“Today, our 2030 vision reflects how ESG will continue to be integral to Infosys’ sustainable business performance,” he said in the ESG Vision 2030 report India’s second largest software services firm Infosys on Wednesday said it has turned carbon neutral, three decades ahead of the timeline set by the Paris Agreement for 2050. The Bengaluru-based […]
Carbon tax will shift focus to renewable energy sources
LETTERS : Human activites are largely to blame for the emission of carbon dioxide (CO2), accounting for about two-thirds of greenhouse gases (GHGs). The Intergovernmental Panel on Climate Change said the average global surface temperature from 1880 to 2012 has increased by 0.85ºCelcius, causing global sea level to increase by 19cm in 2010. The National […]
China Solar Stocks Are Surging After Xi’s 2060 Carbon Pledge
China’s massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060. That surge continued Friday as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong […]
China’s 2060 carbon neutral goal bill could hit over $5 trillion
SINGAPORE: China’s goal of reaching carbon neutrality by 2060 would require investments of more than $5 trillion, which would include renewable power generation capacity, consultancy Wood Mackenzie said on Thursday. President Xi Jinping said at the United Nations General Assembly in September that China would achieve carbon neutrality before 2060, the first time the […]
Cutting carbon emissions and power costs in Southeast Asia
On the rooftop of a building in Singapore, beside one of the company’s latest installations, Total Solar Distributed Generation’s CEO, Gavin Adda, explains, “One of the big things people don’t realize about solar power is that with it you can help reduce climate change, achieve sustainability targets, and cut costs at the same time.” Adda […]
China Pledges Net-Zero Carbon Emissions by 2060. That Gave the Rally in Solar Stocks Another Boost.
Investors can generally ignore goals that world leaders promise the U.N. General Assembly they will achieve 40 years from now. Chinese President Xi Jinping’s recent pledge to make his country carbon neutral by 2060 is an exception. The scope of Xi’s ambition, in a country that still gets two-thirds of its power from coal, is […]
Toyota shrinking carbon footprint in US with new solar arrays
MANILA : Toyota is systematically adding four hectares of new solar arrays across the facilities of the company in West Virginia, Missouri, and Alabama. This will lessen its dependence on external energy required for operations. The solar arrays are expected to counterbalance 6,480,000 kWh of energy, which is equivalent to providing power to about 800 […]
Need to double thermal capacity to maintain base load energy requirement: Ex-AEC chairman
A base load power plant is a power station that usually provides a continuous supply of electricity throughout the year with some minimum power generation requirement Mumbai: At a time when most coal-fired power plants are under stress and the focus is on boosting renewable power, former chairman of Atomic Energy Commission (AEC) Anil Kakodkar […]
Shell’s carbon emissions drop in 2019 to four-year low
At the same time, burning of unused natural gas in Shell’s upstream oil and gas operations, a process known as flaring, rose last year by 13.5 per cent, the data showed LONDON: Royal Dutch Shell’s greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company. […]
Blume-backed Carbon Clean Solutions raises $16 mn from three global investors
Clean-tech firm Carbon Clean Solutions Ltd on Monday said it has raised $16 million (Rs 114.2 crore) in a new funding round from three global investors nearly a decade after it had received its first venture capital cheque from Blume Ventures. Carbon Clean Solutions said in a statement it has raised fresh capital from US-based […]