Page 5 - Fossil Fuel
India's transition from fossil-fuel to green economy on track: Hardeep Puri
India is on the right track as far as its transition from a fossil-fuel based economy to a green one is concerned, Hardeep Puri said
 "India's transition from fossil-fuel to green economy on track: Hardeep Puri")
Did India fail COP26 or take a step forward in the right direction?
COP26 climate summit ended with India and China forcing an replacement of the word 'phase-out' with 'phase-down' in relation to coal in the final draft. What was behind India's move? Let's find out
 "Did India fail COP26 or take a step forward in the right direction?")
After COP26, UAE energy summit stresses on investment in fossil fuel
Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production
 "After COP26, UAE energy summit stresses on investment in fossil fuel")
India's last-minute coal defense at COP26 hid role of China, US
A dramatic process of revision to the final text unfolded in the closing minutes of talks on Saturday
 "India's last-minute coal defense at COP26 hid role of China, US")
Glasgow COP26: Climate deal sealed after late drama over coal
New draft retains call for reduced fossil fuel subsidies; poor nations seek funds to tackle climate change
 "Glasgow COP26: Climate deal sealed after late drama over coal")
Leading the climate charge: India sets hard targets at COP26
Financial modelling of climate risks needs to be strengthened and supervisory tools for a more rigorous analysis of climate risks from businesses need to be reinforced
 "Leading the climate charge: India sets hard targets at COP26")
New COP26 draft declaration waters down calls to end fossil fuel use
The COP26, which is due to conclude on Friday, is seen as the world's last chance to reach meaningful commitments to fulfil the goals set out by the 2015 Paris Agreement
 "New COP26 draft declaration waters down calls to end fossil fuel use")
India's heavy reliance on fossil fuels will remain for some decades to come
Despite attempts to cast India as climate conscious, the country's heavy reliance on fossil fuels will remain for some decades to come
 "India's heavy reliance on fossil fuels will remain for some decades to come")
COP26: 'End of coal is in sight' as more than 70 nations join new pact
The British government said on Wednesday it expected 190 nations and organisations to sign the non-binding pledge
 "COP26: 'End of coal is in sight' as more than 70 nations join new pact")
Glasgow COP26: Financiers with $130-trillion purse make climate vows
An announcement made at the COP26 UN climate conference in Scotland commits its over 450 signatories to assuming a "fair share" of the effort to wean the world off fossil fuels.
Inter-ministerial coordination needed for higher RE investments: Experts
India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector
 "Inter-ministerial coordination needed for higher RE investments: Experts")
Fossil fuel divestment campaign gathers momentum in philanthropy
The worldwide divestment campaign has sought commitments from universities, corporations and other entities
 "Fossil fuel divestment campaign gathers momentum in philanthropy")
Investors in fossil fuels announce plans to divest $39.2 trillion
About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels
New Asian gas projects create $379 bn stranded asset risk: Report
A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets
 "New Asian gas projects create $379 bn stranded asset risk: Report")
China targets more than 80% non-fossil energy use by 2060
The measures are part of China's larger plan for achieving peak carbon emissions and reaching net-zero by 2060
Fossil fuel plans evade Paris limits, says UNEP report
Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production
 "Fossil fuel plans evade Paris limits, says UNEP report")
Fossil fuel plans would far overshoot climate goals, says study
The disparity between climate goals and fossil fuel extraction plans termed the production gap will widen until at least 2040, the report found.
 "Fossil fuel plans would far overshoot climate goals, says study")
EU proposes tax breaks, caps to shield users from energy rally
The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic
 "EU proposes tax breaks, caps to shield users from energy rally")
Global climate action: Indian banks need to accelerate green financing
Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects
 "Global climate action: Indian banks need to accelerate green financing")
Fossil fuels can still see a price boom in the decarbonisation era
The current price spike has multiple sources
 "Fossil fuels can still see a price boom in the decarbonisation era")
