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India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday.

The proposals, aimed at promoting green Hydrogen as an alternative to the fossil fuels currently used by industries, will be made effective through amendments to India's 2001 Energy Conservation Act.

The proposed amendments would facilitate the development of a carbon market in India and prescribe minimum consumption of renewable energy either as direct consumption or indirect use through grid, the power ministry said in a statement.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/india-set-to-achieve-450-gw-renewable-energy-installed-capacity-by-2030-centre-420061">India set to achieve 450 GW renewable energy installed capacity by 2030: Centre</a>

"This will help in reduction of fossil fuel based energy consumption and carbon emission to the atmosphere."

The announcement comes just days after India rejected calls to announce a net zero carbon emissions target and said it was more important for the world to lay out a pathway to reduce such emissions and avert a dangerous rise in global temperatures.

India, the world's third-biggest emitter of greenhouse gases after China and the United States, is under pressure to announce plans to become carbon neutral by mid-century or thereabouts at next week's climate conference in Glasgow.

India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday.

India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday. The proposals, aimed at promoting green Hydrogen as an alternative to the fossil fuels currently used by industries, will be made effective through amendments to India's 2001 Energy Conservation Act. The proposed amendments would facilitate the development of a carbon market in India and prescribe minimum consumption of renewable energy either as direct consumption or indirect use through grid, the power ministry said in a statement. Also Read | India set to achieve 450 GW renewable energy installed capacity by 2030: Centre "This will help in reduction of fossil fuel based energy consumption and carbon emission to the atmosphere." The announcement comes just days after India rejected calls to announce a net zero carbon emissions target and said it was more important for the world to lay out a pathway to reduce such emissions and avert a dangerous rise in global temperatures. India, the world's third-biggest emitter of greenhouse gases after China and the United States, is under pressure to announce plans to become carbon neutral by mid-century or thereabouts at next week's climate conference in Glasgow.

India proposes new rules to push green energy use in industries

As the world's nations prepare to gather for another climate summit next month in Glasgow, the OPEC oil cartel is reminding that, in their view, crude will continue to be the leading source of energy for decades, especially as the world's less-wealthy countries seek higher growth and standards of living.

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries.

But the energy needs of expanding economies in other parts of the world will still leave oil as the world's No. 1 source of energy through 2045, OPEC said Tuesday in its annual World Oil Outlook.

"What is clear in this year's WOO is that energy and oil demand has picked up significantly in 2021, after the massive drop in 2020, and continued expansion is forecast for the longer-term," the report said.

Global primary energy demand is expected to increase by 28 per cent in the period between 2020 and 2045, with all energies required, driven by an expected doubling in size of the global economy and the addition of around 1.7 billion people worldwide by 2045.

Only coal will see less use, while other sources of energy will see increasing demand, though the share will shift to include a bigger proportion for renewables, nuclear and natural gas, according to the group.

The 340-page report sketches out a future of declining demand for oil in wealthier countries that belong to the 38-member Organization for Economic Development and Cooperation, as efforts to fight climate change take hold in the form of renewables and alternative fuels in cars, aeroplanes and ships.

It forecasts that the world's vehicle fleet would grow by 1.1 billion to 2.6 billion by the end of the report's time frame in 2045 and that 500 million of those would be electric-powered, or 20 per cent of all vehicles.

But growing populations and expanding middle classes in the rest of the world including China and India will mean increased demand for oil between 2020 and 2045, although much of that increase will take place in the earlier part of that period, the report produced by OPEC's secretariat in Vienna said.

Oil will satisfy 28.1 per cent of the world's energy demand by 2045, down from 30 per cent in 2020 but ahead of natural gas with 24.4 per cent and coal with 17.4 per cent. Hydroelectric, nuclear and biomass energy sources and other renewables such as wind and solar make up the rest.

A key reason cited for declining energy use in the more-developed world was demography: shrinking and ageing populations that usher in lower economic growth.

The report noted that growing awareness of the need to accelerate actions to address climate change has resulted in ambitious new policy intentions to reach net-zero emissions by 2050.

