• Associate Sponsor

Infosys announces internal carbon pricing, to aid in reducing emissions

The idea behind deciding an internal carbon price is essentially that the entity polluting should pay for the damage done to the environment.

By: Express Web Desk | New Delhi | Published: January 16, 2017 7:52 pm
internal carbon pricing, infosys carbon pricing, infosys CSR, carbon dioxide emission, india news “Infosys derived its internal carbon price based on its program to completely decarbonize under the carbon neutral commitment,” the release said.

Indian multinational company Infosys Monday announced its internal carbon price at $10.5 per ton of Carbon Dioxide equivalent (CO2e) emission. This price, which will be valid for two years from the date of announcement, is essentially the cost of decarbonising the emissions of CO2e. A press release issued by the company said that this price has been estimated by weighing the average of the prices of carbon under various categories.

“The carbon price announced today is a weighted average of the prices of carbon under the energy efficiency, renewable energy, and emission offset levers. The price of carbon under each lever was estimated based on the company’s past and ongoing investments in the area,” the release said.

“Infosys derived its internal carbon price based on its program to completely decarbonize under the carbon neutral commitment,” it said.

The idea behind deciding an internal carbon price is essentially that the entity polluting should pay for the damage done to the environment. As the money comes to Infosys from the polluting entities, the company can use these funds for the emission reduction programs.

Infosys is a member of Carbon Pricing Leadership Coalition, an organisation that is working towards increasing awareness around the idea of carbon pricing.

