Sustainiam to generate carbon credits for 400MW renewable assets of Brookfield Asset Management
New Delhi, Sep 23 (PTI) Sustainiam on Monday said it has onboarded 400 MW renewable assets from Brookfield Asset Management to generate carbon credits as part of an agreement. A business entity or group earns a carbon credit by decarbonising its operations. At present, it is a growing market across the globe, “We have onboarded […] Key Points
ThePrintA Crypto Company Thinks It Can Help Fight Climate Change
Toucan is leveraging blockchain to reinvent the carbon credit market. But thorny questions abound. Key Points
WIREDWhy Humans Are Putting a Bunch of ‘Coal’ and ‘Oil’ Back in the Ground
Startups are processing plant waste into concentrated carbon to be buried or injected underground. It’s like fossil fuels, but in reverse. Key Points
WIREDIndia may launch carbon capture policy to exploit vast coal resources
India plans to launch a carbon capture policy to address its growing emissions while still utilising its vast coal resources. The policy, set to be unveiled later this year, will provide incentives for companies to trap, recycle, and store their emissions underground. The power sector, responsible for 42% of India's emissions, can potentially capture and recycle 70% of its emissions through carbon capture. India aims to use coal in a sustainable way and is exploring coal gasification technology as well, which has marginally lower emissions compared to conventional coal firing. Key Points
Economic TimesWhy Deleting carbon From the Atmosphere Is So Controversial
Delegates just agreed on a historic climate deal at COP28. But without more ambition, humanity will have to rely ever more on a contentious strategy: carbon removal. Key Points
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Why Humans Are Putting a Bunch of ‘Coal’ and ‘Oil’ Back in the Ground
Startups are processing plant waste into concentrated carbon to be buried or injected underground. It’s like fossil fuels, but in reverse. Key Points
WIREDStop Planting Trees, Says Guy Who Inspired World to Plant a Trillion Trees
Ecologist Thomas Crowther’s research inspired countless tree-planting campaigns, greenwashing, and attacks from scientists. Now he’s back with a new plan for nature restoration. Key Points
WIREDWhy Deleting carbon From the Atmosphere Is So Controversial
Delegates just agreed on a historic climate deal at COP28. But without more ambition, humanity will have to rely ever more on a contentious strategy: carbon removal. Key Points
WIREDUK’s carbon tax may impact $775 mn worth of Indian goods
For the EU, the tax range is 20-35%. Both the UK and the EU have implemented emissions trading systems (ETS) to cap and reduce greenhouse gas emissions. These systems work by setting a limit on the total amount of carbon dioxide emissions allowed and then issuing permits to emitters. Companies must purchase permits for each ton of carbon dioxide they emit, and the price of these permits is determined by supply and demand. Key Points
Economic TimesWhy Deleting carbon From the Atmosphere Is So Controversial
Delegates just agreed on a historic climate deal at COP28. But without more ambition, humanity will have to rely ever more on a contentious strategy: carbon removal. Key Points
WIRED
Stop Planting Trees, Says Guy Who Inspired World to Plant a Trillion Trees
Ecologist Thomas Crowther’s research inspired countless tree-planting campaigns, greenwashing, and attacks from scientists. Now he’s back with a new plan for nature restoration. Key Points
WIREDEU carbon tax to hurt global trade, not to stop carbon leakage, says think tank
The think tank in its report claimed that the real reasons the EU introduced CBAM are to protect uncompetitive local industries from cheaper imports; to earn considerable revenue to fund its budget; and to operationalize the trillion-dollar subsidy initiative. If this disrupts world trade, the EU is okay. The EU needs this money to continue to provide substantial subsidies to its firms and farmers. The new regulations can provide a full share of the EU budget, Srivastava said. Key Points
Economic TimesHow COP28-like forums can build global regulations for carbon markets
At COP28, the focus is on carbon markets, long seen as uncertain due to varying emission standards and trade protocols. Post-COP26, nations aim to enhance carbon markets, integrating carbon offsets into global trade. In 2022, the global carbon market peaked at $909 billion, signaling growing efforts toward viability. Key Points
Economic TimesIt’s Time to Get Serious About carbon Removal
If the world is to reach net zero, billions of tons of carbon dioxide need pulling from the air every year. At the moment, the global carbon removal system extracts less than 0.01 percent of that. Key Points
WIREDEmissions Should Be Plummeting. Instead, They’re Breaking Dangerous New Records
Ahead of COP28, a scathing new UN report warns that the world is barreling toward an avoidable catastrophe. It’s a plea for world leaders to step up their ambition. Key Points
WIREDADB and Greenway partner to transform rural cooking in India through USD 6.5 million carbon finance deal
New Delhi [India], November 23 (ANI): The Asian Development Bank (ADB) and Greenway Grameen Infra Private Limited have inked a groundbreaking deal, signing a USD 6.5 million senior secured loan to manufacture and distribute 1 million improved cookstoves to rural households in India’s Madhya Pradesh and Odisha states. According to ADB, this transformative initiative also […] Key Points
ThePrintIndian farmers rack up carbon credits with climate-conscious ways
A new method of cultivation, called direct seeded rice (DSR), reduces the overall cost of cultivation by using 12-35% less irrigation water and reducing labor, sowing time, and use of chemical herbicides and fertilisers. The cultivation of rice, a staple food for more than 3 billion people worldwide, is responsible for 12% of global methane emissions and 1.5% of total greenhouse gas emissions. Key Points
Economic TimesEmissions Should Be Plummeting. Instead, They’re Breaking Dangerous New Records
Ahead of COP28, a scathing new UN report warns that the world is barreling toward an avoidable catastrophe. It’s a plea for world leaders to step up their ambition. Key Points
WIREDPCBL stock records new all time high, up 4170% in a decade, is there more steam left?
