India is expected to lead the global energy demand in the coming years. The country’s rich demographics and growing consumption calls for more energy production. But what are the speedbumps in India’s road to self-sufficiency in power generation? Take a look at this report for more.

Powering up India: A trillion-dollar challenge

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<p>Scientists&nbsp;carried out a survey of&nbsp;five million distant solar systems with the help of&nbsp;'neural&nbsp;network'&nbsp;algorithms&nbsp;and&nbsp;it&nbsp;took an&nbsp;interesting&nbsp;turn when they found nearly 60 stars surrounded by what appeared as "giant&nbsp;alien power plants."</p>

<p>Among the 60 stars, seven of them -&nbsp;which were&nbsp;M-dwarf stars and ranged between 60 per cent and 8 per cent the size of the Sun - were seen releasing high infrared&nbsp;'heat signatures,'&nbsp;as per the astronomers.</p>

<p>In the new study, the astronomers said that the outer space&nbsp;"phenomena cannot easily account for the observed infrared excess emission."</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/science/alien-life-may-be-hiding-in-purple-hue-of-universe-scientists-712945">Alien life may be hiding in purple hue of universe: Scientists</a></p>

<p>This discovery has hinted at&nbsp;the existence of&nbsp;a&nbsp;long-hypothesised&nbsp;alien power-generation&nbsp;technology in the&nbsp;Milky Way&nbsp;galaxy.</p>

<h2><strong>What are Dyson Spheres?</strong></h2>

<p>The&nbsp;“Dyson spheres”&nbsp;is a hypothetical concept which encompasses the existence of megastructures that can&nbsp;be built&nbsp;by only extremely&nbsp;technologically advanced&nbsp;civilisations&nbsp;and&nbsp;are designed&nbsp;for sucking energy from the stars.</p>

<p>Researchers have&nbsp;found a new way to find signs of alien&nbsp;power generation&nbsp;in a project named Hephaistos.</p>

<p>The astronomers first&nbsp;analysed&nbsp;data collected by astronomical surveys Gaia DR3, 2MASS and WISE for flagging Dyson sphere candidates present in the Milky Way.</p>

<p>“In this study, we present a comprehensive search for partial Dyson spheres by&nbsp;analyzing&nbsp;optical and infrared observations from Gaia, 2MASS, and WISE,”&nbsp;wrote the&nbsp;researchers,&nbsp;in a&nbsp;study published in the journal&nbsp;Monthly Notices of the Royal Astronomical Society.</p>

<p>“A&nbsp;specialised&nbsp;pipeline has&nbsp;been developed&nbsp;to identify potential Dyson sphere candidates focusing on detecting sources that display anomalous infrared excesses that cannot&nbsp;be attributed&nbsp;to any known natural source of such radiation,"&nbsp;they added.</p>

<p>Meanwhile, two groups of astronomers, headed by Gaby Contardo at the International School for Advanced Studies in Italy and Matías Suazo at Uppsala University in Sweden, led the latest hunt for infrared data which is likely to lead them to the distant&nbsp;'Dyson sphere.'&nbsp;</p>

<p><strong>Watch:&nbsp;Strongest sign of alien found: The search for life beyond earth</strong></p>

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<p>The data collected by the&nbsp;Wide-field Infrared Survey Explorer (WISE)&nbsp;space telescope, the&nbsp;European Space&nbsp;Agency's&nbsp;Gaia satellite and&nbsp;the ground-based infrared telescope survey MASS2&nbsp;were&nbsp;merged&nbsp;by the researchers.</p>

<p>Even though some scientists believe&nbsp;that&nbsp;there may be other explanations for excess infrared signatures discovered, Suazo said,&nbsp;"The most fascinating explanation could be actual Dyson spheres."</p>

<p>Looking at the data from nearly five million sources,&nbsp;the researchers have created a catalogue of potential Dyson spheres.</p>

<p>The scientists studied the signs of partially completed alien megastructures which hold the possibility of emitting excess infrared radiation.</p>

<p>“This structure would emit waste heat in the form of mid-infrared radiation that, in addition to the level of completion of the structure, would depend on its effective temperature,”&nbsp;they said.</p>

<p><em>(With inputs from agencies)</em></p>


Scientists carried out a survey of five million distant solar systems with the help of 'neural network' algorithms and it took an interesting turn when they found nearly 60 stars surrounded by what appeared as "giant alien power plants.

Scientists carried out a survey of five million distant solar systems with the help of 'neural network' algorithms and it took an interesting turn when they found nearly 60 stars surrounded by what appeared as "giant alien power plants." Among the 60 stars, seven of them - which were M-dwarf stars and ranged between 60 per cent and 8 per cent the size of the Sun - were seen releasing high infrared 'heat signatures,' as per the astronomers. In the new study, the astronomers said that the outer space "phenomena cannot easily account for the observed infrared excess emission." Also Read: Alien life may be hiding in purple hue of universe: Scientists This discovery has hinted at the existence of a long-hypothesised alien power-generation technology in the Milky Way galaxy. What are Dyson Spheres? The “Dyson spheres” is a hypothetical concept which encompasses the existence of megastructures that can be built by only extremely technologically advanced civilisations and are designed for sucking energy from the stars. Researchers have found a new way to find signs of alien power generation in a project named Hephaistos. The astronomers first analysed data collected by astronomical surveys Gaia DR3, 2MASS and WISE for flagging Dyson sphere candidates present in the Milky Way. “In this study, we present a comprehensive search for partial Dyson spheres by analyzing optical and infrared observations from Gaia, 2MASS, and WISE,” wrote the researchers, in a study published in the journal Monthly Notices of the Royal Astronomical Society. “A specialised pipeline has been developed to identify potential Dyson sphere candidates focusing on detecting sources that display anomalous infrared excesses that cannot be attributed to any known natural source of such radiation," they added. Meanwhile, two groups of astronomers, headed by Gaby Contardo at the International School for Advanced Studies in Italy and Matías Suazo at Uppsala University in Sweden, led the latest hunt for infrared data which is likely to lead them to the distant 'Dyson sphere.' Watch: Strongest sign of alien found: The search for life beyond earth The data collected by the Wide-field Infrared Survey Explorer (WISE) space telescope, the European Space Agency's Gaia satellite and the ground-based infrared telescope survey MASS2 were merged by the researchers. Even though some scientists believe that there may be other explanations for excess infrared signatures discovered, Suazo said, "The most fascinating explanation could be actual Dyson spheres." Looking at the data from nearly five million sources, the researchers have created a catalogue of potential Dyson spheres. The scientists studied the signs of partially completed alien megastructures which hold the possibility of emitting excess infrared radiation. “This structure would emit waste heat in the form of mid-infrared radiation that, in addition to the level of completion of the structure, would depend on its effective temperature,” they said. (With inputs from agencies)

Giant alien power plants are sucking energy from seven stars in outer space, claims study

For a Millennia Humanity has gazed at the night sky and pondered over the universe's fate. The prevailing Theory is that the Big Bang depicts a colossal explosion that birthed the cosmos and set it on a path of endless expansion. Our next report explains the latest research on the subject.

Unlocking the mysteries of dark energy

India's recently announced plans to enhance solar power in the country align with its broader push for sustainability. Major domestic & foreign players are pushing gears to capitalise on the increased focus on solar energy.

Luminous adds to India’s domestic solar panel production

Russian missile and drone attacks hit thermal and hydro power plants in central and western Ukraine, power grid operator Ukrenergo said on Friday, in the latest barrage targeting the country's already damaged power infrastructure.

Russia-Ukraine War: War in Ukraine changing gears?

