Svitlana Krakovska, who heads the applied climatology laboratory at Ukraine’s Hydrometeorological Institute, says fossil fuel dependency is the root of the Russia-Ukraine conflict. Europe’s dependency on Russian oil has pumped enough money into Russia to reinforce its military. Money from oil and gas exports contributed 43% to the Kremlin’s budget, which is a large chunk.
A report published by The Better India highlighted that electric vehicle sales in India have touched the highest mark ever. The report analyzed the number of electric vehicle registrations in the past year and found Uttar Pradesh to be on the top spot with 2,55,700 registrations.
People in many countries are urging their governments to ramp up the production and procurement of petroleum and natural gas. The IEA has suggested that countries should encourage people to reduce fuel consumption in the wake of the recent energy crisis, due to the Russia-Ukraine conflict.
The first Budapest hydrogen summit finally commenced on March 10 with the high-level policymakers, major industry stakeholders, and experts from the CEE region sectors committing to achieve a smooth shift to carbon-free hydrogen as energy fuel in the near future.
The Union Minister of Road Transport and Highways Nitin Gadkari inaugurated India’s first hydrogen fuel cell-based vehicle ‘Mirai’. The uniquely designed sedan is a part of the pilot project by the leading motor vehicles manufacturer Toyota with an aim to boost the green hydrogen capacity as an alternative fuel for the future.
The recent invasion of Ukraine by Russia has made western countries rethink their dependency on Russian oil and fossil fuel in general. The EU gets roughly 40% of its gas from Russia: According to figures from the research group Transport & Environment, this dependence costs around $118m a day.
Taking inspiration from South Korea, Anand Mahindra, the Indian billionare businessman and chairman of the Mahindra group, proposed installing solar panels over a cycling lane that runs between expressways.
India currently consumes only one-third of the global average consumption of energy. About 84% of India’s crude oil and 56% of natural gas are imported.
Reliance Industries Ltd., owned by Asia’s richest man Mukesh Ambani has aimed to be among the largest blue hydrogen producers at ‘competitive cost’ in its green energy transition plan.
Speaking at ‘Asia Economic Dialogue 2022’, Ambani said that India’s clean green energy sector has the potential of half a trillion dollars of export in the next 20 years.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.