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Is India on track to meet its Paris commitments

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The country may not meet its targets completely but is within reach to achieve a substantial part of it.

India’s greenhouse gas (GHG) emissions accounted for 6.5 per cent of 2014 global total, according to data from the World Resources Institute. This made the country the fourth-largest emitter after China, the United States and the European Union. Per capita, India’s emission from fossil fuels (in 2017) is by far the lowest among major economies:

India: 1.83 MT carbon dioxide (CO2)
China: 7.72 MT in China
The EU: 6.97 MT
The US: 15.74 MT

Despite its low per capita emissions, India has made significant commitments in its Intended Nationally Determined Contribution (NDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015 as part of the Paris Agreement.

The Climate Action Tracker website has rated its climate efforts as "2-degree compatible" = that can contribute to limiting warming by the end of the century to 2? Celsius; making India the only major economy to be so highly rated. India’s headline Paris pledge was to reduce the emission intensity of its gross domestic product (GHG emissions per unit GDP) by 33-35 per cent over 2005 levels by 2030. Assessing progress towards this target is tough: Official emissions data, which India communicates to the UNFCCC, is available until 2014 only. Also, data is available only for select years (1994, 2000, 2007, 2010 and 2014), not including the baseline year 2005.

This data (in conjunction with World Bank data for GDP) shows an unwelcome trend: A decrease in the rate of reduction of emission intensity during 2010-14 from 2007-10, as emissions continued to grow unabated despite a weakening of economic growth. More recent unofficial estimates indicate that this trend may have been temporary.

India’s annual GDP growth was only about 1 percentage point slower than the average in the years before, emission growth rate nearly halved, from 4.8 per cent before 2015 to 2.3 per cent in 2015 and 2.9 per cent in 2016 and 2017, according to the 2018 edition of the Trends in Global CO2 and Total Greenhouse Gas Emissions report by the PBL Netherlands Environmental Assessment Agency. These fluctuations point to the perils of the assumption that the decoupling of economic growth from emissions is a straightforward process.

In its second Biennial Update Report submitted to the UNFCCC in 2019, India claimed to have reduced the emission intensity of its economy by 21 per cent by 2014. But it didn’t specify emissions data for 2005 or the GDP data series used to arrive at the conclusion.

Nevertheless, the figure indicates that India is on track to meet the 2030 emission intensity commitment. An analysis by US-based Institute for Energy Economics and Financial Analysis has gone so far as to argue that the figure indicates that India could meet its target a decade early.

A study by Navroz Dubash and others published last year in Environmental Research Letters analysed seven previously published energy / emission scenarios together with current policies, and similarly argued that India’s economy-emission trajectory was consistent with the Paris Agreement.

A note on emission intensity is in order. It is a quantity that has decreased over time in many economies. One study shows CO2 emission intensity of the global economy has been steadily falling since at least 1990. This is not just due to, say, an increasing usage of renewable energy or energy efficiency, but also due to the change in the sectoral composition of the economy as it shifts from industry to (often less energy-intensive) services.

There is little clarity as to the extent to which the claimed 21 per cent reduction between 2005 and 2014 is due to concerted climate action. For comparison, in its own NDC, China claimed to have reduced the CO2 emission intensity of its GDP by 33.8 per cent during the same period.

In addition, India’s NDC also committed to ensuring that 40 per cent of its installed power capacity is from non-fossil sources (renewables, hydroelectric and nuclear) by 2030. There is an interim target of 175 GW of non-hydel renewable power by 2022 (up from 35 GW in 2015). Non-fossil sources accounted for about 37 per cent of India’s power capacity, as of September 2019, according to the Central Electricity Authority (CEA). Thus, the larger 2030 target seems like an easy one to achieve. Indeed the CEA’s projections yield an installed non-fossil capacity equivalent to nearly 65 per cent of the total capacity by 2029-30. However, on the interim target of 175 GW of non-hydro renewables by 2022, despite strong initial progress, the Government’s plans appear to be floundering.

A recent CRISIL report indicated that India may fall short of this interim target by as high as 42 per cent. If at all the target can be met, it will require more concerted effort by the government and the private sector. India’s final key pledge at Paris was the creation of an additional carbon sink equivalent to 2.5-3 billion tonne CO2 by 2030 through additional forest and tree cover. Analysts agreed that progress on the forestry goal was far from robust.

The Green India Mission, which seeks to work towards the target is woefully underfunded and has been regularly missing its annual targets. This has rendered the fulfilment of the 2030 pledge hard if not altogether unlikely. Thus India is making reasonable progress on two of the three key pledges it made in Paris. The Government needs to correct course where its policy is faltering. It also needs to invest in generating data more regularly than the bare minimum required by the UNFCCC so that way claims can be validated and data analysed to understand the underlying trends.

Courtesy: Kapil Subramanian for Down to Earth Updated on Octoebr 23, 2019 to reflect that the India’s pledge was for 2030, not 2020.

