Energy News 21 September 2022
WEC India Energy News
| |||||
| |||||
WEC India Energy Handbook Mobile Application
| |||||
 |  |  | |||
|---|---|---|---|---|---|
| EU plans to upgrade its Paris Agreement climate target - document | Vietnam's capital needs $887 mln investment for fully electric bus fleet | Norway's oil fund demands carbon neutrality by 2050 | |||
BRUSSELS, Sept 19 (Reuters) - The European Union plans to raise its target to tackle global warming under the Paris climate agreement, although the upgrade is unlikely to happen in time for this year's U.N. climate summit, according to a draft document seen by Reuters.A draft of the EU's negotiating mandate for the COP27 summit in November, seen by Reuters, said the 27-country bloc Read more... | Vietnam's capital Hanoi will need about 21 trillion dong ($887.27 million) in the coming years to replace all petrol- and diesel-powered public buses with electric alternatives, state media reported on Tuesday. Hanoi Transport Corporation (Transerco), the project's adviser and Hanoi's major bus lines operator, plans to convert around a fifth of the Read more... | Norway's sovereign wealth fund, the largest in the world, announced Tuesday that it will require that the approximately 9,000 companies it has invested in worldwide achieve zero net carbon emissions by 2050."We set a target of net zero emissions by 2050 at the latest for all companies," Carine Smith Ihenacho, the fund's chief governance and compliance officer, said while Read more... | |||
| Developed Nations Should Talk Less, Cooperate More On Climate Finance: Nirmala Sitharaman | eVolt India, Indian Oil Corporation tie up for installation of 75 EV charging stations | Russia mulling $50 billion hike in taxes on oil, gas in 2023-2025- reports | |||
Finance Minister Nirmala Sitharaman on Tuesday regretted that developed countries have not fulfilled their USD 100 billion commitment to developing nations to fight climate change and stressed that what is needed is more global cooperation and less talk.She noted that India has fulfilled all its commitments made at the COP21 climate change conference using its own funds and the country is gradually moving towards adopting renewable energy.The minister said already five years have passed since the developed Read more... | New Delhi, Sep 20 (PTI) Electric vehicle charging infrastructure startup eVolt India on Tuesday said it has tied up with Indian Oil Corporation for the installation of over 75 charging stations in Punjab, Haryana and Uttar Pradesh. As part of the awarded contract, the Delhi-based charging solutions provider will set up 3.3kW AC and 7.4kW AC charging stations for both two-wheelers and four-wheelers at the existing Indian Oil fuelling pumps in these key territories. Read more... | Russia is considering an increase in taxes on the oil & gas sector to $50 billion in 2023-2025 to help bridge the budget gap, according to Kommersant daily. The finance ministry has not released any comments.A deficit of 1.2% of Gross domestic product is expected this year and a deficit of 1.1% of GDP next year amid soaring spending for what Russia has called a “special military operation” in Ukraine. Sweeping western sanctions have weighed on the Russian economy further Read more... | |||
 |  |  | |||
| Coal rush! Energy crisis fires global hunt for polluting fuel | With less than four month to go, India still 39GW away from its 2022 solar target: Report | A new way to make electricity using ocean waves | |||
DAR ES SALAAM, Sept 20 (Reuters) - The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia's invasion of Ukraine drives a worldwide race for the polluting fuel. Tanzania traditionally exports thermal coal only to neighbouring countries in east Africa; sending it further afield was out of the question, as it required trucking the material Read more... | In 2015, the government of India had set the target of achieving 100 gigawatt (GW) of gridconnected solar installation by 2022. Now, with less than four months to the deadline of the solar target, India stares at an installation gap of ~39 GW, according to JMC Research.The 100 GW target comprises of 40 GW for grid-connected rooftop and 60 GW for gridconnected utility-scale projects. Till August 31, 2022, the cumulative grid-connected solar power capacity of India stands at ~61 GW, the report said. Read more... | A team of researchers at the Chinese Academy of Sciences has developed a new way to generate electricity using ocean waves. In their paper published in the journal One Earth, the group describes how their new device works and how well it compared to other wave power devices. Over the past several years, solar, geothermal and wind power have dominated the news surrounding the development of alternative energy sources. One source has been noticeably Read more... | |||
| Essar Group targets key role in building market for hydrogen | A new way to make electricity using ocean waves | ||||
North-west England's Stanlow oil refinery has stood near the banks of the river Mersey for almost 100 years. But, today, its managers want to ensure it has a low-carbon future over the next century. It produces about 17 per cent of road fuels in the UK and some heavy investment is going into decarbonising the facility -- funding plans to capture emissions and store them underground, Financial Times reported.India-based conglomerate, Read more... | A team of researchers at the Chinese Academy of Sciences has developed a new way to generate electricity using ocean waves. In their paper published in the journal One Earth, the group describes how their new device works and how well it compared to other wave power devices.Over the past several years, solar, geothermal and wind power have dominated the news surrounding the development of alternative energy sources. One source has been noticeably lagging—wave power. 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."