The Indian government has rolled out multi-pronged policies since 2014 to promote sustainable practices & push the country’s green economy. This report looks at India's bullish approach to green fuel alternatives & possible challenges awaiting the largest democracy.

India elections 2024: India’s green hydrogen mission ignites clean energy innovation

In the world of trading and investing, firms rarely struggle with excess capital. While you would assume a large cash pile is a good thing for trading firms and their investors, that's not the case among energy traders. But how does that affect you, the consumer & taxpayer? Take a look at our report to find out.

Energy traders face cash surplus dilemma amid industry meet

<p>As the world's leading energy trading houses gear up for their annual industry gathering in London this week, they confront a significant challenge: what to do with their huge cash reserves.</p>

<p>Despite maintaining a veil of secrecy around their financial positions, sources indicate that major players such as Vitol, Trafigura, Mercuria, and Gunvor collectively possess billions of dollars in surplus, even after disbursing record dividends.</p>

<p>An unnamed executive from one of these top trading houses revealed to Reuters, "We borrow much less from banks and are waiting for good investment opportunities. But those are slim, especially in loss-making green energy."</p>

<p>This sentiment puts a spotlight on a growing trend among trading houses to seek out profitable ventures among a landscape denoted by sluggish growth in renewable energy sectors like wind, solar, and hydrogen.</p>

<p>Reports suggest that Vitol, the world's largest trader, has boosted its total equity to a staggering $26 billion, with projections hinting at a potential rise to nearly $30 billion based on its 2023 performance.</p>

<p>Similarly, Mercuria and Gunvor have each amassed around $6 billion in equity and retained earnings in recent years, according to insider sources. However, all three companies declined to comment on these figures. Trafigura, on the other hand, disclosed a remarkable growth in its equity to $16.5 billion in its latest report.</p>

<p>Regardless of these large sums, the equity of these trading giants still pales in comparison to oil majors like Shell and BP.</p>

<p>The cash dilemma facing these trading houses is expected to be a focal point of discussions during International Energy Week in London.</p>

<p>Historically, traders favored minimal cash reserves and preferred to distribute the bulk of their profits as dividends. However, recent events, such as the surge in gas prices following disruptions in Russian gas supplies to Europe, prompted a shift in strategy.</p>

<p>Margin calls, triggered by price fluctuations, compelled traders to contribute more of their own cash, leading to a reassessment of risk management practices. Consequently, trading houses began strenghtening their equity and retaining earnings as a precautionary measure.</p>

<p>"We beefed up our equity, and as a result, more of our trade became self-financed," remarked a trading executive familiar with the industry's response to margin calls. This move towards self-financing signifies a departure from heavy reliance on bank borrowing, which was common practice in the past.</p>

<p>While traders like Trafigura maintain extensive credit lines with numerous banks, the margin call crisis of 2022 prompted a reevaluation of borrowing practices. Banks, reluctant to extend further credit, encouraged traders to explore alternative financing options, prompting many to retain earnings and fortify their equity positions.</p>

<p>Looking ahead, the trajectory of bank borrowing hinges on several factors, including interest rate fluctuations and investment patterns within the industry. Even with predictions of a potential uptick in borrowing once interest rates decline, traders remain cautious.</p>

<p>"Sometimes traders just borrow money and put it back on deposit with the same or different bank so it pays interest," noted another trading executive, underscoring the complex financial strategies employed by these entities. As the energy trading landscape continues to evolve, navigating the delicate balance between cash reserves, equity, and investments remains paramount for these global players.</p>

<p>In the bustling halls of London's energy conference, between discussions on market trends and strategies, the issue of surplus cash will undoubtedly loom large.</p>

<p><i>(With inputs from Reuters)</i></p>


As the world's leading energy trading houses gear up for their annual industry gathering in London this week, they confront a significant challenge: what to do with their huge cash reserves.

As the world's leading energy trading houses gear up for their annual industry gathering in London this week, they confront a significant challenge: what to do with their huge cash reserves. Despite maintaining a veil of secrecy around their financial positions, sources indicate that major players such as Vitol, Trafigura, Mercuria, and Gunvor collectively possess billions of dollars in surplus, even after disbursing record dividends. An unnamed executive from one of these top trading houses revealed to Reuters, "We borrow much less from banks and are waiting for good investment opportunities. But those are slim, especially in loss-making green energy." This sentiment puts a spotlight on a growing trend among trading houses to seek out profitable ventures among a landscape denoted by sluggish growth in renewable energy sectors like wind, solar, and hydrogen. Reports suggest that Vitol, the world's largest trader, has boosted its total equity to a staggering $26 billion, with projections hinting at a potential rise to nearly $30 billion based on its 2023 performance. Similarly, Mercuria and Gunvor have each amassed around $6 billion in equity and retained earnings in recent years, according to insider sources. However, all three companies declined to comment on these figures. Trafigura, on the other hand, disclosed a remarkable growth in its equity to $16.5 billion in its latest report. Regardless of these large sums, the equity of these trading giants still pales in comparison to oil majors like Shell and BP. The cash dilemma facing these trading houses is expected to be a focal point of discussions during International Energy Week in London. Historically, traders favored minimal cash reserves and preferred to distribute the bulk of their profits as dividends. However, recent events, such as the surge in gas prices following disruptions in Russian gas supplies to Europe, prompted a shift in strategy. Margin calls, triggered by price fluctuations, compelled traders to contribute more of their own cash, leading to a reassessment of risk management practices. Consequently, trading houses began strenghtening their equity and retaining earnings as a precautionary measure. "We beefed up our equity, and as a result, more of our trade became self-financed," remarked a trading executive familiar with the industry's response to margin calls. This move towards self-financing signifies a departure from heavy reliance on bank borrowing, which was common practice in the past. While traders like Trafigura maintain extensive credit lines with numerous banks, the margin call crisis of 2022 prompted a reevaluation of borrowing practices. Banks, reluctant to extend further credit, encouraged traders to explore alternative financing options, prompting many to retain earnings and fortify their equity positions. Looking ahead, the trajectory of bank borrowing hinges on several factors, including interest rate fluctuations and investment patterns within the industry. Even with predictions of a potential uptick in borrowing once interest rates decline, traders remain cautious. "Sometimes traders just borrow money and put it back on deposit with the same or different bank so it pays interest," noted another trading executive, underscoring the complex financial strategies employed by these entities. As the energy trading landscape continues to evolve, navigating the delicate balance between cash reserves, equity, and investments remains paramount for these global players. In the bustling halls of London's energy conference, between discussions on market trends and strategies, the issue of surplus cash will undoubtedly loom large. (With inputs from Reuters)

Energy trading houses grapple with cash surplus ahead of London meet

Russian drones hit energy infrastructure in Ukraine. Russian Defence Minister claims making fresh gains in Ukraine. About 40,000 people are without power in Ukraine. Watch to know more!

Russia-Ukraine war: Russian drones hit energy infrastructure in Ukraine

US investment giant BlackRock has agreed to buy Global Infrastructure Partners or GIP for about $12.5 billion. This will turn BlackRock into a top investor in the energy, transportation and digital infrastructure sector.

BlackRock to buy Global Infrastructure Partners for $12.5 bn

There's a big merger in the works in the energy sector, one that can revamp the global natural gas business in the US. Natural gas producer Chesapeake Energy & Southwestern Energy are close to finalising a merger deal. The merger would create a nearly 17 billion dollar company.

