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Decarbonisation and Key Strategies to Reduce Emissions Essar’s Approach

While media has been highlighting many of Essar crises, the companyu2019s sustainability agenda, and the milestones it has been achieving has not been spoken about much. Last few years, Essar has been transitioning its portfolio, investing in renewable energy sources, enhancing energy efficiency across sectors, green transportation, investing in carbon capture technologies, etc.

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Decarbonisation and Key Strategies to Reduce Emissions Essar’s Approach

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  1. Decarbonisation and Key Strategies to Reduce Emissions: Essar’s Approach

  2. To combat climate change, some of the world’s largest companies, like Essar Group, have set aggressive decarbonisation strategies to minimize their environmental impact. While media has been highlighting many of Essar crises, the company’s sustainability agenda, and the milestones it has been achieving has not been spoken about much. Last few years, Essar has been transitioning its portfolio, investing in renewable energy sources, enhancing energy efficiency across sectors, green transportation, investing in carbon capture technologies, etc.

  3. What is Decarbonisation? Decarbonisation means reducing or eliminating greenhouse gas GHG emissions to achieve a net zero balance. The main agenda behind decarbonisation is to have zero net increase in atmospheric GHG levels, with the ultimate aim of achieving a sustainable, low-carbon economy. Decarbonisation consists of two main strategies, including reducing GHG emissions and capturing carbon from the atmosphere, known as ‘carbon sequestration.’

  4. MAIN STRATEGIES FOR DECARBONISATION Considering there is no single way of reducing emissions, businesses like Essar Group have adopted various decarbonisation strategies, from cutting high-carbon processes to investing in renewable energy and carbon capture. Some of the main strategies for decarbonisation include:

  5. Renewable Energy According to the United Nations Environmental Program (UNEP), fossil fuels contribute to nearly 80% of global carbon emissions. Thus, to minimize carbon emissions, businesses are shifting to renewable energy sources like solar, wind, hydroelectric, biofuels, geothermal, and nuclear. According to Grand View Research, the global renewable energy market size was worth USD 1.21 trillion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2030. The shift toward low-carbon fuels and the existence of stringent environmental regulations have provided significant momentum in the renewable energy sector.

  6. THANK YOU Read More:- https://www.newssamachar.com/decarbonisation-and-key-strategies-to-reduce-emissions-essars-approach/

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