COP28 pledge to curb cooling emissions backed by 63 countries
The United States, Canada and Kenya were among 63 countries to join a pledge on Tuesday to deeply cut cooling-related emissions at the United Nations climate summit in Dubai.

In the salt deserts bordering Pakistan, India builds its largest renewable energy project
Rising from the bare expanse of the large salt desert that separates India from Pakistan is what will likely be the world's largest renewable energy project when completed three years from now.

Production of 5 MMT green hydrogen can help cut INR 1 lakh cr worth fossil fuel imports: R K Singh
New Delhi: With the 5 million metric tonnes (MMT) installed capacity under the National Green Hydrogen Mission, India can reduce imports of fossil fuel worth INR 1 lakh crore by 2030, Union Minister R K Singh said on Tuesday. In January 2023, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of INR 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy.

Climate investor Eversource receives grant funding from US and Danish governments

Eversource, a climate investment joint venture between Everstone Group and Lightsource BP, on Tuesday said that it has received so-called catalytic concessional capital from the U.S. Department of State and the United States Agency for International Development (USAID) through its programme – Blended Finance for Energy Transition (BFET) and the Investment Fund for Developing Countries under the Danish Development Finance Institution.

Surging gold prompts Indians to recycle jewellery for weddings
Surging gold prices are prompting some Indians to exchange gold jewellery for new pieces as demand rises during the wedding season in the biggest consumer of the precious metal after China.

ONGC and OIL in talks with BAPCO, JAPEX, and Mitsui to boost oil and gas production
New Delhi: State-run ONGC and Oil India (OIL) are in talks with Japan Petroleum Exporation (Japex), Mitsui and Bahrain Petroleum Company (Bapco) to collaborate on enhancing domestic exploration and production (E&P) activities.

Cheaper Basrah, higher Arab Light prices lift India’s November crude imports from Iraq to over 12-month high
New Delhi: India’s crude oil imports from Iraq rose to the highest levels in more than a year at over 1 million barrels per day (mb/d) in November 2023 propelled by high prices of Saudi Arabia’s Arab Light grade and softening prices of Basrah, the flagship Iraqi grade. Data from the energy intelligence firm Vortexa show that crude oil imports from Iraq rose 32 per cent m-o-m and 24 per cent y-o-y in November.

Coal industry registers 16-month high growth in October
Coal industry showcased a 16-month high growth of 18.4% at 172.6 points in October compared with 145.8 points in the same period a year ago on the back of rise in production of coal, according to the Index of eight core Industries (ICI) released by the commerce ministry.

No immediate hike in domestic coal prices despite global spiral
Coal India Ltd is not looking to revise prices of coal as of now despite a widening of the gap between the domestic and international prices of the fuel, an official source told FE. The state-run company’s decision to refrain from seeking higher margins at this juncture augurs well for the power sector and consumers of electricity, and may also tend to have stabilising effect on fuel inflation.

Asian power generation gets cleaner, even as coal emissions rise
Asia boosted clean electricity output and slashed its share of fossil fuels faster than North America and Europe from 2015, data shows, underscoring resistance by Asian nations to a western push to choke private financing for coal-fired power.

Thermal power rises in Apr-Oct as demand soars
New Delhi: Amid growing power demand, coal-based power generation increased 8.6% in the April-October period of FY24 compared to a year ago, said the union power minister RK Singh.

Tata Power has a fix for the missing link in green-energy transition
Last weekend, while India surprised the world by not joining the Global Renewables and Energy Efficiency Pledge signed by 118 nations, Tata Power, the country’s largest integrated power company, will stick to its plan to invest 45% of its capital in the renewable-energy sector between FY24 and FY27. The estimated capex will be around INR60,000 crore till FY27.

Production of 5 MMT green hydrogen can help cut Rs 1 lakh cr worth fossil fuel imports: R K Singh
With the 5 million metric tonnes (MMT) installed capacity under the National Green Hydrogen Mission, India can reduce imports of fossil fuel worth Rs 1 lakh crore by 2030, Union Minister R K Singh said on Tuesday. In January 2023, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy.

Solar power potential 75,000 GW by 2050 possible with long-duration storage: Report
Solar power generation capacity can go up to 75,000 gigawatts by 2050 globally with long-duration storage capacity, a report by the International Solar Association (ISA) and LDES Council, said. The report released on Tuesday by ISA and the Long Duration Energy Storage (LDES) Council unveils a bold vision for the future of renewable energy, showcasing the pivotal role of Long Duration Energy Storage in realizing ambitious solar targets.

Adani Green Energy secures USD 1.36 billion construction financing for world's largest renewable energy park
AdGreen Energy Ltd (AGEL), a trailblazer in the renewable energy sector, has achieved a milestone by securing a USD 1.36 billion construction facility.

Aatma-Nirbhar Arunachal Pradesh: CM Pema Khandu envisions hydropower as key to sustainable development

Guwahati: Arunachal Pradesh Chief Minister Pema Khandu reiterated that hydropower is one of the most potential resources for a aatma-nirbhar (self-reliant ) Arunachal Pradesh and the way forward to development.