As the GHP remains uncertain of its ambitious goal, the green energy policy may require a more detailed evaluation. On 17 February, the ministry of power announced the green hydrogen policy. The policy is welcomed among industry participants as it fits with the climate-action thrust of India’s budget for 2022-23. Furthermore, by 2030 more than
Canada invests a total of C$250 million in surging its semiconductor manufacturing. The investment also covers chips research and bolster manufacturing. Semiconductors are crucial to national security and technological advancement. François–Philippe Champagne launched the C$150 million Semiconductor Challenge Callout fund. Canada invests in the semiconductor industry The minister of innovation, science and industry launched the
The IOC plans to open ‘green hydrogen’ plants in Mathura and Panipat by 2024. Director of research and development at IOC, SSV Ramakumar, said, “This (policy) is the single biggest enabler by the state for production of green hydrogen.” Furthermore, he added that the new ‘green hydrogen’ policy would cut the cost of manufacturing green
On Wednesday, oil marketing companies raised ATF prices by 5.2%. The fourth hike in ATF prices hit a record high in less than two months. Furthermore, India currently has some of the world’s highest taxation rates on the ATF. Moreover, jet fuel prices raised to Rs 90,519.79 per kilolitre from Rs. 86,038.16 per kilolitre. Air
As power mills hoard most of the supplies, India’s aluminum smelters, sponge iron, textile mills, and fertilizer-makers face a coal shortage. However, the federal coal ministry and India’s high miner Coal India denied the coal shortage in Indian non-power coal users. Coal shortage in Indian non-power coal users The Coal Consumers Association of India said
While the United States is yet to verify the pullback of Russian troops, Brent traded at $93.19 a barrel. Brent traded down 10%, sliding 3.3% overnight after the Russian-Ukraine tensions cooled down. Oil prices steadied on Wednesday On Tuesday, Moscow announced a partial pullback of troops from Ukraine’s borders. However, U.S. President Joe Biden says
Big oil CEOs warn consumers to brace themselves for years of high energy prices. In recent months oil and gas prices have skyrocketed as the pandemic restrictions have eased. As a result, the global economy is recovering, and investors have dropped investments in new energy supplies. Furthermore, while oil and gas industries gained profits in
India has communicated to the independent power producers of Nepal that they won’t purchase electricity from hydropower projects that have Chinese components. India opened its doors to purchase Nepal’s power in November 2021. This is a significant milestone for Nepal since it is the first time the Himalayan country has exported hydropower. India’s refusal to
The impact of Omicron has caused oil prices to reach $100 a barrel. By the end of 2022, crude oil prices are likely to soar 35%. Production shortfall despite increasing demand along with geopolitical tensions is an unusual combination. As reported on Al Jazeera yesterday, Texas Intermediate crude slipped down to 0.70% at $84.95. And
Elon Musk announced in a Tweet, “Tesla merch buyable with Dogecoin.” Tesla will now accept Dogecoin as payment for selected merchandise. Elon Musk’s Tesla to accept Dogecoin as payment Tesla will now accept Dogecoin as payment for merchandise such as – the $150 Giga Texas Belt feat. the company logo and the recently launched $50
