In FY19, subsidies for oil, gas and coal amounted to Rs 83,134 crore, compared to Rs 11,604 crore for renewables and electric mobility In FY 2014, fossil fuel subsidies have fallen by more than half, largely driven by falling world oil prices and policy reforms to diesel and kerosene pricing, while subsidies for RE and […]
ReNew Power’s Sumant Sinha Doesn’t See Long-Term Impact From Cheaper Fossil Fuels
While the drop in prices of fossil fuels, particularly coal and gas, does pose a challenge to the renewable power industry in the short term, according to ReNew Power’s Sumant Sinha said there won’t be a long term impact. Oil prices fell as Covid-19 outbreak hurt demand. Brent Crude further spiralled down after the breakdown […]
India has contributed least to global warming, still very responsible on fossil fuels: Goyal
Davos : Union Minister Piyush Goyal on Tuesday said India has contributed the least to global warming but is still being very responsible on fossil fuels, while the western world is not doing enough even after accounting for more than half of the carbon emissions. Speaking here at the World Economic Forum (WEF) annual meeting, […]
BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk
The world’s largest asset manager predicts a “fundamental reshaping of finance” as the climate threat comes into sharper focus. In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. […]
Britain’s zero-carbon power outstrips fossil fuels in 2019
Britain, the birthplace of coal power, produced more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time in 2019, National Grid said on Wednesday. Having built the world’s first coal-fired power plant in the 1880s, coal became Britain’s dominant electricity source and a major economic […]
Evaluating Saudi Aramco’s Green Investments Ahead of Its IPO
Saudi Aramco is a big backer of renewables (as long as the investments help it extract more oil). Investors in Saudi Aramco’s upcoming IPO could be purchasing a stranded asset if the oil behemoth sticks to its guns on fossil fuels. Despite Saudi Arabia’s big plans for solar and Aramco’s own impressive spend on renewables, […]
Beyond Fossil Fuels: Fiscal Transition in BRICS
Beyond Fossil Fuels: Fiscal Transition in BRICS For more information please see below link: Source : iisd.org
Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border
The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change NEW DELHI: […]
16 inventions getting us off fossil fuels and into renewable energy
Much of the world’s energy is sourced from fossil fuels. Several innovators and companies have developed inventions to help get the world off of non-renewable energy. For example, the HomeBiogas 2.0 turns food waste into gas, producing up to three hours of cooking gas. Source: businessinsider.in
India’s Investment in Renewable Resources Not Enough
India needs to make an annual investment of more than Rs 1.77 lakh crore ($25 billion) every year for 10 years to reach its target. India’s national climate action plans, known in UN parlance as nationally determined contributions (NDCs), under the Paris Agreement set three major goals – to increase the share of non-fossil fuels […]