Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study
2 years, 5 months ago

Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study

The Hindu  

The global transition away from fossil fuels to renewable energy sources could trigger financial challenges for India and major developing countries such as Russia, Brazil and China because of their high dependence on revenues from fossil fuel, according to a study by the International Institute of Sustainable Development. The study finds that by 2050, overall fossil fuel revenues in Brazil, Russia, Indonesia, India and China could be as much as $570 billion lower than a business-as-usual scenario where governments fail to phase down fossil fuels enough to avoid the worst climate impacts. Public revenues from fossil fuel production and consumption currently account for 34% of general government revenue in Russia, 18% in India, and 16% in Indonesia. This includes only direct, first-order, government financial revenues — fossil fuel dependence would be much larger if private incomes and flow-on effects in these economies were added.

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History of this topic

The issue of India’s economic growth versus emissions
2 weeks, 1 day ago

The issue of India’s economic growth versus emissions

The Hindu  

The Indian economy has consistently showcased its robust growth over the past few decades. The claim The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than …

Mint Quick Edit | Windfall tax is gone but other fuel taxes need reform
2 weeks, 6 days ago

Mint Quick Edit | Windfall tax is gone but other fuel taxes need reform

Live Mint  

On Monday, India’s finance ministry did away with windfall tax on crude-oil products, petrol and diesel, ending a distortive imposition that had been put in place around mid-2022, soon after the Russia-Ukraine war sent oil prices soaring. This will relieve oil companies whose profit margins took a hit thanks to the Centre taking away a slice of their one-off profits …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
1 month, 2 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

Earth Overshoot Day to focus on sustainable life
4 months, 3 weeks ago

Earth Overshoot Day to focus on sustainable life

Deccan Chronicle  

India, with over 1.4 billion people, faces significant challenges due to population growth and increased consumption. The Global Footprint Network reports that India’s ecological footprint has grown exponentially. “Currently, India needs 2.6 times its resources to sustain its population, leading to depleted forests, reduced biodiversity, and climate change. A NITI Aayog report warns that by 2030, India’s water demand could …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
5 months ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

Coal to have significant place in India’s diversified energy basket: Eco Survey
5 months ago

Coal to have significant place in India’s diversified energy basket: Eco Survey

Hindustan Times  

India will target a diversified set of sources for energy security with a significant place for thermal power, including coal to provide base load, to minimise risks associated with systems while pursuing low-emission pathways in line with national commitments, said the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. “This will also include a significant …

India's coal dependence for power to be highest in nine years as heatwaves intensify
6 months ago

India's coal dependence for power to be highest in nine years as heatwaves intensify

Hindustan Times  

India will use more coal for generating electricity this year than it has in almost a decade, to cope with surging electricity demand, Bloomberg reported. Representational The country expects to add 15.4 gigawatts in the financial year 2024-25, the most in nine years, people familiar with the matter told Bloomberg. Coal still generates about three-quarters of India’s electricity, and the …

Equity concerns in banning fossil fuel extraction
10 months, 2 weeks ago

Equity concerns in banning fossil fuel extraction

The Hindu  

The inadequate response from governments and corporations in dealing with the issue of climate change is leading to not only a dramatic rise in climate change litigation in many parts of the world but is also resulting in growing momentum that is in favour of phasing out of fossil fuel subsidies and the banning of the extraction of fossil fuel …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
10 months, 2 weeks ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country’s climate goal of transitioning to clean energy. It takes up to two years for solar projects to come online after …

Near-term agenda needed to phase out dirty fossil fuels
10 months, 2 weeks ago

Near-term agenda needed to phase out dirty fossil fuels

New Indian Express  

The second edition of the India Energy Week, which kicked off on Tuesday, is bringing together 17 energy ministers from oil producing countries as well as OPEC functionaries and executives from oil and gas companies. Sustainable energy received a major boost when, after much haggling, the UN summit adopted a resolution to ‘transition away from fossil fuels’ for the first …

India's power consumption grows nearly 9% to 1,099.90 billion units in April-November
1 year ago

India's power consumption grows nearly 9% to 1,099.90 billion units in April-November

The Hindu  

Power consumption has increased by nearly nine per cent to 1,099.90 billion units in the country during April-November this fiscal compared to the same period a year ago, showing a surge in economic activities. Industry experts said that around nine per cent growth in power consumption in the first eight months of this fiscal year shows buoyancy in the economy. …

