon.
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
Consensus eluded negotiators on Wednesday to stitch an equitable and just accord on climate change in the last lap before the summit on Friday with no headway being made to iron out sticking points on carbon emission cuts, mitigation targets and long-term financing.
If a committee set up under the heavy industries ministry approves a recommendation of the auto industry, the country may soon get a scheme, which would incentivise a vehicle buyer for scrapping his old vehicle in exchange.
Nobel Laureate Al Gore has warned that black carbon emissions from the kerosene powered lamps and stoves of the subcontinent will adversely impact the great rivers that are the lifeblood of India's agrarian economy.
To be headed by Ajay Bhattacharya of Universal Service Obligation Fund of Telecom Ministry, the five-member panel has recently been asked to submit a set of guidelines to suggest ways to promote renewable energy options in the sector within the next three months.
Biofuel revolution by developed countries will lead to food crisis for the world's poor, speed up global warming and lead to the loss of vital habitat worldwide, environmentalists have warned. Campaigners would urge the government to impose guarantees that the new technology reduces carbon emissions. Also, biofuel production was destroying vast areas of unspoilt habitat & has made at least one species extinct. WB & UN are concerned about biofuel's effect on world food prices.
Pasta made with mealworm flour, sweet potato, and sauteed insect larvae -- are just some of the dishes you will be served at Parisian chef Laurent Veyet's restaurant -- Inoveat. Laurent Veyet's tasting menu is not for the faint-hearted, but may point to the future of feeding a booming world population -- there is a prawn salad with yellow mealworm, crunchy insects on a bed of vegetables, and chocolate-coated grasshoppers.
Petrol doped with 20 per cent ethanol was rolled out on Monday at select petrol pumps in 11 states and union territories as part of a programme to increase use of biofuels to cut emissions as well as dependence on foreign exchange-draining imports. At present, 10 per cent ethanol is blended in petrol (10 per cent ethanol, 90 per cent petrol) and the government is looking to double this quantity by 2025. Prime Minister Narendra Modi launched the higher 20 per cent ethanol blended petrol two months ahead of the planned rollout in April, at the India Energy Week (IEW) 2023 in Bengaluru.
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