Saint-Gobain finds natural fit with low-carbon construction

Saint-Gobain, which has been in India for a quarter century, is now anticipating more pep in its sales from India. It is ratcheting up its capacity and making its manufacturing process low-carbon. A billion dollars – roughly two-thirds of its turnover in 2022 – is going into this investment plan for the period 2021 to

Oil demand may take a dip in transport sector by 2050

According to DNV’s latest Transport in Transition report, electricity’s share in transport will grow from the existing 1% to 23% in 2050. The report draws on DNV’s system dynamics-based Energy Transition Outlook model and explores the vast changes in fuels, electricity and infrastructure needed to transport ever-larger numbers of people and volumes of freight while

Juniper, Evergreen, SJVN, and Blupine emerge as winners of wind auction

Juniper Green Energy, Evergreen Renewables, SJVN Green Energy, and Solarcraft Power India (Blupine Energy) emerged winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 500 MW of grid-connected wind projects (Phase V). Juniper Green Energy won 70 MW by quoting ₹3.11 (~$0.038)/kWh. Evergreen Renewables bagged 30 MW by quoting ₹3.17 (~$0.039)/kWh, and

Netzero authority introduced in Australia

The federal government announced that it would legislate a national NetZero Authority to ensure the workers, industries, and communities that have powered Australia for generations can seize the opportunities of Australia’s netzero transformation. The Authority will have responsibility for promoting the orderly and positive economic transformation associated with achieving net zero emissions, supporting workers in

Solar generation capacity to overcome thermal by 2030: CEA

The Central Electricity Authority (CEA) has estimated that India’s solar capacity at 292.6 GW will surpass the thermal generation capacity of 276.5 GW (251.7 GW of coal and 24.8 GW of gas) by the financial year (FY) 2029-30. The Authority released the estimates in a report on the optimal generation capacity mix for the country.

Indian industry may get impacted by EU carbon tax

Indian industry must understand the diverse impact of the tax and prepare trade and low carbon production strategies to promote exports. The highest tax is on developing countries like India. Steel and aluminium sectors have high emission intensity and hence would attract high taxes. The estimated tax for steel made from the blast furnace route

Netzero target needs reduction in energy intensity

India’s goal of achieving the net zero target by 2070 would require an accelerated reduction in the energy intensity of GDP by around 5 per cent annually and a significant improvement in its energy-mix in favour of renewables to around 80 per cent by 2070-71, a report released by the Reserve Bank of India (RBI)

New York to ban use of fossil fuel equipment

New York state is poised to phase in a ban on fossil fuel equipment in new construction starting in 2026, part of the state’s effort to switch to cleaner energy sources and reduce carbon emissions. The governor’s office said New York would be the first state in the U.S. to advance such a ban via

Coal ministry aims to produce dry fuel in 2023-24

Indian coal ministry aims to produce 1,012 million tonnes of dry fuel in the current financial year. According to the action plan prepared by the ministry, 25 new reserves for commercial mining would be allocated during the current fiscal. Capacity expansion target for 2023-24 is Rs 21,030 crore, while the overall projected target of assets

Russian crude oil to India may end amid Western sanctions

The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis — after Washington’s warning to transgressors. Shipments from Russia to India have averaged over 1.8 million barrels a