News Update

The Global Coal to Liquid Market Size accounted for USD 4,815 Million in 2021 and is estimated to achieve a market size of USD 7,013 Million by 2030 growing at a CAGR of 4.4% from 2022 to 2030. The Asia-Pacific region is expected to be the largest market for CTL fuels, with significant growth expected in countries such as China, India, and South Korea...

The price of permits on the European Union's carbon market hit 100 euros ($106.57) per tonne for the first time in February 2023, a milestone that reflects the increased costs that factories and power plants must pay when they pollute. The benchmark EU Allowance (EUA) contract rose to a high of 100.70 euros per tonne and was trading at 100.21 euros per tonne by 11.35 GMT...

After a turbulent year marked by dwindling gas supplies and soaring energy bills in 2022, Europe is now looking beyond emergency measures to explore long-term fixes to the energy crisis and lay the groundwork for the green transition...

Renewable sources are expected to dominate the growth of the global electricity supply over the next three years as together with nuclear power they meet the vast majority of the increase in global demand, according to a new International Energy Agency (IEA) report. The rise in the adoption of renewables would help in reducing carbon emissions from the power sector.

Australian coal exports to China have resumed gradually as domestic steel companies diversify sources of supply while gradually restoring confidence in Australian goods amid eased bilateral trade relations, industry insiders said. Customs clearance and other import procedures are taking place in an orderly manner after the first batch of Australian coking coal arrived at a port in South China's Zhanjiang on February 8, an industry insider told the Global Times on Friday on condition of anonymity. More Australian coal is expected to come later...

Manufacturing woes in the US includes hiring employees, finding equipment, sourcing spare-parts, sourcing raw materials, logistics and so on and all these factors are facing major challenges in the country’s coal sector...

The Centre has re-imposed the emergency clause of the Electricity Act, 2003, asking all imported coal-based (ICB) power plants in India to operate and generate power at their full capacity in the ensuing summer months. The government has taken this decision as the peak power demand is expected to touch 229 gigawatt (GW) in April, according to an order issued by the ministry of power late on February 20...

Coal India Limited (CIL) has transformed 30 abandoned mining areas into eco-parks and eco-tourism destinations, providing a source of income for locals and boosting the region’s green cover...

Recently, while inaugurating India Energy Week (IEW) 2023 in Bengaluru, Prime minister Narendra Modi mentioned how India’s energy demand has significantly increased and will reach 11 per cent of the global demand as compared to 5 per cent currently. The plethora of opportunities for energy firms to invest in India comes from the increased demand and energy transition commitments...

In the face of growing global concerns over energy security triggered by the Ukraine conflict, India and the US are giving a fresh look at exploring practical cooperation in the civil nuclear energy sector after failing to move forward since inking a historic agreement over 14 years back for partnership in the area...