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Page 9 - Fossil Fuel

Indonesian govt promises move to clean energy, but challenges remain

In Indonesia's region of East Kalimantan, the country's dependence on coal is on full display. Driving on the region's toll road, passersby can watch excavators digging coal from shallow pits as trucks filled with the carbon-rich rocks rush by. Under a bridge in Samarinda, the region's capital, hundreds of mammoth, jet-black mountains of coal sit in barges being pulled along the waterway, headed to plants across Indonesia or other countries. They're sights that Indonesia has pledged to phase out or at least drastically reduce by agreeing to some five schemes with international stakeholders, including the largest-signed USD 20 billion Just Energy Transition Partnership deal. While the deals aim to turn one of the largest coal-producing countries toward its vast greener energy sources, experts warn that financial, policy, infrastructure and other challenges need to be overcome. Indonesia's energy transition is "very unique" because of high economic growth, geography, population ...

Indonesian govt promises move to clean energy, but challenges remain
Updated On : 14 Feb 2023 | 9:18 AM IST

India Energy Week: Rising demand for fossil fuel dominated the talks

The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon

India Energy Week: Rising demand for fossil fuel dominated the talks
Updated On : 09 Feb 2023 | 9:47 PM IST

Nations reach a common understanding on fossil fuel usage at G20 meeting

The first ever Energy Transition meet in India has seen a consensus emerge on nations needing separate pathways to energy transition

Nations reach a common understanding on fossil fuel usage at G20 meeting
Updated On : 06 Feb 2023 | 11:02 PM IST

Oil PSUs on the long road to net zero: Can India achieve the goal by 2070?

With India burning more fossil fuel to grow, state-owned refiners are likely to struggle to meet their targets

Oil PSUs on the long road to net zero: Can India achieve the goal by 2070?
Updated On : 06 Feb 2023 | 6:10 AM IST

India vows to remain committed to net zero, yet defends use of fossil fuels

While the Survey documented India's position with respect to carbon emissions, it was silent on a domestic problem caused in part by coal burning: air pollution

India vows to remain committed to net zero, yet defends use of fossil fuels
Updated On : 31 Jan 2023 | 10:08 PM IST

$1 trillion green investment matches fossil fuels for first time: Report

Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel production

$1 trillion green investment matches fossil fuels for first time: Report
Updated On : 26 Jan 2023 | 3:32 PM IST

Being pragmatic about energy sources

The clean energy journey is going to be a messy one, with plenty of missteps, side turns and dead ends before the destination is reached

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Updated On : 02 Jan 2023 | 10:36 PM IST

Global coal consumption set to hit new high this yr despite ambitious goals

Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report

Global coal consumption set to hit new high this yr despite ambitious goals
Updated On : 16 Dec 2022 | 12:46 PM IST

Solar energy generation capacity touches 16,000 Mw in Rajasthan

There is a 925-Mw park and a 750-Mw park in Jaisalmer district

Solar energy generation capacity touches 16,000 Mw in Rajasthan
Updated On : 15 Dec 2022 | 4:43 PM IST

Bill to promote use of non-fossil fuels introduced in Rajya Sabha

A bill that seeks to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass, was introduced in Rajya Sabha for passage on Thursday. The Energy Conservation (Amendment) Bill, 2022, is also aimed at helping the country achieve its international commitments on climate change. The legislation was cleared by Lok Sabha in August this year. Piloting the bill in the Upper House, Power Minister R K Singh said the country is working towards reduction in emissions although its per capita emissions is about one third of the global average. "If we look at the total carbon dioxide load on the environment, our contribution is just 3.4 per cent even as our population is 17.5 per cent of the global population," he said. Yet, the county has emerged as one of the leading nations in energy transition and climate action, he added. "Today our non-fossil fuel power generation capacity is 42 per cent of our total capacity which is around 408 giga watt," he said, adding that t

Bill to promote use of non-fossil fuels introduced in Rajya Sabha
Updated On : 09 Dec 2022 | 12:25 AM IST

A global plastics treaty is coming; Everything about it yet to be decided

Plastics industry groups have called for a focus on recycling

A global plastics treaty is coming; Everything about it yet to be decided
Updated On : 05 Dec 2022 | 10:43 PM IST

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

EVs lead climate tech funding but more needed for niche solutions: Experts
Updated On : 22 Nov 2022 | 12:17 AM IST

COP27 fails to turn off the oil tap as global production hits all-time high

The latest global climate summit has failed to even mention the reduction of fossil fuel usage, a key demand from India, in the final agreement text at Egypt

COP27 fails to turn off the oil tap as global production hits all-time high
Updated On : 21 Nov 2022 | 11:31 PM IST

COP27 summit 2022: Informal draft has little new for poor nations

Sticks to coal phase-down, seeks 'phase out and rationalisation' of fossil fuel subsidies

COP27 summit 2022: Informal draft has little new for poor nations
Updated On : 17 Nov 2022 | 10:24 PM IST

COP27 draft text omits India's proposal of phasing down all fossil fuels

The United Nations published a first draft of the climate deal on Thursday and it doesn't mention a phase down of all fossil fuels, a proposal that was put forward by India and supported by the European Union and many other countries. The draft encourages "the continued efforts to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies, in line with national circumstances and recognizing the need for support towards just transitions". Nearly the same language was used in the Glasgow Climate Pact last year. When contacted, a spokesperson of the Environment Ministry said the Indian negotiators do not wish to comment "as negotiations are going on". The cover text also doesn't mention when a loss and damage finance facility will be launched and what its contours will be. Poor and developing countries have demanded that the COP27 concludes with a decision to launch a fund to address loss and damage -- a term used

COP27 draft text omits India's proposal of phasing down all fossil fuels
Updated On : 17 Nov 2022 | 4:04 PM IST

No sector, fuel source should be singled out for action: India at COP27

No sector, fuel source or gas should be singled out for action in the fight against climate change, Environment Minister Bhupender Yadav has said at the UN climate summit in Egypt. India had proposed on Saturday that the talks wrap up with a decision to "phase down all fossil fuels". The call received support from the European Union on Tuesday. Participating in a BASIC ((Brazil, South Africa, India and China) ministerial meeting on Tuesday night, Yadav said developing countries should be provided their fair share of the full carbon budget and it can be done by "monetising the carbon debt of the developed countries". "In climate action, no sector, no fuel source and no gas should be singled out for action. In the spirit of the Paris Agreement, countries will do what is suitable as per their national circumstances," Yadav said. India also clarified that just transition cannot mean de-carbonisation for all countries. "For India, just transition means transition to a low-carbon ...

No sector, fuel source should be singled out for action: India at COP27
Updated On : 16 Nov 2022 | 12:13 PM IST

COP27: Big polluters talking, voices of climate vulnerable stifled

There is work being done to put a draft cover text which will be the main outcome text and will capture the main issues which will be presented for resolution at the end of COP27 scheduled close

COP27: Big polluters talking, voices of climate vulnerable stifled
Updated On : 14 Nov 2022 | 2:45 PM IST

Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak

Business Standard brings you the top headlines this hour

Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak
Updated On : 13 Nov 2022 | 9:12 AM IST

Paris Agreement requires phase down of all fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday said meeting the long-term goal of the Paris Agreement requires "phase down of all fossil fuels", sources told PTI. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks said. The move paves the way for fierce debates during the second week of talks being held in the resort town of Sharm el-Sheikh from November 6 to 18. Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, Indian negotiators told the Egyptian COP27 presidency that meeting the long-term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more harmful or labelling them 'green and sustainable' even when they are sources of greenhouse gases, has no basis in

Paris Agreement requires phase down of all fossil fuels: India at COP27
Updated On : 13 Nov 2022 | 7:01 AM IST

Paris agreement goal requires phase down of fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday proposed that the talks wrap up with a decision to "phase down all fossil fuels" including oil and gas, sources said. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks told PTI. Indian negotiators told the Egyptian COP27 presidency of climate talks that the basic principles of common but differentiated responsibilities, equity, and nationally determined nature of climate commitments under the Paris Agreement "need to be strongly emphasised in the cover decision text". Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, India said that meeting the long term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more .

Paris agreement goal requires phase down of fossil fuels: India at COP27
Updated On : 12 Nov 2022 | 10:44 PM IST