Australia rules out banning coal and gas development

The Australian minister of climate change and energy Chris Bowen has ruled out banning new coal mine developments and has approved a gas development, despite pressure from the influential Greens party. The Greens have been putting pressure on the ruling Labor Party to ban new coal mines in return for their support for the safeguard

List of eligible projects for carbon market issued

The Indian government has issued a list of projects that would be eligible to earn carbon offsets for the purpose of selling them in international carbon markets. According to a press release issued by the Ministry of Environment, Forests and Climate Change, a total of 13 activities have been identified as potential carbon offset generators

Essar Group invests in low-carbon energy projects

Essar Group announces the establishment of Essar Energy Transition to promote the development of the UK’s premier energy transition centre in North West England. For the next five years, EET expects to invest a total of US$3.6 billion in the development of various low-carbon energy transition projects, of which US$2.4 billion will be spent on

Shell, Hapag-Lloyd collaborate on marine fuel decarbonisation

Shell Western LNG B.V (Shell) and Hapag-Lloyd today announced the signing of a multi-year agreement for the supply of liquefied natural gas (LNG) to Hapag-Lloyd’s ultra large dual-fuel container vessels of 23,500+ twenty-foot equivalent units (TEU). Bunkering for these twelve new vessels is expected to commence during the second half of 2023 and LNG will

Record high fossil fuel consumption subsidies in 2022

According to the International Energy Agency (IEA), worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time. This surge in subsidies was caused by energy market turbulence, which led to international fuel prices soaring well above what many consumers paid. Consumption subsidies are energy price cuts for consumers,

Inmarsat launches first carbon neutral rocket

Inmarsat has successfully achieved the ‘world’s first carbon neutral rocket launch’ after launching the 1-6 F2 satellite from Cape Canaveral. The 1-6 F2 spacecraft was launched into space about the SpaceX Falcon 9 rocket from Cape Canaveral, reaching a top speed of almost 40,000km/h before reaching space above central Africa. The satellite will now spend

CEEW suggests emissions trade for India

According to the Delhi-based think tank Council on Energy, Environment and Water (CEEW) India should create a carbon emissions trading scheme (ETS) similar to what the European Union or South Korea have set up. The CEEW recommended a cap-and-trade mechanism for greenhouse gas emissions that can be made applicable to various sectors in order to

NZTC, and Siemens’s pilot could reduce offshore emissions by 75%

The Net Zero Technology Centre (NZTC) and Siemens Energy have announced the successful demonstration of an aero-derived gas turbine running on green methanol. The world first pilot, at the RWG facility in Aberdeen, creates the potential for significant reductions in offshore CO2 emissions. The use of green methanol could cut carbon dioxide emissions by up

CCUS projects ramping up across the world

The attention towards Carbon Capture Utilization and Storage (CCUS) has been increasing around the globe. But according to the International Energy Agency (IEA), the pace of CO₂ capture projects is too little and too slow. According to the agency at least the projects need to be speeded up 30 times more by 2030 to achieve

Support for fossil fuels higher than renewable energy

Fossil fuel-related items – transport and household energy – contributed about 20% to India’s annual rate of inflation between April and May 2022, according to a report published by Cambridge Econometrics ‘Fossil Fuel Prices and Inflation in India’. India’s annual inflation rate was 7-8% during the period. According to the report, between January 2021 and