Good, bad and ugly: Which States use clean fuel for power production and which do not | Data
1 year ago

Good, bad and ugly: Which States use clean fuel for power production and which do not | Data

The Hindu  

As the world wrangles over its next steps in fighting climate change, each country has its own concerns and interests they hope to advance at this year’s U.N. climate summit starting on Thursday in Dubai. Chart 1 | The chart shows the share of clean and fossil fuel sources in power generation in BRICS countries between 2000 and 2022. Click …

India’s Energy Endgame in an Era of Peak Fossil Fuels
1 year, 1 month ago

India’s Energy Endgame in an Era of Peak Fossil Fuels

The Quint  

Here, we would need to be time-wise granular, differentiating between short to medium and long terms, In the first phase, the global consumption of fossil energy sources may keep growing, albeit, at a slowing velocity and geopolitical risks may disrupt. In a decade, hopefully, these trends will settle down and fossil energy consumption may peak and start declining concomitantly bringing …

India’s final energy demand expected to double by 2070: FICCI-Deloitte report
1 year, 2 months ago

India’s final energy demand expected to double by 2070: FICCI-Deloitte report

Live Mint  

New Delhi: India’s final energy demand is expected to double to about 1,200 Mtoe by 2070 in a net-zero scenario with aggressive energy efficiency measures in place, according to a report. The report titled ‘India’s energy-transition pathway: A net-zero perspective by FICCI and Deloitte India’, has projected that the country requires a massive $15 trillion in investments to achieve its …

India succeeds in reducing emissions rate by 33% over 14 years: sources
1 year, 4 months ago

India succeeds in reducing emissions rate by 33% over 14 years: sources

The Hindu  

India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. India's rate of emissions intensity - the total amount of greenhouse gas emissions emitted for every unit increase of gross domestic product - fell …

India succeeds in reducing greenhouse emissions rate by 33% over 14 years: Report
1 year, 4 months ago

India succeeds in reducing greenhouse emissions rate by 33% over 14 years: Report

Hindustan Times  

India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. The report's findings showed India well on the way to meeting a commitment to the United Nations Convention on Climate Change, to reduce emissions …

India can reduce pollution by 40% by not using fossil fuels: Gadkari
1 year, 6 months ago

India can reduce pollution by 40% by not using fossil fuels: Gadkari

The Hindu  

India can reduce its pollution by over 40% by not using fossil fuels like petrol and diesel, while the country imports crude oil worth ₹16 lakh crore every year, Union Minister Nitin Gadkari said. "We can reduce 40% pollution by not using fossil fuels like petrol and diesel," Gadkari said addressing Green Urja Conclave organised by the Confederation of Renewable …

Business Matters | Why is the rising cost of coal-fired power plants good news for India?
1 year, 7 months ago

Business Matters | Why is the rising cost of coal-fired power plants good news for India?

The Hindu  

Why is the rising cost of coal-fired power plants good news for India? It said that achieving net zero – which India aims to reach by 2070 – will require adjustments to how people live, work, and move around—and some of these changes will be costly. First, India expects to increase investments in coal-fired power plants to help power economic …

India expects fuel demand to grow 4.7% in the next fiscal year
1 year, 10 months ago

India expects fuel demand to grow 4.7% in the next fiscal year

The Hindu  

India's fuel demand is likely to grow 4.7% in the next fiscal year beginning on April 1, initial government estimates showed. Fuel consumption in 2023-24, a proxy for oil demand, could rise to 233.8 million tonnes from the revised estimate of 222.9 million tonnes for the current fiscal year ending in March, according to government forecasts. Domestic demand for petrol, …

Science-Wise: Reducing Emissions Through Coal Not Oil, Gas Phase-Out Plays Down Onus on Rich Nations
1 year, 10 months ago

Science-Wise: Reducing Emissions Through Coal Not Oil, Gas Phase-Out Plays Down Onus on Rich Nations

News 18  

Phase-out of coal-fired power is important, not just for climate, but for the health of millions of people who suffer from its far-reaching consequences. According to the research published in the peer-reviewed science journal Nature Climate Change, the IPCC 1.5℃ pathways have played down the responsibility of rich nations in reducing CO2 emissions, by laying more emphasis on coal, than …

