Fossil fuel capacity grows 2.44% in FY24

Indian fossil fuel-based power generation capacity increased 2.44 per cent to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. There was a 10.79 per cent rise in non-fossil fuel based capacity (renewable energy sources) addition at 190.57 gigawatt (GW) in 2023-24 over 172.01 GW in 2022-23, the government data

Europe’s gas use to surge despite netzero promises

Europe plans to build enough new gas power stations to supply 60 million homes despite a target of decarbonising electricity grids by the middle of the 2030s. About 72 gigawatts-worth of new gas-fired power stations are planned across the Continent, according to a report from pressure group Beyond Fossil Fuels. Gas power capacity across the

Australian economists propose $100 bn annual fossil fuel tax

Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production. They claim it could raise A$100 billion in its first year and position Australia at the forefront of the low-carbon revolution. The proposal has been

Fuel demand likely to grow 2.7% in India

India’s fuel consumption is expected to rise 2.7% in the next fiscal year beginning on April 1, initial government estimates showed. Fuel consumption in 2024-25, a proxy for oil demand, could rise to 238.954 million tonnes from the revised estimate of 232.561 million tonnes for the current fiscal year, according to data from the website

Perovskite makeover could help make green hydrogen

The cost of green hydrogen has been dropping, but it still remains stubbornly high. The figure of $5.00 per kilogram for green hydrogen is commonly cited, compared to just $1.50 for hydrogen from natural gas. As part of the solution, researchers have been hunting for an alternative to conventional low-temperature PEM (proton exchange membrane) electrolysis

COP28 nations agree to ‘transition away’ from fossil fuels

The 28th Conference of the Parties of the United Nations (UN) Framework Convention on Climate Change (COP28), hosted by oil exporter United Arab Emirates (UAE), adopted the idea of “transitioning away from fossil fuel” in the final decision text, marking the first instance of such a decision in the three decades of COP’s existence.  This

Cop28 president says there is ‘no science’ behind fossil fuels phase out demand

The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C. Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves”. The comments were

Healthcare professionals urge to phase out fossil fuels

More than 46 million healthcare professionals from around the world on November 1 endorsed a letter addressed to the president-designate of the 28th Conference of Parties (COP28), calling on leaders of all countries to commit to “accelerating the phase-out” of fossil fuels – in a just and equitable way – as “the decisive path to

Russia opposes plan to phase out fossil fuels

Russia has warned it will oppose a global deal to reduce the use of fossil fuels, as tensions with western powers following Moscow’s invasion of Ukraine threaten to derail this year’s UN climate summit. The US and EU member states are among a large group of countries calling for a timeline to phase out the

JSW Cement starts EV trials to reduce carbon footprint

JSW Cement, part of $ 23billion JSW Group, has commenced a pilot of Electric Vehicles (EV trucks) trials as part of its plan to significantly reduce carbon footprint in logistics operations. The company plans to achieve this by replacing fossil fuel-based vehicles with EV Trucks. JSW Cement is one of the few cement companies to