Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea's modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones and, by some estimates, the biggest energy consumer among hundreds of global companies that have joined the RE100 campaign to get 100 per cent of electricity from renewable sources like wind or solar power. In announcing its target on Thursday the company said it aims to achieve net zero carbon emissions across its mobile device, display panel and consumer electronics divisions by 2030, and across all global operations including semiconductors by 2050. It plans to invest 7 trillion won (USD 5 billion) through 2030 on projects aimed at reducing emissions from process gases, controlling and recycling electronic waste, conserving water and minimizing pollutants.
The country had made 3.2 GW of solar capacity installations during 2020, Mercom India Research said in its latest report
This year helped lay the groundwork for a global shift toward sustainable development and a more equitable society in 2022
Responding to a question on energy co-operation between India and the US, Price said the strategic energy partnership is strong and will continue growing even as admin prioritises climate change issue
He said India wanted to encourage domestic gas production and as part of natural gas marketing reforms, market price discovery was allowed
Book review of THE NEW MAP: Energy, Climate, and the Clash of Nations
Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry
In fact, as part of the broader plan, NTPC is backing down thermal power in places where it is easier to make room for renewable power
India Inc. sees a strong business case in adopting renewable energy to power operations
The total clean energy procurement by corporates so far in 2018 has reached 3.3 gigawatts. Most of this is in the US, and is for wind
The reason for the fear is that in 2016, India's clean-energy sector employed 385,000 workers but mostly on contract
The solar parks will be mostly under the Ministry of New and Renewable Energys Solar Park Scheme.