Page 3 - Fossil Fuel

India to have over 65% power capacity from non-fossil fuels by 2030: Singh

India will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030, Power and New & Renewable Energy Minister RK Singh said on Monday. Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil fuels but the country will have more than that. India will have 90 GW of solar equipment manufacturing capacity by 2030, up from 20GW at present, he added. He also informed that about 15-20 GW of solar equipment manufacturing capacity is under construction and India will have 40 GW of such facilities under Production-Linked Incentive Scheme-II (PLI-II). The minister also urged the industry player to shift to the manufacturing of high-efficiency solar equipment. He stated that the country has already 170 GW of renewable energy (including large hydro), while another 80 GW is under construction. India has planned to have 500 GW of renewable energy by 2030. "We will not just reac

Climate activists throw soup on Van Gogh's 'Sunflowers' in National Gallery

The activists, who are a part of a group called "Just Stop Oil" wants the British government to halt new oil and gas projects

Centre to soon waive compensation cess on coal gasification: Report

After the removal of cess, the cost of producing methanol is expected to come down by Rs 800-900 per million tonnes

Energy crisis shows gasoline demand declining, renewables on the rise

With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever

Indonesia's plan to shut coal plants over next 30 yrs struggles for support

The Southeast Asian country plans to eliminate 15 Gigawatt of coal-generation over that time, requiring more than $600 billion of capital support, said Erick Thohir

Fracking giant Liberty Energy says fossil fuels to rule for decades

"We're investing a lot of money in some new energy technologies; some of this is great, but it's not an energy transition," Wright, chief executive officer at Denver-based Liberty Energy said

India aiming at 50% non-fossil fuel energy by 2030: PM Modi in Gandhinagar

Prime Minister Narendra Modi on Sunday reassured the world that by 2030, 50 per cent of India's energy production will be met by non-fossil fuel, and by 2070 it plans 'Net Zero'

Prince William's charity invests in world's biggest backers of fossil fuels

The conservation charity founded by Prince William, second in line to the British throne and who launched the Earthshot Prize, keeps its investments in a bank that is one of the world's biggest backers of fossil fuels, The Associated Press has learned. The Royal Foundation also places more than half of its investments in a fund advertised as green that owns shares in large food companies that buy palm oil from companies linked to deforestation. The earth is at a tipping point and we face a stark choice, the prince, a well-known environmentalist, is quoted saying on the websites of the Earthshot Prize and Royal Foundation. Yet in 2021, the charity kept more than 1.1 million pounds (USD 1.3 million) with JPMorgan Chase, according to the most recent filings, and still invests with the corporation today. The foundation also held 1.7 million pounds (USD 2 million) in a fund run by British firm Cazenove Capital Management, according to the 2021 filing. As with JPMorgan, it still keeps f

India's self-reliance ambition in energy sector faces rising import hurdle

During the financial year 2021-22, India's petroleum imports was around 23.8 per cent of its gross imports and the country was dependent on imports for 86 per cent of its crude oil requirement

More emissions reduction targets will help Indian fossil fuel giants: IEEFA

Global green capital presents a multi-billion-dollar opportunity for Indian power sector giants such as NTPC and Tata Power to fund their clean energy transitions.

Lok Sabha passes bill to promote use of ethanol, green hydrogen & biomass

The bill is aimed at helping the country achieve its international commitments with respect to climate change goals

Amended Energy Conservation Bill seeks to build carbon credit market

Will also embrace green fuels, industrial energy efficiency

Exponent Energy partners Altigreen to bring rapid charging for electric-CVs

The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network

Indian Oil targets green hydrogen meeting 10% of requirements by 2030

Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive

Global energy crisis hastening end of fossil fuel dominance, says India

Renewables paired with energy storage are now cheaper than coal after the fuel's price surged in recent months, while fossil sources are also experiencing a lack of investment, RK Singh said

World energy crisis would be even worse without China's rainy season

Hydro is still China's biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although growth has flattened as topography limits expansion

India needs Rs 4-trn investment for 113 GW RE projects in pipeline: Report

According to the report titled 'Accelerating India's Clean Energy Transition', about 103 GW of utility-scale renewable power generation projects are in the pipeline in India

G7 nations agree to decarbonize energy sector by 2035: German Minister

The G7 has also agreed to stop financing fossil fuel projects by 2025, the minister said, calling the decision "extremely important.

WEF 2022: How to get more energy security, reach zero-carbon independence

When efficient machines operate within efficient systems, the result is digitized energy efficiency

EU lays plan to end by 2027 bloc's reliance on Russian oil and gas

The EU got 22 per cent of its gross final energy consumption from renewable sources like wind, solar and biomass in 2020