Tag: carbon emission

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

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Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The shift to renewable energy could lead to new vulnerabilities in the supply chains for solar panels and critical minerals, the Economic Survey 2023-24 said. File (representational image) | Photo Credit: K. Murali Kumar India’s path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy…

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Business

Economic Survey 2023-24: Green steel to play key role in low carbon economy globally

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Economic Survey 2023-24: Green steel to play key role in low carbon economy globally

The concept of green steel promotes the production of steel using green energy sources and minimizing the usage of fossil fuels. File (representational image) Green steel will play an important role in reshaping the future of the industry as the world moves towards a low-carbon economy, the Economic Survey for 2023-24 said. The concept of…

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Business

Global Fossil Fuel Use, Energy Emissions Hit All-Time Highs In 2023: Report

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Global Fossil Fuel Use, Energy Emissions Hit All-Time Highs In 2023: Report

Fossil fuel accounted for almost all demand growth in India in 2023, the report said. London: Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels’ share of the global energy mix decreased slightly on the year, the industry’s Statistical Review of World Energy report said on Thursday. Growing…

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World

Pressure builds for charge on global shipping sector’s CO2 emissions

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Pressure builds for charge on global shipping sector’s CO2 emissions

Representational image of cargo ships at a harbour. Carbon tax on shipping will cut developing countries’ GDP by 0.13% | Photo Credit: Reuters The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed….

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Business

Round-the-clock availability of renewable energy necessary for net-zero carbon emission: Union Minister R.K. Singh

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Round-the-clock availability of renewable energy necessary for net-zero carbon emission: Union Minister R.K. Singh

Union Minister of Power and New & Renewable Energy R. K. Singh. File Union Minister for Power and New and Renewable Energy R. K. Singh on July 21 said that in order to achieve the net-zero carbon emission target, storing the renewable energy is necessary so that it becomes available round-the-clock. Chairing the inaugural function…

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Business