Germany aims to obtain 100% energy by 2035 through renewable sources

Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a government draft paper obtained by Reuters on Monday. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian

Russia demanding importers to pay in rubles to avoid West sanctions

After being ostracized by Western countries following his invasion of Ukraine, Russia President Vladimir Putin is trying to force the world to reengage with the Russian economy—sanctions be damned—by leveraging the one thing the West still buys from Russia: energy. Putin ordered that gas contracts with “unfriendly” countries—those responsible for sanctions against Russia—be settled in

Top finance firms offered fossil fuel industry $740bn of funding

A damning new analysis of the energy investments of the world’s 30 biggest listed financial firms has revealed that they collectively provided $740bn to the fossil fuel industry in 2020 and 2021 – often with limited requirements on climate. Promisingly, 29 of the 30 companies have committed to achieving net-zero financed emissions by 2050 or

Anticipating food deficiencies, Biden creates fossil fuel task force

“With regards to food shortages, it’s going to be real,” President Biden declared after meeting with NATO allies in Brussels, saying both Russia and Ukraine have been the breadbasket of Europe. “The price of these sanctions is not just imposed on Russia, it is imposed on an awful lot of countries as well, including European

Fossil fuel suppliers in the US link bank credit to climate targets

American fossil-fuel suppliers are moving to tie their bank credit lines to sustainability goals, including slashing their carbon footprint. DCP Midstream LP, which operates natural gas pipelines, unveiled Tuesday that interest and fees paid on its $1.4 billion revolving credit facility with banks such as Mizuho Financial Group and JPMorgan Chase & Co. are now

Wartsila presents various options for energy’s decarbonised future

The technology group Wärtsilä has published an important paper on the role of sustainable fuels in the energy sector’s transition towards decarbonised power generation. Future carbon-neutral fuels and the use of flexible engine power plants capable of utilising such fuels, will be central to this transition. Along with the growing need to decarbonise engine power

Nine steps for achieving netzero in cement and steel

Cement and steel are essential ingredients of buildings, cars, dams, bridges and skyscrapers. But these industries are among the dirtiest on the planet. Production of cement creates 2.3 billion tonnes of carbon dioxide per year, and making iron and steel releases some 2.6 billion tonnes — or 6.5% and 7.0% of global CO2 emissions, respectively.

APL join hands with IHI, Kowa for environment-friendly power generation

Adani Power Limited (APL) has entered into a pact with Japanese companies – IHI Corporation and Kowa Company Ltd. (Kowa) – to collaborate on environmentally sustainable power generation. The companies will study the feasibility of ammonia co-fired units that would help decarbonise Adani Power’s coal-fired units. The company aims to achieve modification target of 20

Study at sea on methane slip commences

A new joint project will use onboard techniques and drones to measure methane emissions from ships. The International Council on Clean Transportation (ICCT) is leading the project called FUgitive Methane Emissions from Ships (FUMES), in collaboration with Danish-based Explicit and the Netherlands Organization for Applied Scientific Research (TNO). Using in-stack continuous emissions monitoring, drones, and

Coal and Environment ministries in India to work together

The coal ministry on Tuesday said it may approach the Ministry of Environment, Forest and Climate Change, seeking relaxation in certain norms so that the overall production of fossil fuel can be further increased. While addressing a function to mark the foundation stone-laying of four projects of Coal India-arm Northern Coalfields Ltd (NCL), Coal Minister