US: Chesapeake Energy & Southwestern Energy in merger talks

Geopolitical tensions to impact the energy sector. Top energy sector outlook predictions for 2024 include a decline in global coal consumption. Watch our guest, Pulkit Agarwal, Head of India content, S&P Global Platts decode the 2024 energy outlook.

Energy Sector: What to expect in 2024?

<p>An extraordinary detection of the highest energy gamma rays from a dead star called Vela Pulsar has been made by&nbsp;scientists using the H.E.S.S. observatory in Namibia, as per an international team who made the announcement on October 5 in the journal Nature Astronomy. The gamma rays emitted by the dead star&nbsp;Vela Pulsar were found to possess an astonishing energy level of 20 tera-electronvolts, equivalent to around ten trillion times the energy of visible light.</p>

<h2><strong>What are Pulsars?</strong></h2>

<p>Pulsars are remnants of massive stars that underwent explosive supernova events. These explosions leave behind tiny, dense stars with diameters of approximately 20 kilometres.</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/science/chinese-europeans-creating-incredibly-sensitive-space-telescope-for-monitoring-cosmic-explosions-643135">China's 'incredibly sensitive' space telescope will monitor universe's most violent explosions</a></p>

<p>These dead stars, primarily composed of neutrons, are incredibly dense, with just a teaspoon of their material weighing more than five billion tonnes, roughly 900 times the mass of the Great Pyramid of Giza, H.E.S.S. scientist Emma de Oña Wilhelmi, a co-author of the study, reportedly said providing insights into the Pulsar.</p>

<h2><strong>Pulsars as cosmic lighthouses</strong></h2>

<p>Pulsars emit beams of electromagnetic radiation that rotate like cosmic lighthouses. When these beams cross our solar system, we observe periodic flashes of radiation, known as pulses.</p>

<p>“On their outward journey, the electrons acquire energy and release it in the form of the observed radiation beams,” said Bronek Rudak from the Nicolaus Copernicus Astronomical Center (CAMK PAN) in Poland, also a co-author.</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/science/europeans-would-eat-not-bury-their-dead-15000-years-ago-study-643032">Europeans would eat, not bury, their dead 15,000 years ago: Study</a></p>

<p>The Vela pulsar, situated in the Southern sky within the constellation Vela, is the brightest pulsar in the radio portion of the electromagnetic spectrum and the most prominent source of cosmic gamma rays in the giga-electronvolts (GeV) range.</p>

<p><strong>Watch |&nbsp;<a href="https://www.wionews.com/videos/metas-ai-generated-stickers-spark-controversy-generate-explicit-images-643169">Meta's AI-generated stickers spark controversy, generate explicit images</a></strong></p>

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<p>It rotates around eleven times per second and was previously believed to cease emitting radiation above a few GeV, possibly because electrons reached the magnetosphere's edge and escaped.</p>

<p>Deep observations with H.E.S.S. unveiled a previously unknown radiation component at even higher energies, reaching tens of tera-electronvolts (TeV).&nbsp;</p>

<p>“That is about 200 times more energetic than all radiation ever detected before from this object,” said co-author Christo Venter from the North-West University in South Africa.&nbsp;</p>

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An extraordinary detection of the highest energy gamma rays from a dead star called Vela Pulsar has been made by scientists using the H.E.S.S. observatory in Namibia, as per an international team who made the announcement on October 5 in the journal Nature Astronomy.

An extraordinary detection of the highest energy gamma rays from a dead star called Vela Pulsar has been made by scientists using the H.E.S.S. observatory in Namibia, as per an international team who made the announcement on October 5 in the journal Nature Astronomy. The gamma rays emitted by the dead star Vela Pulsar were found to possess an astonishing energy level of 20 tera-electronvolts, equivalent to around ten trillion times the energy of visible light. What are Pulsars? Pulsars are remnants of massive stars that underwent explosive supernova events. These explosions leave behind tiny, dense stars with diameters of approximately 20 kilometres. Also Read | China's 'incredibly sensitive' space telescope will monitor universe's most violent explosions These dead stars, primarily composed of neutrons, are incredibly dense, with just a teaspoon of their material weighing more than five billion tonnes, roughly 900 times the mass of the Great Pyramid of Giza, H.E.S.S. scientist Emma de Oña Wilhelmi, a co-author of the study, reportedly said providing insights into the Pulsar. Pulsars as cosmic lighthouses Pulsars emit beams of electromagnetic radiation that rotate like cosmic lighthouses. When these beams cross our solar system, we observe periodic flashes of radiation, known as pulses. “On their outward journey, the electrons acquire energy and release it in the form of the observed radiation beams,” said Bronek Rudak from the Nicolaus Copernicus Astronomical Center (CAMK PAN) in Poland, also a co-author. Also Read | Europeans would eat, not bury, their dead 15,000 years ago: Study The Vela pulsar, situated in the Southern sky within the constellation Vela, is the brightest pulsar in the radio portion of the electromagnetic spectrum and the most prominent source of cosmic gamma rays in the giga-electronvolts (GeV) range. Watch | Meta's AI-generated stickers spark controversy, generate explicit images × It rotates around eleven times per second and was previously believed to cease emitting radiation above a few GeV, possibly because electrons reached the magnetosphere's edge and escaped. Deep observations with H.E.S.S. unveiled a previously unknown radiation component at even higher energies, reaching tens of tera-electronvolts (TeV). “That is about 200 times more energetic than all radiation ever detected before from this object,” said co-author Christo Venter from the North-West University in South Africa. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Dead star Vela Pulsar emits highest-energy gamma rays

<p>The solar energy adoption in India is entering "accelerating growth" phase, an analysis by two India-based Electricity Policy analysts in the UK-based energy think tank Ember said.&nbsp;</p>

<p>"Building adequate grid flexibility is the next key step in India’s clean power transition," the analysis added.&nbsp;</p>

<p>The analysis cited 14th highlights of National Electricity Plan (NEP14) to point out that 66 per cet of share of energy generation growth in India will be met by solar and wind in FY 2022-32.&nbsp;</p>

<p>The world's most populous nation will also see 20 percentage point change in solar energy's share in India's total energy generation between FY 2022-32, it said.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/business-economy/solar-panels-get-a-tax-makeover-indias-sunny-solution-to-energy-demands-598635">Solar panels get a tax makeover: India's 'sunny' solution to energy demands</a>&nbsp;</strong></p>

<p>However, India would need 36 per cent year-on-year increase in annual solar capacity additions required to meet the targets of National Electricity Plan (NEP14) of 186 Giga Watts by Finance Year 2027.</p>

<h2><strong>What is working for India?</strong></h2>

<p>The analysis in Ember says that growth in electricity demand during the day had outpaced the growth in demand during the night, called non-solar hours.&nbsp;</p>

<p>"Peak demand is now occurring during midday when solar generation is abundant. As a result, a larger portion of the increase in demand has aligned with the generation from solar sources," it said.</p>

<p>Between 2019 and 2023, the non-solar hour peak demand experienced an approximately 3.9 per cent year-on-year increase, while solar hour peak demand witnessed a ~5.4 per cent year-on-year rise, the analysis pointed out.&nbsp;</p>

<p><strong>Also watch |&nbsp;India’s one sun One World One Grid initiative</strong></p>

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<p>"However, maintaining a dependable supply for non-solar hour demand requires a comprehensive whole-system approach," cautions the Ember analysis.</p>

<p>It is pertinent to note that developed countries have failed to live up to their commitments on climate finance to mobilise $100 billion per year for climate action in the developing countries.&nbsp;</p>

<p>Meanwhile, under New Delhi's G20 stewardship, the Global Biofuel Alliance was launched in an important step to combat climate change after the launch of International Solar Alliance in Paris in 2015.</p>

<p>The G20 nations under India's presidency have agreed to reduce the emission of greenhouse gases by 43 per cent by 2030. The G20 nations constitute 80 per cent of total global emissions.&nbsp;</p>

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The solar energy adoption in India is entering "accelerating growth" phase, an analysis by two India-based Electricity Policy analysts in the UK-based energy think tank Ember said.

The solar energy adoption in India is entering "accelerating growth" phase, an analysis by two India-based Electricity Policy analysts in the UK-based energy think tank Ember said. "Building adequate grid flexibility is the next key step in India’s clean power transition," the analysis added. The analysis cited 14th highlights of National Electricity Plan (NEP14) to point out that 66 per cet of share of energy generation growth in India will be met by solar and wind in FY 2022-32. The world's most populous nation will also see 20 percentage point change in solar energy's share in India's total energy generation between FY 2022-32, it said. Also read | Solar panels get a tax makeover: India's 'sunny' solution to energy demands However, India would need 36 per cent year-on-year increase in annual solar capacity additions required to meet the targets of National Electricity Plan (NEP14) of 186 Giga Watts by Finance Year 2027. What is working for India? The analysis in Ember says that growth in electricity demand during the day had outpaced the growth in demand during the night, called non-solar hours. "Peak demand is now occurring during midday when solar generation is abundant. As a result, a larger portion of the increase in demand has aligned with the generation from solar sources," it said. Between 2019 and 2023, the non-solar hour peak demand experienced an approximately 3.9 per cent year-on-year increase, while solar hour peak demand witnessed a ~5.4 per cent year-on-year rise, the analysis pointed out. Also watch | India’s one sun One World One Grid initiative × "However, maintaining a dependable supply for non-solar hour demand requires a comprehensive whole-system approach," cautions the Ember analysis. It is pertinent to note that developed countries have failed to live up to their commitments on climate finance to mobilise $100 billion per year for climate action in the developing countries. Meanwhile, under New Delhi's G20 stewardship, the Global Biofuel Alliance was launched in an important step to combat climate change after the launch of International Solar Alliance in Paris in 2015. The G20 nations under India's presidency have agreed to reduce the emission of greenhouse gases by 43 per cent by 2030. The G20 nations constitute 80 per cent of total global emissions. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India's sunny solution to climate change woes enters 'accelerating growth' phase

India's ambition to become a net-zero nation will be a 12.7 trillion dollar economic opportunity. A Bloomberg NEF report on India's energy outlook tells how India can balance its climate and economic goals.

Emissions vs economy: India's balancing act

Harnessing energy through nuclear fusion has been the holy grail for the energy sector. This is the one solution that could allow humanity to break free from the clutches of fossil fuels aggravating climate crisis.

Nuclear Fusion: A carbon-free source of energy | World News | WION

With the world leaning towards measures to reverse climate change, the latest report by the international energy agency, says global investments in clean energy are now 70 per cent higher in comparison to fossil fuels. This comes amid a hike in fossil fuel prices and energy giants' move to look for more fossil fuel deposits.

Rise in investment in clean & green energy sector

Researchers say 'urgent action' needed as rise in renewables is eclipsed by increase in world's total energy consumption.

Fossil fuels still dominate despite growth in renewables: Report

<p>Scientists are considering conducting a significant clinical trial to investigate the potential health benefits of taurine, a supplement known to slow down the ageing process and maintain vitality in animals.&nbsp;</p>

<p>Taurine, commonly added to energy drinks, is a micronutrient. Studies on mice and monkeys have demonstrated positive health effects and increased lifespan associated with taurine supplementation.&nbsp;</p>

<p>While it remains uncertain whether these benefits extend to humans, researchers believe that the existing evidence justifies a large-scale trial, especially considering that taurine is already used as a supplement in lower doses.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/world/iowa-minor-tries-to-rent-hitman-to-kill-child-gets-caught-on-parody-site-602549">Iowa: Minor tries to rent hitman to kill child, gets caught on parody site</a></p>

<p>Dr Vijay Yadav, who led the research at Columbia University, emphasised the importance of understanding the potential health benefits of taurine as it occurs naturally in the body.&nbsp;He stated that taurine levels in animals resulted in longer and healthier lives, expressing confidence that these findings could be relevant to humans.&nbsp;</p>

<p>“Taurine abundance declines with age and reversal of this decline makes animals live longer and healthier lives,” said Dr Yadav adding, “At the end of the day, these findings should be relevant to humans.”</p>

<p>Also Read | <a href="https://www.wionews.com/world/deserted-dystopia-chinese-city-evacuated-after-cracks-appear-near-high-rises-602506">Deserted dystopia: Chinese city evacuated after cracks appear near high-rises</a></p>

<p>Professor Henning Wackerhage from the Technical University of Munich suggested that a trial should compare the health outcomes of individuals taking daily taurine supplements with those taking placebos.&nbsp;</p>

<p>While determining whether taurine prolongs human lifespan may be challenging, assessing its impact on overall health is a critical objective for medicine.&nbsp;</p>

<h2><strong>Testing taurine on middle-aged mice&nbsp;</strong></h2>

<p>The team's discovery led to testing taurine's effects on middle-aged mice, which revealed that the supplemented mice were healthier, showed signs of youthfulness, and exhibited improvements in various health markers such as bone density, muscle strength, memory, and immune system function.&nbsp;</p>

<p>Additionally, the taurine-supplemented mice lived longer, with males experiencing an average increase of 10 per cent&nbsp;and females 12 per cent, equivalent to three to four extra months or seven to eight human years.&nbsp;</p>

<p><strong>Watch | Sunak-Biden Meet: 'Atlantic declaration' seen as a counter to Russia and China</strong></p>

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<p>Medical data analysis of over 12,000 Europeans aged 60 and above showed that higher taurine levels correlated with lower rates of obesity, type 2 diabetes, high blood pressure, and inflammation. The researchers also observed that intense exercise increased taurine levels.</p>

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Scientists are considering conducting a significant clinical trial to investigate the potential health benefits of taurine, a supplement known to slow down the ageing process and maintain vitality in animals.

Scientists are considering conducting a significant clinical trial to investigate the potential health benefits of taurine, a supplement known to slow down the ageing process and maintain vitality in animals. Taurine, commonly added to energy drinks, is a micronutrient. Studies on mice and monkeys have demonstrated positive health effects and increased lifespan associated with taurine supplementation. While it remains uncertain whether these benefits extend to humans, researchers believe that the existing evidence justifies a large-scale trial, especially considering that taurine is already used as a supplement in lower doses. Also Read | Iowa: Minor tries to rent hitman to kill child, gets caught on parody site Dr Vijay Yadav, who led the research at Columbia University, emphasised the importance of understanding the potential health benefits of taurine as it occurs naturally in the body. He stated that taurine levels in animals resulted in longer and healthier lives, expressing confidence that these findings could be relevant to humans. “Taurine abundance declines with age and reversal of this decline makes animals live longer and healthier lives,” said Dr Yadav adding, “At the end of the day, these findings should be relevant to humans.” Also Read | Deserted dystopia: Chinese city evacuated after cracks appear near high-rises Professor Henning Wackerhage from the Technical University of Munich suggested that a trial should compare the health outcomes of individuals taking daily taurine supplements with those taking placebos. While determining whether taurine prolongs human lifespan may be challenging, assessing its impact on overall health is a critical objective for medicine. Testing taurine on middle-aged mice The team's discovery led to testing taurine's effects on middle-aged mice, which revealed that the supplemented mice were healthier, showed signs of youthfulness, and exhibited improvements in various health markers such as bone density, muscle strength, memory, and immune system function. Additionally, the taurine-supplemented mice lived longer, with males experiencing an average increase of 10 per cent and females 12 per cent, equivalent to three to four extra months or seven to eight human years. Watch | Sunak-Biden Meet: 'Atlantic declaration' seen as a counter to Russia and China × Medical data analysis of over 12,000 Europeans aged 60 and above showed that higher taurine levels correlated with lower rates of obesity, type 2 diabetes, high blood pressure, and inflammation. The researchers also observed that intense exercise increased taurine levels. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Taurine, a common energy drink ingredient, may slow down ageing process

In a bid to shore up its renewable energy capacity, India is all set to offer 455.2 million dollars in incentives for setting up battery storage projects. Reuters sources said that this incentive is expected to expand India’s renewable energy capacity to 500 gigawatts by 2030. And cut the cost of battery energy storage from the current 5.5-6.5 Rupees per unit.

India to incentivise battery storage projects: Report

<p><meta name="uuid" content="uuidnT1uUpeijlHX" /><meta charset="utf-8" />Researchers at the University of Massachusetts claimed to have discovered a way to create energy out of thin air. They have developed a tiny device that generates electricity from air humidity, which could give a major boost to the clean energy aspirations of the planet.&nbsp;</p>

<p>The researchers are of the view that since air has humidity all the time - the device, using its harvest prowess, could generate energy 24x7 or in other words, present itself as a source of limitless energy.&nbsp;</p>

<p>The science behind the discovery is fairly simple and innocuous. Air contains enormous amounts of electricity and clouds - which are masses of water droplets and each droplet contains a charge which can produce a lightning bolt. Up until now, we didn't know how to reliably capture that electricity from lightning. However, the study published in the journal&nbsp;<em>Advanced Materials</em>&nbsp;says we can use a broad range of inorganic, organic, and biological materials to capture it.</p>

<p>Essentially, the researchers have created a small-scale cloud that produces electricity. As long as the device includes holes smaller than&nbsp;100 nanometers, it can be used to generate electricity.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/energy-giants-turn-to-humble-tech-startups-to-remove-emission-wion-climate-tracker-596753"><strong>WATCH |&nbsp;Energy giants turn to humble tech startups to remove emission | WION Climate Tracker</strong></a></p>

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<p>“This is very exciting. We are opening up a wide door for harvesting clean electricity from thin air,” said Xiaomeng Liu, a graduate student and one of the paper's lead authors.&nbsp;</p>

<p>"The idea is simple, but it’s never been discovered before, and it opens all kinds of possibilities. You could image harvesters made of one kind of material for rainforest environments and another for more arid regions,” added Jun Yao, a co-author of the new paper.&nbsp;</p>

<h2>Other scientific breakthroughs</h2>

<p>In the quest to generate electricity out of thin air, researchers at Monash University in Melbourne also made some remarkable breakthroughs. The scientists discovered a hydrogen-consuming enzyme from a common soil bacterium that uses the atmosphere as an energy source to generate electrical current.&nbsp;</p>

<p>The enzyme discovered is called Huc (pronounced “Huck”) and is made by Mycobacterium smegmatis bacteria, allowing it to survive in harsh conditions.&nbsp;</p>

<p><a href="https://www.wionews.com/trending/limitless-energy-scientists-discover-enzyme-to-make-electricity-out-of-thin-air-581791" target="_blank"><strong>ALSO READ | Limitless energy? Scientists discover enzyme to make electricity out of thin air</strong></a></p>

<p>The scientists said the early applications of Huc include powering small air-powered devices which could act as an alternative to solar-powered devices.&nbsp;</p>

<p>The next step involved is to scale up the production so that Huc can be produced in sufficient quantities to be used at a meaningful scale.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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Researchers at the University of Massachusetts claimed to have discovered a way to create energy out of thin air. They have developed a tiny device that generates electricity from air humidity, which could give a major boost to the clean energy aspirations of the planet.

Researchers at the University of Massachusetts claimed to have discovered a way to create energy out of thin air. They have developed a tiny device that generates electricity from air humidity, which could give a major boost to the clean energy aspirations of the planet. The researchers are of the view that since air has humidity all the time - the device, using its harvest prowess, could generate energy 24x7 or in other words, present itself as a source of limitless energy. The science behind the discovery is fairly simple and innocuous. Air contains enormous amounts of electricity and clouds - which are masses of water droplets and each droplet contains a charge which can produce a lightning bolt. Up until now, we didn't know how to reliably capture that electricity from lightning. However, the study published in the journal Advanced Materials says we can use a broad range of inorganic, organic, and biological materials to capture it. Essentially, the researchers have created a small-scale cloud that produces electricity. As long as the device includes holes smaller than 100 nanometers, it can be used to generate electricity. WATCH | Energy giants turn to humble tech startups to remove emission | WION Climate Tracker × “This is very exciting. We are opening up a wide door for harvesting clean electricity from thin air,” said Xiaomeng Liu, a graduate student and one of the paper's lead authors. "The idea is simple, but it’s never been discovered before, and it opens all kinds of possibilities. You could image harvesters made of one kind of material for rainforest environments and another for more arid regions,” added Jun Yao, a co-author of the new paper. Other scientific breakthroughs In the quest to generate electricity out of thin air, researchers at Monash University in Melbourne also made some remarkable breakthroughs. The scientists discovered a hydrogen-consuming enzyme from a common soil bacterium that uses the atmosphere as an energy source to generate electrical current. The enzyme discovered is called Huc (pronounced “Huck”) and is made by Mycobacterium smegmatis bacteria, allowing it to survive in harsh conditions. ALSO READ | Limitless energy? Scientists discover enzyme to make electricity out of thin air The scientists said the early applications of Huc include powering small air-powered devices which could act as an alternative to solar-powered devices. The next step involved is to scale up the production so that Huc can be produced in sufficient quantities to be used at a meaningful scale. (With inputs from agencies) WATCH WION LIVE HERE:

Limitless energy? Scientists discover way to generate electricity out of thin air

<p>Nepal on Sunday decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country. At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024.</p>

<p>A meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Pushpa Kamal Dahal aka Prachanda approved the draft project development agreement (PDA) to be signed with India's state-owned SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal, an official statement said.</p>

<p>Also Read | <a href="https://www.wionews.com/world/russia-launches-massive-drone-attack-on-kyiv-on-founding-day-eve-one-dead-597614">Russia launches ‘massive drone attack’ on eve of Kyiv founding day, one dead</a></p>

<p>The development comes days before Prime Minister Prachanda's visit to India starting Wednesday. The draft needs to be endorsed by the Council of Ministers before it gets implemented.</p>

<p>The previous meeting of the IBN had approved Rs 92.68 billion investment for the development of the project.</p>

<p>Also Read | <a href="https://www.wionews.com/world/belarus-president-lukashenko-rushed-to-hospital-after-meeting-with-putin-opposition-leader-597612">Belarus President Lukashenko rushed to hospital after meeting with Putin: Report</a></p>

<p>The development of this 669-MW transformative project will prove to be a milestone for the socio-economic development of the country, according to the statement by the IBN.</p>

<p>The SJVN has formed a local company, Lower Arun Power Development Company, in Nepal.</p>

<p>The Lower Arun project located in the Sankhuwasabha and Bhojpur districts will not have any reservoir or dam and will be a tailrace development of Arun-III, which will mean water re-enters the river for the Lower Arun project.</p>

<p><strong>Watch | Turkey Elections 2023: Erdogan back for another five years</strong></p>

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<p>This is the third project undertaken, all through negotiation windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity projects.</p>

<p>The three projects will generate nearly 2,300 MW of electricity from the river in Sankhuwasabha district, The Kathmandu Post newspaper reported.</p>

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Nepal on Sunday decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country. At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024.

