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Around the same time, the Pentagon issued a warning that climate change, caused by unchecked fossil-fuel extraction, “will aggravate stressors abroad such as poverty, environmental degradation, political instability, and social tensions—conditions that can enable terrorist activity and other forms of violence.” A subsequent report issued by the CNA Corporation Military Advisory Board, a government-funded military research organization, went even further, stating that the effects of climate change—food insecurity and massive forced displacement, just to name two—”will serve as catalysts for instability and conflict.”
Tags » Power And Energy
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The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions.
India need investments of over USD 250 billion for development of the power sector in the next three years, says a report. “Total investment of over USD 250 billion is required for development of the power system during the 12th plan,” Integrated Research and Action for Development said in its report.
The Supreme Court’s verdict to cancel all but four coal mines allocated since 1993 will have a serious ramification for the energy and steel sectors hitting their bottom lines and fines imposed alone could amount up to Rs 7,300 crore. 38 more words
Power companies are in for tough times, with the Supreme Court (SC) terming all coal block allocations since 1993 illegal. The apex court has also ruled that coal mines allocated to ultra mega power projects (UMPPs) may not use the surplus coal for commercial exploitation.