Fossil fuel-producing members dispute goal of tripling renewable capacity by 2030 The G20 bloc of wealthy economies meeting in India failed to reach a consensus on phasing down fossil fuels on Saturday after objections by some producer nations. Scientists and campaigners are exasperated by international bodies’ foot-dragging on action to curb global heating even as […]
Rich countries pledge $2.7 bn to decarbonise Senegal economy – EQ Mag
A group of wealthy nations and multilateral development banks have promised to mobilise 2.5 billion euros to help Senegal reduce its dependence on fossil fuels, President Macky Sall said Thursday. “Senegal has committed to increasing the share of electricity generated by renewable energy to 40 percent by 2030 with financing to the order of 2.5 […]
Australia’s biggest pension funds raise investment in fossil fuels, activist group says – EQ Mag
SYDNEY : Australia’s 30 biggest pension funds in 2022 raised their investment to more than A$34 billion ($23 billion) in companies most responsible for expanding fossil fuels, environmental activist group Market Forces said. The superannuation or retirement funds increased by 50% over the past year their investment exposure to both Australian and foreign companies developing […]
India, China propose ‘multiple pathways’ on cutting use of fossil fuels: sources – EQ Mag
Multiple pathways for energy transition would enable countries to choose resources, even coal, while working towards plans on net zero emissions. The two countries are the top two consumers of coal in the world At the G20 meeting last month, India kept the focus on fossil fuels India and China have often taken common positions […]
All-Time High Global Subsidies on Fossil Fuels in 2022 Highlighted Difficulties in Energy Transformation whilst Lowering Electricity Tariffs – EQ Mag
Despite comprehending urgency in mitigation for climate change that requires swift actions in energy and industry transformations, governments of various countries still managed to arrive at an all-time high in subsidization for fossil fuel energy at US$1 trillion during 2022. The International Energy Agency (IEA)’s survey shows that governments of various countries are successively proposing […]
Green Energy Investment Tops $1 Trillion, Matches Fossil Fuels – EQ Mag
Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion last year, a report on Tuesday said Paris : Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion […]
Who Benefits from Tunisia’s Green Hydrogen Strategy? – EQ Mag
As the global energy sector sought to revamp itself over recent years, several countries around the world have joined a race toward green hydrogen –labelled “energy of the future”. Unlike grey hydrogen, made by fossil fuels (natural gas) and a significant source of greenhouse gases,1 2 green hydrogen is generated by electrolysis whereby water is […]
2021 SUPPORT FOR FOSSIL FUELS BY G-20 NATIONS REACHED HIGHEST LEVEL SINCE 2014 – EQ Mag Pro
BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries provided almost $700 billion in support for coal, oil, gas and fossil-fuel power in 2021 – up 16% from the year before New York : The 19 individual country members of the G-20 provided $693 billion in fossil-fuel support in 2021, thereby slowing down progress on […]
Dependence on fossil fuels unhealthy for environment, Economy: RK Singh – EQ Mag Pro
New Delhi: Global dependence on fossil fuels is unhealthy for environment and economy, said power, and new and renewable energy minister Raj Kumar Singh said on Tuesday. Addressing the Fifth Assembly of the International Solar Alliance (ISA) in his capacity as the president, the minister said that we have the tools to counter the dependence. […]
Rajnath Singh appreciates the Indian Army’s initiative to induct EVs, reduce dependency on fossil fuels – EQ Mag Pro
Government’s policy of FAME I & II have given tremendous boost to infrastructure development for sustaining the EV ecosystem in India. New Delhi: A demonstration of Electric Vehicles (EVs) was given to the Raksha Mantri Shri Rajnath Singh, Chief of Army Staff and senior officers of the Indian Army in New Delhi on 22 April […]
