Moody’s Investor Service predicts that the US coal industry will continue a “sharp decline.” That is, unless carbon capture and storage (CCS) is deployed. The technology involves capturing carbon emissions from power plants (and other producers), and then burying the emissions underground. Through proper monitoring, the buried emissions can remain there for tens of thousands of years. If done at scale—burying billions of metric of carbon dioxide by 2050—the technology can hel
Anniversaries are always a time for both reflection and preparation, and India’s 69th Republic Day will be no different. On January 26, all 10 ASEAN members will attend a major summit in New Delhi to celebrate seven decades of Indian constitutional democracy. All sides will, of course, celebrate that past with one eye firmly set on their own present and future interests. The dailyReport Must-reads from across Asia - directly to your inbox For India, the decision to invite the
The drive to make power plants compliant with environmental norms is going to open up a Rs 1.3-lakh-crore opportunity in the next three years for emission control equipment providers. According to a latest report by research firm Motilal Oswal Securities, companies such as BHEL, L&T, GE Power and Reliance Infra should benefit from the opportunity. The latest emission norms should also bring some respite to the power sector, long mired by the tepid growth of electricity demand
ASEAN Ministers in September 2017 issued a joint statement calling for the ‘increased promotion, and enhanced deployment of cleaner coal technology’ and called on multilateral development banks to support ASEAN countries in adopting ‘low-emission coal as part of their commitment to the Paris Agreement’.