Page 12 - Fossil Fuel

Thermax bags order worth Rs 830 crore to set up FGD systems

Thermax on Wednesday said it has bagged a Rs 830 crore order to set up flue gas desulphurisation systems for a private power company. FGD systems will be installed to cut down SOx emissions and comply with the air quality standards set for fossil fuel based power plants. "Thermax Limited has concluded an order of Rs 830 crore from an Indian power private sector company to set up flue gas desulphurisation (FGD) systems for their three units of 660 MW capacity each in the state of Uttar Pradesh," a company statement said. MD & CEO Ashish Bhandari said, "Our proven technological capabilities in the area of air pollution and gaseous abatement, especially FGD, where we are already executing a few large orders, led to this competitive win." In addition to supporting the customer in meeting statutory compliance related to industrial pollution norms, the project reinforces the company's commitment to the environment, he added. The scope of project includes design, engineering, ...

Global bull-run in fossil fuels may be peaking out for now, glut seen ahead

Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment

India's transition from fossil-fuel to green economy on track: Hardeep Puri

India is on the right track as far as its transition from a fossil-fuel based economy to a green one is concerned, Hardeep Puri said

Did India fail COP26 or take a step forward in the right direction?

COP26 climate summit ended with India and China forcing an replacement of the word 'phase-out' with 'phase-down' in relation to coal in the final draft. What was behind India's move? Let's find out

After COP26, UAE energy summit stresses on investment in fossil fuel

Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production

India's last-minute coal defense at COP26 hid role of China, US

A dramatic process of revision to the final text unfolded in the closing minutes of talks on Saturday

Glasgow COP26: Climate deal sealed after late drama over coal

New draft retains call for reduced fossil fuel subsidies; poor nations seek funds to tackle climate change

Leading the climate charge: India sets hard targets at COP26

Financial modelling of climate risks needs to be strengthened and supervisory tools for a more rigorous analysis of climate risks from businesses need to be reinforced

New COP26 draft declaration waters down calls to end fossil fuel use

The COP26, which is due to conclude on Friday, is seen as the world's last chance to reach meaningful commitments to fulfil the goals set out by the 2015 Paris Agreement

India's heavy reliance on fossil fuels will remain for some decades to come

Despite attempts to cast India as climate conscious, the country's heavy reliance on fossil fuels will remain for some decades to come

COP26: 'End of coal is in sight' as more than 70 nations join new pact

The British government said on Wednesday it expected 190 nations and organisations to sign the non-binding pledge

Glasgow COP26: Financiers with $130-trillion purse make climate vows

An announcement made at the COP26 UN climate conference in Scotland commits its over 450 signatories to assuming a "fair share" of the effort to wean the world off fossil fuels.

Inter-ministerial coordination needed for higher RE investments: Experts

India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector

Fossil fuel divestment campaign gathers momentum in philanthropy

The worldwide divestment campaign has sought commitments from universities, corporations and other entities

Investors in fossil fuels announce plans to divest $39.2 trillion

About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels

New Asian gas projects create $379 bn stranded asset risk: Report

A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets

China targets more than 80% non-fossil energy use by 2060

The measures are part of China's larger plan for achieving peak carbon emissions and reaching net-zero by 2060

Fossil fuel plans evade Paris limits, says UNEP report

Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production

Fossil fuel plans would far overshoot climate goals, says study

The disparity between climate goals and fossil fuel extraction plans termed the production gap will widen until at least 2040, the report found.

EU proposes tax breaks, caps to shield users from energy rally

The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic