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

Top green hydrogen companies in India

As the world is marching towards cleaner energy solutions to mitigate the use fossil fuels on earth, it has become vital to switch to green and clean alternatives. After the recent UN Climate summit (COP 27) held in Egypt several nations have taken steps in this direction of making their respective countries green by adopting

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

Germany provides funding for construction of LNG bunkering ships

The German government will provide around 62 million euros ($65.8 million) for three LNG bunkering vessels which will be built by shipbuilder Flensburger Schiffbau-Gesellschaft (FSG). According to a statement by Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK), minister Robert Habeck handed over the grant during a ceremony at FSG to a group

Hyundai develops hybrid engine

Hyundai Heavy Industries Group has succeeded in developing a hybrid engine that uses a mixture of liquefied natural gas (LNG) and hydrogen for the first time in Korea. Korea Shipbuilding & Offshore Engineering and Hyundai Heavy Industries Co. announced that they have successfully completed the performance verification of the 1.5MW LNG/hydrogen hybrid engine (HiMSEN). The

Petrol with a blend of 20% ethanol to be introduced soon in India

After achieving the target to sell petrol doped with 10 per cent ethanol, India will in the next couple of days start experimental supplies of 20 per biofuel mixed petrol, oil minister Hardeep Singh Puri said. Speaking at the ‘Dance to Decarbonise’ – the first public awareness event in the run-up to India Energy Week

L&T bags EPC contract from NEOM

Larsen & Tubro (L&T) has secured a major engineering, procurement, and construction (EPC) contract from Saudi Arabia’s NEOM to work on the world’s largest green hydrogen project. The contract was signed between NEOM Green Hydrogen Company (NGHC) — an equal joint venture created by ACWA Power, Air Products, and NEOM — its EPC contractor and

Pune poised to become hydrogen hub

Hydrogen economy stakeholders believe that Pune is strategically positioned to become the hydrogen hub in the country with all the necessary building blocks in place. There exists technological competence in electrolysers, fuel cells, biomass-based hydrogen, power electronics, testing and calibration, and R&D to successfully develop a Hydrogen Valley in the region. Dozens of companies are

EVs are far more competent than hydrogen

Decarbonizing energy and other industries globally using hydrogen will require investment of almost $15 trillion between now and 2050 according to European Transitions Commission. More than $2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon emissions

Tata Motors to showcase hydrogen-powered prototype

Tata Motors has revealed its plans for hydrogen-powered passenger vehicles on its social media platform. In a recent post, the Indian brand teased a poster with the words ‘Accelerating Greener Mobility,’ with a hydrogen fuel tank in the vicinity. Tata Motors aspires to be a leader in green mobility by implementing new methods to reduce