Support for fossil fuels higher than renewable energy

Fossil fuel-related items – transport and household energy – contributed about 20% to India’s annual rate of inflation between April and May 2022, according to a report published by Cambridge Econometrics ‘Fossil Fuel Prices and Inflation in India’. India’s annual inflation rate was 7-8% during the period. According to the report, between January 2021 and

Research finds hydrogen viable alternative to fossil fuels

Hydrogen fuel could be a more viable alternative to traditional fossil fuels according to University of Surrey researchers who have found that a type of metal-free catalysts could contribute to the development of cost-effective and sustainable hydrogen production technologies. The study has shown promising results for the use of edge-decorated nano carbons as metal-free catalysts

Clean-energy investment hits a record $1 trillion

Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after topping a record $1 trillion last year, according to a recent report from energy and renewables research group BloombergNEF. Investment in sectors such as renewables, nuclear, zero-emission vehicles or recycling projects totaled $1.1 trillion last

Port of Rotterdam to provide methanol from summer 2023

From the summer of 2023, the Port of Rotterdam, Europe’s top bunkering port, will provide methanol bunkering to sea-going vessels on a regular basis. Last year saw several sea-going ships bunker methanol at the port, the port figures show, resulting in a total of 1,500 tons of methanol sold in 2022. Methanol has emerged as

Fossil fuel producers should help world reach netzero, say scientists

Fossil fuel companies should be forced to “take back” the carbon dioxide emitted from their products, handing them direct responsibility for cleaning up the climate, a group of scientists has argued. The principle that the producer of pollution should pay for its clean-up is established around the world, but has never been applied to the

EAC recommends setting up end date for fossil fuels before 2050

The Environmental Audit Committee (EAC), a cross-party group tasked with making assessing progress in UK on green issues, warned policymakers that an end date should be set ‘well before 2050’ in order for the country to retain its reputation as one of the most pro-active in terms of the climate. Recommendations formed part of an

Unceasing fossil fuel usage results in disappearance of glaciers  

In yet another case of the effects of global warming, a study has said that four out of five glaciers, or over 80 per cent, may be lost by the end of this century if an unabated use of fossil fuel continues. This century, according to the study, the world could lose as much as

Iceland’s road map to become carbon neutral by 2040

Iceland certainly faces challenges to become carbon neutral by 2040. These include transitioning to a carbon-free transportation system, implementing more efficient waste-management practices, scaling up sustainable agricultural practices, and boosting local carbon removal efforts. Progress on these fronts will create a genuinely sustainable, climate-friendly, and circular economy in Iceland. Iceland has put forward an ambitious

Windfall tax on fossil fuels increased in India

India has raised windfall tax on petroleum, crude oil and aviation turbine fuel, according to a government order. It raised windfall tax on crude oil to Rs 2,100 ($25.38) per tonne from Rs 1,700 ($20.55), effective Tuesday, the order said. The federal government also raised export tax on diesel to Rs 7.5 per litre from

Largest desert-based renewable energy project begins in China

China has broken ground on a renewable energy project worth an estimated $11 billion in the province of Inner Mongolia. The project will have a capacity of 16 GW and produce some 40 billion kWh of electricity to Beijing and the provinces of Tianjin and Hebei. The project will combine solar, wind, and upgraded coal