Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment
1 year, 10 months ago

Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment

The Hindu  

Finance Minister Nirmala Sitharaman’s latest Budget is noteworthy for the emphasis she has laid on the government’s commitment to move towards net-zero carbon emission by 2070. As an article presented at the World Economic Forum’s Annual Meeting in Davos last month notes, India holds the key to hitting global climate change targets given its sizeable and growing energy needs. Energy storage systems are crucial in power grid stabilisation and essential as India increases its reliance on alternative sources of power generation including solar and wind. With wind turbine farms and solar photovoltaic projects characteristically producers of variable electric supply, battery storage systems become enablers of ensuring the electricity these generators produce at their peak output is stored and then supplied to match the demand arriving at the grid from household or industrial consumers. Ms. Sitharaman also set aside a vital ₹8,300 crore towards a ₹20,700 crore project for building an inter-State transmission system for the evacuation and grid integration of 13 GW of renewable energy from Ladakh.

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History of this topic

India’s green ambitions: A key milestone crossed and yet miles to go
Trending News
2 hours, 39 minutes ago

India’s green ambitions: A key milestone crossed and yet miles to go

Live Mint  

New Delhi: In October, India reached an important milestone in its green energy ambitions: an installed renewable energy capacity of 203.18 GW. Green IPOs and nuclear energy India’s green energy sector is leading a shift in the economy, said Manoj Bansal, partner at Grant Thornton Bharat, adding that emerging areas like green hydrogen, energy storage, and carbon capture are attracting …

India's climate challenge and the rise of a new green economy
2 hours, 39 minutes ago

India's climate challenge and the rise of a new green economy

Live Mint  

As the threats posed by climate change escalate, countries are having to navigate the challenge of balancing economic growth with environmental sustainability. While the challenges posed by climate change are daunting, they also present unique opportunities for India to lead the global transition to a green economy. By focusing on renewable energy, sustainable agriculture, urban resilience, and the integration of …

The global warming fight has a challenge for India
1 day, 7 hours ago

The global warming fight has a challenge for India

The Hindu  

The outcome of the climate conference in Azerbaijan has been disappointing. Developed countries have accepted 2050, China 2060, and India 2070 as the deadline for energy transition to net zero emissions by 2070. We need to rapidly ramp up electricity generation to establish our claim to an energy level that is sufficient to sustain future growth before we are constrained …

IIM Lucknow study reveals $1.7 trillion investment needed for net-zero goals
2 weeks, 4 days ago

IIM Lucknow study reveals $1.7 trillion investment needed for net-zero goals

India Today  

Researchers from the Indian Institute of Management, IIM Lucknow and Ahmedabad University have conducted a study outlining the necessary steps for India's industrial sector to achieve net-zero emissions by 2070. The study has been published in the prestigious journal Applied Energy and emphasises the need for transformative changes in the industrial domain of India to align with the nation's net-zero …

India to set up a carbon trading, green bond regulator
3 weeks, 1 day ago

India to set up a carbon trading, green bond regulator

Live Mint  

The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India to regulate carbon trading, two people said. Empowering government The amended Energy Conservation Act, 2022 empowers the Indian government to set up a domestic carbon market and to authorize designated agencies to issue carbon credit certificates. The Indian Carbon Market …

India's path to a greener future
4 weeks ago

India's path to a greener future

Hindustan Times  

India, as one of the fastest-growing economies in the world, has been at the forefront of the global debate on climate change and sustainability. Under this scheme, businesses will be mandated to limit their emissions or purchase carbon credits from more efficient firms, driving significant sectors like power generation, cement, and steel--responsible for a substantial share of India’s emissions--to participate …

Climate finance is central for enabling and implementing climate actions, says India at COP29
1 month ago

Climate finance is central for enabling and implementing climate actions, says India at COP29

Live Mint  

New Delhi: Highlighting four essential aspects of global climate action, Leena Nandan, secretary of the ministry of environment, forest and climate change at COP29 on Monday, said the pre-2030 period is an opportunity to enhance global climate action through climate finance to reduce emissions and meet net zero. It is an opportunity to enhance global climate action,” Nandan said in …

NITI Aayog’s Green Transition symposium: New platform to help states create own roadmap to be announced
1 month, 2 weeks ago

NITI Aayog’s Green Transition symposium: New platform to help states create own roadmap to be announced

Hindustan Times  

Amid Uttar Pradesh government’s efforts to give push to renewable energy in the state, the NITI Aayog is set to launch a platform to help states create and execute their own ‘Green Transition Roadmap’ at a symposium in Delhi on November 11. It The symposium, according to the agenda shared by the NITI Aayog, will include remarks from prominent officials, …

