Page 7 - S Dinakar

European Union corners India, developing world over carbon tax at COP29

The tax, or CBAM, is to be imposed by EU in 2026 on products whose manufacturing processes do not follow certain emission standards

India's pollution soars as does fossil fuel use, climate fight gets tougher

The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth

COP29: Rich nations try to shift pollution responsibility to India, China

But Global North is sidestepping their responsibilities and deflecting the core issue of historical pollution, participants said

COP29 climate agreement a boost for India's carbon market ambitions

This agreement enables climate action by increasing demand for carbon credits and ensures that the international carbon market operates with integrity under UN supervision

LNG trucks in India: Pvt sector entry sparks change, but challenges remain

India's LNG trucks' path is strewn with rocks, namely, poor infrastructure, high vehicle prices, lack of government support, and a highly fragmented market dominated by small transporters

No reason to scale back our domestic targets, says CEEW's Arunabha Ghosh

Expectations from this year's COP are clear on issues, whether we have a ministerial presence or not, Arunabha Ghosh, CEO of Council for Energy Environment and Water, said in his interview

Saudi revives India investment plans amid shrinking market share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

Delays in India's carbon trading scheme raise concerns amid UN warning

Delays in setting up a carbon market in India have become a pressing concern now, especially after a UN body warned this week of the perils of going slow on emission reductions

Of ships and tankers: India, refiners not breaking international sanctions

A US official involved in compliance said 'General Licence 93' allowed India to receive vessels owned by a sanctioned entity, Russian state behemoth Sovcomflot, which ships the bulk of India's oil

India presses ahead with coal as China cuts permits ahead of COP29

Until two years back, it was the reverse: India was pushing renewables and freezing new coal projects while China was pressing the pedal on coal

India to award leases to top up strategic oil reserves amid Gulf tensions

India must expedite the award because its strategic petroleum reserves, which hold a fraction of the crude storage capacities in Western nations and China, are highly inadequate in an emergency

ENGIE pursuing organic growth for India renewables portfolio: Group CEO

India is expected to have a fair share of the €22-25 billion in investments the firm has planned over a three-year period between 2023 and 2025

West Asia tensions may disrupt oil supplies if attacks reach Hormuz Strait

At present, the prospects for oil are looking better for consumers like India despite the escalating hostilities

As Saudi oil supplies rebound, India gets bargaining power in imports

New Delhi will have a variety of supply choices in the next few months at competitive rates from Russia, Iraq, Saudi Arabia

Plunging cracks may erode OMCs' supernormal profits, delay fuel price cuts

But low cracks, or net earnings from processing crude into petrol and diesel, have contributed to abysmal refining margins, prompting a rethink on lowering pump prices

Suez crisis: Houthi attacks disrupt India's diesel trade and oil business

Houthi missile strikes on tankers have threatened the competitiveness of Indian fuel exports, prompting out-of-the box solutions like hiring VLCCs to transport fuels

Global oil importance wanes, but it remains key to India's economic growth

India may contribute around 8% to global GDP growth in 2024 while accounting for over 22%of global oil demand growth

Boost for govt spending on welfare, infrastructure as crude prices plunge

Crude oil futures dipped to the lowest this week in nearly three years, wiping out all the gains made earlier this year after seasonal demand for crude from China did not materialise as expected

Crude calculations: How cheaper Venezuelan oil flows will help India

The savings that feed into its refining margins prompted Reliance to secure Washington's blessings in July to import Venezuelan oil

India's US crude imports rebound as Washington tightens screws on Russia

India may have bought over $1 bn of US oil in August; increasing such shipments helps it to trim trade surplus with the US