Nepal on Sunday decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country. At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024. A meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Pushpa Kamal Dahal aka Prachanda approved the draft project development agreement (PDA) to be signed with India's state-owned SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal, an official statement said. Also Read | Russia launches ‘massive drone attack’ on eve of Kyiv founding day, one dead The development comes days before Prime Minister Prachanda's visit to India starting Wednesday. The draft needs to be endorsed by the Council of Ministers before it gets implemented. The previous meeting of the IBN had approved Rs 92.68 billion investment for the development of the project. Also Read | Belarus President Lukashenko rushed to hospital after meeting with Putin: Report The development of this 669-MW transformative project will prove to be a milestone for the socio-economic development of the country, according to the statement by the IBN. The SJVN has formed a local company, Lower Arun Power Development Company, in Nepal. The Lower Arun project located in the Sankhuwasabha and Bhojpur districts will not have any reservoir or dam and will be a tailrace development of Arun-III, which will mean water re-enters the river for the Lower Arun project. Watch | Turkey Elections 2023: Erdogan back for another five years × This is the third project undertaken, all through negotiation windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity projects. The three projects will generate nearly 2,300 MW of electricity from the river in Sankhuwasabha district, The Kathmandu Post newspaper reported. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

India secures approval for second hydropower project in Nepal, strengthening bilateral energy cooperation

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<p>In what may come as a huge breakthrough in sustainable energy development, a team of researchers at the Monash University in Melbourne have found a way to generate limitless electricity out of thin air. The scientists discovered a hydrogen-consuming enzyme from a common soil bacterium that uses the atmosphere as an energy source to generate electrical current.&nbsp;</p>

<p>Led by Monash’s Dr Rhys Grinter, PhD student Ashleigh Kropp, and Professor Chris Greening, from the Biomedicine Discovery Institute, the research findings were published in the new edition of the journal Nature.&nbsp;</p>

<h2><strong>Hydrogen gas scavenger</strong></h2>

<p>The enzyme discovered is called Huc (pronounced “Huck”) and is made by Mycobacterium smegmatis bacteria, allowing it to survive in harsh conditions.&nbsp;</p>

<p>“We’ve known for some time that bacteria can use the trace hydrogen in the air as a source of energy to help them grow and survive, including in Antarctic soils, volcanic craters, and deep in the ocean," said Professor Rhys Grinter.</p>

<p>Huc acts as a hydrogen gas scavenger, devouring the gas below atmospheric levels to produce its magic.&nbsp;</p>

<p>“Huc is extremely effective. Unlike all other known enzymes and chemical catalysts, it uses hydrogen at amounts below atmospheric levels – as little as 0.00005 per cent of the air we breathe," added Grinter.&nbsp;</p>

<p>Notably,&nbsp;Mycobacterium smegmatis was discovered in 1985 by Sigmund&nbsp;Lustgarten, an Austrian doctor who was looking into skin diseases. The particular bacterium resides in the soil and is relatively unharmful - not causing any disease.&nbsp; It has been well-studied due to its use as a model&nbsp;for organism&nbsp;for tuberculosis.&nbsp;</p>

<p>Grinter explained that to separate Huc from&nbsp;M. smegmatis, they had to develop a series of new methods, which included growing the bacteria from scratch and later breaking them open and using chemistry to isolate the single component.&nbsp;</p>

<p><a href="https://www.wionews.com/science/south-korean-scientists-create-an-artificial-sun-in-pursuit-of-unlimited-clean-energy-515686" target="_blank"><strong>ALSO READ | South Korean scientists create an 'artificial sun' in pursuit of unlimited clean energy</strong></a></p>

<h2><strong>What next for Huc?</strong></h2>

<p>The scientists added that Huc can be stored for long periods without losing its ability to generate electricity. During the experiments, it was flash-frozen in liquid N2 and stored at −80 degrees Celsius with purification yielding 10–20 micrograms of the Huc complex.&nbsp;</p>

<p>Getting down to the brass tacks, the scientists said the early applications of Huc include powering small air-powered devices which could act as an alternative to solar-powered devices.&nbsp;</p>

<p>The next step involved is to scale up the production so that Huc can be produced in sufficient quantities to be used at a meaningful scale.&nbsp;</p>

<p>“Once we produce Huc in sufficient quantities, the sky is quite literally the limit for using it to produce clean energy," said Grinter.&nbsp;</p>

<p><em>(With inputs from agencies)</em><br />
<br />
&nbsp;</p>

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In what may come as a huge breakthrough in sustainable energy development, a team of researchers at the Monash University in Melbourne have found a way to generate limitless electricity out of thin air.

In what may come as a huge breakthrough in sustainable energy development, a team of researchers at the Monash University in Melbourne have found a way to generate limitless electricity out of thin air. The scientists discovered a hydrogen-consuming enzyme from a common soil bacterium that uses the atmosphere as an energy source to generate electrical current. Led by Monash’s Dr Rhys Grinter, PhD student Ashleigh Kropp, and Professor Chris Greening, from the Biomedicine Discovery Institute, the research findings were published in the new edition of the journal Nature. Hydrogen gas scavenger The enzyme discovered is called Huc (pronounced “Huck”) and is made by Mycobacterium smegmatis bacteria, allowing it to survive in harsh conditions. “We’ve known for some time that bacteria can use the trace hydrogen in the air as a source of energy to help them grow and survive, including in Antarctic soils, volcanic craters, and deep in the ocean," said Professor Rhys Grinter. Huc acts as a hydrogen gas scavenger, devouring the gas below atmospheric levels to produce its magic. “Huc is extremely effective. Unlike all other known enzymes and chemical catalysts, it uses hydrogen at amounts below atmospheric levels – as little as 0.00005 per cent of the air we breathe," added Grinter. Notably, Mycobacterium smegmatis was discovered in 1985 by Sigmund Lustgarten, an Austrian doctor who was looking into skin diseases. The particular bacterium resides in the soil and is relatively unharmful - not causing any disease. It has been well-studied due to its use as a model for organism for tuberculosis. Grinter explained that to separate Huc from M. smegmatis, they had to develop a series of new methods, which included growing the bacteria from scratch and later breaking them open and using chemistry to isolate the single component. ALSO READ | South Korean scientists create an 'artificial sun' in pursuit of unlimited clean energy What next for Huc? The scientists added that Huc can be stored for long periods without losing its ability to generate electricity. During the experiments, it was flash-frozen in liquid N2 and stored at −80 degrees Celsius with purification yielding 10–20 micrograms of the Huc complex. Getting down to the brass tacks, the scientists said the early applications of Huc include powering small air-powered devices which could act as an alternative to solar-powered devices. The next step involved is to scale up the production so that Huc can be produced in sufficient quantities to be used at a meaningful scale. “Once we produce Huc in sufficient quantities, the sky is quite literally the limit for using it to produce clean energy," said Grinter. (With inputs from agencies) WATCH WION LIVE HERE:

Limitless energy? Scientists discover enzyme to make electricity out of thin air

<p>The first energy pipeline between India and Bangladesh will be opened on Saturday (March 18)&nbsp;by Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina via video conference.&nbsp;</p>

<p>This pipeline, which is expected to cost Rs 377 crore, will be the first cross-border pipeline between the two nations. The sum of the costs includes the Rs 285 crore spent on paving the section on the Bangladeshi side, reported PTI.&nbsp;</p>

