Energy News 25th May 2022
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Digital technologies can reduce emissions by up to 20 pc: WEF study | Power Minister chaired reviewed meet with various state officials | Davos 2022: crude at $110 per barrel is 'not sustainable', Indian energy minister says | |||
Davos: Digital technologies can reduce greenhouse gas emissions by up to 20 per cent by 2050 in the three highest-emitting sectors -- energy, mobility and materials, the World Economic Forum said on Tuesday. As businesses and governments respond to global calls for action to tackle climate change, significant efforts must be put in place to achieve net zero, but a Read more... | New Delhi: Union Minister for Power and New & Renewable Energy, Shri R K Singh, chaired a Review Planning & Monitoring Meeting (RPM) with various state officials, yesterday. Shri Singh led discussions on the maintenance of Coal stocks, Genco, and EESL dues and reviewed progress under RDSS.Compliances under various schemes, such as PM KUSUM, Rooftop Solar, RPO, and Corporate Read more... | Crude oil price at $110 per barrel is not sustainable in the long term as it could lead to overall inflation and affect consumption across countries, India's minister of petroleum and natural gas said on Tuesday. Oil prices surged this year following the Russia-Ukraine crisis, with Brent crude, the global benchmark for two thirds of the world's oil, rising to a notch below $140 in March over concerns of supply disruptions. Read more... | |||
| UN body makes ‘breakthrough’ on carbon price proposal for shipping | India to launch national green hydrogen mission in 2 months | Argentina to ease exchange control for oil and gas companies | |||
Countries have agreed on the need to put a carbon price on shipping emissions after more than a decade of resistance, which campaigners have hailed as a “major breakthrough”. At the International Maritime Organization (IMO) last week, countries broke a deadlock on mid-term measures to decarbonise the industry.The meeting concluded that there was consensus to price shipping :Read more... | The union government plans to launch a comprehensive green hydrogen mission in two months to take forward the green hydrogen policy announced in February, officials familiar with the development said. The mission is expected to announce a green hydrogen purchase obligation in fertilizer production and petroleum refining, akin to renewable purchase obligations (RPO). Noting that the national green hydrogen policy outlined the “preparatory measures", an official said: “What we will have is a full-fledged national green. Read more... | Buenos Aires: Argentina on Tuesday announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production. In an area known as Vaca Muerta in Patagonia, Argentina has what is considered the second-largest shale gas reserve in the world and the fourth largest of shale oil. Extraction has been hampered by a lack of much-needed but costly investment, especially for. Read more... | |||
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| Power ministry urges coal ministry to nudge CIL, SCCL to scale up output by 10-12% | Thiruvananthapuram to be developed as solar/RE city | Exploring a new avenue for the manufacture of magnesium batteries to complement lithium models | |||
The Power Ministry has urged the ministry of coal to take steps for increasing output by 10 to 12 per cent from Coal India Ltd and its arm Singareni Collieries Company Ltd (SCCL) this fiscal year as electricity outages are hurting economic revival. "Power ministry has asked the coal ministry to raise CIL's and SCCL's output for the power sector by at least 10-12 per cent in the current financial year to ensure uninterrupted power supply and prevent any outages that could hurt country's economic revival," a source said. Read more... | The state government has selected Thiruvananthapuram to be developed as asolar/renewable energy (RE) city as part of the Central government’s initiative for the expansion of renewable energy through implementing the concept. The state government has envisaged adoption of solar/RE city as part of its efforts to enhance energy security and mitigate climate change risk. State nodal agency - agency for new and renewable energy research Read more... | A UCO research group, in collaboration with the University of Xiamen and the Bulgarian Academy of Sciences, has studied, on a laboratory scale, the feasibility of magnesium batteries using a new compound as a cathode. Since the 1990s lithium-ion (Li-ion) batteries have dominated the market to power electronic devices. However, this material is saddled with some problems, such as its scarcity and geographical concentration, mainly found in areas of Latin America and Asia. Read more... | |||
| Maharashtra government signs Rs 50,000 crore MoU in Davos for renewable energy | New approach to making electrodes could make battery manufacture less space-demanding and more energy efficient | ||||
MUMBAI: The Maharashtra energy department on Tuesday signed an MoU of Rs 50,000 crore with ReNew power, one of India’s leading renewable energy companys, at Davos for investments in renewable energy in the state for the next six to seven years. It was signed in the presence of Maharashtra tourism and environment minister Aaditya Thackeray in Davos, where he is attending the World Economic Forum (WEF) Read more... | The idea behind batteries is to make the planet greener, but they all start their lives as energy-demanding environmental liabilities. Research scientists at SINTEF have succeeded in making batteries cheaper and simpler using a process that requires much less energy consumption."It's a new approach to manufacturing battery electrodes," says Researcher Tor Olav Sunde at SINTEF.In 2019, Tesla paid about NOK 2 billion for the American company Maxwell Technologies Read more... | ||||
WEC India Energy Handbook mobile application is a compendium of Indian and Global energy sector. The handbook is conceptualized as a ready reference for the energy professionals, covering key energy indicators, trends, source wise electricity generation, fossil fuel prices, top producers of electricity and reserves in the form of user interactive charts and graphs. The handbook also gives insight to global and Indian scenarios by organisations like IEA, EIA and WEC till 2040."