You are here: Home » News-IANS » Business-Economy
Business Standard

India opting for renewables to cut fossil emissions: Study

IANS  |  New Delhi 

is making significant strides towards meeting climate commitments and is on course to surpass its Nationally Determined Contribution (NDC) targets before 2030, said an independent study by the Council on Energy, and Water (CEEW).

Non-fossil fuel energy sources, largely due to the rapid growth of solar energy, will garner a share of at least 48 per cent in India's generation capacity by 2030, according to the study, 'Sustainable development, uncertainties, and India's climate policy: Pathways towards Nationally Determined Contribution and mid-century strategy', released on Monday.

However, will need to bear the cost of integration which will increase as the share of solar and wind increases.

Also, the of GDP will decline by at least 48 per cent between 2005 and 2030, on the back of significant developments in of end-use sectors such as residential, and industrial sectors.

But, if the efficiency improvement in these sectors occurs at a lower rate, in the economy increases at a faster rate, and share of in meeting industrial remains stagnant, then the emissions intensity of GDP will be higher by 11 per cent in 2030.

India's economy and power generation sector has changed significantly since 2015.

The change has been mainly driven by a rapid ramp-up of deployment, substantial decline in the costs of solar and wind-based electricity, and multiple developments in the end use-sectors.

CEEW's study identifies the cost of integrating into the grid as a key element of India's to a low-carbon economy.

The cost of integrating consists of grid infrastructure costs, grid balancing costs, and utilisation effect caused due to reduced utilisation of thermal power plants.

--IANS

vg/and/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 01 2018. 13:02 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU