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Budget will steer India towards sustainable path: Experts
23 Jul 2024
| Lokmat Times
The Union Budget 2024-25 presented by Finance Minister Ms Nirmala Sitharaman on 23 July 2024 included several key initiatives like energy transition pathways, climate finance, improving water resources management, and measures related to irrigation and flood management that will boost India's fight against impacts of climate change, say climate and energy experts. Calling the Union Budget forward-looking, Dr Vibha Dhawan, Director General, TERI, said the Budget is more substantial in terms
Read moreBudget 2024: India to develop a taxonomy for climate finance
23 Jul 2024
| The Times of India
India will develop a taxation mechanism for climate finance that will help the country mobilise resources for carrying out climate action in sync with its commitments under the Paris Agreement. The finance minister Ms Nirmala Sitharaman while presenting the Union Budget for 2024-25 said we will develop a taxonomy for climate finance for enhancing the availability of capital for climate adaptation and mitigation. This will support achievement of the country's climate commitments and green
Read moreVMC launches initiative to address air pollution in Vijayawada
23 Jul 2024
| The Hindu
The Vijayawada Municipal Corporation (VMC), in collaboration with the Andhra Pradesh Pollution Control Board (APPCB), launched an initiative on 23 July 2024 to address air pollution in the city. As part of the initiative, a team will work on identifying and mapping polluted areas across the city over next couple of days, and later, after conducting an analysis of the situation, will recommend control measures to mitigate pollution. During a meeting on Tuesday with representatives from Artha
Read moreBalancing Economic Growth With Environmental Protection: Focus On Sustainable Development And Increasing Green Cover
23 Jul 2024
| Jagran
India wants to progress in an environmentally and ecologically sound manner. We need to address the complexities of the decline in land, water and air quality and focus on sustainable development. For a developed India, attention must be given to various ideas such as promoting clean energy, building resilient infrastructure and communities and ensuring the availability of clean air and water. Dr. Vibha Dhawan, Director General of TERI, says that there is ample evidence that changes can be
Read moreBudget announces new policy for energy transition pathways, climate taxonomy
23 Jul 2024
| Mint
A day after the economic survey for FY25 tabled in the Parliament called for a more balanced approach to climate change and stressed on nearer-term goals for human welfare, Finance Minister Ms Nirmala Sitharaman in her budget speech said that the government will roll out policy document on "appropriate energy transition pathways that balance the imperatives of employment, growth and environmental sustainability".
Read moreGlobal woes of offshore wind projects will not stall India’s plans: TERI's Shirish Garud
19 Jul 2024
| The Economic Times
Offshore wind energy can generate a lot of power and this segment is on the rise in India. The government is building infrastructure and funding these projects, says Mr Shirish S Garud, Consultant at The Energy and Resources Institute.
Read moreREconnect Summit- '24: Empowering India’s Solar Rooftop Potential
19 Jul 2024
| Energetica India
REconnect Summit-'24 highlighted the benefits of solar rooftops, discussing economic models, financing, and grassroots development. Experts emphasised overcoming challenges to boost solar adoption across India’s urban and rural areas. Solar rooftop installations have proven to be a boon, not only slashing electricity bills but also fostering environmental sustainability and enhancing energy independence by generating power at the point of use. To further promote solar rooftop technology
Read moreHow Electric Cooking Can Help Indian Families Transition To Cleaner Fuels
19 Jul 2024
| IndiaSpend
There are several factors such as consumer perception and levels of awareness that affect the choice of cooking fuel. With changing times and fast-paced lives, there is a preference for fast cooking methods, generally requiring two-pot cooking, and this is where LPG becomes more accepted as it is a proven technology and has been around for decades, says Mr Akif Farooqui, Manager Projects, Social Transformation and CSR Division, TERI.
Read moreBudget 2024 expectations: Power sector decarbonisation hinges on renewables
18 Jul 2024
| The Times of India
Budget 2024 expectations: For India to achieve its net-zero goal, the power sector will have to play a pivotal role as it is a significant contributor to emissions. According to The Energy and Resources Institute (TERI) estimates, power generation accounted for ~45% of the country’s annual CO2 emissions, largely because coal-based generation continued to comprise 74% of overall power generation as of fiscal 2024. That is the reason the government's agenda has been driven by power
Read moreUP govt to bolster income of farmers through ‘carbon finance’
15 Jul 2024
| The Statesman
In a remarkable initiative, the Uttar Pradesh government is boosting farmers’ incomes through ‘carbon finance,’ encouraging them to participate in this plantation drive. The state is set to break records by planting 36.50 crore saplings on July 20. As part of the Centre’s ambitious goal to achieve net-zero carbon emissions by 2070, farmers will gain additional income from carbon credits by planting fast-growing trees such as Poplar, Melia, Dubia, and Semal. These carbon credits will be
Read moreBudget 2024: Import duty on renewable sector components a double-edged sword, need gradual transition, say experts
11 Jul 2024
| The Economic Times
Citing the Prime Minister's announcement in Glasgow at COP26 that India would have 500GW of fossil fuel-free energy generation capacity by 2030, Mr Ajay Shankar, Distinguished Fellow, TERI, noted that most of this capacity has to come from renewables, and renewables now need storage. An announcement of a steep rise in annual capacity addition of renewables along with storage and ensuring provision of necessary green finance for this purpose would send the right signals.
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