World's Green Energy Market

There is no unified global energy market and energy security is no longer global, Russia's powerful oil executive Igor Sechin said amid talk for countries coming together to check volatility in prices and ensure smooth transition to net zero. Speaking at the India Energy Week here, Sechin, chief executive of Rosneft, said all principles of market trading have been destroyed and market pricing and contract law abolished. Russia was slapped with sanctions by some Western countries following the war in Ukraine. Some countries in Europe stopped buying contracted natural gas. Russian crude oil was shunned, leading to it being traded at a discount to international rates. This meant that while all major benchmark crude oil moved in a particular fashion, Russian crude was traded at discounts as high as USD 40 per barrel. "There is no unified global energy market, and energy security is no longer global," he said. Russia, he said, achieved more significant results than many of the world's

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve a 450 gigawatt (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030

Business Standard talked with Rahul Munjal, Chairman & managing director, Hero Future Energies to understand the impact of Covid, recent G7 decisions and way forward for the sector. Tune in for more

First, concerns over environmental degradation are very real in China, owing to issues such as air, food and water pollution, and should be acknowledged