New and cleaner options could soon replace the role of gas-based power in meeting peak electricity demand – EQ
In Short : Allocating more domestic gas to gas-based power plants or allowing the blending of liquefied natural gas (LNG) with domestic fuel could improve the affordability of gas-fired electricity needed to meet peak demand. In Detail : As energy storage attains commercial viability and round-the-clock renewables capacity increases in the medium-term, the role of […]
NTPC can acquire stranded thermal power plants rather investing in new projects: IEEFA – EQ Mag
According to the Institute for Energy Economics and Financial Analysis (IEEFA), acquiring and reviving stranded thermal power plants is a better option for all stakeholders, including NTPC. Strategic acquisitions and subsequent revival of stranded thermal power plants by state-owned NTPC can help banks clear their balance sheets, IEEFA has said. According to the Institute for […]
Old North Sea Oil Field to be the Site of the World’s First Cross-Border Carbon Storage Project – EQ Mag
Meeting climate change goals will require countries around the world to not only cut back on emissions, but also scrub CO2 that’s already been released from the air. Carbon capture and storage (CCS) is now ramping up to become of the most popular solutions for tackling climate change. Denmark has just kicked off its plan […]
India’s renewable energy sector ripe for global, domestic investments: IEEFA – EQ Mag
Upcoming Union Budget offers the Indian government an opportunity to introduce reforms and streamline policies to attract investors Key Takeaways: Renewable energy companies are getting ready to ride the next wave of sectoral reforms to accelerate India’s growth as a sustainable energy economy. Along with developments in the generation, distribution, and transmission of renewable energy […]
Greater ESG rating consistency could encourage sustainable investments: IEEFA – EQ Mag Pro
Inconsistent ESG rating practices amongst rating providers do not necessarily measure a company’s impact on society and the planet. Utility companies transitioning or already contributing to a low-carbon economy could have their sustainability impact downplayed. Recommendations include standardizing transparent frameworks for rating methodology and disclosure over time; adopting mandatory reporting of each E, S, and […]
To Build or Not to Build: Keeping Pakistan’s Hydropower Reliance in Check – EQ Mag Pro
Without taking into account the realities and risks during implementation, an over-reliance on hydropower could lead to a vulnerable energy system in Pakistan. Projects that are yet to achieve their financial closure or begin construction should be put on hold. Recommendations include installing floating solar on existing reservoirs and canals, incentivizing private rooftop solar solutions, […]
Carbon capture: a decarbonisation pipe dream – EQ Mag Pro
Underperforming carbon capture projects considerably outnumber successful projects globally, and by large margins, with both the technology and regulatory framework found wanting, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, The Carbon Capture Crux – Lessons Learned, studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture […]
IEEFA: Carbon Capture Has a Long History. Of failure – EQ Mag Pro
Despite its long history, carbon capture is a problematic technology Capturing Scope 3 emissions, the biggest chunk of emissions created from using the product, is not being accounted for in “carbon-neutral” claims The entire efficacy of the carbon capture process has been called into question by the Intergovernmental Panel on Climate Change Carbon capture and […]
IEEFA: India Must Act Fast to Avoid Trailing in The Global Race for Green Hydrogen – EQ Mag Pro
India has joined the global race to develop a green hydrogen economy to bolster its energy security. After the release of India’s maiden green hydrogen policy, private and state-owned companies have made a flurry of announcements about setting up projects producing green hydrogen. Reliance Industries Limited (RIL) is betting big on green hydrogen. The company […]