India’s just energy transition is more than a coal story
1 year, 10 months ago

India’s just energy transition is more than a coal story

The Hindu  

Just Energy Transition Partnership is emerging as the key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. Transitions affect near-term fossil-dependent jobs, disrupt forms of future energy access, shrink state’s capacity to spend on welfare programmes, and thus exacerbate existing economic inequities between coal and other regions. The emphasis by developed countries’ on …

Global finance critical to India's climate actions, says chief economic adviser
1 year, 10 months ago

Global finance critical to India's climate actions, says chief economic adviser

Hindustan Times  

India will stick to its global commitments on containing the climate crisis, seen most notably in its ambitious targets on clean energy transition to reduce its dependence on burning fossil fuels, according to Economic Survey 2022-23 tabled in Parliament on Tuesday. “Hence, India currently spearheads one of the most robust climate actions through its Nationally Determined Contributions, which includes an …

Economic Survey 2022-23 | India needs global finance to achieve climate goals
1 year, 10 months ago

Economic Survey 2022-23 | India needs global finance to achieve climate goals

The Hindu  

For India to meet its international “obligations” on curtailing greenhouse gas emissions, it must have access to “on-time” climate finance, technology, and access to critical minerals. Advanced economies ought to set examples of policy and “behavioural changes” that work in their countries and only then could they be emulated in developing countries, the Economic Survey said on Tuesday in a …

India’s power units binge on coal, outpace Asia
2 years, 1 month ago

India’s power units binge on coal, outpace Asia

The Hindu  

India's coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia's invasion of Ukraine, underscoring the challenges the world's third-largest greenhouse gas emitter faces in weaning its economy off of carbon. India's coal-fired power output increased more than 10% year-on-year from March to October to 757.82 terawatt hours, an analysis of government data …

India saved $4.2 billion in fuel costs through solar power: Report
2 years, 1 month ago

India saved $4.2 billion in fuel costs through solar power: Report

Live Mint  

An amount of USD 4.2 billion has been saved by India in fuel costs through solar power generation in the first half of 2022, and 19.4 million tonnes of coal which would have further stressed an already strained domestic supply, news agency PTI quoted a report released on Thursday. Seven key Asian countries, including China, India, Japan, South Korea, Vietnam, …

India’s energy future is looking green, report says
2 years, 2 months ago

India’s energy future is looking green, report says

Associated Press  

BENGALURU, India — India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday. The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in …

India to account for 25% of global energy demand growth over next 2 decades
2 years, 2 months ago

India to account for 25% of global energy demand growth over next 2 decades

Live Mint  

NEW DELHI: India will likely account for 25% of global energy demand growth over the next two decades, said Union minister of Petroleum and Natural Gas, Hardeep S Puri on Wednesday. Addressing a round-table on ‘Opportunities in the India-US Strategic Partnership’ in Texas, US, the minister said that India’s energy strategy is mindful of commitments to global commons, to green …

Mid-course changes in gas pricing to delay investments: Reliance
2 years, 2 months ago

Mid-course changes in gas pricing to delay investments: Reliance

The Hindu  

Billionaire Mukesh Ambani-led Reliance Industries has told a government-appointed panel reviewing gas pricing that any 'retrograde' move to artificially cap rates will add to fiscal policy instability, delays investment and dent India's attempt to become Atmanirbhar in fuel production. The sources said Reliance told the panel that doubling India's production from current levels to cut rising imports and meet the …

India's oil demand to rise 7.7% in 2022: OPEC
2 years, 4 months ago

India's oil demand to rise 7.7% in 2022: OPEC

The Hindu  

India's demand for petroleum products such as petrol and diesel will grow by 7.73% in 2022, the fastest pace in the world, an OPEC report said. India's demand for oil products is projected to rise from 4.77 million barrels per day in 2021 to 5.14 million bpd in 2022, OPEC said in its monthly oil report. India's crude imports edged …

Sticking to commitments: The Hindu Editorial on India’s climate change goals
2 years, 4 months ago

Sticking to commitments: The Hindu Editorial on India’s climate change goals

The Hindu  

Ahead of the 27th Conference of the Parties of the UNFCCC, in Sharm El-Sheikh, Egypt, in November, the Union Cabinet has approved India’s Nationally Determined Contributions, a formal statement detailing its action plan to address climate change. India’s first NDC, in 2015, specified eight targets, the most salient of them being reducing the emissions intensity of GDP by 33%-35% by …

