IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy
Trial run on 3 routes to begin this quarter
Donald Trump's push for fossil fuel dominance through his 'drill, baby, drill' approach endangers global climate efforts and hits vulnerable developing nations the hardest
The re-elected populist leader has threatened tariffs against a number of nations that have trade surpluses with the US
Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Governor Kathy Hochul. The new law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid future damage from climate change. Lawmakers approved the bill, signed on Thursday, earlier this year to force big oil and gas companies to contribute to the cost of repairs after extreme weather events and resiliency projects such as coastal wetland restoration and upgrades to roads, bridges and water drainage systems. The Climate Change Superfund Act is now law, and New York has fired a shot that will be heard round the world: the companies most responsible for the climate crisis will be held accountable," said state Senator Liz Krueger, a Democrat who sponsored the bill. The planet's largest climate polluters bear a unique responsibility for creating the climate crisis, a
China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is sufficiently supplied
TKIL Industries on Tuesday said that it has acquired a stake in Swiss company Sohhytec SA, which will give it access to a technology for producing green hydrogen directly from solar energy. TKIL, formerly known as Thyssenkrupp Industries India, can produce pressurised hydrogen and also set up the infrastructure which will be required to store and fill up vehicles, the company's chief executive Vivek Bhatia said. "We are already in conversations with OMCs (oil marketing companies) and we are giving our first proposals on what a hydrogen based retail facility will look like," Bhatia said. Automobile companies have already created the necessary engines to make it possible for vehicles to run on hydrogen, Bhatia said, pointing to a particular model commercially launched by a Japanese automaker and added that heavy vehicles will also benefit from its usage. Declining to disclose the stake bought in the Swiss company or the money invested for buying exclusive rights for the technology in
India cannot address the problem of pollution without reducing import of fossil fuels, Union Minister Nitin Gadkari said on Wednesday. Addressing 'Times Drive Green Conclave & Awards 2024' event, Gadkari further said a bio-fuel economy is very import today and it is in good position in India. He said 40 per cent of air pollution in the country is because of the transport sector. "Pollution is a big concern in India.. without reducing import of fossil fuels, we cannot reduce pollution in the country. In the transport sector, we need to find out alternative for fossils fuels... We need to develop sustainable development model," Gadkari said. The road transport and highways minister also noted that India is facing problems in the agriculture sector due to surplus production of wheat, rice and sugar. In this context, he said the government has taken decision to diversify agriculture into energy sector. "Today there are 400 projects in Punjab, Haryana, and Maharashtra where they are ..
The study says that natural gas will dominate fossil fuel demand, gradually replacing petroleum products
India and the European Union (EU) have finalised an extensive roadmap for the green hydrogen sector that includes development of infrastructure, technology cooperation and boosting supply chains. The two sides deliberated on ways to enhance cooperation in the sector at the 10th meeting of the India-EU Energy Panel held on Thursday in Brussels. At the meeting, a "work plan" was adopted for the third phase of the India-EU Clean Energy and Climate Partnership 2025-28, which will focus on deeper cooperation in five priority areas, according to the Ministry of External Affairs (MEA). The priority areas are green hydrogen, offshore wind energy, regional connectivity, electricity market integration and smart grids, energy efficiency, and energy and climate diplomacy. "The two sides have set out an extensive agenda for green hydrogen cooperation, which includes assessing infrastructure development feasibility, regulatory and technology cooperation, and strengthening of supply chains," the
Investors are rewarding oil giants that did not embrace wind and solar
French energy giant TotalEnergies and state-owned Oil India Ltd (OIL) signed a cooperation agreement to carry out methane emissions detection and measurement campaigns at the Indian firm's sites. The two will use TotalEnergies' pioneer AUSEA technology, the French firm said in a statement. OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies' CEO. The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress. "In line with the OGDC's principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets," the statement said. Mounted on a drone, the AUSEA gas .
Opposing curbs on hydrocarbon investments, India has called for expanding decarbonization efforts and increasing renewables
President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty Energy, is a vocal advocate of oil and gas development, including fracking, a key pillar of Trump's quest to achieve US "energy dominance" in the global market. Wright has won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump's first term. Hamm helped organise an event at Trump's Mar-a-Lago resort in April where Trump reportedly asked industry leaders and lobbyists to donate USD 1 billion to Trump's campaign, with the expectation that Trump would curtail environmental regulations if re-elected. Wright has been one of the industry's loudest voices against efforts to fight clim
Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023
The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth
The minister said there are "robust discussions" among state-owned and private refiners to scale beyond 310 mtpa, which might be achieved even before the targeted 2028
India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated 'remove', 'target', and 'shift' approach, the Asian Development Bank (ADB) said in a new report. "By carefully balancing the combined effect of three key policy levers - retail prices, tax rates, and subsidies on selected petroleum products - the country was able to reduce its fiscal subsidy in the oil and gas sector by 85 per cent, from an unsustainable peak of USD 25 billion in 2013 to USD 3.5 billion in 2023," it said. In its 'Asia-Pacific Climate Report', ADB said India gradually phased out the subsidy on petrol and diesel (from 2010 to 2014) and carried out incremental tax increases (from 2010 to 2017), which created fiscal space to increase government support for renewable energy, electric vehicles, and strengthening of electricity infrastructure. "The additional tax revenues from increases in excise duty on petrol and diesel from 2014 to 2017, a period of low international crude o
The global carbon black market is expected to grow by 50 per cent to touch USD 42 billion by 2032, industry body Asia-Pacific Carbon Black Confederation (APCBC) said on Wednesday. The carbon black industry is currently valued at around USD 28 billion, Amit Choudhary, Chairman International Advisory Committee, APCBC said in a statement. "The carbon black industry is expected to grow to USD 42 billion by 2032, offering substantial opportunities, particularly in the Asia-Pacific region, which remains a key driver of growth," he said. The global tyre industry is projected to invest USD 27.3 billion between 2023 and 2028, with India contributing USD 1 billion through new projects, Choudhary who is also the Executive Director of Himadri Speciality Chemical said. The global carbon black industry is entering a new phase, with accelerating demand in emerging markets like India and across the Asia Pacific region, he said noting India is also increasing its exports to the EU and North America
India should aim to set up large-size methanol plants to reduce the import of fossil fuels, Niti Aayog member VK Saraswat said on Wednesday. Saraswat further said India's dependence on thermal power plants will decrease in the future, so the country will have to make sure that the industry comes to manufacture methanol. "Methanol is a clean fuel...We should aim to set up large-size methanol plants in the country," he told reporters here. Saraswat said methanol can also be used as fuel in heavy commercial vehicles. Cochin Shipyard Limited (CSL) has been given an order by a foreign company to build a ship which will run on methanol, he said. Saraswat also informed that Niti Aayog will host the second international methanol seminar and expo 2024, a two-day event on October 17-18, 2024, at the Manekshaw Centre, New Delhi. According to an official statement, the Methanol Economy in India was started in September 2016 when Niti Aayog, in collaboration with Methanol Institute, USA, orga