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India's offshore wind sector has gained momentum as a result of the Prime Minister's announcement of net-zero targets at the last UN climate change summit(COP26). At the summit, India also announced its increased ambitions of installing 500 GW of non-fossil-fuels-based power generation capacity by 2030, inclusive of 30 GW offshore wind capacity.
The International Energy Agency (IEA) has outlined that nuclear power can help countries in securing energy transitions. In its report titled "Nuclear Power and Secure Energy Transitions: From Today's Challenges to Tomorrow's Clean Energy Systems," the IEA on Thursday said that nuclear power can "reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power". Without nuclear power, the costs and complications for building systems for energy transitions are important, the IEA noted. A total of 32 countries have nuclear plants and nuclear power is the second largest source of low emissions power after hydropower, the IEA said. According to the IEA, with the peak of oil, gas, and electricity prices, nuclear power is "likely to be further stimulated," Xinhua news agency reported.
The Wilderness Society and Friends of the Earth today filed suit over the Biden administration’s decision to offer 123 parcels covering nearly 120,000 acres (approximately 188 square miles) of federal land for oil and gas drilling on June 29 and 30. The Bureau of Land Management (BLM) is moving forward with the sale despite acknowledging that greenhouse gas pollution from the development of the leases could result in billions of dollars in social and environmental harm — the equivalent of adding hundreds of thousands of cars to the road each year. The lease sale will also commit these public lands to oil and gas drilling before BLM completes reforms to the federal oil and gas leasing program that the agency has recognized are needed.
China National Offshore Oil Corp. said it will increase spending on clean energy so that its carbon emissions peak by 2028, while also bringing forward its net-zero deadline to 2050, according to the company’s climate action plan released Wednesday. The offshore oil and gas giant’s spending on renewable energy will account for 10%-15% of its total over 2026-2030, from a range of 5%-10% announced last year for the period through 2025. The emissions counted will only be the company’s own, and won’t include those generated by the customers of its fossil fuels.
Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28. The Asia Pacific is the world’s biggest electricity consumer and carbon emitter, larger than Europe and North America combined. With strong demand growth and coal still accounting for over half of the power supply, the region has yet to peak carbon emissions and is at its infancy in the long journey to net zero. The path to success is now paved with even more obstacles as fuel and power prices soar, geopolitical tensions rise, supply chains are stressed and project developers face rising costs and unprecedented revenue risks. The big question now is whether the Asia Pacific can rise above these challenges and take a proactive role in the energy transition. How are companies dealing with economic pressures while recalibrating environmental and net-zero strategies?
As a resource-rich country on the leading edge of many clean energy technologies, Norway is uniquely well placed for the clean energy transition and now needs to advance strategies to tackle emissions in sectors where they are hardest to reduce in order to meet its ambitious climate targets, according to a new in-depth policy review by the International Energy Agency. Since the IEA’s last policy review in 2017, Norway has remained a global pillar of energy security with its ample reserves of oil and gas produced in an environmentally responsible manner. Norway is a significant and reliable international supplier, exporting close to 90% of its energy production. The IEA report recommends that Norway leverage its renewables-based electricity system and develop detailed, long-term sector-by-sector roadmaps backed by specific policy measures.
To provide grid integration and related infrastructure to serve the quickly expanding offshore wind business, grid automation solutions company Hitachi Energy has partnered with Jersey-based international service Petrofac. To enable the decarbonization of power networks and produce sustainable energy, the collaboration leverages the complementary core technologies and offshore wind industry knowledge of both firms. Both high-voltage alternating current (HVAC) and high-voltage direct current (HVDC) systems are covered. The growing pipeline of offshore wind projects will be targeted for Hitachi Energy’s HVDC Light and modular HVAC grid technologies and solutions, as well as Petrofac's engineering, procurement, construction, and installation capabilities for offshore platforms and offshore and onshore civil works.