For all the latest Business News, download Indian Express App

  1. K
    Kumar
    Jan 16, 2017 at 5:14 pm
    As countries are developing, demands are rising world-wide for increased energy productions and energy utilizations. Energy productions will continue to primarily depend on fossil fuels including coal at least for the next 50 years. The consequent emissions from fossil fuel based power and other industrial plants plants give rise to environmental pollution, health hazards and global warming. Emissions from cement plants are also responsible for such effects. Only in developed countries and in some parts of China and India, some techniques are being developed to capture the emissions. The techniques, however, are very expensive in terms of constant usages of materials and power. Thus cost effective capture of industrial carbon and toxic gases emitted from industrial plants is still a great challenge to maintain clean air and environmentlt;br/gt;While I was working as a professor of physics in Covenant University (), together with an engineer in Nigeria, I have theoretically studied in-depth the science and engineering of a new novel technique of capturing the carbon dioxide, the toxic gases and the particulate matters from power plants based on what we term as cryogenic compression cycles. We have come up with technology and plant design which can capture the emissions, using only a fraction of electrical power output and without use of any chemical reagents or cryogen. The technique completely captures the emissions and convert the gases into solid forms (very cold) which can find many industrial applications. To capture the entire emissions from the natural gas fired power plants the power requirement is 11% of the total power output; where as for the coal fired power plant, the power requirement is 22%. Then there would be zero emissions from the plants. The technique will work remarkably well with plants that use combined heat and power technology that are being used in some plants. In the latter, the otherwise wasted heat energy from the flue gases in normal plants is productively utilized; say for example, to produce hot water or pressurized steam. lt;br/gt;The studies show clearly that the solid dry ice (i.e. the solid frozen carbon dioxide, produced from the flue gases or the emissions) captured using our techniques, alone would pay off more than twice the cost of the power usages, if the dry ice is sold just at $0.04 per pound (current market price is $1 to 3 per pound). The dry ice thus captured would be available in vast amount at very low price. It can then find good applications in the form of new refrigeration and air cooling system (both domestic and industrial) that can run on the power output of a small size solar panel (2 to 4 sq. m depending on the house area, 2000 to 4000 sq. ft.). Thus the technique when applied commercially would reduce the demand for electrical power for refrigeration and air cooling in summer and it does not require any substantial investment from residents. With the current technologies of refrigeration and air cooling, a resident would require heavy investment while switching completely to solar power, whereas our techniques enable residents to have clean environment with very little investment and with much reduced monthly bill for refrigeration and air cooling. It may be mentioned that the carbon dioxide released after sublimation of dry ice can be vented to the vegetation around the residence and it will promote the growth of the vegetation through photosynthesis. We do not find any reason what so ever that the released carbon dioxide from such cooling uints will raise the CO2 level of atmosphere comparable to that when it is not captured. Moreover, a significant part of the dry ice will find many industrial applications where it could be converted directly to other materials, including soft drinks and thus will not be released to atmosphere. The new technology will thus help maintain the green environment around. The new refrigeration technique is viable cost effectively only with application of our above technology of capturing the emissions. It may be mentioned that no carbon dioxide will be released inside the residence. lt;br/gt;lt;br/gt;In order to construct two working prototype models of the industrial carbon and toxic matter capture plants, we need $3.5 Million. We are ready to share patent rights of this revolutionary technology. Please contact Dilip K. De 1(817)659-5468. . ()
    (0)(0)
    Reply
    1. K
      Kumar
      Jan 16, 2017 at 5:11 pm
      As countries are developing, demands are rising world-wide for increased energy productions and energy utilizations. Energy productions will continue to primarily depend on fossil fuels including coal at least for the next 50 years. The consequent emissions from fossil fuel based power and other industrial plants plants give rise to environmental pollution, health hazards and global warming. Emissions from cement plants are also responsible for such effects. Only in developed countries and in some parts of China and India, some techniques are being developed to capture the emissions. The techniques, however, are very expensive in terms of constant usages of materials and power. Thus cost effective capture of industrial carbon and toxic gases emitted from industrial plants is still a great challenge to maintain clean air and environmentlt;br/gt;While I was working as a professor of physics in Covenant University (), together with an engineer in Nigeria, I have theoretically studied in-depth the science and engineering of a new novel technique of capturing the carbon dioxide, the toxic gases and the particulate matters from power plants based on what we term as cryogenic compression cycles. We have come up with technology and plant design which can capture the emissions, using only a fraction of electrical power output and without use of any chemical reagents or cryogen. The technique completely captures the emissions and convert the gases into solid forms (very cold) which can find many industrial applications. To capture the entire emissions from the natural gas fired power plants the power requirement is 11% of the total power output; where as for the coal fired power plant, the power requirement is 22%. Then there would be zero emissions from the plants. The technique will work remarkably well with plants that use combined heat and power technology that are being used in some plants. In the latter, the otherwise wasted heat energy from the flue gases in normal plants is productively utilized; say for example, to produce hot water or pressurized steam. lt;br/gt;The studies show clearly that the solid dry ice (i.e. the solid frozen carbon dioxide, produced from the flue gases or the emissions) captured using our techniques, alone would pay off more than twice the cost of the power usages, if the dry ice is sold just at $0.04 per pound (current market price is $1 to 3 per pound). The dry ice thus captured would be available in vast amount at very low price. It can then find good applications in the form of new refrigeration and air cooling system (both domestic and industrial) that can run on the power output of a small size solar panel (2 to 4 sq. m depending on the house area, 2000 to 4000 sq. ft.). Thus the technique when applied commercially would reduce the demand for electrical power for refrigeration and air cooling in summer and it does not require any substantial investment from residents. With the current technologies of refrigeration and air cooling, a resident would require heavy investment while switching completely to solar power, whereas our techniques enable residents to have clean environment with very little investment and with much reduced monthly bill for refrigeration and air cooling. It may be mentioned that the carbon dioxide released after sublimation of dry ice can be vented to the vegetation around the residence and it will promote the growth of the vegetation through photosynthesis. We do not find any reason what so ever that the released carbon dioxide from such cooling uints will raise the CO2 level of atmosphere comparable to that when it is not captured. Moreover, a significant part of the dry ice will find many industrial applications where it could be converted directly to other materials, including soft drinks and thus will not be released to atmosphere. The new technology will thus help maintain the green environment around. The new refrigeration technique is viable cost effectively only with application of our above technology of capturing the emissions. It may be mentioned that no carbon dioxide will be released inside the residence.lt;br/gt;lt;br/gt;In order to construct two working prototype models of the industrial carbon and toxic matter capture plants, we need $3.5 Million. We are ready to share patent rights of this revolutionary technology. Please contact Dilip K. De 1(817)659-5468.