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 …

World Bank Supports India's Net Zero Goal with $3Bn
1 month, 2 weeks ago

World Bank Supports India's Net Zero Goal with $3Bn

Deccan Chronicle  

Chennai: The World Bank is supporting India’s transition towards net zero emissions with development policy operations worth $3 billion. The World Bank is supporting this transition with two development policy operations worth $3 billion. The World Bank’s Hydrogen for Development Partnership, founded and supported by the Energy Sector Management Assistance Program, facilitated $1.5 billion in concessional financing in fiscal 2024—the …

India Needs a Green New Deal: A Holistic Approach to Sustainable Development
2 months ago

India Needs a Green New Deal: A Holistic Approach to Sustainable Development

Hindustan Times  

India needs an own Green New Deal to address the climate crisis and other pressing issues. The Green New Deal should focus on sustainable development, prioritize equity, and involve all stakeholders in the decision-making process. It should also address unique Indian characteristics and priorities, such as the need for a decentralized approach and a focus on value creation over cost-cutting.

Mint Sustainability Summit to deliberate on climate change and the green imperative
3 months, 3 weeks ago

Mint Sustainability Summit to deliberate on climate change and the green imperative

Live Mint  

Union minister Pralhad Joshi will deliver the keynote address at the Mint Sustainability Summit 2024 on Tuesday, amidst a full day of intense deliberations, debates and conversations around one of the most pressing themes of the day—climate change and the green imperative. Giving them company will be a galaxy of experts from PSUs and the private sector, who will deliberate …

Country's green and low-carbon development contribution to world
4 months, 1 week ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

Country's green and low-carbon development contribution to world
4 months, 1 week ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

China launches ambitious green transition guidelines
4 months, 1 week ago

China launches ambitious green transition guidelines

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China's central government has unveiled a new state-level guideline aimed at achieving a comprehensive green transition across the nation's economy and society over the next decade. Among the specific goals are increasing the scale of the energy-saving industry to approximately 15 …

China launches ambitious green transition guidelines
4 months, 1 week ago

China launches ambitious green transition guidelines

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China's central government has unveiled a new state-level guideline aimed at achieving a comprehensive green transition across the nation's economy and society over the next decade. Among the specific goals are increasing the scale of the energy-saving industry to approximately 15 …

For industrial growth, green trade will matter
4 months, 3 weeks ago

For industrial growth, green trade will matter

Hindustan Times  

Finance minister Nirmala Sitharaman identified manufacturing and services, and energy security among her budget priorities. To capitalise on these priorities, India must heed developments in international trade and its growing — but increasingly complex — links with energy security, the climate crisis, and environmental regulation. India must prepare strategic responses for four kinds of trade barriers that will impact its …

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 …

Budget 2024: Placing thrust on infrastructure
5 months ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: A blueprint for sustainable growth and employment
5 months ago

Budget 2024: A blueprint for sustainable growth and employment

The Hindu  

I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. The support for the manufacturing sector, a package for employment generation, and the skilling and upskilling for 4.1 crore youth across sectors, are some of the key highlights of this budget. This, coupled with …

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy
5 months ago

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

Firstpost  

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity Union Finance Minister Nirmala Sitharaman made announcements related to nuclear energy production and private sector's role in it in the Budget 2024 As the fastest-growing major economy that Prime Minister Narendra Modi has set 2047 …

Budget 2024: India to boost nuclear energy, develop Bharat Small Reactors
5 months ago

Budget 2024: India to boost nuclear energy, develop Bharat Small Reactors

India Today  

In a significant move towards diversifying India's energy mix, Finance Minister Nirmala Sitharaman announced major initiatives for nuclear energy development in the Union Budget 2024. Read Full Budget 2024 Coverage In line with India's commitment to sustainable development, the Finance Minister announced plans to formulate regulations for transitioning from energy efficiency targets to emission targets. By embracing nuclear energy, enhancing …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

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 …

Time for India’s budget to devote enough space for climate action
5 months ago

Time for India’s budget to devote enough space for climate action

Hindustan Times  

How do you cost for climate change? Last year, the apex bank’s report on Currency and Finance outlined climate change’s impact on the country. That is why the Union Budget this year is an extraordinary opportunity to shape India’s climate action. What’s encouraging though is that, through previous Budget announcements, the government has consistently shown interest in acting on climate …

Productive jobs, skill gap, green transition, China conundrum among focus areas that find mention in the Economic Survey 2023-24
5 months ago

Productive jobs, skill gap, green transition, China conundrum among focus areas that find mention in the Economic Survey 2023-24

