Page 11 - Clean Energy

Carbon sinks: The good and the bad

The oceans have caught the attention of climate policymakers, but many of their ideas are too radical

A slow and flawed transition

The developed world's energy transition efforts are making the problem worse by moving energy-intensive manufacturing to the developing world

Top Headlines: Air India on metro-to-metro routes; RBI rate hike & more

A Business Standard poll shows that the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) is likely to announce a 35-basis point (bp) hike in the repo rate on December 7

India's electricity shortage erased by growth of renewable energy: Analysis

There was no repeat of the widespread blackouts which plagued many parts of India in late September and early October last year when coal-fired power plants ran short of fuel

India taking steps to complete transition into clean energy: Jitendra Singh

Union minister Jitendra Singh said that India is taking steps for the development of Small Modular Reactors (SMR), with up to 300 MW capacity to fulfill its commitment to the Clean Energy transition

India well placed to lead green energy transition: Tata Group chairman

Tata Group Chairman Natarajan Chandrasekaran on Tuesday said transition to a cleaner and greener energy is an imperative that no one can wish away and India is well-placed to lead the change. He further said technological advancements have already made and should continue to make such energy transitions more affordable. The future of any business or industry, whether it is consumer facing or not, will be data-driven as the huge advancements in the field of technology has made real-time data availability both much easier as well as cheaper, he added. "The pressure to shift to green/renewable energy only will increase going forward and the transition to cleaner energy is irreversible. But we need more and newer and cleaner energy so that it becomes more affordable. We need to have hydrogen-based energy, electric batteries, storage systems, technology to reuse of industrial waste etc. "All these will be done in our own lifetime but what we need to ensure is that these solutions are mo

Ambani says Indian economy to grow 13-fold to $40 trillion by 2047

India is likely to become a USD 40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University here. As the 'Amrit Kaal' -- the period between now and 2047 when India will be celebrating 100 years of independence -- unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. "Th

Rapidly mobilise massive financing for clean energy alternatives: IEA

A new IEA report says the world must move quickly to reduce carbon dioxide emissions from coal significantly in order to avoid severe impacts from climate change

Power System Operation Corporation renamed to Grid Controller of India

India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' on Monday announced that it has changed its name to 'Grid Controller of India Ltd'. The name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid, a statement said. The change in name as 'Grid Controller of India Ltd' is a welcome step as it has unique position at the heart of India's energy system connecting people to the energy they use, it stated. "It (Grid Controller of India Ltd) explains the functions performed by the grid managers in the country at national and regional levels," said S R Narasimhan, Chairman & Managing Director, Grid Controller of India Ltd, in the statement. "The change in name is also to reflect who we are and the role we play in clean energy transition. We continue to be driven by our vision i.e. 'to be a global institution of excellence for reliable ...

India expected to see faster progress towards clean energy economy: Report

At least three of the four top emitters of greenhouse gases -- China, the EU and India -- are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate summit in Egypt. According to "Global Carbon Budget Report 2022", the top four CO2 emitters in 2021 were China (31 per cent), the US (14 per cent), the European Union (8 per cent) and India (7 per cent). The report, "Big Four: Are major emitters downplaying their climate and clean energy progress?", by the UK-based Energy and Climate Intelligence Unit, suggests interconnected global crises and market mechanisms are driving the shift towards electric vehicles, low-carbon heating and renewables around the world, in particular in those four countries. Rapid price reductions, which make wind and solar power vastly cheaper than fossil fuel alternatives, concerns over energy security and access, and in Europ

India needs $300 bn more to meet 2030 renewable capacity goals: Report

India will need additional investment of around USD 300 billion to complete the 500-gigawatt renewable energy capacity target by 2030, according to a report. With 165 gigawatts (GW) generation capacity already in place, the country is on the right trajectory to meet its goal of having 50 per cent of energy needs through the renewable portfolio, the Arthur D Little (ADL) report said on Monday. "India needs (additional) strategic investments of over USD 300 billion to achieve its clean energy capacity target of 500 GW by 2030," the study titled 'Powering India's Energy Vision 2030' said. As per the study, India's electricity consumption is expected to grow at an annual rate of 5.4 per cent over the next decade, with annual demand touching 2,300 billion units (BUs) by 2030. However, at the current pace, generation will reach only 2,024 BUs by 2030, it said.

Why it might be better to mine the world's rainforests than farm them

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

Big tech's dirty supply chains undercut climate promises from headquarters

Amazon.com Inc, Microsoft Corp, and Alphabet Inc have pledged to run their own operations on 100 per cent clean power. But their suppliers remain deeply reliant on fossil fuels

Drought from China to US hits hydro dams, slashing top clean energy source

Globally, hydropower generates more electricity than nuclear and more power than wind and solar combined. In countries like Norway and Brazil, dams generate more than half of total electricity

Karnataka govt gives nod for Rs 1.74 trn worth projects on clean energy

The Karnataka government on Saturday approved 11 projects worth over Rs 1.74 lakh crore, mostly in the clean energy sector. The 60th meeting of the State High-Level Clearance Committee (SHLCC), headed by Chief Minister Basavaraj Bommai, approved 11 projects with a total investment of Rs 1,74,381.44 crore. The projects are expected to create employment for 41,448 people, an official release said. Among the 11 projects that got approval, eight are new and three are additional projects, it said. The investment projects are expected to further push industrial growth and generate direct and indirect employment opportunities in Karnataka. "Green energy is the future. In this regard, the proposals for green hydrogen and ethanol production companies in the state have been approved in the meeting. Karnataka's contribution to the share of the green hydrogen export will be high in the country and it will start in 2026," Bommai said. Stating that in order to encourage green hydrogen producti

BEL to manufacture Hydrogen fuel cells with technology from US-based TEV

Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets. The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications, including e- mobility, by leveraging central government's thrust for adoption of clean energy fuels for applications in transport and energy storage, the Bengaluru-headquartered company said in a statement. TEV has set up its R&D centre and manufacturing facility in India. It has recently forayed into Hydrogen-run vehicles and started the journey of manufacturing Hydrogen-run two-wheelers, three-wheelers and buses, according to the statement.

India, US launch new energy storage task force to support clean energy

India and the United States on Friday announced the launch of a new energy task force to support large-scale integration of renewable energy needed to support the clean energy transition. The announcement of the initiative, which will further strengthen the India-US partnership in the critical energy sector to an altogether new level, came following a bilateral meeting between Union Minister of Petroleum and Natural Gas Hardeep Singh Puri and US Energy Secretary Jennifer Granholm here. During the meeting the two leaders underscored the critical importance of bilateral clean energy engagement to strengthen energy security and to accelerate clean, secure, and just energy transition. Meeting amidst volatility in global energy markets, continuing recovery from the COVID-19 pandemic, and increasingly frequent climate-related challenges, the two leaders underscored the importance of ensuring reliable energy supplies to ensure balanced energy markets, including India's support for the US .

30% of two-wheelers will be electric by 2030 as adoption picks up: Study

FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions

Adani Group to invest $100 bn in a decade, focus on energy transition

Company in sight to become one of the least expensive producers of green electron and green hydrogen, says Gautam Adani

Energy crisis shows gasoline demand declining, renewables on the rise

With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever