Green ammonia is a little-known contender to become a major renewable fuel over the coming decades. It has around nine times the energy of lithium-ion batteries and its denser nature makes it easier to transport than liquid hydrogen. As oil majors race to find innovative renewable energy alternatives, green ammonia is gaining more international attention for its potential as an…
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Natural gas will play an important role in Australia’s accelerated energy transition as the country looks to boost renewable energy sources and phase down coal, according to Alan Finkel, Special Adviser to the Australian government on Low Emissions Technology. Australia currently relies on a lot of conventional energy sources. Coal and natural gas account for around 79 percent of the…
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Embattled German gas giant Uniper on Friday submitted a bailout application for government support after running into extreme financial distress, Finnish majority owner Fortum said in a statement. Uniper was the first German energy company to sound the alarm over soaring energy bills due to reduced supplies of Russian gas. It has been in talks with the German government over…
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The euro zone economy is expected to face higher inflation both this year and in 2023, officials told CNBC on Monday, while plans are being stepped up for the prospect of a permanent cut to Russian gas supplies. Europe has been under intense pressure in the wake of Russia’s invasion of Ukraine, with higher energy costs pushing up inflation across…
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All new passenger cars sold will be electric by 2040, ExxonMobil’s CEO Darren Woods told CNBC on Monday—not just in one country, but in the whole world. For comparison’s sake, last year, only 9% of the world’s passenger car sales were electric vehicles, including plug-in hybrids. While that’s a 100% increase from the year before, it’s l00% of a relatively…
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Almost all of Texas’ industrial-scale Bitcoin miners have come to a halt as the state tries to stave off power blackouts amid an intense heatwave, Bloomberg reported on Monday. Bitcoin miners, including Riot, Argo, and Core Scientific, have shut down millions of computers in response to the heatwave that is expected to cause blackouts. Those Bitcoin miners were lured to…
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Crude oil prices rallied in the afternoon after a rocky start to the trading day, with Brent crude finishing out the day at $106.57. Earlier in the trading day, Brent fell to $103.88 as the market weighed the opposing forces of China’s lockdowns and recession fears against tight global oil supplies. The bearish case has focused on covid disruptions in…
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Key findings from a new World Bank study estimate that new investments in grid-connected and off-grid renewable energy projects in Pakistan could generate more than 190,000 direct and 137,000 indirect jobs by 2030. The renewable energy industry provided about 14,000 direct and over 11,000 indirect jobs in 2020 against an installed base of 1,995MW of grid-connected wind and solar projects…
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Climate Change and the challenges, the world in general and Pakistan are facing, need immediate actions being a harsh reality which the humankind have to deal so that the world and the nature can be protected for our future generations… With the evolving world, the words like global warming, greenhouse effect, CO2 emission &carbon footprint, relentless use of fossil fuel,…
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