The e-commerce giant achieved a major sustainability milestone in 2024, delivering 1.5 billion packages via electric vehicles worldwide – more than doubling its EV fleet to 31,400 units and exceeding its India electrification target a year early. This achievement, detailed in Amazon’s latest Sustainability Report, comes alongside its fifth consecutive year as the world’s top corporate buyer of renewable energy, matching 100% of global operations with clean power.
Balancing Growth with Emissions Reduction
While Amazon’s absolute carbon emissions rose 6% to 68.25 million metric tons due to business expansion, the company highlighted a 40% reduction in carbon intensity since 2019. Key decarbonization efforts included:
AI Efficiency Breakthroughs
Amazon Web Services countered AI’s energy demands with:
Sustainable Operations Expansion
The company made strides across its value chain:
Fresh off announcing India’s largest green hydrogen facility, engineering giant Larsen & Toubro has secured a strategic ultra-mega offshore contract in the Middle East, showcasing its unique dual capability in traditional hydrocarbons and clean energy transition.
The company’s hydrocarbon division landed a major EPCI (engineering, procurement, construction, installation) contract involving new offshore structures and facility upgrades, continuing its three-decade legacy of executing complex oil and gas projects across water depths. “This award reinforces our global reputation for delivering technically challenging offshore projects with precision,” L&T stated, highlighting its in-house engineering expertise and specialized marine fleet.
Simultaneously, L&T Energy GreenTech is pioneering India’s energy future through its 10,000-tonne annual capacity green hydrogen plant at IOCL’s Panipat refinery. The fully renewable-powered facility will employ indigenously manufactured alkaline electrolyzers from L&T’s Hazira unit, supporting India’s green hydrogen mission while decarbonizing hard-to-abate sectors.
“This parallel execution of hydrocarbon and clean energy projects demonstrates our balanced energy transition approach,” said Subramanian Sarma, L&T’s deputy MD. The twin developments position L&T as both a global hydrocarbon infrastructure leader and domestic clean energy champion – a rare combination in today’s polarized energy landscape. The green hydrogen facility, operating on a 25-year BOO model, represents one of India’s first industrial-scale implementations of the National Green Hydrogen Mission, while the Middle East contract extends L&T’s dominance in conventional energy infrastructure amid growing global energy demand.
A promising innovation in green construction is emerging from Bengaluru’s Indian Institute of Science. Novacret, a startup incubated at the Foundation for Science, Innovation and Development (FSID), is set to launch its revolutionary green cement product by September 2025. The product boasts up to 80% lower carbon emissions and eliminates the need for water during curing, making it both eco-friendly and water-efficient. Rooted in circular economy principles, Novacret uses industrial waste—including fly ash from power plants and slag from steel industries—as raw materials, drastically cutting environmental impact while offering a cost advantage.
The performance metrics of Novacret are compelling. Unlike conventional concrete, which typically takes 28 days to reach full strength, Novacret products achieve the same in just three days. Additionally, they are currently 10–15% cheaper than traditional concrete offerings, and the cost is expected to drop further with scale. Its product line includes a wide variety of precast items such as pavers, kerbstones, AAC blocks, CLC panels, facades, and porous pavers—all packaged in innovative compostable bags to minimize plastic waste.
The startup has already attracted interest from major players in the real estate and infrastructure sector, including pilot projects with large construction firms and potential collaborations with the Karnataka government. Novacret also plans to incorporate agricultural waste into its production in the coming years, which could have a significant impact on reducing stubble burning and air pollution in northern India. This could further boost India’s climate targets under global frameworks like the Paris Agreement.
Internationally, Novacret is eyeing partnerships in Dubai, Abu Dhabi, and Sharjah. It recently showcased its technology at the World Future Energy Summit 2025 in Abu Dhabi and was among 12 startups featured at India’s Construction Tech Demo Day. Backed by grants from the Department of Science and Technology and Zerodha CSR, the startup is now preparing for its first seed funding round to support its next stage of growth.
Novacret’s broader vision aligns closely with the concept of “Drawdown,” a framework proposed by Paul Hawken for reversing global warming within a generation. With construction accounting for over 25% of global carbon emissions, Novacret offers a viable, scalable path for decarbonising the sector. The startup estimates that the market potential for its products in India exceeds $1 billion, with engineering blocks alone worth $1.3 billion. Globally, the precast concrete market is pegged at $166 billion, and Novacret aims to capture at least 10% of that within the next five years. By converting industrial and agricultural waste into high-performance construction material, Novacret is more than just a green cement startup—it represents a blueprint for sustainable urban development. If adopted at scale, it could slash the construction industry’s carbon footprint by half within a decade, delivering tangible climate action from the ground up.
