Global CO2 emissions rise amid fossil fuel dependence

Global CO2 emissions are projected to reach 41.2 billion tons by 2024, despite significant efforts to reduce fossil fuel reliance. The recent COP29 conference in Baku highlighted the urgent need for stronger climate policies as leaders like UK PM Keir Starmer reaffirmed commitments to greenhouse gas reduction. Fossil fuels—coal (41%), oil (32%), and gas (21%)—remain

India’s non-fossil fuel energy capacity to increase 500 Gw

The Economic Survey 2022-23, which was tabled in Parliament projected that India’s average emission rate would decline by 29 per cent by financial year 2029-30 (FY30), compared with FY15 levels. The CO2 emissions rate in FY15 was 0.73 kg per kWh (kilowatt-hour), which declined to 0.71 kg per kWh in FY18, and is expected to

US DoE awards $118 mn to speed up biofuel production

The US Department of Energy (DOE) announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs. The selected projects, located at universities and private companies, will drive the domestic production of biofuels and bioproducts by advancing biorefinery development, from pre-pilot to demonstration, to create

EU imported more fossil fuel from Russia than India

External Affairs Minister S Jaishankar has said that Europe has imported six times the fossil fuel energy from Russia than India has done since February 2022 and if a $60,000-per-capita society feels it needs to look after itself, “they should not expect a $2,000-per-capita society to take a hit.” A New York Times report titled

WB invested nearly $15 billion in fossil fuel projects

In December 2018, the World Bank made a public commitment: The international financial institution, known for providing funding and policy advice to developing countries, would align its spending more closely with the goals of the 2015 Paris Climate Accord. But that promise didn’t exactly pan out. According to a new report, the World Bank Group

Victoria to ban use of fossil fuels in new buildings

Citing concern about climate change and pollution, Victoria council has made the decision to accelerate the reduction of greenhouse gases in new buildings five years ahead of provincial requirements. Almost all new construction in Victoria, B.C., in Canada – from single-family homes to office and residential towers – will be required to be “zero carbon”

Largest hybrid vessel in the world to ferry passengers soon

According to operator Brittany Ferries, Saint-Malo ship set to carry passengers between the UK and France in the next few years will be the largest hybrid-vessel ever built. The hybrid ship can run on liquefied natural gas (a fossil fuel), battery power or a combination of the two. The vessel would have a battery capacity

Oil exports from Russia increased by 12% in 2022

According to Deputy Prime Minister Alexander Novak, Russian oil exports grew by 12% in the first five months of 2022, as demand persists, despite Western sanctions reducing oil exports to Europe. He added that the increase is linked to lower refining volumes and the reconfiguration of refineries in Russia. Sanctions against Russia include a US