Fossil Fuels

Shell & Total Still Investing Much More in Fossil Fuels Than RE: IEEFA

While Shell and Total are shifting towards RE technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report While Shell and Total are shifting towards renewable energy (RE) technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report from […]

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Renewables Trump Fossil Fuels in Europe for H1 2020: Report

In H1 2020, renewable energy sources generated 40 percent of the EU-27 (European Union) electricity as they trumped fossil fuels for the very first time In the first half (H1) of 2020, renewable energy sources – wind, solar and bioenergy – generated 40 percent of the EU-27 (European Unions) electricity as they trumped fossil fuels (34 percent) for the […]

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$151 Bn for Fossil Fuels, Only $89 Bn for RE in COVID-19 Recovery Packages

A new report shows that total commitments for fossil fuels reached USD 151 billion from G20 governments, and only USD 89 billion for clean energy. A new report shows that during the global pandemic, total commitments in support of fossil fuels reached at least USD 151 billion from G20 governments. Of which, only 20 percent made financial support […]

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Renewables Increasingly Cheaper Than new Fossil Fuels Based Capacity: IRENA

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by IRENA finds. Renewables are increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) finds. The report, ‘Renewable Power Generation Costs in 2019’, shows that more than half […]

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EU Commits to Clean Energy in COVID-19 Recovery Strategy

The EU has pledged to stay away from fossil-fueled projects in its COVID-19 recovery strategy, but environmental groups said they were unimpressed. The European Commission (for the EU) has pledged to stay away from fossil-fueled projects in its coronavirus (COVID-19) recovery strategy and to stick to its target of making Europe the first climate-neutral continent […]

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Biggest Fall in Global Energy Investments in History due to COVID-19: IEA

The COVID-19 pandemic has set in motion the largest drop in global energy investments in history, according to the International Energy Agency (IEA) The COVID-19 pandemic has set in motion the largest drop in global energy investments in history, with spending expected to plunge in every major sector this year – from fossil fuels to […]

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Zero Carbon Electricity Outstrips Fossil Fuels in the UK for 2019

2019 was the cleanest year on record for the UK as, for the first time, the amount of zero-carbon power outstripped that from fossil fuels for a full year 2019 was the cleanest year on record for the United Kingdom (UK) as, for the first time, the amount of zero-carbon power outstripped that from fossil […]

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Renewables Trump Fossil Fuels in the UK for Q3 2019

A new analysis has revealed that renewables generated more electricity than fossil fuels for the entire third quarter in the UK, for the very first time. A new analysis by Carbon Brief has revealed that renewable energy sources like wind farms, solar panels, biomass and hydro plants generated more electricity than the combined output from […]

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Renewables Still far From Overtaking Coal in Indian Power Sector

CIL believes that renewable energy sources are unlikely to overtake coal as the major source of power generation in India any time soon Iterating that renewable energy sources were unlikely to overtake coal as the major source of power generation in India any time soon, state-owned Coal India Ltd said the energy migration would happen “differently” in the country as compared to […]

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