India's leading banks are seizing opportunities in an emerging low-carbon economy.
As the demand and costs for computing power soar, a core team at Infosys is undertaking a series of green IT initiatives that could help in raising the bar for green IT practices in the country.
HUL has recently developed a new process of manufacturing soap based on 'Plough Share Mixer' technology which eliminates the need for steam in soap making. The new technology cuts carbon emissions by 15,000 tons per year and HUL has been awarded carbon credits for this under the Clean Development Mechanism scheme operated by the United Nations Framework Convention on Climate Change.
India should focus on producing cheap, efficient and small electric cars over the next five years. "This will boost energy conservation and help cut down carbon emissions," said Ravi Kant, chief executive officer, Tata Motors.
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.
Aiming at reduction of carbon emission by using clean energy, Indian Railways has embarked upon a renewable energy action plan as part of the national policy to address the impact of climate change.
Despite being the fourth largest economy, India's per capita emission levels are 70 per cent below world average and 93 per cent lower than those in the United States, says a latest report on climate change.
When it comes to climate, change and promise may only be in the eyes of the beholder.
Life expectancy of Indians at birth in 2019 was 69.7 years while Bangladesh has a life expectancy of 72.6 years and Pakistan 67.3 years, the 2020 Human Development Report said.
'We need an early warning system in India.'
Rajendra Pachauri, head of the Intergovernmental Panel on Climate Change of the United Nations said the developing countries, including India and China, are unwilling to sign up a new global climate change pact to replace the Kyoto protocol in 2012 as the rich world has failed to set a clear example on cutting carbon emissions. He said rich countrieslike the US, had failed to take the action needed to convince developing nations to sign a deal to help stabilise emissions.
A carbon tax may be a better approach in lowering greenhouse gas emissions than the caps and tradable permits legislation being considered by many American lawmakers, according to a new study.
The Third OPEC Summit on its closing day on Sunday is likely to announce a fund, which will have contributions from energy consuming countries and oil producers, to provide technological support for reduction of the environmental impact of fuel use, OPEC officials said.
While emerging economies like India and China are often accused of resisting the need to tackle climate change, the survey suggested that people of these two countries are more worried about climate change, the survey said.
When green house gas emissions began to shoot through the roof an innovative solution was found by introducing the concept of carbon credits. If you pollute you have to buy carbon credits which add to the company's operational expenses or cut emissions and create carbon credits that can be sold.
Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation's target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, chairman Shrikant Madhav Vaidya said. Bharat Petroleum Corporation Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) has plans for 5,000 stations.
The findings come just weeks ahead of a UN climate summit in Paris.
The solar rooftop system will generate 7,200 kilowatts per system per year, and it will be used for powering internal lights, fans, and other electrical systems of the coach.
The Indian power sector's preference for coal-based plants (more than half of India's capacity of 132,000 Mw is based on coal) may change as stricter norms for carbon emissions emerge, a report by the Tata Strategic Management Group has said.
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?
India and the US on Monday signed an agreement for New Delhi's participation in the prestigious $950 million FutureGen project
State-run GAIL India Ltd has mooted a multi-billion-dollar CNG corridor in the country to save up to Rs 60,000 crore (Rs 600 billion) in oil bill and cut carbon emissions from automobiles.
The list of smart, fearless women that are running corporations, nonprofits and governments, while making the world a better place
No auto show displays or debuts more luxury cars than Geneva, but this year the theme is green.
The government on Thursday allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and Renewable Energy Minister Raj Kumar Singh said the government is targeting production of 5 million tonnes of green hydrogen by 2030. Oil refineries to steel plants require hydrogen to produce finished products.
During his three-day UK visit until Tuesday, Modi is listed to address the COP26 summit with a national statement about India's climate action plan in the afternoon session on Monday, ahead of Australian Prime Minister Scott Morrison and Pakistan Prime Minister Imran Khan.
The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well as state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalisation of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel.
News of all that's transpired on and off the football field
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
The experts said that climate change is not only raising temperatures and making India's heatwaves hotter, but also changing weather patterns that further drive dangerous weather extremes.
Billionaire Gautam Adani on Thursday said his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world's largest renewable energy company and produce world's cheapest hydrogen. Adani Green Energy Ltd (AGEL), the world's largest solar power developer, is targeting 45 gigawatts of renewable energy capacity by 2030 and will invest $20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23. Adani Transmission Ltd (ATL), India's largest private sector power transmission and retail distribution company, is looking to increase the share of renewable power procurement from the current 3 per cent to 30 per cent by FY 2023 and to 70 per cent by FY 2030.
The White House Press Secretary said the impacts of climate change on weather are severe.
These maps can facilitate development of smart cities in little ways that add up to huge economic benefits for citizens
'Storms push a lot of water into land, then there is heavy rainfall due to the cyclone.' 'Along with this, we see the gradual rising of the sea level.' 'We see this during and after the latest Cyclone Tauktae.' 'This kind of overlapping events are increasing and we do not know much about how to tackle them.'
India has voiced its strong opposition to China's Belt and Road Initiative and its flagship project -- the CPEC -- at the just concluded second UN Sustainable Transport Conference where the Indian diplomat's mike curiously went silent while she was highlighting New Delhi's objection to the controversial projects.
'From environmental impact assessment to forest clearances, this has turned out to be an unscientific road-widening project with catastrophic consequences.'
Unveiling his infrastructure conglomerate's green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centres with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75 per cent of capital expenditure until 2025 in green technologies, he said. Speaking at JP Morgan India Investor Summit, Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.
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