India’s Energy-Environment Catch-22
2 years, 4 months ago

India’s Energy-Environment Catch-22

The Diplomat  

Rani, a domestic worker in New Delhi, travels 10-15 kilometers every day from her cramped urban slum in Goyla Dairy, Najafgarh, to high rise buildings in Dwarka. While India plans to reach carbon neutral status by 2070, extreme weather events like the recent heatwaves keep pushing India’s energy sector to depend on traditional coal in the absence of enough renewable …

Universal access to energy is vital
2 years, 5 months ago

Universal access to energy is vital

Hindustan Times  

The centrepiece of Prime Minister Narendra Modi’s pitch to the world’s richest nations at the G-7 summit in Germany was equity in energy access. Mr Modi said that access to energy shouldn’t be the privilege of only the rich at a time when geopolitical tensions are propelling energy costs and pointed out that while providing energy access to its citizens, …

India’s changing goal posts over coal
2 years, 6 months ago

India’s changing goal posts over coal

The Hindu  

The story so far: In April, Finance Minister Nirmala Sitharaman said India’s transition away from coal as a fuel for power would be hampered by the Russia-Ukraine war. As the World Coal Association CEO Melissa Manook put it while on her India visit recently, “Coal will still be a significant contributor in the energy sector even in 2040!” How has …

Data Point | Explaining India’s recent fuel tax cuts
2 years, 6 months ago

Data Point | Explaining India’s recent fuel tax cuts

The Hindu  

It’s a relief that the Union government has cut the fuel tax. A look at the developments that preceded the recent excise duty cuts: After weeks of incremental increases in fuel prices, Union Finance Minister Nirmala Sitharaman announced that the Union government is slashing fuel taxes. Her point was that the cut of Rs 8 per litre came from the …

A squeeze on climate goals
2 years, 6 months ago

A squeeze on climate goals

Hindustan Times  

At the United Nations climate summit in Glasgow in November 2021, member countries reaffirmed the Paris Agreement’s goal of limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. This, says an International Energy Agency report, could impact the profitability of the renewable energy industry and …

‘Fossil fuels are a dead end’: UN chief emphasises renewable energy projects
2 years, 7 months ago

‘Fossil fuels are a dead end’: UN chief emphasises renewable energy projects

Hindustan Times  

NEW DELHI: Guterres’s statement came even as the World Meteorological Organisation – the UN agency which covers weather, climate and water resources – launched its State of the Climate report. United Nations general secretary Antonio Guterres, noting the global energy crises which prompted large economies to open new oil and gas fields, has proposed five critical actions to jump-start the …

The big picture on fuel taxation
2 years, 7 months ago

The big picture on fuel taxation

Hindustan Times  

Prime minister Narendra Modi’s remarks on April 27, where he named some non-Bharatiya Janata Party ruled states and asked them to bring down taxes on petrol-diesel have expectedly created a political controversy. Data from the ministry of petroleum shows that most BJP ruled states seem to have a lower tax on petrol and diesel than the states Mr Modi named …

India's oil import bill doubles to $119 billion in FY22
2 years, 7 months ago

India's oil import bill doubles to $119 billion in FY22

The Hindu  

India's crude oil import bill nearly doubled to $119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine. According to PPAC, India imported 212.2 million tonnes of crude oil in 2021-22, up from 196.5 million tonnes in the previous year. India had spent $62.2 billion …

Explained | How quickly can India move away from coal?
2 years, 7 months ago

Explained | How quickly can India move away from coal?

The Hindu  

The story so far: On Friday, Tamil Nadu Chief Minister M.K. Decline in coal stocks and the resulting power outages in several States have spurred queries of renewable energy’s potential to fill in for the conventional resource. The India Energy Outlook 2021 report of the International Energy Agency said energy use in India has doubled since 2000, with 80% of …

India’s move away from coal hampered by Ukraine war: Nirmala Sitharaman
2 years, 8 months ago

India’s move away from coal hampered by Ukraine war: Nirmala Sitharaman

The Hindu  

India’s transition away from coal as a fuel would be hampered by the Russia-Ukraine war, according to Finance Minister Nirmala Sitharaman. However, the price of crude has gone up due to the situation in Europe, as has the price of natural gas — a “transition fuel” for India — in addition to it being in short supply, said Ms. Sitharaman, …

