India to notify new rules to meet IMO’s zero emission regulations; to get ports and shipping green compliant

[ad_1] The Union government is planning new rules for ships and ports to meet the forthcoming International Maritime Organisation (IMO) emission regulations, according to two persons aware of the matter. This move will have a significant bearing on the country’s ambitious maritime development agenda. The new regulations will have an impact on design, construction and…

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Climate action: UK’s Labour Party has made a blunder in greening aviation

[ad_1] [Last week], ministers approved London City Airport’s expansion plans, directly countering the recommendation from the Climate Change Commission, a government advisory body, that “there should be no net expansion of UK airport capacity unless the sector is on track to sufficiently outperform its net emissions trajectory.” It’s safe to say that the criteria haven’t…

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India-EU free trade negotiations to include discussions on Europe’s carbon tax

[ad_1] Although Indian officials are pushing for a similar negotiating arrangement with the UK, the British have not yet agreed to this request, the people cited above said. Negotiations on the Carbon Border Adjustment Mechanism (CBAM)—which proposes taxing imports of carbon-intensive products such as iron and steel, cement, aluminium and fertilizer—were earlier kept out of…

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Grey to green: Emission-free hydrogen remains elusive

[ad_1] In the race to clean up industry, clean energy is slipping behind fossil fuels. That’s because we’ve pinned hopes on the prospects of hydrogen. In theory, the universe’s most abundant element could be a sort of climate skeleton key, unlocking zero-emissions ways of producing fertilizer, steel, petrochemicals and cement.  Such a shift would be…

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Grey to green: Let the UltraTech-Adani rivalry spur a race for clean cement

[ad_1] Market leader UltraTech’s India Cements deal springs it further ahead in its race with the Adani Group for cement production capacity. As industry consolidation proceeds, however, another race calls for attention—to de- carbonize this hard-to-abate sector. Rivalry over containing carbon emissions is underway, thankfully, as businesses join the battle against climate change.  The 32.7%…

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India mustn’t lose time on a climate finance taxonomy

[ad_1] The government aims to unlock a floodgate of private capital by creating a standardized framework for identifying climate-aligned projects. The taxonomy will be able to achieve this by developing a set of standardized regulations to inform investing actors of the activities or businesses working towards combating climate change. Achieving India’s net-zero target by 2070…

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