Page 3 - Clean Energy Development

FM asks AIIB to scale up investments in clean energy, infrastructure

India on Wednesday asked Beijing-based multilateral lending agency AIIB to scale up investments in priority areas like clean energy and infrastructure sector with a special focus on education and health. Addressing the annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Finance Minister Nirmala Sitharaman said India has embarked on the path of a self-reliant economy and therefore has been successful in mitigating the negative effects of the pandemic. As regards AIIB, she said, it needs to scale-up investments in key priority areas, including clean energy and energy efficiency, disaster resilient infrastructure, social infrastructure with a special focus on education and health, and digital infrastructure in order to ensure a meaningful impact is achieved and resources are not scattered in multiple areas. As public resources alone are insufficient to meet the vast infrastructure needs of the members, she advised that the bank should not only .

India working to transform its energy landscape: Minister Jitendra Singh

India is working to transform its energy landscape with a significant clean energy share, Science and Technology Minister Jitendra Singh has told the international community while asserting the country will achieve net zero emissions by 2070. By 2030, India has agreed to reach 500GW non-fossil energy capacity, shift 50 per cent of energy its requirements to renewable sources, lower overall anticipated carbon emissions by one billion tonnes and reduce carbon intensity of the economy by 45 per cent over the 2005 levels. "India is continually working towards transforming the energy landscape of the country with significant clean energy share," Singh said at the Global Clean Energy Acceleration Forum, the joint convening of the 7th Mission Innovation and 13th Clean Energy Ministerial, here. Highlighting the need to strengthen long-term private sector engagement, he said the transition to bioeconomy is based on projects under development and deployment with high investment and high-risk

PM Modi tells states to focus on green growth, net-zero target till 2070

Prime Minister Narendra Modi on Friday said that the focus of the country is on green growth and green jobs

Nations must regulate, invest in clean energy to bring down costs: Report

Governments must deliberately use public investment and regulation to rapidly scale-up clean energy technologies to bring down costs, achieve global climate goals and boost economies worldwide

Auto industry's innovation for green alternatives need of the hour: PM Modi

Prime Minister Narendra Modi on Thursday stressed on the need for automobile industry's innovation for green alternatives to ensure protection and conservation of environment as well as help in making India self-reliant. In a written address to the annual session of the Society of Indian Automobile Manufacturers (SIAM), Modi said, "Amrit Kaal is an opportunity to achieve self-sufficiency in every sector and the automobile sector is no exception." The automobile sector has contributed to all-round development and growth of the economy through new avenues for employment generation, the Prime Minister said in his message read out by SIAM President Kenichi Ayukawa. "It is a need of the hour that the automobile industry's innovation for greener alternatives attains a new momentum, to ensure the protection and conservation of environment, as well as help in making India self-reliant," Modi said. He also expressed hope that the various stakeholders gathered at the convention that include

Samsung shifting from fossil fuels for 100% clean energy operations by 2050

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.

India adds record 10 gigawatt solar capacity in 2021: Mercom report

The country had made 3.2 GW of solar capacity installations during 2020, Mercom India Research said in its latest report

2022 aims a global shift toward sustainable development, climate action

This year helped lay the groundwork for a global shift toward sustainable development and a more equitable society in 2022

India, US energy partnership supports sustainable development: Official

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

Access to energy must be affordable and reliable, says PM Narendra Modi

He said India wanted to encourage domestic gas production and as part of natural gas marketing reforms, market price discovery was allowed

The future of energy

Book review of THE NEW MAP: Energy, Climate, and the Clash of Nations

Govt's 175-Gw clean energy goal in peril after repeated missed targets

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

Power play: NTPC to buy hydel plants, expand its renewables capacity

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

Here's how a clutch of corporations cut costs by embracing clean fuel

India Inc. sees a strong business case in adopting renewable energy to power operations

'Corporate' market for clean energy grows

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

How to prevent India's rural poor from missing out on a green jobs boom

The reason for the fear is that in 2016, India's clean-energy sector employed 385,000 workers but mostly on contract

India, World Bank ink loan pact worth $98 mn for clean energy projects

The solar parks will be mostly under the Ministry of New and Renewable Energys Solar Park Scheme.