Context: India’s climate ambitions required a new technologies and support from developed nations.
India’s roadmap to upscale climate ambitions
Commitment to reduce one-billion tonne projected emissions by 2030: India is now moving with 130-odd countries on the fraught issue of net zero emissions.
India is committed for the first time to scale down the GHG footprint and marks the rarest-of-rare occasion of a COP beginning with a carbon budget cut.
Renewable energy (RE) as lynchpin of country’s decarbonisation drive: By 2030, India will ensure 50% of its energy is derived from renewable sources;
India has increased its Paris Pact ambition by 10% and committed to install 500 GW of RE by 2030.
Challenges before India’s climate ambitions
Unpredictable nature of new technologies will pose challenges, especially when the country’s economy is expected to grow several notches.
Concerns in energy sector: Discoms aren’t in position to invest in grid and consumer billing infrastructure, mounting operating losses.
Way Forward
Reforms in energy sector:
Need for better coordination between state electricity boards so that utilities with surplus power can make up for the deficits of others.
Need to keep a cushion of traditional power to cope with the fluctuations in RE supply.
Technological and administrative changes is needed in management of grid and traditional power plants.
RE-driven regime required better efficiencies from the distribution infrastructure.
Demand side options such as improving efficiency of household appliances or tweaking operations of agricultural pumps will also warrant attention.
Developed countries need to step up: Developed countries need to do much more by way of facilitating technology transfers to the country with the fifth highest RE capacity.