Coal ministry aims to produce dry fuel in 2023-24

Indian coal ministry aims to produce 1,012 million tonnes of dry fuel in the current financial year. According to the action plan prepared by the ministry, 25 new reserves for commercial mining would be allocated during the current fiscal. Capacity expansion target for 2023-24 is Rs 21,030 crore, while the overall projected target of assets

G-7 agrees to fast-track fossil fuels phase-out

The Group of Seven nations agreed to accelerate the phase-out of unabated fossil fuels but fell short of sealing a deal on a timeline to exit coal. The ministers are negotiating a joint communique that outlines support from the world’s most advanced economies for the global energy transition. The G-7 has appointed themselves leaders in

Power generation capacity should surge to double to meet climate goals

The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, Power Secretary Alok Kumar said. The country will need to reduce the share of coal, which currently accounts for about half of its installed

Australia rules out banning coal and gas development

The Australian minister of climate change and energy Chris Bowen has ruled out banning new coal mine developments and has approved a gas development, despite pressure from the influential Greens party. The Greens have been putting pressure on the ruling Labor Party to ban new coal mines in return for their support for the safeguard

Genesis Energy and Fonterra to collaborate to develop biofuel as coal substitute

Genesis Energy and Fonterra are working together to develop locally sourced biofuel as a substitute for coal. Their two-year Biomass Collaboration Agreement was aimed at reducing the amount of coal used to generate electricity at Genesis’ Huntly Power Station, and to generate the heat necessary for Fonterra’s dairy processing. The companies had been working separately

Coal usage to continue in India despite netzero targets

Coal is dirty – it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, its mining wreaks havoc on the environment and burning it produces pollutants like mercury which are linked to acid rain and particulate matter that causes respiratory illnesses. But the war in Ukraine has caused a mini-energy crisis

Climate bill in Australia to make fossil fuel investment harder

Climate change Minister Chris Bowen has introduced the government’s climate change bill and said he wants Australia to be a renewable energy powerhouse. The minister introduced the Climate Change Bill to parliament, which if approved would commit the federal government to cut greenhouse gases by 43 per cent from 2005 levels by 2030. Greens leader

Europe is reluctantly turning to coal, as gas supplies from Russia drop

Germany, Italy, Austria and the Netherlands have all indicated that coal-fired plants could be used to compensate for a cut in Russian gas supplies. European governments are scrambling to fill underground storage with natural gas supplies ahead of the winter. German Economy Minister Robert Habeck has warned that the situation is going to be “really

Scaling up green energy production helps India reduce dependence on coal

Record green energy output reduced Indian dependence on coal in May, despite 23.5% growth in power demand, contributing to a rise in utilities’ coal inventories. According to government data released recently the share of renewable energy sources in power output rose to 14.1% in May from 10.2% in April. Coal made room for it, dropping

G7 commits to stop funding fossil fuel projects

The energy and environment ministers from all G7 countries agreed at a meeting in Berlin to end taxpayer funding for oil, gas and coal projects overseas from the end of this year. According to the analysts, this agreement could shift about $33bn (£26bn) a year from fossil fuels to clean energy sources. The G7 member