EU strikes deal on climate target to cut emissions by 90% by 2040

December 10, 2025 3:31 PM

EU strikes deal on climate target to cut emissions by 90% by 2040

The European Union agreed on Wednesday to set a legally binding climate target to reduce greenhouse gas emissions by 90% from 1990 levels by 2040, and buy foreign carbon credits to cover 5% of the emissions cuts, goals that fell short of its original plan. Negotiators from EU countries and the European Parliament reached the deal in the early hours of Wednesday, they confirmed in separate statements. In practice, the target will require an 85% emissions reduction from European industries, and ...

Can carbon pricing curb climate change and where does India stand?

July 3, 2025 3:19 PM

Can carbon pricing curb climate change and where does India stand?

Carbon pricing is increasingly recognized worldwide as a powerful tool to combat the devastating impacts of climate change. But what exactly is it, how does it work and where does India stand? Let's explore this transformative approach to driving a greener and more sustainable future. Carbon pricing is a policy mechanism that puts a financial cost on greenhouse gas emissions. This policy tool is primarily aimed at discouraging emitters of the greenhouse gas especially carbon dioxide and encoura...

Govt drafts emission targets for over 460 industries under carbon market plan

June 30, 2025 3:37 PM

Govt drafts emission targets for over 460 industries under carbon market plan

The Ministry of Environment has issued a draft notification proposing legally binding greenhouse gas (GHG) emission targets for over 460 industrial units as part of India's first compliance-based carbon market. The move, aimed at curbing industrial emissions and accelerating decarbonisation, will apply to sectors such as aluminium, iron and steel, petroleum refining, petrochemicals, and textiles. Titled the Greenhouse Gas Emission Intensity Target Rules, 2025, the draft, dated June 23, forms p...

India submits 4th biennial update report to UNFCCC, highlights remarkable climate progress

January 3, 2025 1:43 PM

India submits 4th biennial update report to UNFCCC, highlights remarkable climate progress

India has reaffirmed its position as a global leader in climate action by submitting its 4th Biennial Update Report (BUR-4) to the United Nations Framework Convention on Climate Change (UNFCCC) on December 30, 2024. The report, an update to the Third National Communication (TNC), provides a detailed account of India’s National Greenhouse Gas (GHG) inventory for 2020 while showcasing the nation’s achievements in balancing economic growth with sustainability. Union Minister for Environment, ...

COP29: What is a carbon credit? What is Article 6?

November 9, 2024 5:02 PM

COP29: What is a carbon credit? What is Article 6?

Countries at the U.N. COP29 climate summit in Azerbaijan will attempt to agree rules for a global system for trading carbon offset credits. Here's what you should know: WHAT ARE CARBON OFFSETS? Some governments and companies may struggle to reduce their planet-warming greenhouse gas emissions to meet their climate targets. Supporters of carbon offsets see them as a key means to help meet these goals. These offsets allow one nation or company to offset some of their emissions by paying for ac...

Italy opens greenwashing probe into Shein website

September 25, 2024 4:45 PM

Italy opens greenwashing probe into Shein website

Italy's antitrust agency has launched an investigation into a Dublin-based company that manages the Italian website of online clothing retailer Shein over possible misleading environmental claims on the site. The investigation targets Infinite Styles Services CO. Limited and accuses the company of trying "to convey an image of production and commercial sustainability of its garments through generic, vague, confusing and/or misleading environmental claims," Italy's antitrust authority said in a ...

Climate change boosted deadly Saudi haj heat by 2.5 C, scientists say

September 16, 2024 6:12 PM

Climate change boosted deadly Saudi haj heat by 2.5 C, scientists say

The heatwave in Saudi Arabia blamed for the deaths of 1,300 people on the haj pilgrimage this month was made worse by climate change, a team of European scientists said on Friday. Temperatures along the route from June 16 to 18 reached 47 degrees Celsius (117 degrees Fahrenheit) at times and exceeded 51.8 C at Mecca's Great Mosque. The heat would have been approximately 2.5 C (4.5 F) cooler without the influence of human-caused climate change, according to a weather attribution analysis by Cli...

Study details huge emissions resulting from Russia’s invasion of Ukraine

June 13, 2024 10:45 AM

Study details huge emissions resulting from Russia’s invasion of Ukraine

Russia's invasion of Ukraine has directly caused or paved the way to the emission of 175 million tonnes of carbon dioxide (CO2) into the atmosphere, a joint report said on Thursday. The report, published by Ukraine's environment ministry and climate NGOs, said their estimate included both emissions that had been released and those that would be produced during repair work following the destruction caused by the February 2022 invasion. It laid out some of the main carbon-emitting activities cau...

Carbon removal needs to quadruple to meet climate goals, researchers say

June 5, 2024 10:35 AM

Carbon removal needs to quadruple to meet climate goals, researchers say

Governments need to plant more trees and deploy technologies that will quadruple the amount of carbon dioxide removed each year from the atmosphere in order to meet global climate goals, a team of researchers said in a report published on Wednesday. "Carbon dioxide removal" (CDR) refers to a range of interventions that sequester CO2 already in the air. It includes conventional methods such as reforestation as well as potentially large-scale solutions like biofuels, cultivating algae in oceans a...