India's legitimate energy transactions should not be politicised, say govt sources on Russian imports
2 years, 9 months ago

India's legitimate energy transactions should not be politicised, say govt sources on Russian imports

India Today  

India’s legitimate energy transactions should not be politicised and countries with oil self-sufficiency or those importing themselves from Russia cannot credibly advocate restrictive trading, sources in the government have said. RUSSIAN OIL MEETS LESS THAN 1% OF INDIA’S NEEDS However, crude oil imports from Russia account for less than one per cent of India’s requirement and does not figure among …

To reduce oil import, focus on renewables
2 years, 9 months ago

To reduce oil import, focus on renewables

Hindustan Times  

The United States has banned Russian oil imports, the United Kingdom has said it will phase them out by the end of the year, and the European Union has said it will work to reduce its dependence on Russian oil and gas over the next few years. India imports very little of its oil from Russia; but it is dependent …

Global stagflation risk: The Hindu Editorial on why India needs to cut fuel taxes
2 years, 9 months ago

Global stagflation risk: The Hindu Editorial on why India needs to cut fuel taxes

The Hindu  

As Russia’s invasion of Ukraine is set to enter the third week, the economic costs of the conflict in Eastern Europe threatens to stall the shaky global recovery from the COVID-19 pandemic. While the expansive financial sanctions imposed on Russia by the U.S. and its western allies have sent the value of the rouble plunging by more than 60% against …

How India fares on climate action, in charts
2 years, 9 months ago

How India fares on climate action, in charts

Live Mint  

Last month, the Intergovernmental Panel on Climate Change released the second part of its Sixth Assessment Report. Large differences exist among Indian states in their climate change mitigation and adaptation, multiple data points show. SDG 13 on climate action includes metrics such as installed renewable energy capacity, CO2 reduction due to LED bulbs, disaster preparedness, human lives lost due to …

Explained | Why is India’s coal usage under scrutiny?
3 years, 1 month ago

Explained | Why is India’s coal usage under scrutiny?

The Hindu  

The story so far: On the final day of the UN Climate Change Conference held in Glasgow, India’s Minister for Environment Bhupender Yadav read out a statement promising to “phase down” rather than “phase out” the use of coal. One key way to achieve carbon neutrality, wherein countries compensate for their carbon emissions by capturing an equal amount of carbon …

For India to Become Coal-free, Start with More Foreign Capital Flow to Green Sectors
3 years, 1 month ago

For India to Become Coal-free, Start with More Foreign Capital Flow to Green Sectors

News 18  

Progress, as the world has designed and defined it, requires material production which, in turn, requires energy. Those cities, the researchers wrote, “located 49 km from the nearest coalfield grew 21.1 percent faster after 1750 than cities located 85 km further away.” It is no wonder then, that in March this year, International Energy Agency chief Fatih Birol said it …

Does India have a right to burn fossil fuels?
3 years, 1 month ago

Does India have a right to burn fossil fuels?

The Hindu  

There has been quite a lot of debate on India’s dependence on coal against the backdrop of the Conference of the Parties meeting. However, since India has neither historically emitted nor currently emits carbon anywhere close to what the global North has, or does, in per capita terms, it has no reason to commit to declining dependence on coal, at …

Fuel price cut in consonance with national mood
3 years, 1 month ago

Fuel price cut in consonance with national mood

New Indian Express  

Strange, but fuel prices have the duality of bringing fortune and misfortune. Interestingly, despite the surging pump prices, an IMF official recently recommended maintaining existing fuel taxes in India, as a reduction disproportionately benefits higher-income households, making it ‘highly regressive’. Truth is, the chasm between headline and household inflation is wide and the Centre’s pick to go with the latter …

India's energy crisis: Coal shortage an opportunity to fully explore renewable, nuclear options
3 years, 2 months ago

India's energy crisis: Coal shortage an opportunity to fully explore renewable, nuclear options

Firstpost  

The current crisis should be seen as a window of opportunity to not go back to producing more coal but to begin the transition to explore green and renewable energy With a coal shortage at thermal power projects persisting and India continuing to grapple with an energy crisis, the need of the hour is for the Centre to shift focus …

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