The European Union, the United States, Japan, the UK, Canada and Brazil have proposed roadmaps to meet new goals.

OPEC, however, noted considerable doubts as to whether all these ambitious climate-mitigation commitments will be met in the proposed timeframe.

For example, the European Union in July spelt out its Fit for 55 packages, in which the 27-country bloc vowed to reduce emissions by 55 per cent from 1990 levels by 2030.

OPEC said that the plan remains exactly that for the time being, a plan, which still needs to be negotiated and agreed by all EU Member States, leaving ample scope for exceptions and watering-down.

The UK will host the 26th UN climate change conference October 31-November 12 in Glasgow, Scotland, where national leaders will seek ways to reduce the emission of greenhouse gases and limit the rise in global temperatures.

As the world's nations prepare to gather for another climate summit next month in Glasgow, the OPEC oil cartel is reminding that, in their view, crude will continue to be the leading source of energy for decades, especially as the world's less-wealthy countries seek higher growth and standards of living.

As the world's nations prepare to gather for another climate summit next month in Glasgow, the OPEC oil cartel is reminding that, in their view, crude will continue to be the leading source of energy for decades, especially as the world's less-wealthy countries seek higher growth and standards of living. OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries. But the energy needs of expanding economies in other parts of the world will still leave oil as the world's No. 1 source of energy through 2045, OPEC said Tuesday in its annual World Oil Outlook. "What is clear in this year's WOO is that energy and oil demand has picked up significantly in 2021, after the massive drop in 2020, and continued expansion is forecast for the longer-term," the report said. Global primary energy demand is expected to increase by 28 per cent in the period between 2020 and 2045, with all energies required, driven by an expected doubling in size of the global economy and the addition of around 1.7 billion people worldwide by 2045. Only coal will see less use, while other sources of energy will see increasing demand, though the share will shift to include a bigger proportion for renewables, nuclear and natural gas, according to the group. The 340-page report sketches out a future of declining demand for oil in wealthier countries that belong to the 38-member Organization for Economic Development and Cooperation, as efforts to fight climate change take hold in the form of renewables and alternative fuels in cars, aeroplanes and ships. It forecasts that the world's vehicle fleet would grow by 1.1 billion to 2.6 billion by the end of the report's time frame in 2045 and that 500 million of those would be electric-powered, or 20 per cent of all vehicles. But growing populations and expanding middle classes in the rest of the world including China and India will mean increased demand for oil between 2020 and 2045, although much of that increase will take place in the earlier part of that period, the report produced by OPEC's secretariat in Vienna said. Oil will satisfy 28.1 per cent of the world's energy demand by 2045, down from 30 per cent in 2020 but ahead of natural gas with 24.4 per cent and coal with 17.4 per cent. Hydroelectric, nuclear and biomass energy sources and other renewables such as wind and solar make up the rest. A key reason cited for declining energy use in the more-developed world was demography: shrinking and ageing populations that usher in lower economic growth. The report noted that growing awareness of the need to accelerate actions to address climate change has resulted in ambitious new policy intentions to reach net-zero emissions by 2050. The European Union, the United States, Japan, the UK, Canada and Brazil have proposed roadmaps to meet new goals. OPEC, however, noted considerable doubts as to whether all these ambitious climate-mitigation commitments will be met in the proposed timeframe. For example, the European Union in July spelt out its Fit for 55 packages, in which the 27-country bloc vowed to reduce emissions by 55 per cent from 1990 levels by 2030. OPEC said that the plan remains exactly that for the time being, a plan, which still needs to be negotiated and agreed by all EU Member States, leaving ample scope for exceptions and watering-down. The UK will host the 26th UN climate change conference October 31-November 12 in Glasgow, Scotland, where national leaders will seek ways to reduce the emission of greenhouse gases and limit the rise in global temperatures.

Despite the green energy push, Oil will be world's No 1 energy source: OPEC

In Argentina's sunny Mendoza province, officials had been preparing to break ground on the Vecaso solar park, a 115-megawatt project costing $90 million. The culmination of nearly four years of planning, Vecaso was one of several ambitious projects to take root under a renewable energy push by the government of President <a href="https://www.wionews.com/sports/argentina-president-mauricio-macri-requests-new-search-for-footballer-emiliano-sala-192898">Mauricio Macri</a>.