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Concrete

15th Cement EXPO: A Step Forward in Cement Innovation

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Mumbai

Following the immense success of the 14th Cement EXPO, held on December 14-15, 2023, at the Manekshaw Centre, New Delhi, the next edition of this premier event is set to take place in March 2025. The 15th Cement EXPO will be hosted at Yashobhoomi, Delhi, on 12th and 13th November 2025.

Meanwhile, the Cement Expo Forum 2025 is scheduled for 5th and 6th March 2025 at Taj Krishna in Hyderabad. This exciting 3-in-1 event, organised by FIRST Construction Council (FCC) and Indian Cement Review (ICR), will bring together industry leaders, innovators, and stakeholders to discuss the future of the cement sector.

Building on the Success of the 14th Cement EXPO

The 14th Cement EXPO was widely praised for its strong participation, attracting over 1,500 senior managers and decision-makers from across the cement industry. The event was inaugurated by Dr. Vibha Dhawan, Director General of TERI, and Ali Emir Adiguzel, Founder and Director of the World Cement Association, alongside Pratap Padode, Founder of FIRST Construction Council (FCC). The two-tiered exhibition space featured cutting-edge products and innovations from top companies within the cement industry’s supply chain.

The event also garnered significant support from key government bodies, including the Ministry of Road Transport and Highways, Government e-Marketplace (GeM), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

Recognition and Excellence in the Cement Industry

The 7th Indian Cement Review Awards celebrated excellence by presenting awards to 11 companies in various categories, recognising their contributions to growth and innovation within the industry. Notably, Parth Jindal, Managing Director of JSW Cement, was honoured with the prestigious Indian Cement Review – Person of the Year Award 2023. Meanwhile, Vinita Singhania, Vice Chairman and Managing Director of JK Lakshmi Cement Ltd, received the Lifetime Achievement Award for her outstanding leadership and contributions to the sector.

A Vision for Sustainability

With the theme of “Driving Sustainability Through Technology,” the 9th Indian Cement Review Conference hosted thought-provoking discussions and presentations, highlighting the industry’s commitment to adopting innovative, sustainable practices. The conference served as a platform for dialogue on the latest technological advancements aimed at transforming the cement sector, addressing key challenges, and fostering growth.

What to Expect from Cement EXPO 2025

The 15th Cement EXPO, along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, is set to be even bigger and more impactful than the 2023 edition. With an expanded exhibition space, greater participation, and more in-depth discussions, the 2025 event will continue to drive the industry forward. This 3-in-1 event promises to be a pivotal moment in the ongoing transformation of the cement sector.

As the industry evolves, the 15th Cement EXPO 2025 will serve as a crucial platform for showcasing innovations, discussing emerging trends, and forging new partnerships to shape the future of cement and construction.

For more details:

Cement Expo Forum 2025: https://cementexpo.in/forum

15th Cement Expo 2025: https://cementexpo.in/

FOR CONFERENCE SPONSORSHIPS

Sheetal Talreja

Mob: +91 842 2874 030

Email: sheetal@IndianCementReview.com

FOR EXHIBITION/SPONSORSHIPS

Sujoy Gomes

Mob: +91 865 7795 881

Email: Sujoy.g@ASAPPinfoGlobal.com

FOR SPONSORSHIPS

Ratan Rajbhar

Mob: +91 842 2874 021

Email: ratan.r@ASAPPinfoGlobal.com

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Concrete

Construction sector growth slows to 8-10% for FY2025: ICRA

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The revenue growth for construction companies in FY2025 is projected at 8-10 per cent, down from the earlier estimate of 12-15 per cent, according to ICRA. This marks the slowest growth in three years, driven by factors such as the Model Code of Conduct in Q1, prolonged monsoons, and milestone-based billing in Q2, particularly affecting road-focused players.
ICRA’s analysis of 19 companies with a combined turnover of Rs.1.28 trillion in FY2024 shows modest revenue growth of 1.5 per cent YoY in H1 FY2025. While execution is expected to improve in H2, FY2025 growth remains below the historical CAGR of ~15 per cent (FY2018-FY2024).
Order inflows in urban transport, water and sewage projects are healthy, but road-focused entities face challenges due to muted inflows and high competition. Operating margins are projected to remain range-bound at 10.5-11 per cent, with debt levels rising to manage working capital needs, though debt coverage metrics remain stable.

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Concrete

SANY India expands Pune factory to boost production capacity

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SANY India inaugurated a cutting-edge factory expansion at its 90-acre Pune facility, elevating its production capacity to over 14,000 units annually, alongside a robust fabrication capacity of 100,000 metric tonnes.

The advanced facility reinforces SANY’s commitment to ‘Make in India’ by enhancing localised manufacturing and supporting global exports. Chairman Xiang Wenbo highlighted the strategic importance of India as a global hub, while Vice Chairman Deepak Garg emphasised the expansion’s role in driving innovation and infrastructure development. This investment enhances efficiency, reduces timelines, and strengthens SANY’s leadership in the construction equipment sector.

 

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