NADI, Fiji : Australia will donate A$500 million ($339 million) to Pacific Islands for renewable energy projects and to help its neighbours prepare for the impact of climate change, Prime Minister Scott Morrison said on Monday. The low-lying islands of the Pacific are seen as the front line of global climate change, battling rising sea […]
Why electricity supplied to Electric Vehicles in India is not so green
Depending on country’s electricity-generation sources, electric vehicles are largely not emissions-free in most of the countries. Electric Vehicles (EVs) seemed like a solution to growing pollution by emissions and heavy oil imports. The Union Budget 2019 by the NDA-led government has tried to promote both the indigenous manufacturing of EVs and purchase benefits with tax […]
Economic Survey: Fossil fuels, coal to remain an important source of energy
This comes after India making huge strides in ramping up renewable energy capacity and improving energy efficiency through various policy initiatives New Delhi: The Economic Survey 2018-2019 tabled in Parliament on Thursday said India would continue its reliance on fossil fuels, especially, coal in the coming future for meeting its energy requirements. This comes after […]
Coal will still meet nearly 50% of India’s energy needs in 2030 despite focus on renewables
A mismatch between peak periods of demand and output from renewables means coal will remain the primary energy producer, a report by the Central Energy Agency states. New Delhi: Coal may account for half of India’s power generation in 2030 despite a boom in solar and wind energy projects, according to analysis by the country’s […]
Solar Industry Pushes for ITC Extension After Trump’s Coal-Rule Rollback
The Trump administration’s coal-friendly ACE rule is unlikely to impact the solar market. But an ITC extension could help restore federal climate leadership. Calls for an investment tax credit extension (ITC) are intensifying in some quarters of the U.S. solar industry in the wake of a federal rule designed to buoy coal-fired generation. Last week […]
Why India should turn the page on its coal future
India’s support to coal artificially prolongs the life of a sector that is too costly — financially, for health and for the climate India’s coal story is long and complex. It spans across the political, economical and environmental canvases of the country. However, new times call for new thinking. With record capacity additions and investments […]
NTPC inks two agreements with PNB for Rs. 650 crore
NTPC’s joint venture firm NSPCL has inked two agreements with Punjab National Bank (PNB) for Rs. 650 crore for financing two projects. The agreements are for part financing of two of its under-construction projects at Durgapur (2X20 MW) for Rs. 100 crore and Rourkela (1X250) for Rs. 550 crore. NSPCL is a joint venture of […]
Southern Asia urged to wind down coal to keep warming in check
KUALA LUMPUR: Countries in South and Southeast Asia must end their reliance on coal power plants and switch to clean energy in order to meet pledges to curb climate change and tackle air pollution, researchers said on Thursday. A study from Perth-based think tank Climate Analytics warned that failure to do so threatened a global […]
OPINION: Coal price slump in Asia even as demand grows shows supply is the issue
Coal prices in Asia, especially the benchmark thermal grade at Australia’s Newcastle Port, have come under pressure in recent weeks, even as coal exports have actually been rising LAUNCESTON, Australia: Whenever coal prices decline it’s tempting for those opposed to the polluting fuel to think that demand is falling amid a move to cleaner renewable […]
Europe’s Surging Carbon Price Is Helping to Speed the Demise of Coal Plants
Germany could be Western Europe’s only coal-burning country left by 2030, thanks in part to a rocketing EU carbon price. Adverse economic conditions are driving coal out of European energy markets even faster than previously thought. The rout is so complete that by 2030 Germany looks to be the only major market in Northern, Western […]