Page 4 - Fossil Fuel

India's dependence on coal based power is proving to be very expensive

The situation cries out for more global investment in India to retire coal, buy out existing contracts, compensate affected communities and switch to renewables

COP26 prez draws flak for supporting investment by oil and gas companies

Days after the developed world sought to belittle India for continued oil imports from Russia, COP26 president Alok Sharma's endorsement of a letter by UK's Secretary, Business, Energy & Industrial Strategy on Sunday came under severe criticism from all quarters for encouraging fossil fuel going against his role of head of the climate negotiations conference.

Centre to set up renewable energy power plant in Andaman & Nicobar Islands

With an aim to provide stable and clean power supply to the Andaman & Nicobar Islands, the Ministry of Home Affairs will set up a renewable energy-based power supply project with Japanese aid.

Act now on fossil fuels to meet 1.5 degrees Celsius target: IPCC report

According to the report, to achieve the 1.5 degrees Celsius target, the world must reduce annual carbon dioxide emission by 48 per cent by 2030, and reach net zero by 2050

IPCC report stark reminder to developed nations to become net-zero: Experts

According to the report, human emissions over this past decade have been the highest in history

Fossil fuel backers overshadow MENA climate change talks in Dubai

A flurry of summits this week across Dubai addressed the threat of climate change, or at least acknowledged that a pivot away from fossil fuels toward cleaner sources of power is needed

Dutch bank ING to end financing for new oil and gas projects, say executive

The move by financial services firm raises pressure on peers to heed a call for a halt to funding for new fossil fuel projects.

Lessons from Ukraine crisis

It's time to cushion India from the same 'oil shock' story

Explained: Why Japan's power sector depends so much on LNG

Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia's oil and LNG after Moscow's invasion of Ukraine

Pralhad Joshi urges CIL to achieve production targets for FY22, FY23

Coal India, accounts for over 80 per cent of domestic coal output, has a production target of 670 million tonnes for the 2021-22 financial year

'Survival of certain Coal India subsidiaries at stake without price hike'

In an effort to tide over inflationary pressure, the miner will likely raise prices after the assembly elections in five states, including Uttar Pradesh, in March, the sources said

India to replace diesel by renewable energy in agriculture by 2024: Govt

Union Power Minister R K Singh on Friday said that India will achieve zero-diesel use in agriculture and replace the fossil fuel with renewable energy by 2024. The minister held a virtual meeting with the officials of the Ministry of Power and Ministry of New & Renewable Energy, Additional Chief Secretaries and Principal Secretaries of Power or Energy Departments of states & UTs to discuss their role in achieving India's energy transition goals and meeting climate commitments. The minister asserted that India will replace diesel with renewables to achieve target of zero-diesel use in the agricultural sector by 2024, a power ministry release stated. Addressing the meeting, Singh stressed the need for collaborative efforts between the Central and State Governments towards the large-scale deployment of energy efficiency measures in potential sectors of the economy. He emphasised the need to have a state-specific agency dedicated for energy efficiency and conservation. He urged ...

Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction

BS Ispat Ltd emerged as the highest bidder for Majra mine in Maharashtra, Assam Mineral Development Corporation bagged Garampani coal block in Assam

Price tag of a liveable climate is $9.2 trn per year, says McKinsey

The research identified 44 U.S. counties where more than 10% of jobs depend on fossil-fuel industries or carmakers

Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden

Norway's Yara and Sweden's Lantmaennen will next year introduce products that could eventually become the world's first fossil-free nitrogen fertilisers, the companies said

Central govt's push to phase out kerosene still a 'work in progress'

For now, most states still seek kerosene allocations

US govt to stop financing carbon-intense fossil fuel projects overseas

The policy defines "carbon-intensive" international energy engagements as projects whose greenhouse gas intensity is above a threshold lifecycle value of 250 grams of carbon dioxide per kilowatt hour

Green Electricity can become the cheapest energy by 2050, says study

Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world's energy supply by mid-century, a study finds

Thermax bags order worth Rs 830 crore to set up FGD systems

Thermax on Wednesday said it has bagged a Rs 830 crore order to set up flue gas desulphurisation systems for a private power company. FGD systems will be installed to cut down SOx emissions and comply with the air quality standards set for fossil fuel based power plants. "Thermax Limited has concluded an order of Rs 830 crore from an Indian power private sector company to set up flue gas desulphurisation (FGD) systems for their three units of 660 MW capacity each in the state of Uttar Pradesh," a company statement said. MD & CEO Ashish Bhandari said, "Our proven technological capabilities in the area of air pollution and gaseous abatement, especially FGD, where we are already executing a few large orders, led to this competitive win." In addition to supporting the customer in meeting statutory compliance related to industrial pollution norms, the project reinforces the company's commitment to the environment, he added. The scope of project includes design, engineering, ...

Global bull-run in fossil fuels may be peaking out for now, glut seen ahead

Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment