WEC India members Energy News 8th June 2023
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Asia-Pacific’s climate change challenge: Can it become cleaner and greener? | Hero MotoCorp charges up electric vehicle play | Oil Marketing companies likely to cut petrol-diesel prices: Sources | |||
The Asia Pacific region is experiencing a temperature rise that is causing significant environmental and social impacts. Simultaneously, domestic pollution aggravates the situation, posing severe risks to both human wellbeing and the environment. These issues are becoming increasingly urgent, and there is a growing need for immediate action to mitigate their effects. The increasing temperatures and domestic pollution stem from various factors, such as greenhouse gas emissions from human activities such as energy production, transportation, Read more... | Hero MotoCorp, which has long ruled the Indian roads with its internal combustion engine motorcycles, is looking to challenge the market share of Ola Electric, TVS Motor Company and Ampere in the country's fast-evolving electric two-wheeler segment. The company has commenced work on fast-tracking production and sales of Vida V1 - the first premium electric scooter it launched in December - by extending its distribution to 100 cities by the end of the Read more... | New Delhi: Oil marketing companies (OMC) are likely to reduce prices of petrol and diesel, according to government sources. The companies have almost recovered their losses and are nearing normalcy as evident by their positive quarterlyresults. As a result, the expectation is for the companies to lower the prices of petrol and diesel since they no longer face under-recoveries in these fuels, according to the source from the government said on Wednesday. Read more... | |||
| Express View on record carbon dioxide levels: Climate justice | Tesla recalls nearly 140 Model Y EVs over serious safety issue | Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers | |||
It’s now apparent that efforts to cut down GHG emissions are not making an appreciable difference. The latest warning has come from the National Oceanic and Atmospheric Administration in the US. Its observatory in Mauna Loa in Hawaii has reported that carbon dioxide levels in May have recorded a new high — 424 parts per million (PPM), up from 421 PPM in May last year. The agency’s data shows that carbon concentration grew at about 1 PPM per year till about the 1970s. But the rate of increase has spiralled since then. In the last decade, the annual increase touched 2.5 PPM. It has now crossed the 3 PPM mark. The current carbon levels are Read more... | Elon Musk-run Tesla has recalled 137 Model Y electric vehicles (EVs) in the US in response to an issue with the fastener for the steering wheel. According to the US National Highway Traffic Safety Administration's (NHTSA) safety recall report, 137 2022-2023 Tesla Model Y may possibly have a "loose" fastener that could cause disconnection of the steering wheel from its column. Tesla manufactured the recalled cars between June 23, 2022, and May 1, 2023, the report mentioned. According to the recall report, the driver "may lose steering control" if the fastener "allows the Read more... | Frankfurt, Jun 6 (AP) Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next year. Calling the reduction a "lollipop," Saudi Energy Minister Abdulaziz bin Salman said at a news conference that "we wanted to i Read more... | |||
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| Reforms in coal, mines sector led to increased revenues, production: Minister Pralhad Joshi | Delhi holds eighth standing committee meeting of International Solar Alliance | Full electrification of Uber and Lyft vehicles would provide only modest benefits to society, study shows | |||
State revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors, Union minister Pralhad Joshi said on Wednesday. | The eighth meeting of the standing committee of the International Solar Alliance (ISA) was held here in the national capital this week. The meeting, held on Tuesday, was chaired by Union Minister for Power and New and Renewable Energy RK Singh in his capacity -- the current President of the ISA. International Solar Alliance is an international organisation with 93 Member countries and 115 Signatory countries Read more... | news1 Both Uber and Lyft ride-hailing services have pledged to fully electrify their vehicle fleets by 2030 in the United States.The move would eliminate tailpipe pollution while shifting emissions to the power plants that provide electricity to charge EV batteries, likely resulting in a significant drop in overall emissions of climate-warming greenhouse gases.Good news all around, right? Hold on. A new study from researchers at the University of Michigan and Carnegie Mellon University estimates that the overall benefits to society of switching ride-hailing Read more... | |||
| Govt launches initiative to leverage emerging technologies in power sector | New study could help unlock improved batteries for electric vehicles and aviation | ||||
The government has launched a 'Mission on Advanced and High-Impact Research (MAHIR)' with a view to leverage emerging technologies in the power sector and make the country a manufacturing hub. The 'Mission on Advanced and High-Impact Research (MAHIR)' aims to facilitate indigenous research, development and demonstration of the latest and emerging technologies in the power sector, a power ministry statement said. By identifying emerging technologies and taking them to the implementation stage, the mission seeks to leverage them as the main Read more... | Significantly improved electric vehicle (EV) batteries could be a step closer thanks to a new study led by University of Oxford researchers, published today in Nature. Using advanced imaging techniques, researchers revealed mechanisms which cause lithium metal solid-state batteries (Li-SSBs) to fail. If these can be overcome, solid-state batteries using lithium metal anodes could deliver a step-change improvement in EV battery range, safety and performance, and help advance electrically powered aviationRead more... | ||||
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