<p id="2">“Prime Minister Narendra Modi and Prime Minister of Bangladesh&nbsp;Sheikh Hasina will inaugurate the India-Bangladesh friendship pipeline on March 18 at 1700 hours (IST) via video-conference,” the Ministry of External Affairs (MEA) said in a statement on Friday.</p>

<p id="3">“This is the first cross-border energy pipeline between India and Bangladesh, built at an estimated cost of INR 377 crore (INR 3.77 billion), of which the Bangladesh portion of the pipeline built at a cost of approximately Rs 285 crore (INR 2.85 billion), has been borne by the Government of India under grant assistance,” it said in a statement.</p>

<p>According to the MEA, the pipeline has the ability to move 1 million MMTPA of high-speed diesel. It would initially provide high-speed diesel to seven districts in northern Bangladesh.</p>

<p><strong>ALSO READ </strong>|&nbsp;<a href="https://www.wionews.com/india-news/united-states-of-kailasa-indian-godmans-fictional-country-cons-30-us-cities-with-sister-city-scam-573222">United States of Kailasa’: Fugitive godman’s fictional country cons 30 US cities, inks ‘sister city’ pact</a></p>

<p>“The operation of India-Bangladesh Friendship Pipeline will put in place a sustainable, reliable, cost-effective and environment-friendly mode of transporting HSD from India to&nbsp;Bangladesh and will further enhance cooperation in energy security between the two countries,” the MEA said.</p>

<p>This most recent endeavour is in keeping with India's Neighbourhood First Policy, which has been a cornerstone of its foreign policy during this time.&nbsp;</p>

<p><strong>ALSO WATCH |&nbsp;Bangladesh Panel: Fire at Rohingya camp, a sabotage | Inside South Asia</strong></p>

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<p>Premier Sheikh Hasina visited India in September as part of a state visit and spoke with PM Modi on a one-on-one basis. The strong bilateral connections, founded on long-standing historical and brotherly ties and a commitment to democracy and pluralism, were commended by both leaders for their great state.&nbsp;</p>

<p>In terms of funds disbursed during the previous financial year, MEA reports that India overtook China as Bangladesh's leading partner in development cooperation. India has provided Bangladesh with concessional loans of approximately USD 10 billion, including through three of its largest bilateral lines of credit.</p>

<p><em>(With inputs from agencies)</em><br />
<br />
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The first energy pipeline between India and Bangladesh will be opened on Saturday (March 18) by Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina via video conference.

The first energy pipeline between India and Bangladesh will be opened on Saturday (March 18) by Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina via video conference. This pipeline, which is expected to cost Rs 377 crore, will be the first cross-border pipeline between the two nations. The sum of the costs includes the Rs 285 crore spent on paving the section on the Bangladeshi side, reported PTI. “Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina will inaugurate the India-Bangladesh friendship pipeline on March 18 at 1700 hours (IST) via video-conference,” the Ministry of External Affairs (MEA) said in a statement on Friday. “This is the first cross-border energy pipeline between India and Bangladesh, built at an estimated cost of INR 377 crore (INR 3.77 billion), of which the Bangladesh portion of the pipeline built at a cost of approximately Rs 285 crore (INR 2.85 billion), has been borne by the Government of India under grant assistance,” it said in a statement. According to the MEA, the pipeline has the ability to move 1 million MMTPA of high-speed diesel. It would initially provide high-speed diesel to seven districts in northern Bangladesh. ALSO READ | United States of Kailasa’: Fugitive godman’s fictional country cons 30 US cities, inks ‘sister city’ pact “The operation of India-Bangladesh Friendship Pipeline will put in place a sustainable, reliable, cost-effective and environment-friendly mode of transporting HSD from India to Bangladesh and will further enhance cooperation in energy security between the two countries,” the MEA said. This most recent endeavour is in keeping with India's Neighbourhood First Policy, which has been a cornerstone of its foreign policy during this time. ALSO WATCH | Bangladesh Panel: Fire at Rohingya camp, a sabotage | Inside South Asia Premier Sheikh Hasina visited India in September as part of a state visit and spoke with PM Modi on a one-on-one basis. The strong bilateral connections, founded on long-standing historical and brotherly ties and a commitment to democracy and pluralism, were commended by both leaders for their great state. In terms of funds disbursed during the previous financial year, MEA reports that India overtook China as Bangladesh's leading partner in development cooperation. India has provided Bangladesh with concessional loans of approximately USD 10 billion, including through three of its largest bilateral lines of credit. (With inputs from agencies) WATCH WION LIVE HERE:

New paradigm in India-Bangladesh ties: PM Modi, Sheikh Hasina to inaugurate cross-border energy pipeline

<p>The EU unveiled plans&nbsp;to make electricity bills "less dependent" on fossil fuel costs to reduce the likelihood of price hikes similar to those seen when Russia invaded Ukraine.&nbsp;</p>

<p>Since the conflict in Moscow last year pushed prices skyrocketing for both corporations and everyday users, Brussels has been striving to modernise its electrical grid.&nbsp;</p>

<p>In Europe, the cost of the most expensive energy sources—typically gas-powered plants, which are adaptable enough to meet spikes in demand—is used to determine wholesale energy prices.</p>

<p>Gas prices rose tremendously after Russian President Vladimir Putin sent in his troops, taking EU electricity costs with them and leaving governments struggling&nbsp;to compensate consumers.</p>

<p>"For over two decades the electricity market design has served European companies and consumers, letting them enjoy the benefits of a single market," said European energy commissioner Kadri Simson.&nbsp;</p>

<p><strong>ALSO READ |</strong> <a href="https://www.wionews.com/world/data-lab-in-maps-strategic-significance-of-bakhmut-in-russia-ukraine-war-571884">Data lab | In maps: Strategic significance of Bakhmut in Russia-Ukraine war</a></p>

<p>"However, the crisis spurred by Russia's attack on Ukraine exposed a number of shortcomings in the current system which needed to be addressed."</p>

<p>Several nations, such as France and Spain, have demanded a complete overhauling of the system and a complete decoupling of the price of electricity from the price of gas.</p>

<p>Nonetheless, the proposals made by the EU's executive branch, the specifics of which must now be worked out between the European Parliament and member states, fall short of those requirements.</p>

<p>By promoting long-term contracts for renewable energy, they seek to bring down&nbsp;the impact of variable fossil fuel pricing as opposed to making a complete transition.</p>

<p>The measures would provide citizens additional rights to negotiate long-term fixed-price contracts with their energy provider, reducing their susceptibility to the sudden price increase.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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The EU unveiled plans to make electricity bills "less dependent" on fossil fuel costs to reduce the likelihood of price hikes similar to those seen when Russia invaded Ukraine.