Shares of PCBL surged 10.19% to reach a historic high of ₹244.90 apiece, resulting in a gain of 84% for the year. JM Financial believes the stock has further room for growth. Key Points
mintIt’s Time to Get Serious About carbon Removal
If the world is to reach net zero, billions of tons of carbon dioxide need pulling from the air every year. At the moment, the global carbon removal system extracts less than 0.01 percent of that. Key Points
WIRED
View: carbon emissions must be priced, but a combo of markets and taxes offers a possible solution
The Kyoto Protocol recognised the differential role of developed and developing economies in contributing to the stock of carbon through a compliance mechanism of carbon offsets market vide the Clean Development Mechanism (CDM), which was the start of carbon markets. CDM was partly successful if only because of European compliance markets. But the system ended in 2012. Key Points
The Economic TimesCan PSUs become 'green champions' to reach India's net-zero target?
Paris Agreement has set an ambitious but necessary goal of limiting the global average temperature between 1.5°C and 2°C above the pre-industrial levels by 2030. India has used PSUs to rationalise and subsidise the production of fossil fuels. Key Points
The Economic TimesThe EU Just Kicked Off Its Biggest Climate Experiment Yet
The world’s largest single market has launched a bold plan to tax carbon at its borders. The rest of the world is paying very close attention. Key Points
WIREDThe EU Just Kicked Off Its Biggest Climate Experiment Yet
The world’s largest single market has launched a bold plan to tax carbon at its borders. The rest of the world is paying very close attention. Key Points
WIREDA Billion-Dollar Plan to Fix Farm Emissions Might Make Things Worse
Agriculture is a huge source of greenhouse gas emissions, so the US is getting serious about reform. But some scientists say current efforts are misguided. Key Points
WIRED
How a Microbial Evolutionary Accident Changed Earth's Atmosphere
An extra membrane that once had digestive functions let marine microbes boost their yield from photosynthesis. Today, they're responsible for locking carbon in the ocean and putting oxygen in the air. Key Points
WIREDTata Steel says it won’t reach emissions goal by 2030 with current tech
Tata Steel is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030, and achieve net zero by 2045. Key Points
FinancialexpressIndia stands to gain from the trading of carbon credits
India aims to achieve carbon neutrality by 2070 and reduce its GHG emission intensity by 45% from 2005 levels by 2030. To achieve this, the country is taking measures to establish a carbon credit market and calls on developed nations to fulfil their promise of providing $100 billion in annual climate finance. The establishment of a global carbon market could significantly impact India's domestic carbon market, but a standardized system within a global carbon market could address this imbalance and benefit developing countries. India can position itself as a key player in the global carbon market and achieve its climate goals while promoting sustainable development. Key Points
mintInter-ministerial group working on ways to mitigate impact of carbon tax: DGFT
The EU has prescribed different mechanisms of carbon tax. Steel manufacturing through electric arc furnaces and steel manufacturing through blast furnace routes, the carbon border tax will be different. So that segregation will have to be done, Sarangi said Key Points
mintHow New York is battling climate change with one skyscraper at a time
The goal is to stop that climate-warming gas from entering the atmosphere. And there's a dire need to reduce emissions from skyscrapers in a vertical city. Key Points
Hindustan Times
Cracked: A mystery that could allow hydrogen to massively greenify steelmaking
If iron oxide is heated with hydrogen instead of coke, to remove oxygen, the sector’s carbon emissions could nosedive. Scientists have finally found a way to replace coke with hydrogen by cracking a longstanding metallurgical mystery. Key Points
The Hindu