IEA predicts that fossil fuels may become more affordable and plentiful.

According to the International Energy Agency, the transition to clean energy is expected to be expedited by governments, which could result in fossil fuels becoming substantially more cheap and abundant by the end of the decade. The global energy watchdog has announced the dawn of a new energy era, in which countries have access to

PFC and CEEW Forge Strategic Alliance to Propel India’s Net-Zero Transition

Power Finance Corporation Ltd (PFC) and the Council on Energy, Environment and Water (CEEW) have announced a strategic collaboration to advance PFC’s commitment to becoming a leading net-zero financier, aligning with India’s ambitious 2070 Net Zero target. PFC is the largest financer of the renewable energy sector in India. The partnership aims to diversify PFC’s

India needs to switch over to nuclear energy

What are India’s options for transition to net zero emissions (NZE) by 2070? A report by the Vivekananda International Foundation (VIF) Task Force addressed two questions. What is the minimum quantum of demand to reach net zero emissions? Second, what is the most cost-effective way of producing the minimum demand? Mathematical modelling by IIT Bombay

Shell on path to netzero

Shell published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022. “In a time of great uncertainty, it is vital that our long-term energy transition strategy remains on track,” said

Countries call for net-zero emissions in shipping

A panel of the International Maritime Organization is looking into a proposal to achieve net-zero greenhouse gas emissions in international shipping by 2050. Discussions on the plan are being held at the meeting of the UN agency’s committee that kicked off on Monday. The proposal to reduce global shipping emissions to net zero by 2050

MOL to trial a hydrogen-fuelled engine

In what it claims will be a world-first for the shipping industry, Japan’s Mitsui OSK Lines (MOL) will trial a hydrogen-fuelled engine on an in-service bulk carrier. MOL is working with Japan Engine Corporation (J-ENG), part of the Mitsubishi Heavy Industries conglomerate, to get a low-speed, two-stroke hydrogen-fuelled marine engine on one its geared bulk

India needs $10.1 trillion investment to achieve net-zero emission by 2070

India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve net-zero emissions by 2070. “India would

Meeting climate targets requires acceleration in fuel economy of vehicles

To help put the world on track for net zero emissions by 2050, automakers need to almost triple the pace of fuel economy improvements compared with the past 15 years. The fuel economy of the world’s cars and vans needs to improve massively in the coming years for the automotive industry to do its part

COP26 climate pledges could help limit global warming to 1.8 °C

At the COP26 Climate Change Conference taking place in Glasgow, a key question is what do all the new pledges by different countries to reduce emissions mean for global warming? This was a central question we addressed in the IEA’s recent World Energy Outlook 2021 (WEO-2021), and we are continuing to update that analysis. By