But that project is now in limbo, along with at least two other clean energy investments totalling half a billion dollars - victims of political and economic uncertainty that has crimped cash flow into Argentine industries from shale drilling to cars.

Latin America's no. 3 economy is facing default fears following a sharp market crash and has imposed stricter capital controls to protect the peso after an election last month that saw business-friendly Macri beaten by opposition candidate Alberto Fernandez.

Once a sector that represented more than $4.5 billion in investments and 9 per cent&nbsp;of the country's total generation, the clean energy projects have ground to a halt as companies and financial backers wait for signals from Fernandez on his approach to energy and economic policy.

"The idea was to start construction before the end of the year, but with the current uncertainty we have been forced to adjust," said Ramiro Marquesini of Verano Capital, the Latin American company responsible for building the Vecaso solar park.

Marquesini said he hopes the construction will not be delayed beyond June of next year if the situation has stabilized by then.

Fernandez' vice president will be firebrand former President <a href="https://www.wionews.com/world/argentina-inflation-expected-at-53-in-december-2019-treasury-officials-249184">Cristina Fernandez de Kirchner</a>, known for interventionist economic policies during her two terms between 2007 and 2015. The return of the Peronists to power from next month has prompted investor fears that Argentina could be headed again in a more protectionist direction.

A spokesman for Alberto Fernandez did not respond to request for comment for this story.

The political uncertainty - not to mention inflation running at nearly 51per cent - has put up a barrier to finishing renewable energy projects in development, like the Vecaso solar park, industry executives told Reuters.

Further complicating the landscape are capital controls imposed by Macri's government that require financing institutions to convert investment dollars into pesos upon entering Argentina.

"Development banks and export credit agencies all just stopped making disbursements," said Gustavo Castagnino, communications director for Genneia, an Argentine energy firm that suspended the development of four wind farms representing a total of 200 megawatts.

Marcelo Alvarez, president of the Argentine Chamber of Renewable Energies (CADER), told Reuters in an interview that the situation was affecting "one of the few sectors that had real investments in recent times," adding that projects requiring a large initial investment were particularly affected.

In northwestern Argentina, a planned solar park in Jujuy province - already home to South America's largest solar farm - stalled after the results of the August primary election indicated that Macri was on his way out, according to a source with direct knowledge of the project.

Those behind the project had been in talks with European development banks for $100 million in funding to build a 96-megawatt solar farm. The paperwork and due diligence was in advanced stages, according to the source, who declined to be named due to the political sensitivity of the issue.

Then, Fernandez trounced Macri by a wider-than-expected margin, sending the peso and markets tumbling.

"We had an informal 'ok,' but when they were presenting the project to their steering committees, after the results of the primary, they didn't say no - they told us they were going to wait until things were more stable," the source said.

The project leaders are now looking into alternative funding options, the source said.

In Argentina's sunny Mendoza province, officials had been preparing to break ground on the Vecaso solar park, a 115-megawatt project costing $90 million. The culmination of nearly four years of planning, Vecaso was one of several ambitious projects to take root under a renewable energy push by the government of President Mauricio Macri.

