EMISSION REDUCTION COMMITMENTS
ET Prime Special Series: Multibagger or IBC - Part 82: This auto ancillary’s name tells only 20% of the story. What’s the other 80%?
The shift towards electric vehicles, or EVs, is forcing traditional auto-component suppliers to reconsider their future. For some, it threatens core products. For others, it creates opportunities in components that can survive the death of the combustion engine. This supplier finds itself on both sides of that transition. Its original business is exposed to ICE vehicles, while its manufacturing division has developed products relevant to EVs. Alongside, the company is pursuing other initiatives. Will these translate into stronger profits, or will rising financial obligations limit the benefits?
COP31: Limiting 1.5°C overshoot, speeding up electrification emerge as top priorities
Limiting the duration and extent of a global temperature overshoot beyond the 1.5°C threshold and accelerating electrification have emerged as key priorities at COP31 in Antalya. The Turkiye-Australia leadership wants these issues included in the conference's negotiated cover decision, while also demonstrating that international cooperation on climate action remains effective.
Global climate talks open with big questions, smaller goals
Climate negotiators from nearly 200 countries are attending COP31 in Antalya, Turkey, to address rising global temperatures and emissions. The summit will focus on achieving existing commitments rather than making ambitious new goals amidst geopolitical tensions and financial constraints.
UNEP's 1.5°C warning: The world may cool down again. What happens when the heat retreats but the damage stays?
According to a report by the United Nations Environment Programme long-term global warming is expected to cross 1.5°C above pre-industrial levels within the next few years before coming down. So the question is: Will the colling down really help?
India set to meet 2030 green goals, but UN issues a global warning
India is expected to meet its 2030 and 2035 climate targets due to ambitious renewable energy initiatives. The UN report highlights the global emissions gap, which needs urgent addressing to limit warming. Current policies may lead to a temperature rise of 2.8 degrees Celsius, indicating insufficient global commitment. However, India's actions stand out, with projects such as the Carbon Credit Trading Scheme showing promise.
Electricity, cash and crises: what's on the COP31 agenda?
The upcoming COP31 conference in Antalya, Turkey, is gearing up to tackle pressing climate change and energy challenges. The negotiations will emphasize the importance of electrification to lessen the dependency on fossil fuels and mitigate emissions. However, the contentious issue of phasing out fossil fuels continues to provoke disagreement among nations.
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Antarctica’s ice briefly increased after heavy snowfall: Why scientists remain concerned
Antarctica gained a significant amount of ice between 2021 and 2023 as unusually heavy snowfall added more mass than glaciers were losing in some areas. Scientists say the increase was driven by unusual atmospheric patterns and moisture-rich weather systems, but warn that the effect is temporary. New research suggests snowfall is unlikely to reverse Antarctica’s long-term ice-loss trend.
India's Sustainable Aviation Fuel readiness surpasses 50 percent: Report
India’s Sustainable Aviation Fuel readiness is estimated to be approximately 52 percent, showing modest growth in adoption. The country plans to reach blending targets of 1 percent by 2027 and 5 percent by 2030. Coordinated action across stakeholders will be important to support the development of the SAF market in India.
NMDC shares rally 2% after company sets target to achieve net-zero operational emissions by 2047
NMDC shares rallied up to 2% on Monday to Rs 80.85 after setting a target to achieve net-zero operational emissions by 2047. Covering Scope 1 and Scope 2 emissions, the roadmap spans three phases focusing on renewable energy, fleet electrification, energy efficiency, and low-carbon logistics to reduce operational emissions by 90%.
OIL CMD Ranjit Rath outlines the company's growth priorities
OIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengthening of its integrated energy value chain and selective expansion in clean energy.
India's climate priorities gain voice at UN Human Rights Council
Climate finance for vulnerable communities and adaptation was discussed at the UN Human Rights Council. RSKS India called for finance linked to human rights and greater adaptation support. They proposed a Global Climate Finance Passport to track funds from donors. India is strengthening climate resilience as a key development priority.
Tata Steel scaling up AI, connected workforce systems to boost industrial safety
Tata Steel is using over 10,000 CCTV cameras and AI for proactive accident prevention. Connected workforce systems and remote operations are also being deployed across its facilities. This technology shift aims to move safety from post-incident investigation to real-time prevention. Driver fatigue monitoring and hazard detection are integrated into logistics and plant operations.
Tata Steel commissions India's 1st coke oven gas injection project at its Odisha plant
Tata Steel has commissioned a coke oven gas injection project at its Meramandali plant. This initiative supports the company's Net Zero by 2045 target and low-carbon production goals. The project utilizes coke oven gas, reducing dependence on external fossil fuels for operations. This innovation enhances operational flexibility and efficiency while lowering environmental impact. It demonstrates Tata Steel's leadership in deploying advanced green steel technologies.
