Energy transition refers to the process of shifting from a fossil fuel-based energy system to one that is predominantly based on renewable energy sources, such as solar, wind, and hydropower. This transition encompasses changes in energy production, distribution, and consumption patterns, aiming for a more sustainable and low-carbon energy future. The goal is to reduce greenhouse gas emissions, enhance energy efficiency, and mitigate climate change impacts. Energy transition often involves technological advancements, policy frameworks, and economic shifts to support the integration of renewables and improve energy infrastructure. It also emphasizes the importance of social and environmental considerations in the shift towards a more sustainable energy landscape.
ONGC commits Rs1.2 billion to ONGC Green for the acquisition of PTC Energy, marking a shift towards sustainable energy. The acquisition involves securing a 100% equity stake in PTC Energy,…
The global energy landscape is caught between rising oil and gas demand and the push for renewables. Oil industry investment needs to increase by 30%, with $660 billion annually required…
In 2023, Lea County, New Mexico, saw an economic surge, generating $180 million from oil and natural gas, eight times the previous year's revenue. Despite the sudden wealth, the impermanence…