The EU unveiled plans to make electricity bills "less dependent" on fossil fuel costs to reduce the likelihood of price hikes similar to those seen when Russia invaded Ukraine. Since the conflict in Moscow last year pushed prices skyrocketing for both corporations and everyday users, Brussels has been striving to modernise its electrical grid. In Europe, the cost of the most expensive energy sources—typically gas-powered plants, which are adaptable enough to meet spikes in demand—is used to determine wholesale energy prices. Gas prices rose tremendously after Russian President Vladimir Putin sent in his troops, taking EU electricity costs with them and leaving governments struggling to compensate consumers. "For over two decades the electricity market design has served European companies and consumers, letting them enjoy the benefits of a single market," said European energy commissioner Kadri Simson. ALSO READ | Data lab | In maps: Strategic significance of Bakhmut in Russia-Ukraine war "However, the crisis spurred by Russia's attack on Ukraine exposed a number of shortcomings in the current system which needed to be addressed." Several nations, such as France and Spain, have demanded a complete overhauling of the system and a complete decoupling of the price of electricity from the price of gas. Nonetheless, the proposals made by the EU's executive branch, the specifics of which must now be worked out between the European Parliament and member states, fall short of those requirements. By promoting long-term contracts for renewable energy, they seek to bring down the impact of variable fossil fuel pricing as opposed to making a complete transition. The measures would provide citizens additional rights to negotiate long-term fixed-price contracts with their energy provider, reducing their susceptibility to the sudden price increase. (With inputs from agencies) WATCH WION LIVE HERE:

EU introduces electricity reforms to lessen threat of price spike seen after Russia invaded Ukraine

<p>The International Energy Agency (IEA) said on March 2 (Thursday) that global energy-related emissions of carbon dioxide hit a record high last year. It added that more clean technology such as solar power and electric vehicles helped in limiting the impact of increased coal and oil use.&nbsp;</p>

<p>Scientists around the world have pointed out in the past that if runaway climate change is to be prevented, deep emission cuts, mainly from burning fossil fuels, will be needed over the coming years.&nbsp;</p>

<p>"We still see emissions growing from fossil fuels, hindering efforts to meet the world's climate targets," IEA Executive Director Fatih Birol said in a release alongside the report.</p>

<p>The report by the Paris-based watchdog comes just weeks after major fossil fuel producers such as Chevron, Exxon Mobil and Shell reported record profits, with BP also rowing back on plans to slash oil and gas output and reduce emissions.</p>

<p>"International and national fossil fuel companies are making record revenues and need to take their share of responsibility," Birol said.</p>

<p>Global emissions from energy rose by 0.9% in 2022 to a record 36.8 billion tonnes, the IEA analysis showed.</p>

<p>Carbon dioxide emissions due to burning of coal grew by 1.6 per cent last year. This was in part due to many countries turning to more polluting fuel after Russian invasion of Ukraine and the subsequent energy crisis.</p>

<p>CO2 emissions from oil rose by 2.5% but remained below pre-pandemic levels, the report said.</p>

<p>Around half of the increase in oil-related emissions was due to a rise in air travel which was rebounding from a low during the pandemic.</p>

<p><em>(With inputs from agencies)</em></p>

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The International Energy Agency (IEA) said on March 2 (Thursday) that global energy-related emissions of carbon dioxide hit a record high last year. It added that more clean technology such as solar power and electric vehicles helped in limiting the impact of increased coal and oil use.

The International Energy Agency (IEA) said on March 2 (Thursday) that global energy-related emissions of carbon dioxide hit a record high last year. It added that more clean technology such as solar power and electric vehicles helped in limiting the impact of increased coal and oil use. Scientists around the world have pointed out in the past that if runaway climate change is to be prevented, deep emission cuts, mainly from burning fossil fuels, will be needed over the coming years. "We still see emissions growing from fossil fuels, hindering efforts to meet the world's climate targets," IEA Executive Director Fatih Birol said in a release alongside the report. The report by the Paris-based watchdog comes just weeks after major fossil fuel producers such as Chevron, Exxon Mobil and Shell reported record profits, with BP also rowing back on plans to slash oil and gas output and reduce emissions. "International and national fossil fuel companies are making record revenues and need to take their share of responsibility," Birol said. Global emissions from energy rose by 0.9% in 2022 to a record 36.8 billion tonnes, the IEA analysis showed. Carbon dioxide emissions due to burning of coal grew by 1.6 per cent last year. This was in part due to many countries turning to more polluting fuel after Russian invasion of Ukraine and the subsequent energy crisis. CO2 emissions from oil rose by 2.5% but remained below pre-pandemic levels, the report said. Around half of the increase in oil-related emissions was due to a rise in air travel which was rebounding from a low during the pandemic. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Global energy industry-linked carbon dioxide emissions hit record high in 2022, says IEA report

Energy watchdog, International Energy Agency has slammed the fossil fuel industry as they fail to tackle their methane emissions despite making pledges to fix it.

Energy watchdog slams fossil fuel firms

<p>The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted. The global energy crisis worsened after Russia launched a full-scale invasion in February 2022, it further underlines, stressing that continued high reliance on fossil fuels and the severe mismatch between energy demand and supply were among the other factors that contributed.&nbsp;</p>

<p>With Russia being a major exporter of oil (12.3 per cent of global supply in 2021) and natural gas (23.6 per cent), European nations dependent on oil and natural gas imports from the country, already at high risk since gas storages were nearly and probably deliberately emptied before the war, face unprecedented fuel supply shortages, according to the study by the Birmingham University. Many economies have been pushed into recession, it further points out, and inflation has been triggered due to the energy crisis.</p>

<p>Even as several governments have brought in measures to subsidise soaring energy bills for households, these might be insufficient in view of the scale of the problem, researchers said. The surge in direct energy costs of households in 116 countries range from 51.1 per cent to 176.1 per cent.&nbsp;</p>

<p>"Referring to the World Bank’s latest international poverty line (US$2.15 in 2017 purchasing power parity (PPP) per person per day, updated in September 2022), we estimated that an additional 78 million–141 million people (1.2–2.1 percent of the global population) could be pushed into extreme poverty," the report reads. "Our results are 5–48% larger than the estimates from the World Bank (75 million–95 million compared with pre-crisis projections)," it adds.&nbsp;</p>

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The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted.

The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted. The global energy crisis worsened after Russia launched a full-scale invasion in February 2022, it further underlines, stressing that continued high reliance on fossil fuels and the severe mismatch between energy demand and supply were among the other factors that contributed. With Russia being a major exporter of oil (12.3 per cent of global supply in 2021) and natural gas (23.6 per cent), European nations dependent on oil and natural gas imports from the country, already at high risk since gas storages were nearly and probably deliberately emptied before the war, face unprecedented fuel supply shortages, according to the study by the Birmingham University. Many economies have been pushed into recession, it further points out, and inflation has been triggered due to the energy crisis. Even as several governments have brought in measures to subsidise soaring energy bills for households, these might be insufficient in view of the scale of the problem, researchers said. The surge in direct energy costs of households in 116 countries range from 51.1 per cent to 176.1 per cent. "Referring to the World Bank’s latest international poverty line (US$2.15 in 2017 purchasing power parity (PPP) per person per day, updated in September 2022), we estimated that an additional 78 million–141 million people (1.2–2.1 percent of the global population) could be pushed into extreme poverty," the report reads. "Our results are 5–48% larger than the estimates from the World Bank (75 million–95 million compared with pre-crisis projections)," it adds. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Russia-Ukraine war putting 141 million globally at risk of extreme poverty: Study 

The city of London corporation, the governing body in the capital has drafted documentation which it hopes will help 'cut light pollution and save energy' as new legislation could force high-rises to turn off their lights at night. @mohammed11saleh brings you this report.

London's governing body drafts a bill to cut light pollution

Over 100 academics have urged UK government to leave the Energy Charter Treaty, which enables fossil fuel firms to sue government over policies that could affect their future profits. Alyson Le Grange tells you more about this treaty and how other countries are leaving Energy Charter Treaty.

Is United Kingdom living up to its green credentials?

Green energy plays a key role in the energy transition due to its low environmental impact. Green energy helps fight global warming by not producing greenhouse gases or increasing carbon emissions. Switzerland is looking to maximise its green energy production in the winter months.

Switzerland looking to maximise green energy production

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