BRICS Climate Agenda: Focus on Global South as India pushes for sustainable future
India's BRICS presidency prioritizes climate action and energy transition for developing nations. Discussions will cover critical minerals and access to essential climate finance. The grouping aims to translate economic influence into a stronger collective voice. Cooperation on adaptation and technology transfer will also be central themes. BRICS seeks practical mechanisms for affordable capital and resilient infrastructure development.
Fashion’s climate emissions increased almost 14% over two years
Apparel sector emissions surged in 2023 and 2024, driven by an upsurge in global fiber production—especially polyester. The industry risks decreased profits if carbon emissions are not managed effectively.
Earth is set to cross 1.5°C — does the climate clock stop there? The UN has a plan for what happens if temperatures overshoot the crucial threshold
Global warming exceeding 1.5°C is now likely, according to a United Nations assessment. The focus must shift to limiting temperature overshoot and its duration. Every fraction of a degree above this threshold increases climate risks significantly. Even optimistic scenarios project warming peaks around 1.8°C before potential decline. Reducing emissions and exploring carbon removal remain crucial for managing future warming.
AI boom is testing tech firms' climate pledges
Technology companies are stepping up their climate commitments but not fast enough to counter rapidly inflating energy needs linked to the artificial intelligence boom, a report said Wednesday. This year's edition, based on 2024 data, found that artificial intelligence "is both a driver of efficiency and a growing challenge", the ITU said in a statement.
In 2011, Lovell FHCC joined a green federal challenge with 3 focus areas. 3 years later, LED retrofits cut electricity 15%, saving $500,000 and 7.4 million pounds of CO2
Lovell FHCC lighting project remains a useful example of how sustainability goals can produce measurable results when they are connected to practical investments. Joining the Federal Green Challenge in 2011 gave the facility a broader environmental framework, while the LED retrofit translated that commitment into lower electricity demand, reduced emissions, maintenance savings and better lighting.
Vedanta reduces greenhouse gas emissions by 28.5 pc from FY12 to FY24
Vedanta Aluminium has successfully reduced its greenhouse gas emissions intensity by 28.5% from fiscal years 2011-12 to 2023-24, demonstrating its dedication to environmental responsibility and net-zero goals. The company emphasizes sustainable practices, community empowerment, and alignment with India's 2070 net-zero vision.
Cairn becomes India's 1st oil & gas co to join UNEP's OGMP 2.0
Cairn Oil & Gas joins UN's methane reduction initiative. Cairn is the first Indian oil and gas company to join OGMP 2.0. The partnership aims to reduce methane emissions in the oil and gas sector. Cairn will set a five-year methane reduction target. The company will report its progress transparently to OGMP. Cairn aims to achieve net-zero emissions by 2030.
Nigeria submits its formal adoption of Doha Amendment to the Kyoto Protocol
The entry into force of the Doha Amendment is important as it underscores the importance of multilateralism, provides a strong foundation for next phase of global climate action under the Paris Agreement and serves as a reminder of the cost that low ambition to tackle climate change can exact.
One more country needs to submit their formal acceptance for the Doha Amendment to enter into force
A total of 144 signatory countries need to submit their formal acceptance of amendment for it to enter into force. The deadline for the entry into force Doha Amendment to the Kyoto Protocol, the 1997 climate treaty, is October 2.
UN Climate Change Negotiations 2012: India to resist efforts by industrialised countries to focus completely on a new regime
India has made it clear that it will resist efforts by industrialised countries to focus completely on a new regime for climate change issues after 2020.
India submits 'international assessment and review' plan relted to emission reduction targets to UNFCCC
As the possibility of continuing with emission reduction targets under the Kyoto Protocol for developed countries grows dim, India has stepped up its efforts to ensure a rigorous and robust system of international assessment and review for developed countries.
Climate: All stick to pre-Accord stands
Key players - United States, China and the European Union - involved in the formulation of the Copenhagen Accord have sent in their emission reduction commitments and actions submission to the UNFCCC.
Differences in EU over level of emission cuts
The European Union failed to arrive at a consensus on the quantum of its emission reduction commitment.
Copenhagen Accord: All eyes on BASIC meet next week
With ambiguity dogging the Copenhagen Accord, attention is focused on the meeting of the BASIC countries in New Delhi next week.
Impasse over emission may continue
It would appear that India need not worry about being the 'deal breaker' at Copenhagen summit on climate change.
UN acknowledged IFFCO's giant leap to Counter Global warming
The Ammonia-Urea manufacturing facility of IFFCO, the world's largest fertiliser cooperative, became the first fertiliser project in the world to earn carbon credits from fuel switch category.
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