Page 10 - Energy

OECD CPI falls to 7.7% in March 2023, as energy inflation continues to drop

Energy prices declined by 0.9 percentage point in March. Food inflation and inflation less food less energy increased slightly

Social media ads data employed to note AC buying behaviour worldwide: Study

A new research provides a first glimpse of what drives and motivates people to buy air-conditioners worldwide, through social media advertising data. The data, the researchers from Radboud University of The Netherlands said, is important to understand where air-conditioners are sold globally to limit their impact on our energy grids and climate. They have published their research in the journal One Earth. Sibel Eker, assistant professor of system dynamics at the university, said that the data that they looked at showed that globally, middle aged, highly educated, married, or cohabiting males, as well as parents of small children, tended to express more online interest in AC units. "Regions such as the Balkans and Middle East, regions that are increasingly vulnerable to rising temperatures and heatwaves, show the highest online interest in AC. "In those countries, population groups that have been known to be reluctant to adopt to AC, such as the elderly, show a relatively high onli

Ending deforestation likely to cost more than $130 billion a year: Report

It would likely cost more than $130 billion a year to end deforestation by the end of this decade, according to a report from a group of financiers, energy industry executives and academics

Centre to put up 50 Gw of renewable projects for bidding this year

Of this, at least one Gw would be wind energy

Environmental groups slam German government's energy, climate deal

Environmental groups have criticised a deal between Germany's three governing parties on energy and climate policies, saying Wednesday that it risks watering down essential measures to curb global warming. The agreement announced Tuesday followed three days of intense haggling and weeks of discord that threatened to paralyse Chancellor Olaf Scholz's government. It eases requirements for new home heating systems and allows for the construction and expansion of Germany's highways, while also providing more money for the country's rail network. But Germany's BUND environmental group accused Scholz of giving in to expensive false solutions and ignoring warnings contained in a recent UN climate report about the need for drastic action to reduce greenhouse gas emissions. Accelerating the planning process for up to 144 Autobahn projects is a fatal signal at a time of climate crisis, the group's head, Olaf Brandt, said. Brandt also criticised planned subsidies for synthetic vehicle fuels,

Net zero target: How MSMEs are caught between a rock and a hard place

Amid a green push by governments across the globe, small industries rue lack of resources and help in energy transition

Global banking crisis: Low prices to brighten prospects of OMCs

While prices sustaining lower levels is crucial, Govt actions are also a key monitorable given the forthcoming elections in 2024

More steam left in NTPC stock; to be key beneficiary of rising power demand

India's largest generator will be a key beneficiary of increasing power demand, access to coal supply and focus on renewable energy

SCO countries agree to closely work together on emerging fuels

Move will see China, Russia, others collaborate with India on emerging fuel tech, energy modelling, and transition goals

Hybrid energy project likely to start by 2024, says Jindal Stainless MD

The 300 MW hybrid project in partnership with ReNew is expected to commence operation in the next 18 months, Jindal Stainless Managing Director Abhyuday Jindal has said. In December 2022, Jindal Stainless Ltd (JSL) partnered with ReNew to develop the proposed 300 MW hybrid energy project. When asked about the timeline of the project, Jindal told PTI, "We (JSL and ReNew) are on track on the pact. That project is 300 MW. Land acquisition has already been completed for the project". The project will start in the next one and a half years' time, he said. On the company's hydrogen project, the MD said it is expected to start in July this year. In August 2022, the country's largest stainless steel player partnered with Hygenco India Private Limited to set up a green hydrogen plant. "These green initiatives are part of our mission to switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives," he said. The company will continue to take proactive steps t

Indian Energy Exchange trade volume falls 7% to 8,200 mn units in February

The total trade volume at the Indian Energy Exchange (IEX) declined seven per cent to 8,200 million units in February on an annual basis, due to lower availability of electricity. Sell side liquidity continued to be affected due to high input costs, the IEX said in a statement. According to the bourse, supply constraints are expected to ease in the coming months due to the conducive policy and regulatory initiatives that will lead to an increase in coal and gas-based generation. This will also provide cost optimisation opportunities to discoms and open access consumers. The overall trade volume on the IEX in February was 8,200 Million Units (MU), a de-growth of 7 per cent on a year-on-year basis. The 8,200 MU included 7,673 MU of conventional power, green power trade of 341 MU, 3.74 lakh of Renewable Energy Certificates (equivalent to 374 MU) and 1.54 ESCerts (equivalent to 154 MU). ESCerts are Energy Saving Certificates. In February 2022, the trade volume stood at 8,760 MU, ...

'Developing, developed nations must have different goals on sustainability'

India's partnership with the UK and the EU is significant in the global effort to make the planet safer and greener, Piyush Goyal said

Explained: Why is govt focussed on creating a global biofuel alliance?

The United States and Brazil has been among the early proponents of the alliance

This isn't time for war, says Hardeep Puri on Russia Ukraine conflict

Puri quoted the European ambassador's statement, "we don't care where India buys energy from but think India can help in bringing resolution to what's going on"

Govt mulling fresh bid for one vacant slot in advanced cell PLI

The slot was vacated when Hyundai pulled out

Traders can adopt buy-on-dips strategy for Nifty Energy index: Ravi Nathani

According to the technical analyst, the best trading strategy for short-term and swing traders would be to buy the Nifty Energy index on dips, with the expectation of outperformance in the near future

Fyn Mobility partners Exponent Energy to roll out 1,500 electric vehicles

Electric vehicle ecosystem platform Fyn Mobility on Thursday said it has partnered with Exponent Energy to roll out 1,500 Altigreen manufactured electric three-wheelers, which could be fully charged in 15 minutes. The new fleet of Altigreen's three-wheeler, neEV Tez, along with Exponent Energy's e-pump charging network will make the company the world's first logistics player to operate a fleet of EVs that can be fully charged in 15 minutes, Fyn said. With this partnership, Fyn plans to roll out these EVs to be cross-utilised, making the overall cost of operations to businesses much more affordable, and open up new opportunities within the industry, it said. The company claims it helps businesses and delivery agglomerates in the e-commerce, quick-commerce, grocery, pharma and courier sectors in solving their last mile and micro mobility challenges in Bengaluru, Chennai and Hyderabad. The rise in the e-commerce and logistics sector has propelled the demand for dependable last-mile ..

OPEC chief tells climate negotiators to 'look at the big picture'

OPEC's top official said climate policies need to be more "balanced and fair."

Chennai-based Invenire Energy to invest $550 mn in hydrocarbons by 2026-27

Aims to increase output from 4,900 barrels of oil equivalent per day (boepd) to 35,000 boepd; is also lining up $500 mn for coal-bed methane block in MP, where it plans to drill 500 wells

Charts suggest Nifty Energy index could bounce back, says Ravi Nathani

According to the technical analyst, in the past four days, the Nifty Energy index appears to be encountering resistance at 22,650, and a violation of this level could signal the start of accumulation