India gets ready to launch a national carbon market
20 Oct 2022
The Indian government has green-lighted the creation of a national carbon market that will be key to decarbonising heavy industry and helping shape international carbon trading.
As part of its updated commitment under the Paris Agreement, the country aims for non-fossil fuels – solar and wind but also large hydro, which until recently was not classified as renewable due to its environmental impacts, and biomass – to make up 50% of its power generation capacity by the end of the decade. Yet India is struggling to dial back its dependence on fossil fuels, with coal still providing around 70% of total power generation.
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Philippines declares national emergency over high fuel prices
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President Ferdinand R. Marcos Jr. of the Philippines declared a national energy emergency on Tuesday, saying that high oil prices caused by the war in the Middle East were threatening the country’s energy security.
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India will use more coal over the next 25 years, report says
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India's coal consumption could more than double by mid-century before plunging sharply as the country shifts toward cleaner energy, long‑term projections published by government think-tank NITI Aayog show.