In Argentina's sunny Mendoza province, officials had been preparing to break ground on the Vecaso solar park, a 115-megawatt project costing $90 million. The culmination of nearly four years of planning, Vecaso was one of several ambitious projects to take root under a renewable energy push by the government of President Mauricio Macri. But that project is now in limbo, along with at least two other clean energy investments totalling half a billion dollars - victims of political and economic uncertainty that has crimped cash flow into Argentine industries from shale drilling to cars. Latin America's no. 3 economy is facing default fears following a sharp market crash and has imposed stricter capital controls to protect the peso after an election last month that saw business-friendly Macri beaten by opposition candidate Alberto Fernandez. Once a sector that represented more than $4.5 billion in investments and 9 per cent of the country's total generation, the clean energy projects have ground to a halt as companies and financial backers wait for signals from Fernandez on his approach to energy and economic policy. "The idea was to start construction before the end of the year, but with the current uncertainty we have been forced to adjust," said Ramiro Marquesini of Verano Capital, the Latin American company responsible for building the Vecaso solar park. Marquesini said he hopes the construction will not be delayed beyond June of next year if the situation has stabilized by then. Fernandez' vice president will be firebrand former President Cristina Fernandez de Kirchner, known for interventionist economic policies during her two terms between 2007 and 2015. The return of the Peronists to power from next month has prompted investor fears that Argentina could be headed again in a more protectionist direction. A spokesman for Alberto Fernandez did not respond to request for comment for this story. The political uncertainty - not to mention inflation running at nearly 51per cent - has put up a barrier to finishing renewable energy projects in development, like the Vecaso solar park, industry executives told Reuters. Further complicating the landscape are capital controls imposed by Macri's government that require financing institutions to convert investment dollars into pesos upon entering Argentina. "Development banks and export credit agencies all just stopped making disbursements," said Gustavo Castagnino, communications director for Genneia, an Argentine energy firm that suspended the development of four wind farms representing a total of 200 megawatts. Marcelo Alvarez, president of the Argentine Chamber of Renewable Energies (CADER), told Reuters in an interview that the situation was affecting "one of the few sectors that had real investments in recent times," adding that projects requiring a large initial investment were particularly affected. In northwestern Argentina, a planned solar park in Jujuy province - already home to South America's largest solar farm - stalled after the results of the August primary election indicated that Macri was on his way out, according to a source with direct knowledge of the project. Those behind the project had been in talks with European development banks for $100 million in funding to build a 96-megawatt solar farm. The paperwork and due diligence was in advanced stages, according to the source, who declined to be named due to the political sensitivity of the issue. Then, Fernandez trounced Macri by a wider-than-expected margin, sending the peso and markets tumbling. "We had an informal 'ok,' but when they were presenting the project to their steering committees, after the results of the primary, they didn't say no - they told us they were going to wait until things were more stable," the source said. The project leaders are now looking into alternative funding options, the source said.

Argentina's political uncertainty and debt crisis torpedo green energy push

Hassan Raza says his clean fuel company, which captures natural gas &quot;flared&quot; at Pakistan&#39;s oil fields and sells it to industrial customers, is struggling to expand despite energy shortages and concerns over the country&#39;s poor pollution record.

EGas Pvt&nbsp;Ltd&nbsp;has a number of high-profile clients, some of whom turned to the small firm during the worst shortages in 2010 and 2011, but Raza says the government should be doing more to encourage environmentally friendly technology.

&quot;A high cost penalty on emitted carbon is the only way this type of business can grow; otherwise what incentive would companies have to stop flaring?&quot; Raza told Reuters at the EGas compression plant in Pakistan&#39;s central Chakwal district.

&quot;You penalise them and they will be forced to clean up their act. And that&#39;s where we come in.&quot;

A spokesman at the Pakistan Environmental Protection Agency said flaring occurred, but that measures were being taken to control it. &quot;We are in touch with all stakeholders and are seeking their compliance as per international standards,&quot; he said.

Chronic power shortages severely dented Pakistan&#39;s economy earlier in the decade, and industry turned to burning wood, rubber, and even used shoes to keep its furnaces, boilers and generators running.

Those pressures have eased considerably, with rising volumes of imported liquefied natural gas (LNG) and heavy investment in pipelines and port terminals. There are plans to have five LNG terminals operational by the start of 2019.

Compared to state-led investment in LNG, Raza operates at the margins, but sees potential for growth in a country that generates only two-thirds of its energy needs.

Despite being around for seven years, and employing about 100 people, EGas only captures 3 million cubic feet per day (MMcfd) of the estimated 150 MMcfd of gas that Pakistan flares, or burns, daily.

&quot;I&#39;m only utilising a tiny portion of the gas that is being wasted around the country,&quot; Raza said.

