Karnataka's greenhouse gas emissions could exceed 400 MT by 2050: Report
Though the emissions could exceed 400 MT by 2050, emissions can be cut to 50 MT, mainly through electrification, renewable energy, and demand-side interventions, the report, titled 'Namma SAFARI: Low-Carbon Development Pathways for Karnataka,' said.
Six key factors
Namma SAFARI is Karnataka's first integrated system dynamics model, mapping long-term interactions across six key sectors — energy, transport, industry, buildings, agriculture, and land use — till 2050. Developed by CSTEP, the model supports evidence-based planning for a low-carbon, sustainable future.
'The model projects Karnataka's population will cross 75 million by 2050, with its Gross State Domestic Product (GSDP) rising to ₹128 lakh crore (2011 constant prices). Under a business-as-usual path, greenhouse gas emissions could exceed 400 MT by 2050. However, a low-carbon scenario, informed by expert consultations, shows emissions can be cut to ~50 MT, mainly through electrification, renewable energy, and demand-side interventions,' CSTEP said.
The report also highlighted that in the buildings sector, electricity demand could reach 40% of total use by 2050. 'The low-carbon path reduces this by 25% through passive cooling, green construction, and rooftop solar. Enforcing energy codes such as Energy Conservation Building Code (ECBC) and Eco Niwas Samhita (ENS) is key,' it added.
Role of industry
It further stated that industry is the largest contributor to electricity demand and emissions. 'To guarantee demand and drive economies of scale, a mandate for a minimum share (~25%) of public infrastructure projects to use certified green cement or steel, along with preferential pricing for compliance, would boost investment in low-carbon production. Decarbonising these industries also has other co-benefits,' it said.
The other highlights of the report are in agriculture, which currently uses ~30% of the State's electricity; demand drops to zero in the low-carbon case through off-grid solar irrigation. 'Scaling up minimum support price coverage for crops such as millets, pulses, and oilseeds (currently just 8%) will support this shift,' CSTEP said.
'For transport, shifting 33% of freight to rail by 2030 could save 50 crore litres of diesel annually. Electrification doubles power demand to ~54.5 TWh by 2050. Incentives for rail, improved logistics, and electric vehicle (EV) expansion are needed,' it further added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
14 hours ago
- Business Standard
RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech
The Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, concluded its 56th MPC meeting on Wednesday. The August policy announcement, which comes after the MPC meeting from August 4 to 6, was held amid ongoing geopolitical uncertainties, US President Donald Trump's tariff escalations, and a moderation in the Consumer Price Index (CPI)-linked inflation Governor Malhotra said a favourable monsoon, along with the supportive policy of the government and the central bank, augurs well for the economy. While global uncertainties are mostly abated, tariff challenges remain, he added. Here are the highlights from Governor Malhotra's speech: Repo rate: The MPC kept the repo rate unchanged in the August meeting. Because of this, all external benchmark lending rates linked to the repo rate will also remain unchanged. In June, the repo rate was slashed by 50 basis points (bps) to 5.5 per cent, marking the third straight cut. Inflation: The CPI-linked inflation forecast for FY26 was revised downward to 3.1 per cent from 3.7 per cent. The quarterly forecasts have also been cut substantially. Growth: As for the growth estimates, the RBI has retained its Gross Domestic Product (GDP) forecast for the current financial year at 6.5 per cent. The quarterly projections also remain the same. According to the latest data, India's GDP expanded by 6.5 per cent in 2024-25. Stance: The MPC maintained its 'neutral' stance, which was changed from 'accommodative' to 'neutral' in June. Liquidity: The 100 bps cut in Cash Reserve Ratio (CRR) will boost liquidity from September. An internal working group was formed by the RBI in 2020 to review the liquidity management framework over the last five years. The report will be published on the RBI's website soon. Financial stability Malhotra said the financial outlook remains strong, with capital adequacy, liquidity, profitability, and asset quality of commercial banks all healthy. The Capital to Risk (Weighted) Assets Ratio (CRAR) stood at 17 per cent, the net interest margin at 3.5 per cent, liquidity at 132 per cent, and the credit-deposit ratio at 78.9 per cent. Bank credit grew 12.1 per cent in 2024–25, slower than the 16.3 per cent growth in 2023–24, but higher than the decade average of 10.3 per cent. RBI MPC: Consumer schemes The RBI will roll out initiatives to improve financial inclusion: Re-KYC camps: Banks will organise Re-KYC camps at the panchayat level to help customers update their details, open new accounts, and access micro-insurance products.