Op India  

The Economic Survey for 2023-24 tabled in the Parliament on Monday has identified six key policy focus areas for the government to achieve sustained economic growth. Those six areas where the government would focus are generating productive employment; skill gap, tapping the full potential of the agriculture sector, easing the compliance requirements and financing bottlenecks confronting MSMEs, managing India’s green …

World is shifting – India will need a green vision
6 months, 1 week ago

World is shifting – India will need a green vision

Hindustan Times  

As India’s new government settles down to work, there is a buzz around the agenda for the first 100 days. While growth rates might fluctuate, given the scale of the economy, India’s growth now structurally impacts resource demand, investment flows, and global trade and supply chains. These power markets can also help India integrate with regional economies by leveraging the …

Oil & Gas Companies Spend Only 4-8 pc of Capex on Greening Efforts
8 months, 4 weeks ago

Oil & Gas Companies Spend Only 4-8 pc of Capex on Greening Efforts

Deccan Chronicle  

Chennai: Indian oil and gas companies spent 4 – 8 per cent of their total capex on greening efforts in FY22 and FY23 against 20 -25 per cent spent by global companies. Indian oil and gas companies spent 4-8 per cent of their total capex on greening efforts such as carbon capture utilisation and storage, green hydrogen, battery and storage …

India to Add 4 Million Green Jobs by Next Fiscal
10 months ago

India to Add 4 Million Green Jobs by Next Fiscal

Deccan Chronicle  

Chennai: Green industry in India provides 18.5 million jobs and is expected to add 4 million more by FY25.“ In India, green industry employs 18.5 million individuals, and there is an anticipation that we would be growing and adding around 4 million more jobs by FY25,” said Nidhi Pant, a 2023 winner of the UK’s Earthshot Prize and co-founder of …

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 …

India to see investment of $67 billion in next five to six years in energy sector: PM Modi
10 months, 2 weeks ago

India to see investment of $67 billion in next five to six years in energy sector: PM Modi

The Hindu  

Prime Minister Narendra Modi on Tuesday said India was working on the development of environmentally friendly energy sources to enhance its energy mix. Mr. Modi said as India was poised to be 3rd largest economy in the world, the energy sector would play a crucial role in India’s growth story. On India’s seriousness to facilitate the transition he said, “despite …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
10 months, 3 weeks ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

Green measures announced by Finance Minister in Interim Budget
10 months, 3 weeks ago

Green measures announced by Finance Minister in Interim Budget

The Hindu  

While presenting the interim budget for 2024, Finance Minister Nirmala Sitharaman announced a set of measures to boost the green economy and the blue economy Among other measures pertaining to finance and infrastructure, Finance Minister Nirmala Sitharaman also announced some green initiatives and steps which will be taken for India to meet its net-zero commitments by 2070 in the interim …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Green hydrogen key to India's journey of net-zero carbon emissions: Gautam Adani
11 months, 1 week ago

Green hydrogen key to India's journey of net-zero carbon emissions: Gautam Adani

The Hindu  

Billionaire Gautam Adani on January 16 said green hydrogen holds the key to India's journey to net-zero carbon emissions and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum, the head of Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security …

COP28: India’s urban population is exploding. That could have huge consequences for the planet
1 year ago

COP28: India’s urban population is exploding. That could have huge consequences for the planet

CNN  

New Delhi CNN — Over half a century ago, India’s then Prime Minister Indira Gandhi talked about the staggering challenge for developing nations: to industrialize without harming the environment. Addressing the opening session of the COP28 climate talks in Dubai on Friday, India’s current prime minister, Narendra Modi, said all developing countries must be given “a fair share in the …

India will see solar revolution by 2030, says IEA
1 year, 1 month ago

India will see solar revolution by 2030, says IEA

Firstpost  

India has set a target of achieving 500 GW of installed capacity from non-fossil fuels, including around 270 GW of solar capacity, by 2030 According to the International Energy Agency, solar energy will generate 18% of India’s electricity by 2030, up from its current 6% share. According to the IEA’s latest World Energy Outlook 2023, which was released on Tuesday, …

India to push developed nations to become 'carbon negative' before 2050: Report
1 year, 2 months ago

India to push developed nations to become 'carbon negative' before 2050: Report

The Hindu  

India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies more time to use fossil fuels for development needs, two Indian government sources said. "The rich countries should become net negative emitters before 2050 to enable the world to achieve the target of global net zero by …

India's Net Zero emissions target by 2070 little too long-term: Hardeep Singh Puri
1 year, 2 months ago

India's Net Zero emissions target by 2070 little too long-term: Hardeep Singh Puri

