Panel formed to prepare energy transition roadmap for India

The government is planning to draw up an energy transition roadmap for the oil and gas sector that could prove to be a key step on India’s path to net-zero emissions by 2070. The oil ministry has set up the Energy Transition Advisory Committee headed by former petroleum secretary Tarun Kapoor, who demitted office in

China Ramps Up LSFO Production 30%, backing Bunker Fuel Hub Ambitions

China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday. The deep cuts to refined fuel, largely expected by the market, was in line with the

South Korea chided for declaring gas a sustainable investment

South Korea’s government is being criticized for including natural gas in a category of activities that it deems will help cut emissions. Liquefied natural gas was included in a taxonomy to accelerate green goals released by the Environment Ministry on Dec. 30, while nuclear energy was left out. LNG is in the transition section, so

European biofuel mandates to structurally shift ethanol demand higher

Following a year in which the European ethanol market experienced extreme volatility caused by lockdown restrictions, 2022 is expected to offer relatively more stability in a post-lockdown environment, supported by European biofuel mandates. While S&P Global Platts Analytics forecasts a global fuel grade ethanol surplus of 1.667 billion liters in 2022 following an estimated deficit

It takes green to go green

President Biden made headlines with his recent executive order directing federal agencies to achieve net-zero greenhouse emissions by 2050, including meeting ambitious goals this decade to decarbonize federal vehicles, buildings and electricity use. While the President’s plan would make only a dent in US emissions overall, the real aim is to use the government’s vast

The conservative plot against green investment

The American Legislative Exchange Council is pushing cookie-cutter laws that could lock pension funds and taxpayers into losing deals—while propping up coal and other fossil fuel firms. It all starts with an innocuous bit of jargon. “ESG pressures by national environmental groups is driving banks, insurance companies and investment managers to abandoned fossil fuels,” argues

Rolls-Royce is building the world’s largest airliner engine, the Trent Ultrafan

Buried deep inside the Rolls-Royce plant at Filton in Bristol is a bare brick room where the Olympus engines that powered Concorde and the Pegasus fans for the Harrier jump jet were put through their paces. Now it is testing a generator the size of a washing machine drum designed to burn green fuels and

Europe’s largest inland port to become hydrogen pioneer

Rolls-Royce says it will ensure a climate-neutral energy supply at the container terminal currently under construction at the Port of Duisburg in Germany. Rolls-Royce’s Power Systems business unit is supplying its latest mtu hydrogen technology for this purpose, in order to supply the future terminal with electrical energy and heat in a sustainable manner: mtu

India sets sights on record green bond issuance entering 2022

India’s green bond issuance is set to reach a new record in 2022, following an exceptionally strong 2021. Corporate and bank issuers in India are likely to tap the climate-related debt market more actively as the world’s third-largest emitter of carbon dioxide will need as much as $10 trillion to be carbon-neutral by 2070, experts

Spain rejects Brussels’ plan to classify nuclear power and natural gas as green energy

Spain is rejecting the European Commission’s proposal to classify nuclear energy and natural gas-powered plants as green technology. In a statement released on Saturday, the Commission said it had begun consulting with EU member states on a text that will later be sent to the European Parliament and Council for scrutiny. The document is part