+
India soon to implement green port policy
PORTS & SHIPPING

India soon to implement green port policy

India will soon implement a green port policy to encourage local ports to meet growing global carbon neutrality norms, thereby contributing to the country's long-term objective of net zero emissions.

According to officials, the policy would outline the standards for green port categorization, as well as incentives for transitioning to less polluting fuels and improving efficiency to reduce overall emissions.

“The policy will define how the Green Ports model will be woven into with the Public Private partnership (PPP) models already deployed in ports,” a senior government official said.

It will also include provisions for reducing emissions and incentives to do so.

“It will provide for integration with the Green Hydrogen mission with a focus on how to use the clean fuel in the port and shipping industry,” the official said.

The policy would be guided by the Panchamrit (five nectar elements) as defined by Prime Minister Shri Narendra Modi at the United Nations Climate Change Conference in Glasgow (COP26).

The Prime Minister has set a national aim of increasing non-fossil energy capacity to 500 GW by 2030 under the Panchamrit. As part of the strategy, India would reduce overall estimated carbon emissions by one billion tonnes between 2021 and 2030, with the goal of being a Net Zero carbon emitter by 2070.

“The Indian ports will also have to calculate the annual GreenHouse Gas (GHG) and Carbon Dioxide (CO2) emission. Once the quantity of emissions has been established as the baseline, the domestic ports will then begin their efforts to offset it in a defined time period,” the official said.

Indian ports have already proposed a 30% reduction in carbon emissions per ton of cargo handled by 2030.

India will be the first country to perform a Green Shipping pilot project under the IMO Green Voyage 2050 project.

Under the Paris Agreement, India's Nationally Determined Contributions (NDC) for the period 2021-2030 include aims to lower the carbon intensity of its GDP by 33 to 35% by 2030 from 2005 levels.

See also:
​​Shipping ministry to establish three Indian Ports as Hydrogen Hubs
India’s first centre of excellence for green port & shipping launched


India will soon implement a green port policy to encourage local ports to meet growing global carbon neutrality norms, thereby contributing to the country's long-term objective of net zero emissions. According to officials, the policy would outline the standards for green port categorization, as well as incentives for transitioning to less polluting fuels and improving efficiency to reduce overall emissions. “The policy will define how the Green Ports model will be woven into with the Public Private partnership (PPP) models already deployed in ports,” a senior government official said. It will also include provisions for reducing emissions and incentives to do so. “It will provide for integration with the Green Hydrogen mission with a focus on how to use the clean fuel in the port and shipping industry,” the official said. The policy would be guided by the Panchamrit (five nectar elements) as defined by Prime Minister Shri Narendra Modi at the United Nations Climate Change Conference in Glasgow (COP26). The Prime Minister has set a national aim of increasing non-fossil energy capacity to 500 GW by 2030 under the Panchamrit. As part of the strategy, India would reduce overall estimated carbon emissions by one billion tonnes between 2021 and 2030, with the goal of being a Net Zero carbon emitter by 2070. “The Indian ports will also have to calculate the annual GreenHouse Gas (GHG) and Carbon Dioxide (CO2) emission. Once the quantity of emissions has been established as the baseline, the domestic ports will then begin their efforts to offset it in a defined time period,” the official said. Indian ports have already proposed a 30% reduction in carbon emissions per ton of cargo handled by 2030. India will be the first country to perform a Green Shipping pilot project under the IMO Green Voyage 2050 project. Under the Paris Agreement, India's Nationally Determined Contributions (NDC) for the period 2021-2030 include aims to lower the carbon intensity of its GDP by 33 to 35% by 2030 from 2005 levels. See also: ​​Shipping ministry to establish three Indian Ports as Hydrogen HubsIndia’s first centre of excellence for green port & shipping launched

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?