INDIA-ISA Energy Transition Dialogue 2021 – SECI

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INDIA-ISA Energy Transition Dialogue 2021 – SECI

INDIA-ISA Energy Transition Dialogue 2021 – SECI

Recently at the India-International Solar Alliance (ISA) Energy Transition Dialogue 2021, the Union Minister of Energy, New and Renewable Energy underlined the achievements made by India in the energy transition. In which it was said that India is moving at a fast pace to go beyond the commitments of the Paris Climate Change Conference.

The International Solar Alliance is the first treaty-based intergovernmental organization co-founded by India and France. It’s headquarter is located in Gurugram, India.

India’s Achievements:

  • India has achieved a significant milestone in the renewable energy sector through an installed capacity of 100 GW.
  • 5 percent of India’s installed electricity generation capacity is based on clean renewable energy sources.
  • It should be noted that India ranks fourth in terms of installed renewable energy capacity globally and fifth in installed solar power capacity.
  • It is noteworthy that India has already achieved the emission reduction target of 28% by 2030 as against its nationally determined contribution: an emission reduction target of 35% at 2005 levels under the NDC.

Measures taken by India to achieve its stated goal

  • Financing: Viability Gap Funding options for offshore wind power, Green Term Ahead Market and Green Day Ahead Market etc.
  • Electrification- Green Energy Corridor, Smart Grid Mission and Smart Metering Programme.
  • Renewable Energy: National Solar Mission, Production Linked Incentive Scheme, National Biofuel Mission etc.
  • Energy Efficiency: Unnat Jyoti by Affordable LEDs for All (UJALA Yojana) (Unnat jyoti by Affordable LEDs for All: UJALA) and Performance achieve and trade : PAT

India’s Nationally Determined Contribution

  • India will get 40 percent of its installed capacity for electricity from non-fossil fuels by 2030.
  • It will seek to reduce the emissions intensity of its GDP by 20-25% by 2020 and by 33-35% by 2030 compared to 2005 levels.
  • India will create an additional carbon sink of 2.5-3 billion tonnes of CO2 equivalent through additional afforestation and tree cover.

Source – The Hindu

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