Fossil Fuel

Getting out of fossils

Unless finances are proportionate to the need, the transition to clean energy is a tough proposition, especially in countries where energy affordability is critical

EU mulls banning new gas, diesel cars by 2035 despite divisions

European Union (EU) energy ministers have approved a ban on the production and sale of new cars using traditional fossil fuel engines by 2035

How Vartika Shukla, the first female leader at EIL, is plotting change

Shukla, who's worked for the company for more than three decades, is attempting to change its profile, branching out from construction of fossil-fuel plants into new areas

Climate change insurance: Poor reach, reliance on fossil fuel key issues

India's challenge is that the insurance coverage and penetration vary by lines of business and the low penetration problem is acute

Cutting oil and gas production not healthy, says Shell CEO Wael Sawan

"We've seen of course through 2022 the fragility of the energy system," Sawan said. "To see prices start to skyrocket, that's not healthy for anyone, particularly consumers"

Net zero target: Why 'sustainable economic growth' will elude India

Western reluctance to spend on climate action and the govt's inability to accelerate renewables to power faster economic growth are major hurdles to the net zero target

PM Modi bats for more RE and less fossil fuel or gas-based economy

The PM addressed stakeholders and govt departments in the first of 12 post-Budget webinars by the Centre

No excuse for high methane emissions: Energy agency chief Fatih Birol

The International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming. Economic uncertainty, high energy prices and concerns over security of supply, which would have led to emissions cuts in 2022, were ineffective as methane emissions remained stubbornly high, the report said. Methane cuts are among the cheapest options to limit near-term global warming," said IEA's executive director Fatih Birol. "There is just no excuse. The IEA's annual Methane Gas Tracker found that 75 per cent of methane emissions from the oil and gas sector can be reduced with far cheaper and readily available technologies. Methane, which makes up natural gas, can escape into the air from oil and gas infrastructure. Fossil fuel companies may also flare or burn off excess gas that can release methane into the atmosphere. The report slammed oil and gas majors' refusal to pay up the some USD 100 billion need

Govts spent record $1 trillion last year subsidising fossil fuels

The splash of state cash on energy last year followed climate talks in November 2021 when world leaders pledged to end such subsidies.

Fossil fuel related items contributed 20% to annual inflation rate of India

Fossil-fuel related items -- transport and household energy -- contributed about 20 per cent to India's annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics

Indonesian govt promises move to clean energy, but challenges remain

In Indonesia's region of East Kalimantan, the country's dependence on coal is on full display. Driving on the region's toll road, passersby can watch excavators digging coal from shallow pits as trucks filled with the carbon-rich rocks rush by. Under a bridge in Samarinda, the region's capital, hundreds of mammoth, jet-black mountains of coal sit in barges being pulled along the waterway, headed to plants across Indonesia or other countries. They're sights that Indonesia has pledged to phase out or at least drastically reduce by agreeing to some five schemes with international stakeholders, including the largest-signed USD 20 billion Just Energy Transition Partnership deal. While the deals aim to turn one of the largest coal-producing countries toward its vast greener energy sources, experts warn that financial, policy, infrastructure and other challenges need to be overcome. Indonesia's energy transition is "very unique" because of high economic growth, geography, population ...

India Energy Week: Rising demand for fossil fuel dominated the talks

The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon

Nations reach a common understanding on fossil fuel usage at G20 meeting

The first ever Energy Transition meet in India has seen a consensus emerge on nations needing separate pathways to energy transition

Oil PSUs on the long road to net zero: Can India achieve the goal by 2070?

With India burning more fossil fuel to grow, state-owned refiners are likely to struggle to meet their targets

India vows to remain committed to net zero, yet defends use of fossil fuels

While the Survey documented India's position with respect to carbon emissions, it was silent on a domestic problem caused in part by coal burning: air pollution

$1 trillion green investment matches fossil fuels for first time: Report

Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel production

Being pragmatic about energy sources

The clean energy journey is going to be a messy one, with plenty of missteps, side turns and dead ends before the destination is reached

Global coal consumption set to hit new high this yr despite ambitious goals

Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report

Solar energy generation capacity touches 16,000 Mw in Rajasthan

There is a 925-Mw park and a 750-Mw park in Jaisalmer district

Bill to promote use of non-fossil fuels introduced in Rajya Sabha

A bill that seeks to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass, was introduced in Rajya Sabha for passage on Thursday. The Energy Conservation (Amendment) Bill, 2022, is also aimed at helping the country achieve its international commitments on climate change. The legislation was cleared by Lok Sabha in August this year. Piloting the bill in the Upper House, Power Minister R K Singh said the country is working towards reduction in emissions although its per capita emissions is about one third of the global average. "If we look at the total carbon dioxide load on the environment, our contribution is just 3.4 per cent even as our population is 17.5 per cent of the global population," he said. Yet, the county has emerged as one of the leading nations in energy transition and climate action, he added. "Today our non-fossil fuel power generation capacity is 42 per cent of our total capacity which is around 408 giga watt," he said, adding that t