What’s New at Fitsol
Accelerating Zero-Emission Freight: Fitsol at Gujarat ZET Workshop
Fitsol participated in the Zero Emission Truck (ZET) Workshop in Ahmedabad, organized under NITI Aayog’s e-FAST India initiative. As trucks account for 70% of India’s domestic freight and a staggering 92% of road transport emissions, accelerating ZET adoption is no longer optional, it’s urgent. Backed by the PM E-Drive scheme (₹500 Cr) and growing industry momentum, the workshop will explore strategies to decarbonize freight and strengthen regional readiness. The workshop had government leaders, fleet operators, OEMs, financiers, and sustainability partners in attendance. Fitsol brought its deep expertise in carbon intelligence and EV-linked emissions reduction to the discussion, supporting India’s journey toward net-zero logistics.
Fitsol at NCRBC 2025: Advancing India’s Sustainability Future
Fitsol was proud to be part of the National Conference on Responsible Business Conduct (NCRBC) 2025, organized by the Indian Institute of Corporate Affairs. As ESG and climate regulations continue to reshape India’s corporate landscape, the forum brought together leaders from across policy, finance, sustainability, and technology. At NCRBC, Fitsol contributed to critical discussions around corporate decarbonization, responsible supply chains, and the need for audit-ready ESG systems that align with global frameworks.
On the Agenda: Events & Panels Featuring Fitsol
Upcoming event: FICCI Conference on Navigating CBAM: The Way Forward
Fitsol will be attending the upcoming FICCI Conference on “Navigating CBAM: The Way Forward”, a timely and high-impact event focused on the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Indian industry.
The conference will bring together policymakers, industrial stakeholders, technology providers, and European counterparts to discuss the impact of CBAM on key sectors like steel and aluminium. The agenda includes sessions on monitoring, reporting, and compliance requirements, along with discussions on technology and policy interventions needed to enhance India’s readiness.
Date: July 9, 2025 (Wednesday)
Time: 9:30 AM onwards
Venue: FICCI Federation House, Tansen Marg, New Delhi
Around the World: Trends Shaping Climate & Business
India Proposes Legally-Binding GHG Targets for Industry Under New Carbon Market Framework
The Ministry of Environment has come out with a legally-binding greenhouse gas (GHG) proposal emissions target proposal. This is for more than 460 industrial units as part of India's first compliance-based carbon market. The draft has been titled as Greenhouse Gas Emission Intensity Target Rules, 2025, and these form a key part of the Carbon Credit Trading Scheme, 2023. These are foundational efforts made to speed up decarbonisation in industry. Industries such as aluminium, steel, petrochemicals, petroleum refining and textiles will be expected to reduce their Greenhouse Gas Emissions Intensity (GEI). The industries would be given the option to cut emissions or buy carbon credits. Companies that exceed their reduction targets will earn carbon credit certificates that can be sold in the Indian Carbon Market. Those that fall short will be required to purchase credits to cover the gap.
Source: NDTV
EU to Compensate Exporters for Carbon Costs under CBAM Revenues
The European Commission has announced a compensation scheme for EU industries exporting to markets without carbon pricing, using revenue from its Carbon Border Adjustment Mechanism (CBAM). This aims to prevent industry relocation due to Europe's ambitious climate targets and level the playing field for exporters. The system is expected to begin in 2026 with €70 million in compensation and could grow to €2.1 billion by 2030. For Indian exporters, this underscores the importance of compliance-ready carbon reporting and alignment with EU climate policy.
Source: Reuters
High-Flyers to Pay More: Global Jet Tax Initiative Launched to Fund Climate Goals
As part of a broader push to finance climate resilience and sustainable development, an eight-country coalition - France, Spain, Kenya, Barbados, Somalia, Benin, Sierra Leone, and Antigua & Barbuda, has announced a global initiative to tax premium air travel and private jet use. The move was announced at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain. Part of Seville Platform for Action (SPA), this initiative is aligned with the goals and objectives of the Global Solidarity Levies Task Force, created under the Pact for Prosperity, People and Planet (4P) at COP28. It is expected to align a high-emissions industry such as aviation with climate financing goals.
Source: ESG News
EU Sets Ambitious 2040 Climate Target with Industry-Focused Flexibility
The European Commission has proposed a landmark amendment to the EU Climate Law, aiming for a 90% reduction in net greenhouse gas (GHG) emissions by 2040 compared to 1990 levels. This move marks a critical step toward the EU’s 2050 climate neutrality goal. Key features of the proposal include the use of international carbon credits and permanent carbon removals, making the path to decarbonization more flexible and investment-friendly. It aligns with the Clean Industrial Deal, offering tax incentives, state aid, and a simplified CBAM to support energy security and industrial competitiveness. Strategically, the target reinforces the EU’s leadership under the Paris Agreement and sets the tone for COP30, with a clear focus on attracting sustainable capital and shaping global climate standards.
Source: ESG News
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