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The increase in fossil fuel financing by banks in 2024 marked a reversal of decreasing lending to the segment.

World’s biggest banks increased fossil fuel financing by $162 billion in 2024: Report

June 22, 2025 7:44 am

SBI’s fossil fuel financing edged up by $65 million last year, according to Fossil Fuel Finance Report 2025.

Rio omits fossil fuel phase-out mention, Baku feels the pinch

November 20, 2024 2:28 am

That could undo a very significant, though symbolic, victory that was achieved in Dubai at last year’s climate conference.

How to phase out fossil fuels without leaving anyone behind

June 13, 2024 4:33 pm

The world has entered the 'beginning of the end' of the fossil fuel era, according to UN leaders, with 200 countries signed up to a move away from fossil fuels and expanding renewables to cut planet-heating emissions.

Why the old script can’t work for India’s green transition

June 03, 2024 10:22 am

India’s energy sector is on a cusp. Fossil fuels will dominate it for decades more, but the overriding priority is to reduce its share. The next government’s challenge is to accelerate the latter against the backdrop of a polarised international geopolitical context and exponential technological innovation

Express at COP28: Nations strike climate deal to transition away from fossil fuels

December 14, 2023 7:32 am

The countries agreed to contribute towards tripling global renewable energy capacity and doubling the current annual rate of energy efficiency improvements by 2030.

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G20 countries gave record $1.4 trillion to support fossil fuels in 2022: report

August 23, 2023 2:01 am

The report comes ahead of the Leaders’ Summit when the Group of 20 will meet in Delhi on September 9-10 and attempt to gain consensus on climate change.

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No consensus on fossil fuels at G20 energy meet

July 23, 2023 1:30 am

Responding to media persons, the Union Minister for Power and New and Renewable Energy, R K Singh, said fossil fuel was one key sticking point among other issues on which consensus could not be reached.

India to issue tenders for 250 GW of new renewable capacity by March 2028

April 03, 2023 11:24 am

After missing a target to install 175 GW in renewable energy capacity by 2022, India is now trying to boost non-fossil capacity - solar and wind energy, nuclear and hydro power, and bio-power - to 500 GW by 2030.

The lesson for the clean energy sector is two-fold. One, like oil, clean energy minerals and components are internationally traded. There can be purchased on the international market. The country should desist therefore from building a high-cost, domestic, clean energy hub that is forever dependent on subsidies.

Vikram Mehta writes: India's fossil fuel lessons for net zero

April 03, 2023 9:03 am

As the transition to clean energy becomes imperative, India’s tryst with hydrocarbons can offer a roadmap of what not to do

Fossil fuels firms failed to curb methane emission: What IEA’s annual report says

February 28, 2023 5:34 pm

The report said 75 per cent of methane emissions from the energy sector can be reduced with the help of cheap and readily available technology. However, fossil fuel companies have failed to take any substantial action regarding the issue