The latest greenhouse gas (GHG) emission data submitted by the Government of India to the United Nations Framework Convention on Climate Change through its third biennial update report (BUR3) reveals interesting trends about Indian industry. In 2016, the most recent year for which data is now available, emissions from Indian industry constituted 22% of the country’s total GHG emissions. This includes emissions from energy use by manufacturing industries and construction, and the...
In FY2020, the goods carrier segment accounted for 17.5% (1,11,554 units) of the total domestic 3-Wheeler industry sales (6,36,569 units) in India. Since last year, the COVID-19 pandemic-induced restrictions have brought a structural shift in shopping behavior, where an increasing number
Electric mobility is widely considered to be an effective way to improve air quality and address environmental concerns, which ultimately benefit their primary users. However, the sector’s viability is heavily affected by factors like incentives on discarding used vehicles, favorable government policies, purchase incentives, safety and performance of the vehicles. Consumers are further
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Well-designed carbon markets have the potential to harness least-cost emission reductions. Over the last two decades, the Indian industry has built its experience with multiple market-based mechanisms such as the “Clean Development Mechanism” (CDM), “Perform, Achieve and Trade” (PAT) and “