The Global Methane Market will be analyzed based on key market vendors, their product benchmarking, SWOT analysis, and the company’s financial data such as annual revenue, research and development expenses, net income, and geographical presence. The key vendors in the Global Methane Market include Gasrec Ltd., CNG Services Ltd, Arrow Energy., BG Group, Baker Hughes, Dart Energy, Blue Energy, BP Plc, SGN, VERBIO, MagneGas, Gazasia Ltd, Biogas Products Ltd., Schmack Carbotech GmbH, SoCalGas, ConocoPhillips, China United Coalbed Methane, Encana Corp, Halliburton, Fortune Oil Plc, Metgasco Ltd, Origin Energy, Petronas, Nexen. These vendors are actively involved in organic and inorganic strategies to increase their market share and expand their geographical presence. Organic growth strategies include product launches, geographical expansion, R&D expenses, and organization restructuring. Inorganic growth strategies include merger & acquisition, partnership, and strategic collaboration. The Methane market report shows the competitive scenario of the major market players dependent on the sales income, client requests, organization profile, and the business tactics utilized in the market which will help the emerging market segments in making vital business decisions. This study also covers company profiling, specifications and product picture, market share, and contact information of various regional, international, and local vendors of the Global Methane Market.
Every new passenger car sold in the world will be electric by 2040, according to Exxon Mobil CEO Darren Woods in an interview aired this weekend by CNBC. The interview also covered the company’s climate ambitions, putting a flashy coat of paint on an organization that is the world’s fifth-largest historical polluter and has pushed climate denial at a high level for half a century. Exxon Mobil CEO Darren Woods sat down with CNBC’s David Faber for a long interview about climate change. The full interview is 35 minutes long (on top of a previous hour-long interview) and mostly discusses climate change and Exxon’s carbon capture and storage desires.
OSAKA, Japan, June 26, 2022 (GLOBE NEWSWIRE) -- The Global Energy Harvesting System Market size is estimated to grow at a CAGR of 10.5% over the forecast period and reach a market size of USD 1,183 million by 2030. Over the last decade, the research and development community has grown increasingly interested in harvesting energy from non-conventional environmental sources for low-power applications. Despite the small amount of energy harvested, it is suitable for wireless sensor nodes and other low-power applications. There is a lot of wasted energy in the environment that can be converted into energy to power various applications, revealing a potentially inexpensive power source. However, energy harvesting systems are important as they provide a backup and alternative source of power for electrical equipment in areas where conventional sources are prohibitively expensive. When used in conjunction with wireless sensor nodes and IoT devices, this system eliminates cables and batteries, lowers maintenance costs, eliminates the need for network-based energy and traditional batteries, and is environmentally friendly. It has the same advantage in remote areas, underwater, and other difficult-to-reach locations where conventional batteries and electricity are insufficient. As a result of these factors, there seems to be a significant focus on energy harvesting systems throughout all market segments.
Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as the least emissions-intensive sites, it finds.
US President Joe Biden convened the Major Economies Forum on Energy and Climate (MEF), bringing together Heads of State or Government from more than 20 countries, along with other high-level officials. Leaders provided updates on the status of their nationally determined contributions (NDCs) submitted under the Paris Agreement on climate change and announced several joint initiatives, including, the Global Methane Pledge Energy Pathway.
New Delhi: State-owned CIL is looking at green mining options by leveraging a slew of eco-friendly technologies in both underground and opencast mines, a move that would help in augmenting the production and reduce the adverse impact on environment. With land turning out to be a major pain point for expansion of coal mining operations, these technologies bypass land acquisition and avoid its degradation. "Coal India Ltd (CIL) is taking a close look on green mining options in a bid to minimize adverse environmental impact by leveraging a slew of eco-friendly technologies in its underground and opencast mines," the maharatna firm said.
State Secretary of the German Ministry for Economic Cooperation and Development Jochen Flasbarth, who is on a two-day visit to India, held meetings with a number of officials from the Environment, Coal and the External Affairs Ministries.
Companies across the world are rethinking their investment plans which largely comes through prodding from their environmentally concerned investors.
Muscat: Oil and gas companies in Oman are increasingly adding green practices into their operations, to help sustain the environments in which they operate over the long-term. While some choose to recycle the water brought up to the surface during oil extraction by building wetlands that help local species of animals and birds thrive while reducing desertification, others are setting up facilities that produce far fewer pollutants during the process of oil refining.
TORONTO—Major oil companies, under pressure from investors and environmentalists, are fleeing Canada’s oil sands, the fourth-largest oil reserve in the world and by some measures one of the most environmentally unfriendly. Investment in existing projects has stalled, and banks are refusing to fund new ones. Nevertheless, oil production there is expected to continue for at least two more decades. Local companies have stepped in to keep working the existing mines and wells. Last year, the oil sands were on track to deliver more oil than ever.
Cape Town Dec. 06 Royal Dutch Shell's plans to explore for oil along a stretch of pristine coastline raised the ire of local activists on Sunday as hundred gathered on beaches around South Africa, calling for the oil giant to stop prospecting.