G20 will focus on green initiatives

India, the world’s third-largest producer of renewable energies, will look to project its soft power through its green initiatives during G20 Presidency, writes Olivier Guillard. In his article, Guillard referred to a recent report by the UK-based medical journal The Lancet, which said pollution causes at least 9 million premature victims annually in the world.

ExxonMobil investing in emissions-detecting technology

In addition to navigating new and shifting methane emissions regulations, oil and gas producers are navigating new and shifting emissions detection technology. ExxonMobil, the industry giant is launching an aggressive campaign to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions from its Permian Basin assets by 2030 and company-wide among its operated

US could become world’s largest exporter of crude oil in 2023

The US could become a net exporter of crude oil, amidst sanctions against Russia’s exports of oil and natural gas following its invasion of Ukraine, with the Washington’s massive release of oil from emergency reserves to combat surging gas prices. Sales of US crude to other countries have reached a record 3.4 million barrels per

NTPC and GE Power sign MoU to reduce carbon intensity

Carbon reduction from coal power plants is a key challenge and Co-firing of low carbon fuel will facilitate the transition towards a low carbon energy economy and subsequent it to “Net Zero” emission.  In its efforts to adopt advanced powering technology to decarbonize power generation in India, NTPC Ltd., the country’s largest power generating utility,

World Bank approves funding for Brazil to meet climate goals

The World Bank´s board of directors approved a $500 million project in Brazil to expand sustainability-linked finance and strengthen the private sector’s capacity to access carbon credit markets and help the country curb deforestation. Sustainability-linked financing (SLF) allows for lower financing costs when certain environmental, social and governance (ESG) requirements are met by a company

CO2 emissions lowest in Europe in November, says CREA report

CREA, the Center for Research on Energy and Clean Air, tracks carbon emissions in Europe. In its latest report, it says November 2022 saw the lowest values for the month in the EU in at least 30 years for total CO2 emissions, gas consumption, power sector CO2 emissions, and power generation from fossil fuels. Some

Study on Africa reveals its huge green hydrogen potential

European Investment Bank,International Solar Alliance and the African Union unveil study into Africa’s green hydrogen potential, with the support of the Government of Mauritania, HyDeal and UCLG Africa; Analysis highlights benefits of harnessing solar power to create green hydrogen in four African hubs: Mauritania, Morocco, southern Africa and Egypt; Green hydrogen is economically viable at

Porsche starts production of ‘e-fuel’ to replace gasoline

Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in vehicles with traditional internal combustion engines. The German automaker, owned by Volkswagen, said that a pilot plant in Chile started commercial production of the alternative fuel. By mid-decade, Porsche is planning to produce millions of gallons of the

Caterpillar to partner with Jackson Offshore for hybrid solution

Caterpillar Marine is partnering with Jackson Offshore Operators to pilot an integrated hybrid energy solution that will help the Louisiana-based offshore marine services firm reduce fuel consumption and diesel exhaust emissions on board one of its platform supply vessels (PSV). The solution, which will include a new energy storage system (ESS) to compliment the vessel’s

Shipping companies criticize CII operations clause

Heavyweight shipowners and charterers, including Mediterranean Shipping Company (MSC), A.P. Moller – Maersk, Oldendorff Carriers, Trafigura and Vitol, have strongly criticised BIMCO’s Carbon Intensity Indicator (CII) operations clause, which makes charterers contractually responsible for the CII performance of their hired ships. New regulations on the carbon intensity of international shipping will come into force on