-
How much will it cost to wean Indonesia off coal? This is a pressing question for world leaders and climate policy-makers around the world in the lead-up to this year’s COP27 climate summit, set to take place in Sharm el-Sheikh, Egypt this November. Just before the summit, in which the world’s premier politicians, scientists, policymakers,…
-
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or $93 billion, of the arranged financing for coal projects last year, followed by U.S. banks, which were at a distant second with $10…
-
This prototype bicycle can extract moisture from the air and condense it to make drinking water. Fontus: This is the name of this bike imagined by the Austrian designer Kristof Retezár and which aims, in addition to offering a means of transport, to dishevel its owner by providing him with…
-
The Russian government is returning export duties on coal. The new duties will be effective from March 1, 2024 to February 28, 2025. The tax will range from 4% to 7% depending on the ruble exchange rate, but will not apply at the exchange rate of less than 80 rubles…
-
Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi has stated that India’s coal import for the power sector is projected to reduce to 2% by 2025, attributing the decrease to a substantial increase in domestic coal production. Joshi indicated that the total coal production for this year is poised to exceed one billion…
-
Russian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, Reuters reports, hitting over $14 billion despite Western sanctions following Russia’s 2022 invasion of Ukraine. According to Reuters, Rosneft’s 2023 net profit surged by 47.2% to 1.3 trillion rubles–the equivalent of approximately $14.7 billion. Earnings before EBITDA jumped 17.8%…
-
India’s energy sector will be needing an additional 28GW coal-fired power generation capacity by 2032, advisory body Central Electricity Authority (CEA) stated. These additions will be needed on top of the 25GW in thermal coal projects currently under construction. In its ‘Draft National Electricity Plan (Vol-1 Generation) CEA gives these…
-
India will increase the size of its thermal power fleet, the country’s power minister said, to meet an increased demand for power. India said it would add another 88GW of new power capacity by early 2032—63% more than India’s plan that it published just seven months ago. And most of that will be coal-fired power,…
-
Shell has projected that liquefied natural gas (LNG) will replace coal as a leading driver of Chinese and other Asian economies. According to the firm’s LNG Outlook published today, demand will rise by 50 percent by 2040 and global LNG trade will grow to around 625-685m tonnes per year, up from the 404m tonnes traded…
-
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal. “Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tonnes a year in…