In Short : Leaders from COP31 co-host nations highlighted renewable energy as essential to protect economies from fossil fuel price volatility. Expanding clean energy can stabilize costs, enhance energy security, and reduce dependence on imports. Their message reinforces the global push toward sustainable energy systems as a safeguard against future energy shocks and economic uncertainty. […]
Hydrogen Mission needs solid implementation – EQ Mag
Eco push. For creating demand for green hydrogen, a combination of competitive procurement and subsidy is needed The National Green Hydrogen Mission is highly ambitious. The goal is ‘to make India the Global Hub for production, usage and export of Green Hydrogen’ and ‘to assume technology and market leadership’. The production of 5 million tonnes […]
‘Fossil fuel contributed 20 per cent to India’s annual rate of inflation’ – EQ Mag
Fossil-fuel related items — transport and household energy — contributed about 20 per cent to India’s annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics At that time, India’s annual inflation rate (CPI) was between seven and eight per cent. The report highlights that between January 2021 and August […]
Solar panel unit in TN would help India reduce dependence on fossil fuel: US envoy – EQ Mag
Chennai : The solar panel manufacturing facility of First Solar Inc, set up with the support of the United States near here would help India meet its climate target and reduce dependence on fossil fuels, US Mission India Charge d’Affaires Ambassador A Elizabeth Jones said on Thursday. The facility being set up with the USD […]
$30/tonCO2 minimum carbon price needed to bring forward fossil fuel phase out and accelerate renewables deployment in Japan – EQ Mag Pro
Political will is vital to make the required policy changes happen LONDON : Amidst an energy crisis and a power supply crunch, today the Japanese power sector is experiencing unprecedented stress owing to its deep dependence on fossil fuels. The country, in addition to adopting a 2050 carbon neutrality target has recently subscribed to a […]
Replacement of fossil fuel with renewable energy needs perpetual investment US expert
Jammu : The replacement of fossil fuel with renewable energy not only needs perpetual investment but also change in the investment decisions, US-based expert Prof John H Perkins said on Friday. He was speaking at the Prof David Pimentel Memorial Lecture during the ongoing three-day Indian Ecology International Conference on “sustainable agricultural innovations for resilient […]
Solar glass maker sees fossil fuel crunch boosting renewables – EQ Mag Pro
‘The sense of urgency to install renewables is very high, and solar is perhaps the easiest and simplest,’ Executive Chairman Pradeep Kheruka said. Borosil Renewables, India’s top solar glass maker, is planning a more than five-fold jump in production on expectations that soaring global fuel prices will accelerate a shift to renewables. “The sense of […]
Buses are expected to operate around 4.71 billion kilometers over 12 years saving 1.88 billion liters of fossil fuel – EQ Mag Pro
The buses are expected to operate around 4.71 billion kilometers over 12 years saving 1.88 billion liters of fossil fuel. This will result in 3.31 million tonnes of CO2e from tailpipe emissions, a major step towards mitigating #climatechange.
Fossil fuel industry can’t rely on carbon capture and bioenergy to save its assets – EQ Mag Pro
Fossil fuel power sources producing the equivalent of ten times the global electricity production in 2018 (267 PWh) will become unusable if global heating is to be kept below 2 °C, even if carbon-abatement technologies such as carbon capture and storage, bioenergy, and coal-to-gas conversions are deployed at scale, new research has revealed. At COP26, […]
Cost of Capital Spikes for Fossil-Fuel Producers – EQ Mag Pro
Ten years ago, the “cost of capital” for developing oil and gas as compared to renewable projects was pretty much the same, falling consistently between 8% and 10%. But not anymore. The threshold of projected return that can financially justify a new oil project is now at 20% for long-cycle developments, while for renewables it’s […]