Subsidies for fossil fuels increased in 2021

According to a new analysis by the Organization for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA), the annual support for fossil fuels doubled in 2021 to nearly $700 billion, slowing progress towards global community climate goals. Economic recovery contributed to the increase in subsidies and it will rise even more in

Karnataka aims to reduce fossil fuels by increasing ethanol production

Karnataka, which ranks third among sugarcane-growing states in the country, is coming up with a new ethanol policy that will provide for bigger profits for sugarcane growers. Ethanol can also be used to make disinfectants, sanitisers, medical spirit and bio-compressed natural gas. If all goes well, Karnataka will be the first state in the country

IOC targets to replace fossil fuels with green hydrogen for decarbonization drive

Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive. The nation’s largest oil firm is setting up green hydrogen plants at its Panipat and Mathura refineries, IOC said in its latest annual report. The

Fossil Fuel based cars likely to disappear in Australia’s capital from 2035

Australia’s capital plans to ban the sale of new petrol and diesel vehicles starting from the middle of next decade. Up to nine out of every 10 new cars sold in the Australian Capital Territory may be electric by 2030, ahead of a ban on the sale of new petrol and diesel cars from 2035.

‘LNG is not a transition fuel, it’s a fuel in transition’

In an exclusive interview with Future Fuels, Steve Esau, Chief Operating Officer, SEA-LNG, shares his views on how Liquified Natural Gas (LNG) can be a potential alternative fuel for maritime industry. Recently, the new build orders for LNG-powered ships have been on the rise. Is this because there are no readily available alternative fuels for

Vibra Energia to buy 50% of Zeg Biogás

Vibra Energia entered into an agreement for the acquisition of 50% of the share capital of Zeg Biogás e Energia SA. The transaction was approved by its board of directors and will not require the approval of the company’s general meeting. Zeg Biogás, a subsidiary of Zeg Energias Renováveis SA and FSL Consultoria Empresarial Ltda.,

Fossil fuels usage increased after Covid pandemic

According to oil giant BP Plc annual Statistical Review of World Energy report released recently, the dirtiest fossil fuel made a comeback last year. Last year’s global increase in energy use resulted in a rebound of greenhouse gas emissions, which had seen a sharp drop in 2020. The findings show the difficulty of achieving pledges

Investment protection for fossil fuels will cease to exist in Europe, UK in 10 years

The EU and the UK have reached a compromise agreement to end investment protection for fossil fuels under the Energy Charter Treaty (ECT), after two years of negotiations. Under a flexibility mechanism approved by members of the energy investment treaty, the EU and UK will end protection for new fossil fuel investments from August 2023.

Russia crude exports to India and other Asian nations increasing

A report by the Research on Energy and Clean Air, an independent think tank based in Helsinki, Finland released said Russia earned 93 billion euros ($97.4 billion) in revenue from fossil fuel exports in the first 100 days of the country’s invasion of Ukraine, despite a fall in export volumes in May. India and other

Research focuses on molybdenum disulfide for less expensive hydrogen fuel

It is often found that electrocatalyst platinum, a metal so rare that it’s typically more expensive than gold, and using it for hydrogen production makes production process more costly than traditional sources of renewable energy and fossil fuels. Recently, scientists have been studying a lower cost alternative called molybdenum disulfide, which is a two-dimensional compound