New COP28 draft text does not mention phase out of fossil fuels

New COP28 draft text does not mention phase out of fossil fuels

A demonstrator protests against the use of fossil fuels during an event at the COP28 U.N. Climate Summit on December 11, 2023 in Dubai, United Arab Emirates. | Photo Credit: AP The U.N.’s climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, … Read more

Over 20 nations call for tripling of nuclear energy

Over 20 nations call for tripling of nuclear energy

France’s President Emmanuel Macron (C) poses for a family photo with other leaders and participants at the end of the Tripling Nuclear Energy by 2050 session at the United Nations climate summit in Dubai on December 2, 2023. | Photo Credit: AFP More than 20 countries called for the tripling of world nuclear energy capacity at U.N. … Read more

Paris Agreement requires phase down of all fossil fuels: India at COP27

Paris Agreement requires phase down of all fossil fuels: India at COP27

The negotiations at the U.N. climate summit last year (COP26) in Glasgow ended with an agreement on phasing down the unabated use of coal instead of phasing out The negotiations at the U.N. climate summit last year (COP26) in Glasgow ended with an agreement on phasing down the unabated use of coal instead of phasing … Read more

India lags in biomass co-firing targets

India lags in biomass co-firing targets

This recalcitrance by power manufacturers has prompted the government to consider cutting coal supply to non-compliant plants This recalcitrance by power manufacturers has prompted the government to consider cutting coal supply to non-compliant plants India has been severely lagging in ensuring that at least 5% of coal used in thermal plants was mixed with biomass … Read more

Solar companies are resorting to innovative technologies to fight climate change

Solar companies are resorting to innovative technologies to fight climate change

By Rahul Gupta, Climate change is happening right now and is real. It affects the planet in several ways, including making it warmer, disrupting weather patterns, and melting polar ice caps. A 2021 study found that 98.7% of climate experts indicated that the earth is getting warmer primarily because of human activity. There is overwhelming … Read more

Sustainable fashion: Leather is not the villain it is made out to be

Sustainable fashion: Leather is not the villain it is made out to be

Leather and sustainability appear to be opposites only if one’s view is skin-deep. (Image: Aranyani) By Aravind Balasubramanya,  Festivals such as Ganesh Chaturthi are around the corner. And around the corner from there are Eid and Diwali. What better excuse than the festive season to let out the shopper in you and enjoy some pandemic-free … Read more

Markets are divesting you from fossil fuels

Markets are divesting you from fossil fuels

By Nathaniel Bullard One of the oldest components of the Dow Jones Industrial Average disappeared from the popular market benchmark at the end of August. ExxonMobil Corp., a member since 1928 (when it was Standard Oil of New Jersey) and the world’s most valuable company as recently as 2011, had fallen in value over recent … Read more

WSJ News Exclusive | Libya Restarts Oil Production at Biggest Field

WSJ News Exclusive | Libya Restarts Oil Production at Biggest Field

Output at Libya’s Sharara oil field, seen here in 2014, has been shut almost continuously since early January. Photo: ismail zetouni/Reuters Oct. 11, 2020 10:50 am ET Production at Libya’s largest oil field restarted Sunday afternoon, Libyan officials said, a move that could quickly increase the country’s overall output after an extended shutdown and add … Read more

Oil Industry Is Fading Away in Land of the World’s Richest Reserves

Oil Industry Is Fading Away in Land of the World’s Richest Reserves

Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two … Read more

Turkey Looks to Vast Gas Discovery to Bolster Ailing Economy

Turkey Looks to Vast Gas Discovery to Bolster Ailing Economy

ISTANBUL—Turkey has identified a vast natural gas field in the Black Sea, President Recep Tayyip Erdogan said, a discovery that could help the country ease its reliance on energy imports. The reservoir, appraised by a Turkish drilling ship in July, contains 320 billion cubic meters of gas, Mr. Erdogan said Friday, a volume equivalent to … Read more