The Hindu  

Union Minister Hardeep Singh Puri on October 9 said achieving the net zero emissions target by 2070 is "little too long-term", indicating that the country may achieve the milestone ahead of the deadline. Under the net zero target, India will completely switch to renewables by 2070. Addressing the 26th Energy Technology Meet, Mr. Puri said: "Our net zero target by …

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 …

Green Hydrogen: Empowering India’s Journey Towards Energy Independence And Net Zero Emissions
1 year, 4 months ago

Green Hydrogen: Empowering India’s Journey Towards Energy Independence And Net Zero Emissions

Live Law  

“Sustainable and inclusive development has become a prevailing global agenda over the past few decades, garnering significant attention and dedication from nations across the world.” World Bank, 2018 Sustainable and inclusive development has been the global goal for the past few decades. With its promising capabilities for revolutionizing various industrial working patterns and mitigating environmental challenges, green hydrogen is poised …

India making great efforts in green growth and energy transition: PM Modi
1 year, 5 months ago

India making great efforts in green growth and energy transition: PM Modi

The Hindu  

Prime Minister Narendra Modi on Saturday, July 22, 2023, said India is making great efforts in green growth and energy transition, and asserted that the country is moving ahead strongly on its climate commitments. Addressing via video link the G20 Energy Ministers' Meeting, which is currently underway in Goa, Mr. Modi also said that India has shown leadership in climate …

Natural assets
1 year, 5 months ago

Natural assets

China Daily  

SONG CHEN/CHINA DAILY China is showing that going green brings prosperity In August 2005, President Xi Jinping, then Party secretary of Zhejiang province, went to the small, beautiful, hillside town of Anji and put forward the famous concept "lucid waters and lush mountains are as invaluable as gold and silver".It means that we need to protect the nature because it …

India Today Roundtable discusses India's efforts to reduce carbon footprint
1 year, 5 months ago

India Today Roundtable discusses India's efforts to reduce carbon footprint

India Today  

The India Today Roundtable discussed India's efforts to reduce its carbon footprint and meet its commitments to cut carbon emissions by 2030. They highlighted that while India's per capita emissions are low, the country is the third largest emitter of carbon dioxide after China and the US. India has made several major commitments to address this issue, including increasing renewable …

UN chief urges shipping industry to go Carbon neutral by 2050
1 year, 5 months ago

UN chief urges shipping industry to go Carbon neutral by 2050

Hindustan Times  

UN Secretary-General Antonio Guterres on Monday called for a strategy to reduce the shipping industry's emissions to net zero by 2050 as a key meeting of the International Maritime Organisation started here, aiming for a consensus among the 175-member states to critically reduce the carbon emissions in the sector. In a video message at the start of the Marine Environment …

Quicker green transition likely with intensified low-carbon push
1 year, 6 months ago

Quicker green transition likely with intensified low-carbon push

China Daily  

A view of the wind turbines installed on Nanpeng Island, Guangdong province. China's plan to achieve net-zero greenhouse gas emissions by 2060 can be accomplished 10 years earlier if Beijing scales up investment in the energy sector and low-carbon technologies, BloombergNEF has said in a report. The electrification of road transport and industry will also lead to sharp decline in …

Countries must be allowed to prepare own plans for Sustainable Aviation Fuel: India
1 year, 6 months ago

Countries must be allowed to prepare own plans for Sustainable Aviation Fuel: India

The Hindu  

India on May 31 asserted that global mandates for Sustainable Aviation Fuel with 2050 as the target year was “too early” and that each State must be allowed to develop its strategy as per its national plans. It also sought support from the U.N. Aviation watchdog ICAO to achieve carbon net zero goals alongside other priorities in the aviation sector …

G7 urges major economies: Net zero by 2050, emissions peak by 2025
1 year, 7 months ago

G7 urges major economies: Net zero by 2050, emissions peak by 2025

Live Mint  

The G7 nations have called on major economies, such as India and China, to make a commitment to achieve net zero emissions by 2050 and reach the peak of their emissions by 2025, as reported by PTI. "We call on all Parties – especially major economies – whose 2030 NDC targets or long-term low GHG emission development Strategies are not …

India's contribution to global greenhouse gas emission only 4%: Bhupender Yadav at HT G20 Agenda
1 year, 7 months ago

India's contribution to global greenhouse gas emission only 4%: Bhupender Yadav at HT G20 Agenda

Hindustan Times  

Union environment, forest and climate change minister Bhupender Yadav on Thursday said India has contributed only about 4 per cent of global cumulative greenhouse gas emissions between 1850 and 2019, underlining how Prime Minister Narendra Modi has ensured India cut down emissions at all levels – from industry to individual. Union environment, forest and climate change minister Bhupender Yadav at …

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 …

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