Expansion is not cheap. EGas started out with one truck in 2010 and now has 25, each fitted with a network of cylinders inside to store and transport highly pressurised gas. The largest of the trucks costs $1 million apiece.

The company has also had to lay down an expensive network of pipelines that take the captured gas from the oil wells to the company&#39;s hydration and compression plants.

While Raza wants more support from Pakistan, some of his clients turned to the company because of concern about pressure from foreign regulators and businesses.

Kohinoor Textile Mills, one of Pakistan&#39;s largest exporters which sells bed linen to major foreign brands, chose EGas in 2011 partly because of its green credentials.

To keep its plants running during the height of energy shortages, it was burning huge piles of wood and coal each day.

&quot;Foreign regulators and clients come and if you are burning away rubber and diesel and wood, it doesn&#39;t look good to them,&quot; said Usman Zafar, Kohinoor&#39;s general manager for processing.

&quot;Harming the environment is almost as big a no-no now as child labour. So we had to find new ways to keep running.&quot;

Another major client is Murree Brewery that started sourcing gas from EGas in 2015.

&quot;We wanted to find something better than furnace oil, or burning wood, something that caused less pollution,&quot; said Mohammad Javaid, the brewery&#39;s general manager.

(Reuters)

Raza, who owns the clean energy company Egas PVT, says the government should be doing more to encourage environmentally friendly technology

Hassan Raza says his clean fuel company, which captures natural gas "flared" at Pakistan's oil fields and sells it to industrial customers, is struggling to expand despite energy shortages and concerns over the country's poor pollution record. EGas Pvt Ltd has a number of high-profile clients, some of whom turned to the small firm during the worst shortages in 2010 and 2011, but Raza says the government should be doing more to encourage environmentally friendly technology. "A high cost penalty on emitted carbon is the only way this type of business can grow; otherwise what incentive would companies have to stop flaring?" Raza told Reuters at the EGas compression plant in Pakistan's central Chakwal district. "You penalise them and they will be forced to clean up their act. And that's where we come in." A spokesman at the Pakistan Environmental Protection Agency said flaring occurred, but that measures were being taken to control it. "We are in touch with all stakeholders and are seeking their compliance as per international standards," he said. Chronic power shortages severely dented Pakistan's economy earlier in the decade, and industry turned to burning wood, rubber, and even used shoes to keep its furnaces, boilers and generators running. Those pressures have eased considerably, with rising volumes of imported liquefied natural gas (LNG) and heavy investment in pipelines and port terminals. There are plans to have five LNG terminals operational by the start of 2019. Compared to state-led investment in LNG, Raza operates at the margins, but sees potential for growth in a country that generates only two-thirds of its energy needs. Despite being around for seven years, and employing about 100 people, EGas only captures 3 million cubic feet per day (MMcfd) of the estimated 150 MMcfd of gas that Pakistan flares, or burns, daily. "I'm only utilising a tiny portion of the gas that is being wasted around the country," Raza said. Expansion is not cheap. EGas started out with one truck in 2010 and now has 25, each fitted with a network of cylinders inside to store and transport highly pressurised gas. The largest of the trucks costs $1 million apiece. The company has also had to lay down an expensive network of pipelines that take the captured gas from the oil wells to the company's hydration and compression plants. While Raza wants more support from Pakistan, some of his clients turned to the company because of concern about pressure from foreign regulators and businesses. Kohinoor Textile Mills, one of Pakistan's largest exporters which sells bed linen to major foreign brands, chose EGas in 2011 partly because of its green credentials. To keep its plants running during the height of energy shortages, it was burning huge piles of wood and coal each day. "Foreign regulators and clients come and if you are burning away rubber and diesel and wood, it doesn't look good to them," said Usman Zafar, Kohinoor's general manager for processing. "Harming the environment is almost as big a no-no now as child labour. So we had to find new ways to keep running." Another major client is Murree Brewery that started sourcing gas from EGas in 2015. "We wanted to find something better than furnace oil, or burning wood, something that caused less pollution," said Mohammad Javaid, the brewery's general manager. (Reuters)

In Pakistan, clean fuel firm struggles despite energy shortages

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