New York: Building a global coalition for carbon neutrality by mid-century will be the UN’s “central objective”, the world body’s top official told a conference on climate action on Monday. “All countries need credible mid-term goals and plans that are aligned with this objective”, Secretary-General António Guterres said, addressing the virtual COP26 Roundtable on Clean […]
Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay
WASHINGTON/NEW YORK: Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected. That vision, however, would require policy makers and clean-energy companies to overcome some major challenges in replacing […]
Biden’s $2 trillion climate plan aims to reframe debate
Biden’s proposal on Tuesday didn’t go as far as some measures in the Green New Deal, the sweeping proposal from progressives in Congress that calls for achieving net-zero greenhouse gas emissions across the economy by 2030 WILMINGTON: Joe Biden released a $2 trillion plan on Tuesday to boost investment in clean energy and stop all […]
Coronavirus crisis can trigger collapse of $25 trillion fossil fuel industry
The coronavirus crisis can cause $25 trillion fossil fuel industry collapse by accelerating a terminal decline for the world’s most polluting companies. A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the crisis has hastened the peak for oil, gas and […]
Covid a blessing in disguise for electric mobility: Hero Electric CEO
Hero Electric’s CEO also believes that the startups associated with electric and sustainable mobility will get through the crisis with signs of normalcy reappearing NEW DELHI: Coronavirus crisis could be an opportunity in disguise for sustainable mobility to flourish in India, thinks Sohinder Gill, director general of SMEV. In an exclusive interview to TOI, Gill […]
Southeast Asia may become net fossil fuel importer in coming years
SINGAPORE : Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report. This comes despite expectations of slower growth in the region’s energy demand as economies shift towards […]
India to Build Solar, Wind Farms Along Pakistan Border in Bid to Reduce Carbon Footprint
Mired in an economic slowdown, the government has tripled spending over the last three years as part of its push to cut down the use of oil and coal. Mumbai: India plans to build a string of renewable energy projects along its sun-baked, wind-whipped western border, officials said Monday, as New Delhi continues an ambitious […]
PM Modi vows to more than double India’s non-fossil fuel target to 450GW
UNITED NATIONS : Prime Minister Narendra Modi on Monday gave a clarion call for a “global people’s movement” to bring about a behavioral change to deal with climate change as he made a path-breaking pledge to more than double India’s non-fossil fuel target to 400 gigawatts. In his Independence Day speech, Modi had announced that […]
Indian Oil Corporation to invest Rs 25,000 cr in green energy
Rising environmental concerns are increasingly swaying government energy policies across the globe, prompting energy companies to invest in greener options. New Delhi: Indian Oil CorporationNSE -0.95 % (IOC), the nation’s largest refiner and fossil fuel retailer, plans to invest Rs 25,000 crore in green energy projects, including solar and wind power plants, bio-fuels plants, and […]
Solar, onshore wind costs set to fall below new fossil fuel energy: report
LONDON: Electricity generated by onshore wind and solar photovoltaic (PV) technologies will in the next year be consistently cheaper than from any fossil fuel source, a report showed on Wednesday, boosting the case for energy sources that don’t emit carbon. The trend for cut-price renewable energy is already set but the report by the International […]
