Saudi Arabia, the world's top oil exporter, may finally be getting serious about overcoming the technical and financial hurdles for tapping its other main resource: sunshine.

Thousands of solar power panels have sprung up across Europe over the past few years, thanks to generous subsidies that make the technology an attractive alternative to conventional energy.

Saudi Arabia too, wants to generate much more solar power as it lacks coal or enough natural gas output to meet rapidly rising power demand.

Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said.

If agreed, a more ambitious target could help to spur the European Union's carbon market, which has sunk to record lows.

Previous debate of bigger carbon cuts, however, has been difficult, with coal-reliant Poland objecting that they could damage its economy.

MUMBAI: For 480-odd farmers of Virur village in Chandrapur district, it was a pleasant surprise and a big relief when Coal India Ltd hiked the compensation for land acquisition from Rs 44,000 to Rs 10 lakh per acre and also offered job to a family member. The company will now shell out around Rs 125 crore to these farmers for acquiring 1,497 hectare for exploration of coal blocks.

NTPC Ltd, India’s biggest power producer, said it plans to spend as much as $15 billion (Rs 82, 521 crore) over a decade to secure overseas coal supplies as prices of the fuel tumble to a 19-month-low.

The utility may sign five- or 10-year contracts for the first time to import as much as 150 million metric tonnes of coal, Chairman Arup Roy Choudhury said by telephone from New Delhi on Tuesday.

Files fresh notification under the Cyprus treaty unperturbed by fall in CIL stock’s dollar value

UK-based hedge fund The Children’s Investment Fund (TCI) has dropped the charges against the environment and forests ministry from its legal proceedings under the India-Cyprus investment treaty. In March, it had initiated legal proceedings against the government of India under the treaty, after the coal ministry did not respond to its concerns over coal pricing and management of state-run Coal India Ltd (CIL). While the government owns 90 per cent in CIL, TCI holds a little over one per cent.

Major energy savings in the steel re-rolling sector and in the small tea processing enterprise, initiated by the UNDP, has seen a substantive increase in energy efficiency in these industries.

UNDP, India, country director Caitlin Wiesen, told this newspaper, “Intervention in the steel re-rolling industry has seen efficiency levels go up between 30-40 per cent.”

Environmental scientists have known that high levels of the toxic element, mercury, have been accumulating in the Arctic Ocean for some time. It was believed to be mostly caused by atmospheric sources stemming from the combustion of coal. However, a new study from the Harvard School of Engineering and Applied Sciences and the Harvard School of Public Health has found that the great majority of Arctic mercury arrives via circumpolar rivers. Some of the largest rivers in the world flow north into the Arctic in Eurasia and North America.

Power companies have refused to ink fuel supply pacts with the miner due to insertion of new clauses

The Coal Ministry has asked Coal India to examine issues, including changes in penalty clause, raised by the power producers regarding the model fuel supply agreement. The move comes against the backdrop of NTPC and many power companies refusing to ink fuel supply pacts with Coal India Ltd (CIL), disagreeing with introduction of new clauses.