Fossil fuels
Oilfields Amendment Bill, 2024
The Rajya Sabha recently passed amendments to the Oilfields (Regulation and Development) Act, of 1948, which marks an important step towards modernising energy policies and achieving green energy goals. Context of the Amendments The original 1948 law was established during ..
Month: Current Affairs - December, 2024
Category: Science & Technology Current Affairs
Tax – Paid Green Bond Issuance
The Government of India issues green bonds to develop the clean energy sector in the country. The bonds act as security for a loan. Usually, the bonds are tax-free. Taxes are exempted to increase the number of green projects in ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs • Environment Current Affairs
“Who is Financing Fossil Fuel Expansion in Africa?” Report
The report titled “Who is Financing Fossil Fuel Expansion in Africa?” was released at the COP27. Some of the organizations that wrote the report include Urgewald, Oilwatch Africa, and Africa Coal Network. A total of 37 African non-profi0074s wrote this ..
Month: Current Affairs – November, 2022
Category: Environment Current Affairs • International / World Current Affairs • Reports & Indexes Current Affairs
G20 Countries Spent Nearly 700 Billion USD to Support Fossil Fuels in 2021
On November 1, 2022, the Climate Policy Factbook was released by BloombergNEF and Bloomberg Philanthropies. What are the key findings of the factbook? The G20 countries continued to provide substantial financial aid for fossil fuel production and consumption in 2021. ..
Month: Current Affairs – November, 2022
Category: Environment Current Affairs • Reports & Indexes Current Affairs
Climate Transparency Report 2022
The eighth edition of the Climate Transparency report was released recently. Key findings The report, which assessed the climate actions by G20 countries found that the members’ support to produce fossil fuels have reached new heights at 64 billion USD ..
Month: Current Affairs - October, 2022
Category: Environment Current Affairs • Reports & Indexes Current Affairs
Jorhat Green Hydrogen Pilot Plant
Oil India Limited (OIL) has commissioned India’s first commercial-grade green hydrogen production plant at Jorhat, Assam. Overview: To produce hydrogen, this plant will be using renewable energy from Oil India’s 500kW solar plant pump station. The produced hydrogen will be ..
Month: Current Affairs - April, 2022
Category: India Nation & States Current Affairs
China-Russia to begin the biggest Nuclear Power Project
On May 19, 2021, China and Russia began the biggest Nuclear Power Project. The Russian President Vladimir Putin and the Chinese President Xi Jing Ping attended the ceremony that began the construction of the project on May 19, 2021. Background ..
Month: Current Affairs - May, 2021
Talkative Dinosaur found in Mexico
The Palaeontologists recently identified a new species of dinosaur called the Talkative Dinosaur. It was identified in the northern Mexico. The research is being conducted by the National Institute of Anthropology and History of Mexico. About the fossil The fossil ..
Month: Current Affairs - May, 2021
International Climate Finance Plan of the US
The US President recently announced the country’s new Finance Plan at the Leader’s Summit on Climate. The Summit was hosted by the USA. About the Plan The US has set a new goal to cut its emissions by 50% to ..
Month: Current Affairs - April, 2021
India becomes most favoured destination for energy investments
Union Minister Dharmendra Pradhan said, India is among the top 10 FDI destinations in the world while addressing the investors in Abu Dhabi on 12 Nov at the roadshow organized by the Directorate General of Hydrocarbons (DGH) to promote India ..