Energy News 28th April 2022

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Kerry warns world will blow through critical climate change threshold unless global leaders step up	India power minister tells states to step up coal imports for 3 years	Reduce fuel tax 'in spirit of cooperative federalism', PM Modi to states
US Climate Envoy John Kerry warned Wednesday that world leaders will blow through a critical climate-change threshold unless they dramatically accelerate the transition to clean energy. “Let me be absolutely clear: we’re heading to well over 2 degrees right now — 2.7, or something like that,” Kerry said, speaking at Foreign Policy magazine’s Climate Summit. Read more...	India's power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global prices for the fuel. The statement by Power Minister R K Singh puts a long timeline on a major policy reversal suggested this month, when the federal government asked utilities run by state governments to step up coal Read more...	New Delhi: Prime Minister Narendra Modi on Wednesday urged the states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism". During a virtual meeting with chief ministers, Prime Minister Modi stressed how the country fought a long battle against Covid with the spirit of cooperative federalism. "The same should be done for economic issues, given the impact of global issues like the Read more...
Climate change putting 4% of global GDP at risk, new study estimates	NTPC signs MoU with Energy Vault	Crude oil futures gain on spot demand
Climate change could see 4 per cent of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings firm S&P Global, which gives countries credit scores based on the health of their economies, published a report on Tuesday looking at the likely impact of rising sea levels, and more regular heat waves, droughts Read more...	To collaborate on gravity based energy storage technology and software solutions NTPC signed a Memorandum of Understanding (MOU) with Energy Vault Holdings, Inc. (Energy Vault), a leader in sustainable, grid-scale energy storage solutions. The objective of the MOU is to collaborate and formalize a long-term strategic partnership for deployment of Energy Vault's EVx gravity-based energy storage technology  Read more...	New Delhi: Crude oil prices on Wednesday rose by Rs 6 to Rs 7,875 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 6 or 0.08 per cent at Rs 7,875 per barrel in 5,580 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Read more...
Appropriate coal stocks in country: Pralhad Joshi	PM Modi’s visit to Europe: Arctic, defence, security and renewable energy to be the focus	New Energy Storage System Is More Efficient and Potentially Transformative
New Delhi: The government on Wednesday said there is an appropriate amount of coal stocks in the country and there is no need to panic. Coal Minister Pralhad Joshi said: "The country has enough coal stock. The thermal power plants have more than 9 days' coal stock... the situation is reviewed each day." He said the coal stocks are sufficient in the country and there is no need to panic. Read more...	In his first foreign visit this year (2022), Prime Minister Narendra Modi is heading towards Europe next week. The visit to Germany, Denmark and France comes at a time when the Russian war over Ukraine continues, and Europe as a bloc has imposed stringent sanctions on Russia. Giving details about the visit to these three countries, the Ministry of External affairs in its official statement said, “The visit starts on May 2, 2022, and the first Read more...	Every technology that runs our world requires energy on demand. Energy must be stored and made available in order to power electronic devices and illuminate buildings. The large variety of devices that require on-demand energy has resulted in the development of several energy storage strategies. Many energy storage systems use a combination of chemical and electrical processes to change the form of energy. This process produces an interface,  Read more...
	Cabinet approves Rs 4,526.12 cr investment for Kwar hydro power project in J&K	Green technology breakthrough: Hematite photocatalyst using sunlight energy simultaneously produces hydrogen and hydrogen peroxide
	The Union Cabinet on Wednesday approved a proposal to invest Rs 4,526.12 crore to construct 540 MW Kwar hydroelectric project in Jammu & Kashmir. "Cabinet has approved construction of 540 Megawatt Kwar Hydro Electric project at a cost of Rs 4,526.12 crore," Union Minister Anurag Thakur said in a briefing on the cabinet decisions.It was informed that the project will generate 1,975.54 million units Read more...	Using a hematite (*1) photocatalyst (*2), a joint research team has succeeded in producing both hydrogen gas and hydrogen peroxide (*3) at the same time from sunlight and water. The team included the following members from Kobe University: Associate Professor TACHIKAWA Takashi (of the Molecular Photoscience Research Center) Professor TENNO Seiichiro (Graduate School of System Informatics/ Graduate School of Science, Technology, and Innovation), Associate Professor Read more...