Russian gas crisis stokes Europe’s appetite for Russian coal

Russian coal merchants are proving to be the winners as European buyers, nervous a feared Russian invasion of Ukraine could lead to disrupted gas supplies, stock up on the dirtiest fossil fuel. Despite Europe’s ambitions to reduce carbon emissions to net zero by the middle of the century, which means weaning itself off all fossil

Petrol not blended with ethanol set get expensive from October

Petrol not blended with ethanol will get expensive from October, pushing private fuel retailers to sell blended fuel and help boost ethanol consumption. “Blending of fuel is a priority of this Government. To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of Rs 2/ litre from the

Danish energy fund to lead massive green hydrogen project in Spain

Plans for a huge project aiming to produce green hydrogen and ammonia have been announced, with those behind it hoping construction of the first phase will begin in late 2023. On Tuesday, Copenhagen Infrastructure Partners announced details of a partnership with Spanish companies Naturgy, Enagás and Fertiberia. Vestas, the Danish wind turbine manufacturer, is also

MOL and Mitsui sign time charter agreement for LNG carrier

Japan’s Mitsui OSK Lines (MOL) has signed a time charter agreement with domestic trading firm Mitsui & Co for an LNG carrier. The 174,000m³ vessel is expected to be delivered in 2024. It will primarily be used to supply LNG for Mitsui & Co projects across the world. The vessel will be equipped with a

Advanced atomic to power affordable production of green ammonia for shipping

Core Power, a leader in advanced nuclear energy technology for ocean transportation and heavy industry released a special report on the mass-production of zero-carbon fuels for shipping, using advanced nuclear technologies offshore. The production of green ammonia is a key component of the decarbonisation plans for international shipping. While the largest 17,000 ships are unlikely

Union Budget 2022: Towards a Greener Economy

Driving inspiration from the Prime Minister’s words on NetZero 2070, the 2022 Union Budget continued the trend of India’s public expenditure being increasingly greener, with a slew of measures focusing on green energy, renewables, and electric vehicles. The 2022 Union Budget, for its ambitious clean energy financing needs, unveils Sovereign Green Bonds, which will majorly

Shell’s carbon capture plant creates more emissions than it captures

Oil giant Shell’s Quest plant has been designed to capture carbon emissions from oil sands operations and store them underground to reduce carbon emissions. However, according to a recent study by the human rights organization Global Witness, the facility actually emits more greenhouse gas emissions than it captures. Since 2015, it has prevented the release

Australia must shift from fossil fuels or risk more than 100,000 jobs

A failure to engage with the global shift towards decarbonisation is putting thousands of jobs in regional Queensland and Western Australia at risk, as global demand for coal and gas plummets. New research published by the Centre for Policy Development (CPD) estimates that between 100,000 and 300,000 Australian jobs in emissions-intensive industries – and mostly

Sinopec completes china’s first megaton scale carbon capture project

China Petroleum & Chemical Corporation has completed the construction of China’s first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the “Project”) on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. As

Global fossil fuel subsidies crossed over $5 trillion between 2010-2021

With energy consumption vital for life and business, governments often look to fossil fuel subsidies to make energy as affordable as possible. These subsidies artificially reduce the price of fossil fuels and generally take two forms: Production subsidies occur when governments provide tax cuts or direct payments that reduce the cost of producing coal, oil,