NTPC, India’s largest power generator, along with ONGC and NIIF (National Investment and Infrastructure Fund) will be eyeing green energy development projects, especially in offshore wind energy. India targets 30GW offshore wind energy capacity by 2032 and its coastline is over 7600 km long.
Like any other major city, Budapest uses a lot of decorative lighting to beautify the city, especially the statues and monuments of cultural value. Such beautification is enjoyed both by the residents as well as the tourists.
Sublime Systems, a Boston-based business, has secured $40 million to create low-carbon cement using ground-breaking technology.
The World Economic Forum (WEF) announced on Thursday that nine significant industrial clusters from China, Indonesia, Japan, Spain, and the United States have joined its initiative to help businesses reduce emissions. The mission's objectives are to link 100 industrial clusters worldwide in order to reduce 1.6 billion metric tonnes of CO2 emissions, maintain and create 18 million jobs, and contribute $2.5 trillion to the global GDP.
Tesco revealed this week that it had collaborated with five of its biggest field vegetable suppliers to develop the commercial roll-out of low-carbon fertilizer. The retailer has highlighted eight low-carbon fertilizer choices for the 2023 growing season, which will be used on 1,300 hectares. Tesco claims that increasing this to 4,000 hectares by 2024 will result in a 20% reduction in emissions after just one year.
As part of the tech giant's "New Environmental Strategy," a comprehensive effort to combat climate change, Samsung Electronics will implement a low-carbon diet at its in-house restaurants, the company announced on Sunday. At its corporate headquarters in Suwon, Gyeonggi Province, starting in February, Samsung will introduce PlanEat Choice, a food corner (in the cafeteria) composed of low-carbon meals.
Bhupender Yadav, India's minister of environment, forests, and climate change, recently stated during a ministerial session at the India Energy Week in Bengaluru that India is committed to reducing its GDP's emissions intensity by 45% by 2030 and reaching net zero by 2070. He asserts that seven crucial transitions will help India move forward on a long-term path toward low-carbon development.
Despite India's emphasis on renewable energy, a recent directive from the Central Electricity Authority (CEA) of India to power companies ordering them to postpone retiring any thermal units until 2030 has upset analysts who believe the action may set India's efforts toward an energy transition back. According to CEA's notice from January 20,
World leaders gathered in Berlin for the 28th Conference of Parties (COP28) have pledged to phase out the use of fossil fuels by 2050 in a bid to limit global warming to 1.5 degrees Celsius.
A recent whitepaper challenges the prevailing notion that the Science Based Targets Initiative (SBTi) is universally effective for measuring and curbing organizations' environmental impact. Authored by sustainability consultancy Eight Versa, the paper contends that SBTi's "absolute contraction" approach to achieving a 90% emission reduction within three decades is ill-suited for small and medium-sized enterprises (SMEs). Instead, the paper suggests embracing an "Intensity Metric" approach, particularly for SMEs, to address carbon and other climate-negative outputs.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.