Time of India
2 days ago
- Time of India
Top economist issues chilling recession warning: The Fed can't save us this time
US recession warning 2025: A series of concerning economic reports have put US households and businesses on alert, indicating a potential recession. Flat consumer spending, shrinking factories, and stalled hiring are key indicators. Economist Mark Zandi warns that the economy is on the "precipice of recession," attributing the slowdown to President Trump's trade and immigration policies. Tired of too many ads? Remove Ads Economist Mark Zandi Warns: 'The Economy Is on the Precipice of Recession' Sluggish Hiring Numbers Raise Concerns Tired of too many ads? Remove Ads GDP Growth Hides Weakness in Core Domestic Demand Rising Core Inflation Limits Federal Reserve's Response Options Housing and Manufacturing Sectors in Decline Why the Unemployment Rate Isn't Telling the Full Story Tariffs and Immigration Crackdowns Are Slowing Growth FAQs Tired of too many ads? Remove Ads US households and businesses are starting the week on edge after a series of economic reports painted a troubling picture: consumer spending is flat, factories are shrinking, and hiring has stalled, as per a Analytics chief economist Mark Zandi highlighted that 'The economy is on the precipice of recession. That's the clear takeaway from last week's economic data dump,' as quoted in the Fortune report. This warning comes amid growing signs that US president Donald Trump's trade and immigration policies are dragging down growth, according to the warned that, 'Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue,' as quoted in the Fortune READ: Social security shake-up: Trump's new move has retirees fuming — here's what you need to know The latest job growth numbers came in far below expectations, as payrolls increased by just 73,000 in July, well under the forecast of roughly 100,000, as reported by Fortune. Even more alarming, May and June saw steep downward revisions, May was cut from 144,000 to 19,000, and June from 147,000 to just 14,000, according to the report. That means the average monthly job increase over the past three months is now only 35,000, suggesting a slowdown in momentum that can't be ignored, as reported by Gross Domestic Product (GDP) grew faster than expected in Q2, but a closer look reveals weak underlying demand because a key gauge that strips out foreign trade and focuses on total domestic consumption shows the economy is in a slowdown phase, as reported by READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Meanwhile, the core inflation rate, which excludes volatile food and energy prices, rose to 2.8%, surpassing the Federal Reserve's 2% target, according to the report. That combination of weakening growth and sticky inflation presents a real challenge for policymakers, as per data this week showed construction activity falling, notably in single-family home spending, and the Institute for Supply Management's manufacturing activity index for July slipped, signaling contraction in a vital sector of the economy, according to the the unemployment rate remains steady between 4% and 4.2% for more than a year, but that is because the size of the labor force has stagnated, as reported by Fortune. Zandi pointed out that the foreign-born workforce has plunged by 1.2 million in the last six months amid Trump's immigration crackdown, while the overall labor participation rate has fallen, as reported by attributes much of the slowdown to tariffs and restrictive immigration policies, both of which he says are squeezing profits and shrinking the economy's potential, according to the report. He observes an economy-wide hiring freeze, especially hurting recent graduates entering the workforce, as per the Fortune economist explained, 'It's no mystery why the economy is struggling; blame increasing U.S. tariffs and highly restrictive immigration policy,' adding, 'The tariffs are cutting increasingly deeply into the profits of American companies and the purchasing power of American households. Fewer immigrant workers means a smaller economy,' as quoted by officially, but economists say the warning sign like weak hiring and flat spending are piling up, as per the Fortune not right now. Inflation is still above the Fed's 2% target, so they're holding off on rate cuts.
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
India Inc promoters holding declines to 8-year low of 40.6% in Q1: Report
Promoters' ownership in private listed companies declined to an eight-year low of 40.58 per cent as of June 30, 2025, following a net share sale worth ₹54,732 crore during the quarter, according to data from an initiative of PRIME Database Group. While promoter buying is always a positive sign, promoter selling can be due to a wide variety of reasons such as promoters taking advantage of bullish markets to take money off the table, strategic reasons like debt reduction, legacy planning, philanthropy, investment in other ventures and meeting Minimum Public Shareholding (MPS) requirement as also for personal expenses, Pranav Haldea, Managing Director, PRIME Database Group, said. "Relatively lower promoter holding in some of the recent IPO companies and overall institutionalisation of the market are some of the other reasons behind this fall," he added. In comparison, private promoters held a 40.81 per cent stake in the quarter ended March 2025. The last time holdings were this low was in the quarter ended September 30, 2017, when private promoter shareholding stood at 40.19 per cent. This trend has been consistent over the past three years. Over the last 13 quarters alone, promoters' share has fallen sharply by 455 basis points from 45.13 per cent on March 31, 2022, to 40.58 per cent as of June 30, 2025. According to Haldea, as long as promoters continue to hold a sizable stake after the sale, with the sale not happening at a huge discount to market price and there being no significant change in the fundamentals of the company, there is no reason to worry. This analysis is based on the shareholding data filed by 2,086 out of the 2,131 companies listed on the main board of the NSE for the quarter ended June 30, 2025. As of July 25, 45 companies had yet to submit their shareholding disclosures. Meanwhile, government holdings as promoters saw a slight increase during the quarter, rising from 9.27 per cent to 9.39 per cent. The share of Domestic Institutional Investors (DIIs) continued to climb, reaching an all-time high of 17.82 per cent as of June 30, 2025, up from 17.62 per cent in the previous quarter. This increase followed a net investment of Rs 1.68 lakh crore during the quarter. Mutual funds, buoyed by sustained retail inflows through systematic investment plans (SIPs), played a major role in this surge. Their net investment of Rs 1.17 lakh crore pushed mutual funds' share in NSE-listed companies to a new peak of 10.56 per cent, up from 10.35 per cent in March 2025. In contrast, Foreign Institutional Investors (FIIs) saw their stake dip further to a 13-year low of 17.04 per cent from 17.22 per cent, despite a net inflow of Rs 38,674 crore during the quarter. DIIs increased their exposure most notably to the Consumer Discretionary sector while cutting back on Fast Moving Consumer Goods (FMCG). On the other hand, FIIs raised their allocation to Financial Services but also trimmed their investment in FMCG. India's largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC's stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the end of March 2025, even though it recorded a net purchase of Rs 9,914 crore during the quarter. LIC continues to account for a dominant 69 per cent share, amounting to Rs 16.76 lakh crore of all insurance equity investments.
