COAL PHASE DOWN
Major world economies seek to halt new private sector coal financing
OECD plan instructs financial institutions to stop funding coal projects. Calls for financing early closure of coal plants and supporting clean energy. Policy aims to set a standard for dealing with coal infrastructure.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
Why India cannot ignore coal anytime soon
Coal remains crucial in India's energy system with active policy needs. Achieving net zero demands nuclear and renewable energy. The report covers diverse pathways, emissions projections, and involvement of key entities for a sustainable energy transition.
More fuel for India's tank at this stage
India is strategically increasing energy consumption from fossil fuels while emphasizing renewables, aligning with its sustained economic growth. The focus on fossil fuels is driven by low per-capita energy consumption and expectations of growth in manufacturing exports. The country aims to achieve a comprehensive energy transition in the future, acknowledging the current industrialization phase. India's ambitious targets for renewables coexist with the growth in fossil fuel consumption, aligning with historical patterns observed during economic surges.
Desire management, the quantitative way: A set of stocks for those who wish to do trade and invest at the same time
Out of 50 stocks, only 7 have delivered negative returns in the last one year. Out of these 7 stocks, four stocks belong to one industrial house which faced headwinds at the start of 2023. 6 stocks have delivered more than 100 percent return and 26 stocks have gained more than 20 % in the last one year. If you had focussed only on these set stocks and either invested or only traded in them only, the possibility of being able to satisfy your desire to be a trader and investor at same time would have been met.
Global coal demand expected to decline in coming years: IEA
At the annual UN climate conference in Dubai, nearly 200 countries clinched a breakthrough deal which calls for the world transition away from all fossil fuels, the primary reason for the climate crisis, in a fair and equitable way. Though the 21-page cover decision urged countries to accelerate efforts to phase down unabated coal power, it did not explicitly mention oil and gas.
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Global coal demand expected to decline in coming years: IEA
The projected decline in global demand for coal - which is currently the largest energy source for electricity generation, steelmaking and cement production, but also the largest source of carbon dioxide (Co2) emissions from human activity - could mark a historic turning point, the IEA said.
How COP's fossil fuel taboo was finally broken by the Emiratis
Nearly 200 countries adopted on Wednesday a deal stating that the world will be "transitioning away from fossil fuels" in order to achieve net-zero emissions by 2050.
COP28: Nations inch closer to historic deal on fossil fuel transition; India, China push back on coal
After nearly two weeks of intense negotiations, countries are close to achieving a historic deal on a "transition away from fossil fuels," with emerging economies like India and China resisting the focus on coal. This marks a shift from the earlier proposal of a "phase-out of fossil fuels," which faced criticism from many Global South countries and oil-dependent economies like Saudi Arabia.
COP28 draft is "diplomatic-speak, not science-speak", misses fossil fuel phase-out, sparks criticism
The latest draft urges countries to take action to diminish planet-warming pollution, potentially encompassing reductions in the consumption and production of oil, coal, and gas. Critics have decried the draft for its vague language and absence of concrete timelines.
New COP28 draft text does not mention phase out of fossil fuels
The relevant section of the text said that parties recognize "the need for deep, rapid and sustained reductions in GHG (greenhouse gases) emissions and calls upon Parties to take actions that could include, inter alia:
Can't phase out coal power until storage, tech viable: Power Ministry
In its view sent around the beginning of United Nations' annual climate change conference to the ministry of environment, forest and climate change, which is leading the discussions at COP28 in Dubai, the power ministry cleared its stance on coal power, stating that until storage and abatement technologies become a viable option, phasing out of the fuel cannot be agreed to.
COP28: India silent on fossil fuels phase-down despite green push
Despite its aggressive renewable energy targets and its role in the adoption of the G20 commitment to triple renewable energy capacity, India has so far maintained a studied silence on the issue of fossil fuels at the ongoing UN Climate Conference in Dubai.
Observers see OPEC 'panicking' as COP28 climate talks focus on possible fossil fuel phase-out
COP28 Director General Majid al-Suwaidi downplayed the OPEC letter, saying the UAE team running the climate conference has been meeting with negotiators to get an ambitious deal. The oil cartel has no formal link to the climate negotiations.
There’s a way to quit coal without wrecking jobs and communities
Coal, the dirtiest fossil fuel, still generates about a third of the world’s electricity. It’s especially common in emerging economies.
