Bhutan moves towards green transition

In a stride towards reducing greenhouse gas emissions and reliance on imported fossil fuels, the Department of Energy under the Ministry of Energy and Natural Resources launched the National Green Hydrogen Roadmap on July 24, with the target to produce 710 tonnes of green hydrogen fuel annually for domestic consumption by 2030 and 70,000 tonnes

Stena Drilling leads offshore industry in green transition

Amidst the urgent global shift towards sustainability, Stena Drilling, a Scotland-based offshore drilling contractor, has emerged as a pioneering force in the offshore oil and gas industry’s green transition. The company’s commitment to reducing its carbon footprint has been solidified with the reception of the ISO 50001 certification in January 2022, covering all its rigs

Power Minister meets representatives of transport sector to explore green transition

The Union Minister for Power and New and Renewable Energy, R K Singh chaired a meeting with government and industry stakeholders from the transport sector, in Atal Akshay Urja Bhawan, New Delhi, on January 25, 2024. The primary focus of the discussions was on the pilot projects in transport sector, falling under the ambit of

AI benefits or beats the green transition path?

Meeting decarbonization goals in time to avoid the worst impacts of climate change will require an unprecedented amount of coordination between economic sectors in record time, which will be nearly impossible to carry out smoothly without machine learning. However, as the uptake of artificial intelligence expands, so too does its already enormous carbon footprint, raising

EU sets up $270 bn for green transition

The European Commission (EC) set out its $270 billion Green Deal Industrial Plan to support Europe’s race to green transition and boost its netzero industry. EC President Ursula Von der Leyen announced the plan at the World Economic Forum in Davos, saying it’s a response to the U.S. Inflation Reduction Act. IRA is the leading

Maersk in favor of setting up an end date for heavy oils in shipping

The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. Aside from the exact end date for fossil

Geely Auto secures $400m sustainable club loan for green transition

Geely Automobile Holdings Ltd (Geely Auto) has become the first Chinese automaker to secure an overseas sustainable club loan. The three-years $400 million facility will be used to support Geely Auto’s R&D of technologies and production of vehicles in new energy segment, enabling the company achieve its carbon neutrality goal by 2045. The oversubscribed club

‘Main challenge in the transition to zero carbon future is lack of clear pathway’

Mr Kari Hietanen, Executive Vice President, Corporate Relations and Legal Affairs, Wärtsilä in an exclusive interview with Future Fuels shared his thoughts green transition in Europe. Q. What are the technical solutions Wartsila offers for the green transition? Wärtsilä has a wide range of technologies enabling green transition both in marine and energy sectors. In

Vedanta’s steel business on path to green transition

Vedanta Sesa Goa Iron Ore Business has said it is working on a solution to use hydrogen instead of coke in its manufacturing process. It is doing so as to reduce carbon emissions as part of its plan to shift towards “green steel”. Vedanta said it is looking for a tie-up with IIT-Bombay to carry

Central bank in India warns banks to monitor cos with direct fossil fuel links

According to an RBI report, while banks have relatively small exposure to companies that have direct links to fossil fuels, there are hidden risks in the form of companies that have indirect exposure. The RBI has said that lenders need to be alert of industries that are subject to green transition risks as countries across