      (0)(0)
      Reply
      1. K
        Kumar
        Jan 16, 2017 at 5:00 pm
        Together with a Nigerian engineer, I have studied in depth the science and engineering of the best novel technology to date that can capture the industrial CO2 and toxic gases from fossil fuel power plants. The theoretical research yielded a very novel state-of-the art technology that can capture all the CO2 emissions from natural gas fired power plants using only 11% of the power output. For the coal fired plants, it requires 22% of the power output. The new technology unlike most of the current technologies does not require any chemical reagents or cryogen, Yet it captures the CO2 and the toxic gases in frozen solid forms (very cold!) resulting in virtually zero emission from the plants. The technology is applicable to capture emissions from cement plants also and is very effective with plants employing combined heat and power technology. The latter however can not capture the emissions as cost effectively as the new technology invented by us. . lt;br/gt;lt;br/gt;As countries are developing, demands are rising world-wide for increased energy productions and energy utilization. Energy productions will continue to primarily depend on fossil fuels including coal at least for the next 50 years. The consequent emissions from fossil fuel based power and other industrial plants plants give rise to environmental pollution, health hazards and global warming. Emissions from cement plants are also responsible for such effects. Only in developed countries and in some parts of China and India, some techniques are being developed to capture the emissions. The latter techniques, however, are very expensive in terms of constant usages of materials and power. Thus cost effective capture of industrial carbon and toxic gases emitted from industrial plants is still a great challenge to maintain clean air and environment.lt;br/gt;lt;br/gt;While I was working as a professor of physics in Covenant University (), together with an engineer in Nigeria, I have theoretically studied in-depth the science and engineering of a new novel technique of capturing the carbon dioxide, the toxic gases and the particulate matters from power plants based on what we term as cryogenic compression cycles. We have come up with technology and complete plant design which can capture the emissions, using only a fraction of electrical power output and without use of any chemical reagents or cryogen. The novel captures completely captures the emissions and convert the gases into solid forms (very cold) which can find many industrial applications. Then there would be zero emissions from the plants. The new technique will work remarkably well with plants that use combined heat and power technology that are being used in some plants. In the latter technology, the otherwise wasted heat energy from the flue gases in normal plants is productively utilized; say for example, to produce hot water or pressurized steam. lt;br/gt;The studies show clearly that the solid dry ice (i.e. the solid frozen carbon dioxide, produced from the flue gases or the emissions) captured using our techniques, alone would pay off more than twice the cost of the power usages, if the dry ice is sold just at $0.04 per pound (current market price is $1 to 3 per pound). The dry ice thus captured would be available in vast amount at very low price. It can then find good applications in the form of new refrigeration and air cooling system (both domestic and industrial) that can run on the power output of a small size solar panel (2 to 4 sq. m depending on the house area, 2000 to 4000 sq. ft.) only. The design plans of these future cooling plants have been worked out by us and are in the patent application stage. lt;br/gt;lt;br/gt;Thus the novel capture technology when applied commercially would reduce the demand for electrical power for refrigeration and air cooling in summer and it does not require any substantial investment from residents. With the current technologies of refrigeration and air cooling, a resident would require heavy investment while switching completely to solar power, whereas our techniques enable residents to have clean environment with very little investment and with much reduced monthly bill for refrigeration and air cooling. It may be mentioned that the carbon dioxide released after sublimation of dry ice can be vented to the vegetation around the residence and it will promote the growth of the vegetation through photosynthesis. We do not find any reason what so ever that the released carbon dioxide from such cooling units will raise the CO2 level of atmosphere comparable to that when it is not captured. Moreover, a significant part of the dry ice will find many industrial applications where it could be converted directly to other materials, including soft drinks and thus will not be released to atmosphere. Note that once CO2 is captured in the form of dry ice, the sublimated CO2 (in air free container) will be very pure and can find many industrial applications. The new technology will thus help maintain the green environment around, create jobs and boost economy. The new refrigeration technique is viable cost effectively only with application of our above technology of capturing the emissions. It may be mentioned that no carbon dioxide will be released inside the residence in the newly proposed air cooling and refrigeration system..lt;br/gt;lt;br/gt;Another great application of such captured dry ice would be in rapid quenching of wildfire. Modern wildfire fighting techniques employ fire ant chemicals that are toxic to environments. With the new technique the environment would be free of such toxic materials and the wildfire can be quenched much more cost effectively and more rapidly than the current technologies can do.lt;br/gt; lt;br/gt;Since fossil fuel based industries are going to stay worldwide at least for next 50 years, we cannot see any better answer than the implementation of the above mentioned novel technology (which is theoretically studied by us in details from the detailed science and engineering points of view) to prevent environmental pollution/ health hazards and climate change/global warming arising out of the emissions from the industrial plants. lt;br/gt; lt;br/gt;We at the Sustainable Green Power Technology trying to develop two working models of the emission-capture plants that can capture the emissions based on our new technology using two small prototype industrial models of boiler such that (i) one of the boilers uses natural gas and the other (ii) uses coal. The working models will establish the proof of concepts of our cost effective novel technology of industrial carbon and toxic material capture.lt;br/gt;lt;br/gt;The total amount of fund required for complete establishment of the proof of concept of this new technology is around $3.6 Million. This includes cost of equipment and building the capture plant, ries of scientists and engineers, office maintenance etc. lt;br/gt;We are soliciting funds from any Industry/venture capitalists in order to establish proof of concepts of our novel technology. Our objective is to come up with deliverable working models of the industrial carbon and toxic materials capture plants. The $3.5 Million fund will enable us do this. In exchange of funding we are ready to share the patents rights (percentage negotiable) of this new technology, including that of new refrigeration and air cooling systems and wildfire fighting technology with dry ice. It is a revolutionary technology to fight global warming, produce clean coal and natural gas energy. The technology will ensure clean air and environment, boost economy and spin off new industries.. Please contact me for further details. 1(817)659-5468. email:
        (0)(0)
        Reply
        Adda