Union power minister R K Singh emphasised the need to build a suitable ecosystem in response to current challenges in storing renewable energy and acknowledged the importance of coal and nuclear energy as interim solutions, given their continuous power generation capabilities India has the potential to generate upto 100 Giga Watts of power using nuclear
The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C. Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves”. The comments were
The head of the International Monetary Fund underlined the case for carbon pricing at the COP28 climate summit, saying that the oil and gas industry recognizes “the writing on the wall.” A long-time proponent of carbon pricing, IMF Managing Director Kristalina Georgieva said this approach creates an incentive for polluters to rapidly decarbonize. Carbon pricing
Prime Minister Narendra Modi today pitched for a ‘pro-planet, proactive, and positive initiative’ to combat carbon emission at the 28th Conference of Parties being held in the UAE. PM Modi also urged world leaders to join the initiative and work towards a green future. PM Modi also thanked the world leaders for their continous support
Against the backdrop of rising air pollution concerns across India, Buyofuel, a tech-driven biofuel marketplace, announces a momentous threefold growth in the fiscal year 2023. While struggling with nationwide air quality challenges, the company has emerged as a key player in driving environmental change, successfully reducing approximately 80,000 metric tons of CO2 emissions through strategic
TotalEnergies Marine Fuels is proud to announce it has won the Marine Fuels 360 Supply Chain & Logistics Excellence of the Year Award for the establishment of its commercial marine biofuels supply chain in Singapore. The award recognised the swift professionalism and level of safety, quality and operational excellence with which TotalEnergies Marine Fuels built
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels. Global temperatures are breaching critical levels,
A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition
The Global Trade Research Initiative said that India has already made significant commitments at COP27 and the Paris Agreement, aligning with its Long-term Low Emissions and Development Strategy India should not take new commitments at the ongoing United Nations COP28 climate talks in Dubai and continue its green transition without additional assurances, think tank GTRI
Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) will be fully adopting the electronic Bunker Delivery Note (e-BDN) for commercial bunkering operations from 1 December 2023 onwards. According to Bunker Programmer Sam Kang, Golden Island started its first internal e-BDN trial using the solution from BTS Pte Ltd (a wholly-owned subsidiary