The Sustainability Mafia (SusMafia), a 100+ strong network of climate-tech pioneers, has unveiled its ‘Climate-Tech Opportunity Map’ – a curated guide spotlighting 25 high-potential ideas to slash India’s carbon footprint. This actionable blueprint targets critical gaps in energy, agriculture, industry and water sectors, combining emissions data with expert insights to highlight scalable solutions.
Developed under SusMafia’s SusVentures program, the initiative connects aspiring entrepreneurs with mentors, investors and pilot partners. “We’re helping climate builders validate ideas faster and access the right networks,” explains Aneesa Patel, SusVentures Co-Founder. The map’s co-creators emphasize its mission: “India needs startups solving the right problems urgently – this bridges the gap between pressing challenges and entrepreneurial action.” By focusing on underserved markets with clear white spaces, the map aims to accelerate viable climate solutions from ideation to market impact.
HKU and CATL Sign Strategic Cooperation MOU
The University of Hong Kong (HKU) and Contemporary Amperex Technology Co., Limited (CATL) signed a strategic cooperation Memorandum of Understanding (MOU) in Ningde, Fujian, on 6 June 2025 to advance comprehensive collaboration.
Leveraging Hong Kong’s international profile and its strengths as a global financial centre, along with the HKSAR Government’s commitment to carbon neutrality, the agreement focuses on three key areas:
Key Areas of Collaboration
• Formulating international zero-carbon policy standards
• Driving zero-carbon technological innovation
• Accelerating the transition to zero-carbon energy
This collaboration combines CATL’s leading expertise in zero-carbon technology with HKU’s research excellence to jointly establish an international platform for industry-academia-research cooperation, fostering global talent development and accelerating innovations to achieve carbon neutrality.
The MOU was signed by representatives from the Zero-Carbon Energy Business Unit (ZEB) of CATL and the International Centre for Climate and Nature (ICCN). The ceremony was attended by Professor Peng Gong, Vice-President and Pro-Vice-Chancellor (Academic Development) of HKU, and Mr. Yingming Wu, Chairman of the Supervisory Board and Ecological Development Committee of CATL. Also present were Professor Guochun Zhao, Academician of the Chinese Academy of Sciences, Professor Jingming Chen, Fellow of the Royal Society of Canada, along with representatives from ICCN and various CATL departments.
Key Areas of Cooperation
• Aligning international zero-carbon policies and standards
• Deepening zero-carbon technological innovation
• Accelerating the global transition to zero-carbon energy
As part of the policy and standardization efforts, both parties will work together to advance international standards for battery carbon footprint accounting.
On the innovation front, ICCN and CATL will integrate the AI-powered Earth Observation for Sustainable Development Platform (iSG) with advanced grid technologies. This will support applications in integrated power sources, smart grids, load management, energy storage systems, and virtual power plants.
For the energy transition, Hong Kong will serve as a model city, piloting scalable zero-carbon solutions across electricity grids, buildings, and transportation sectors. The collaboration will also explore innovative carbon financing mechanisms to support the development of carbon markets and strengthen alignment with international carbon standards.
This partnership represents a significant step forward in creating an ecosystem for academic and industry collaboration aimed at achieving carbon neutrality. By uniting world-class academic institutions and industry leaders, this joint initiative will meaningfully contribute to the global energy transition and carbon neutrality goals, guiding the international community toward a greener, more sustainable, zero-carbon future.
About CATL
Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, dedicated to providing advanced solutions and services for new energy applications worldwide.
In June 2018, CATL was listed on the Shenzhen Stock Exchange (stock code: 300750), and in May 2025, the company was also listed on the Hong Kong Stock Exchange (stock code: 03750). In 2024, CATL ranked No. 1 globally in EV battery consumption volume for the eighth consecutive year and held the top market share in global energy storage battery shipments for four consecutive years. CATL is widely recognized by EV and energy storage partners worldwide.
In 2023, CATL announced its strategic goals of achieving carbon neutrality in its core operations by 2025 and across the entire battery supply chain by 2035, reaffirming its commitment to contributing to the global energy transition.
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