COP26 Climate Summit held at Glasgow in November 2021 has brought the focus back on to environment and climate change issues in the world. Several countries have pledged to take steps to cut down the carbon emissions and tread on the path towards green transition with set targets for NetZero emissions. In the series of
Core Power, a leader in advanced nuclear energy technology for ocean transportation and heavy industry released a special report on the mass-production of zero-carbon fuels for shipping, using advanced nuclear technologies offshore. The production of green ammonia is a key component of the decarbonisation plans for international shipping. While the largest 17,000 ships are unlikely
Indian state refiner Hindustan Petroleum Corp is working on a plan for net zero carbon emissions by 2040, chairman M. K. Surana said on Monday. India, the world’s third-biggest greenhouse gas emitter, is aiming to reach net zero emissions by 2070. “HPCL is in the process of developing a validated roadmap with the help of
Driving inspiration from the Prime Minister’s words on NetZero 2070, the 2022 Union Budget continued the trend of India’s public expenditure being increasingly greener, with a slew of measures focusing on green energy, renewables, and electric vehicles. The 2022 Union Budget, for its ambitious clean energy financing needs, unveils Sovereign Green Bonds, which will majorly
Oil giant Shell’s Quest plant has been designed to capture carbon emissions from oil sands operations and store them underground to reduce carbon emissions. However, according to a recent study by the human rights organization Global Witness, the facility actually emits more greenhouse gas emissions than it captures. Since 2015, it has prevented the release
A failure to engage with the global shift towards decarbonisation is putting thousands of jobs in regional Queensland and Western Australia at risk, as global demand for coal and gas plummets. New research published by the Centre for Policy Development (CPD) estimates that between 100,000 and 300,000 Australian jobs in emissions-intensive industries – and mostly
China Petroleum & Chemical Corporation has completed the construction of China’s first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the “Project”) on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. As
With energy consumption vital for life and business, governments often look to fossil fuel subsidies to make energy as affordable as possible. These subsidies artificially reduce the price of fossil fuels and generally take two forms: Production subsidies occur when governments provide tax cuts or direct payments that reduce the cost of producing coal, oil,
The ethanol supply in the country to enable blending with petrol is likely to reach 302 crore litres, according to the Economic Survey 2021-2022. The government has set a target of 20% ethanol blending with petrol to be achieved by 2025 to reduce the country’s crude oil import bill, give a boost to the agriculture
The Port of Los Angeles (LA) has agreed to work with the Port of Shanghai to form a transpacific green shipping corridor as part of an effort to reduce emissions from one of the busiest cargo routes. Convened by the two ports and C40 Cities, the partnership will seek to develop a plan by the