Renewable Cost Drop Leaves 80% Coal Plants Uneconomical in the US: Report
A new report titled the 'Coal Cost Crossover 2.0' published by energy and climate policy firm Energy Innovation has noted that 80% of the coal-fired power plants in the United ...
NTPC’s 520 MW Hydropower Project Damaged in Glacier Burst and Floods
A glacial lake burst led to a rise in water levels in the river Rishiganga in Uttarakhand, damaging part of NTPC's 520 MW Tapovan Vishnugad hydropower project which was under ...
Europe to Lead the Way in Green Energy Transition, Says MIT Report
The MIT Technology Review, in association with Citrix, Morgan Stanley, and Salesforce, has come out with a new report named the 'Green Future Index' that has ranked 76 countries on ...
Investing in Climate Adaptation Would be a Sound Economic Decision: UN Report
The UN Environment Programme (UNEP) has released a report that says nations must boost their efforts to adapt to the changing climate scenario to avoid dire consequences in the future ...
West Bengal Tops List of States Buying ‘Dirty’ Coal-Based Power
West Bengal tops the list of states buying 'dirty' coal power, according to the latest coal power procurement assessment conducted by the Centre of Science and Environment (CSE). The assessment ...
Government Announces Financial Sops to Boost Ethanol Production
The Department of Food & Public Distribution (DoFPD) has announced that it would extend financial assistance to project proponents to enhance their ethanol distillation capacity. The move is in line ...
Siemens Energy to Stop Support for Development of New Coal-Fired Projects
Germany's Siemens Energy has announced that it will discontinue support for new coal-fired power projects. However, the company will continue to offer new technologies like gas-fired projects and components for ...
CERC Asks Power Ministry to Stay Out of its Regulatory Jurisdiction for Electricity Act
The Central Electricity Regulatory Commission (CERC) has issued an advisory for the recent draft rules proposed by the Ministry of Power (MoP), asking it to work in harmony by honoring ...
Tata Steel to Collaborate with CSIR to Deploy Decarbonization Technologies
Tata Steel Limited and the Council of Scientific and Industrial Research (CSIR) have joined hands to work toward carbon capture, utilization, and storage (CCUS) to combat climate change and global ...
Australia to Invest $18 Billion in Low Emission Technologies Over the Next Decade
Australia’s Minister for Energy and Emissions Reduction, Angus Taylor, said that the government is expected to invest $18 billion through new investments in low emission technologies over the next ten ...
Airbus Plans Hydrogen-Powered Commercial Aircraft by 2035
Airbus, a Netherland-based multinational aerospace company, has announced its plans to develop the world’s first zero-emission commercial aircraft by 2035. According to its statement, the company is currently working on ...
IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal
International Finance Corporation (IFC), the financial arm of the World Bank Group, is advising its clients in the financial sector to increase their climate-related lending, reducing their exposure to coal ...
US Companies Ask Insurers to Say No to Fossil-Fuel and Support Renewable Businesses
Sixty U.S. companies have teamed up to persuade American insurers to ditch fossil fuel-based businesses. In a letter to insurers, these businesses said: “As insurance customers, we are expressing our ...
5.1 GW of Coal-Based Capacity to be Shut Down as Part of India’s Phase-Out Plan
Power companies have retired almost 14 GW of coal-based generation capacities over the last 18 years; power minister R.K. Singh informed the Lok Sabha. Some 164 thermal power generating units ...
Shutting Down Old & Under-Construction Coal Projects Could Save ₹1.1 Trillion: Report
In India, shutting down 20-year or older coal-fired power projects and scrapping under-construction thermal power projects could save the government, power distribution utilities, and consumers almost ₹1.1 trillion (~$15 billion), ...
Thermal Units May Recover Pollution Control Retrofit Costs Over 25 Years, Suggests CERC
Thermal power projects retrofitting pollution control systems on commissioned units will be allowed to recover their costs in parts from buyers during the tenure of power purchase agreements, Central Electricity ...
Germany Starts Bidding Process to Phase Out 4 GW of Coal-Based Projects
Germany’s power regulator, Bundesnetzagentur, has received bids from coal-based electricity generators keen on phasing out their capacities against a compensation. In a statement, Bundesnetzagentur said that a maximum of 4,000 ...
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
ADB Approves $300 Million for Facilitating 110 MW of Geothermal Power in Indonesia
The Asian Development Bank (ADB) has approved a loan of $300 million (~₹22.4 billion) to help PT Geo Dipa Energy (GDE), an Indonesian state-owned company, to expand its geothermal base ...
Municipal Solid Waste-Based Project Stranded Due to COVID-19 Disruption
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has directed UP Power Corporation Ltd (UPPCL) and Ecogreen Energy Lucknow Pvt Ltd to come up with a firm agreement for the amended ...
Power Finance Corporation to Fund 225 MW Hydro Project in Madhya Pradesh
Government-owned Power Finance Corporation (PFC), a non-banking finance company (NBFC), has signed a memorandum of understanding (MoU) with Narmada Basin Projects Company Ltd (NBPCL) to fund 225 MW of hydroelectric ...
European Commission and India to Cooperate on Integrated Local Energy System Solutions
The European Commission’s (EC) Innovation and Networks Executive Agency (INEA) and the Indian Department of Science and Technology (DST) have called for proposals that make use of existing local energy ...
Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for ...
Singapore’s EMA and Keppel Sign $10 Million MoU for Green Innovations in Marine Sector
Singapore's Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) have announced that they have signed a memorandum of understanding (MOU) and entered into a $10 million (~₹759.42 ...
Another Japanese Bank Says No to Financing New Coal-Powered Projects
Japan-based Sumitomo Mitsui Financial Group Inc (SMFG) has decided not to provide support to the newly-planned coal-fired power projects. The policy change will come into effect from May 1, 2020 ...