The Heat List: Nifty 500 companies emit 1 billion tonnes CO2e in FY23
Increase in Nifty 500 firms’ emissions is in line with the 5% annual increase in India’s overall emissions to 3.9 billion tonnes of CO2e in calendar year 2022, constituting 7.3% of the world’s total emissions of 53.8 billion tonnes. “The increase in emissions is likely because of high fossil fuel consumption,” said Pradeep Panigrahi, head, corporate sustainability, Larsen & Toubro.
To phase out or phase down fossil fuels? That is the question at COP28 climate talks
Climate negotiators at the United Arab Emirates-hosted conference focused on the main cause of global warming: fossil fuels. They produced a new draft of the core document of the UN talks, the Global Stocktake, which has many possibilities and must be agreed upon by consensus. The central issue of the conference is to reach a conclusion about the phasing out of fossil fuels, and the discussions highlight whether we are doing enough to curb emissions, adapt and prepare for climate change.
Fossil fuel 'phase out' put on table for COP28 climate talks
At the UN's COP28 climate conference, nations are considering advocating for a fossil fuel phase-out in the summit's final deal, as revealed in a draft negotiating text. Global carbon dioxide emissions from fossil fuels are projected to hit a record high this year, worsening climate change.
COP28: 117 countries agree to triple renewable energy, to push out fossil fuels
The pledge was among a slew of COP28 announcements on Saturday aimed at decarbonizing the energy sector - source of around three-quarters of global greenhouse gas emissions - that included expanding nuclear power, cutting methane emissions, and choking off private finance for coal power. Led by the European Union, United States and UAE, the pledge also said tripling renewable energy would help remove CO2-emitting fossil fuels from the world's energy system by 2050 at the latest.
What's the plan for this year's COP28 climate summit?
The main task at COP28 is a first-time assessment of countries' progress towards meeting the 2015 Paris Agreement's goal of limiting the global temperature rise to "well below" 2 degrees Celsius, while aiming for 1.5C.
France, US to propose ban on private finance to coal-fired plants at COP28
France, backed by the US, plans to halt private financing for coal-based power plants during the U.N. climate conference. The plan, known as the "New Coal Exclusion Policy", will deepen divisions at the COP28 summit in Dubai. India and China oppose any attempt to block coal-fired power stations for their energy-hungry economies. India plans to resist the push for a fossil fuel phase-out or phase-down at COP28.
Global fossil fuel production plans threaten climate goals, says report
The report says the near-term increase in coal production is led by India, followed by the Russian Federation, both planning significant increases in coal production through 2030.
COP28 climate dispute: what are 'unabated' fossil fuels?
As countries convene for the COP28 climate summit in Dubai later this month with the shared goal of expediting the transition away from fossil fuels, a single, somewhat ambiguous term is poised to trigger significant debate and disagreement: "unabated."
At Sherpa meet, G20 members agree to phase down unabated coal power
The cue was taken from the Bali declaration where the phrase “phasedown of unabated coal power” found agreement among all members. The language has also been used earlier in the UNFCCC Glasgow Climate Pact and the Sharm el-Sheikh Implementation Plan. Unabated coal power is generally understood to mean coal power without carbon capture utilisation and storage.
US supports India's call to phase down all fossil fuels
Till now, the US had been silent on India's proposal at COP27, which was made on Saturday during a consultation held by the Egyptian presidency of the conference on the cover decision. India had suggested that the cover decision should have explicit language on phasing down all fossil fuels.
India for phase-down of all fossil fuels, not just coal
Last year in Glasgow, India had raised the issue of needing to phase-out all fossil fuel as against singling out one category of fossil fuel, namely coal. This was perceived as a defensive response to the growing calls "for ending the use of coal", and did not garner any support, observers said.
India wants ‘phase down’ to apply to all fossil fuels at COP27
The request is likely to put India at odds with other countries within its “Like-Minded Group of Developing Countries” negotiating bloc, like China and Saudi Arabia, who have typically acted as a brake on more climate ambition.
China defends joining with India on coal 'phase down' instead of 'phase out' at COP26
China asked developed countries to stop using coal first and provide financial aid to developing countries to adopt green technologies as it defended its move to join hands with India in calling for phase-down instead of phase-out of coal in the final text of the COP26 conference declaration.
Climate experts support India's stand on 'phase down' of coal at COP26
Almost 200 nations at the UNFCCC COP26 in Glasgow accepted a compromise deal on Saturday, aimed at keeping the key global warming target alive, but it contained a last-minute change that watered down crucial language about coal.
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