Fossil fuel cos to spend more on new oil fields development

The world’s biggest oil and gas companies, including Shell, Exxon and Gazprom, are projected to spend €857 billion on new oil and gas fields by 2030. This could grow to a staggering €1.4 trillion by 2040, says new research from Global Witness and Oil Change International. All 20 of the companies investigated by two NGOs

China-based car manufacturer BYD stops making fossil fuel cars

BYD Auto said it has stopped making fossil fuel cars since March, becoming the world’s first automaker to do so. The market is watching if more Chinese automakers will follow suit. In March 2022, the company sold more than 104,300 passenger cars, the first time it exceeded the 100,000 benchmark. The sales included 50,674 plug-in

EU parliament votes for full import ban on Russian fossil fuels

The European Parliament has overwhelmingly upheld a call for a swift and full embargo on Russian oil, gas, coal and nuclear fuel imports. The resolution was approved on Thursday with 413 votes in favour, 93 against and 46 abstentions and goes much further than a raft of new sanctions proposed by the European Commission this

IPCC warns to avoid fossils as emissions peak high

Limiting warming to 1.5°C will be out of reach if the world does not bring down global emissions by 48% by 2030 in comparison to 2019, warned the Intergovernmental Panel on Climate Change (IPCC) in the third instalment of its Sixth Assessment Report released recently. The United Nations body said the world is currently off-track

Clean energy transition must be fast and fair

Emissions will have to be cut swiftly and deeply across economies to limit global warming to internationally agreed temperature limits, they said in a new flagship science report by the Intergovernmental Panel on Climate Change (IPCC). But “if you do that at the expense of justice, of poverty eradication and the inclusion of people, then

Costs in India for green hydrogen could fall remarkably

Green hydrogen costs in India could potentially fall by half to as low as ₹160-170 per kg by 2030, bringing parity with grey hydrogen and other fossil fuels, says a KPMG study. Current green hydrogen production costs range anywhere between ₹320 and ₹330 per kilogram in India. KPMG in India estimates, current grey hydrogen (hydrogen

Nine steps for achieving netzero in cement and steel

Cement and steel are essential ingredients of buildings, cars, dams, bridges and skyscrapers. But these industries are among the dirtiest on the planet. Production of cement creates 2.3 billion tonnes of carbon dioxide per year, and making iron and steel releases some 2.6 billion tonnes — or 6.5% and 7.0% of global CO2 emissions, respectively.

Coal and Environment ministries in India to work together

The coal ministry on Tuesday said it may approach the Ministry of Environment, Forest and Climate Change, seeking relaxation in certain norms so that the overall production of fossil fuel can be further increased. While addressing a function to mark the foundation stone-laying of four projects of Coal India-arm Northern Coalfields Ltd (NCL), Coal Minister

Don’t kill hopes of keeping global warming under dangerous levels: Guterres

In the wake of Russian invasion of Ukraine countries are scrambling to replace Russian oil, gas and coal supplies with any available alternative fuels. This may fuel the world’s “mutually assured destruction” through climate change, the head of the United Nations warned Monday. U.N. Secretary-General Antonio Guterres said the ‘all-of-the-above’ strategy now being pursued by

Gadkari to inaugurate hydrogen-based advanced FCEV today

Union Minister Nitin Gadkari will inaugurate a pilot project by the Toyota Kirloskar Motor Ltd along with International Center for Automotive Technology (ICAT) on March 16. The ministry said Toyota Kirloskar Motor Pvt. Ltd, along with the International Center for Automotive Technology (ICAT), is conducting the pilot as part of Toyota’s commitment towards promoting sustainability