Business Today

Business Today 30-May-21

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

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Living Media India Limited
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26 Edições

nesta edição

2 minutos
matching ambition with carbon goals

India has taken a diametrically different view on climate change for the external world — and the internal. For the larger world, there has been a tough as titanium stand that those who polluted for decades via massive industrialisation of their economies have no right to preach from the pulpit when India needs to industrialise rapidly. We shall be the masters of our destiny. Instead, the world must measure per capita emission rather than absolute carbon footprint — an area where West still outdoes India on emissions. That stance, though, is vastly different from the aggressive green efforts at home to live in harmony with nature. The nation has set and achieved some tough targets. In the third Biennial Report to the UNFCCC (United Nations Framework Convention on Climate Change) submitted…

1 minutos
surge in finished steel exports

↘ India’s finished steel exports during FY21 hit 10.8 million tonnes, a 29.1 per cent increase over FY20, driven largely by China ↘ India net exporter of finished steel during the fiscal with net trade surplus of six million tonnes ↘ Import of finished steel at 4.8 MT was lower by 29.8 per cent over the previous year ↘ Share of export to Italy rose to 22 per cent in March 2021 from 12 per cent in March 2020. Share of export to Spain and HK rose to 5 per cent and 10 per cent, respectively, from under 1 per cent…

2 minutos
towards a low-carbon future

India is stuck between the devil and the deep sea as far as meeting net-zero emissions of greenhouse gases (GHG) is concerned. Net-zero emissions refer to an overall balance between GHG emissions produced and taken out of the atmosphere. Over 100 countries have already pledged to get to net-zero emissions in the next 30 years. Can India also announce a target year like other countries? That’s not that simple since the nation still needs to industrialise rapidly to meet the hopes and aspirations of its own population. Over the next two decades, India’s energy demand is expected to grow sharply. Agreeing to a hard deadline could mean cutting back on consumption and economic growth — or raising the cost of production dramatically because of the need to use technology to curb…

1 minutos
co2 red alert world needs to act now

MOST COUNTRIES HAVE PUT IN PLACE A NETZERO TARGET BY LAW THE WORLD'S TOP ECONOMIES ARE ALSO THE TOP CONTRIBUTORS TO GLOBAL POLLUTION WHILE INDIA TRIES TO COMBAT THE RISING THREAT OF CO2 EMISSIONS… … AND ABIDE BY ITS GREEN PLEDGE… PARIS AGREEMENT (2016) ↘ Greenhouse gas emission intensity of GDP to be reduced by 33-35 per cent by 2030 ↘ 40 per cent of India’s power capacity to be based on nonfossil fuel sources by 2030 ↘ India will create an additional ‘carbon sink’ of 2.5-3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030 COPENHAGEN ACCORD (2010) ↘ Reduction in emission intensity of GDP by 20–25 per cent in 2020 ↘ The pledge covers a range of emissions between 3.3–3.6 billion tonnes of global annual CO2 equivalent emissions (GtCO2e/year) in 2020 ↘ These emissions are…

13 minutos
the defenders

In January 2020, Satya Nadella, CEO, Microsoft announced that the $143-billion IT giant targets to remove more carbon from the atmosphere than it emits by 2030, and by 2050 it hopes to have taken out enough to account for all the direct emissions the company has ever made since it was founded in 1975. Anand Mahindra tweeted “bravo @ satyanadella … You have raised the bar for us all.” It is all the more relevant since the Mahindra group had already announced plans to be carbon neutral by 2040, a decade ahead of the deadline set by the UN’s Climate Ambition Alliance. Aligning India’s commitment to the Paris Agreement, corporate houses, including Tatas, Reliance Industries (RIL), Aditya Birla Group, Mahindras, ITC, Larsen and Toubro, Adani, JSW, Essar, Vedanta, ACC, Dalmia and…

9 minutos
coal is still power-full

In 2015, Tata Power Company had a gross generation capacity of 8,726 megawatt (MW), mainly 7,607 MW of thermal power. Its green energy portfolio was barely 1,119 MW comprising 573 MW of hydro, 487 MW of wind and just 59 MW of solar. It had plans to add another 9,105 MW, of which thermal was 8,270 MW and just 835 MW of hydro and renewable power. Six years later it’s a different story. Tata Power has 12,772 MW of installed capacity, but thermal capacity has been increased to just 8,860 MW. Instead, it now has 3,913 MW of clean power, including 1735 MW of solar and 932 MW wind, 871 MW hydro and 375 MW of waste heat recovery. The increase in thermal capacity was due to an acquisition of Prayagraj…