The unutilised state of National Clean Energy Fund

The formation of NCEF or National Clean Energy Fund was indeed the right step towards supporting India’s green energy initiatives. The idea was introduced by the Government of India in 2010-11. And upon receiving huge support, it quickly became India’s carbon tax, on coal to generate fund for research and financing clean energy technology. Currently, the name of NCEF has been changed to National Clean Energy and Environment Fund (NCEEF) to support initiatives for clean environment development.

It should be noted that at the beginning, tax imposed on coal on behalf of NCEF was INR 50 per tonne, which eventually ascended to INR 400 per tonne in 2016-17. It is fairly easy to glean from the context that NCEF could have been identified as a very able supporting column for nascent green energy infrastructure of India.

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Joining Hands to Protect Water: A Move That Can Result In Climate Restoration

In development of a country, using and protecting the natural resources plays a major part. To change the climate from going through drastic negative changes the world has readily accepted solar. However, it is also important for a country to focus towards protecting its water resources to support its economic growth while ensuring sustainability. Within Asia, India and its south Asian neighbours are blessed with huge reserves of natural water. However, due to lack of an infrastructure to distribute the water carefully and equally, the countries still suffer from scarcity of water from time to time. Statistics show that availability of water per capita in India has reduced by almost 70% since 1950. And while move towards industrialisation and economic development has gained importance, population growth and inefficiency in water use has resulted into water scarcity in regions.

Global Scenario

Research statistics show that increasing stress and degradation of climate mainly due to fossil fuel combustion, is affecting economic growth of South Asia, and seems to be leading to prolonged water scarcity in the near future.

The United Nation has recognized protection and efficient use of water as an important goal to establish and maintain sustainable development. The World leaders are starting to understand that setting a dedicated global goal for water is a necessity now, because water is a global resource and even if one country is left out of the development process, it will have negative impacts on the sustainability of the climate, which the whole world shares.

The developed and developing countries are banding together to create an international cooperation for saving the water resources for the global good. Information, methods are being shared and investments are being made to support better water harvesting, wastewater treatment, recycling, and sanitation-related activities and programmes. Sustainable Development Goals of United Nations have set a timeline of 2030 to incorporate changes that can assure climate sustainability and allow developing and developed countries alike to initiate economic development initiatives without hindrance.

Joining Hands and Resolving Disputes

There are 12 major river systems and a number of small rivers that go through India. And as the country is agrarian in nature, the demand of water is very high. Lack of technical competence to efficiently use the water doesn’t seem to satisfy the requirements thus creating an unnecessary demand for more of it. The similar scenario is seen in the neighbourhood countries of India, which leads to disputes for claim on the water.

India is moving towards the right way by choosing solar. Renewable energy shift can revolutionize India’s energy scenario and bring in socio-economic growth. However, to complete the transition, India also needs to focus on its use of natural resources as well. Developing an efficient water management is very important to ensure water security and also to share the natural resource to other countries.

Inter-sectoral water cooperation is also necessary as it can help the country understand the best way to divide the water into different sectors such as- Agriculture, Construction, Mining, Energy and Industry. Efficient usage and water protection rights will stop it from being misused or wasted.

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Solar Has Made It Easier

Conventional energy generation process uses a lot of water (1.90 liters/kWh for Coal, and 1.60 liters/kWh for oil, and 2.30 liters/kWh for generating energy from Nuclear). And besides using up water, the kilotons of toxic waste produced by the conventional power plants annually contaminate rest of the water sources.

In this scenario, choosing solar as the mainstream energy source can win the battle for climate improvement, as it is a water free energy generation system. Additionally, solar can make it easier to send water to the cities, states or even countries which are in need of it by reducing cost of pumping water through solar water pumping solutions.

So, it seems that India is standing upon the perfect opportunity to not just better its socio-economic progress, impacting climate a positive way, the country can inspire other developing and developed countries to establish sustainability through protecting and efficient use of natural resources.

 

http://wsds.teriin.org/water-cooperation.php

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Investment in Fossil Fuels Is Investment in a World of Fumes

Renewable energy investment ($ 286 bn) surpassed investment in coal and gas ($ 130 bn) in 2015-16 and estimated to amount to $333 bn in 2018-19. Not just the developed countries, but developing countries like Brazil, Philippines, Mexico, Turkey, Chile, Africa, and India are focusing on renewable energy to phase out fossil fuels. Solar has obviously become the world favourite in a short span of time, showcasing its feasibility, low maintenance, prolonged lifespan and easy to install attributes.

The Looming Threat

It is important to note that oil and gas investment in 2016 was close to $ 522 bn, although it was down from 2015’s investment ($ 595 bn), it was still higher than renewables. Therefore, it is apparent that to push out fossil fuels, which is not just an option but a necessity now, the world would require more effort and aggressive investment initiatives.

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Innovative Financial Mechanisms Can Speed Up Renewable Energy Growth

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With climate control initiatives becoming a necessity and greatly accepted by the countries, the world is feeling the urge to boost its efforts in renewable energy growth. Important initiatives that pave the way for clean energy growth are being highlighted and taken into consideration to maximize results. Innovative financial mechanism is one such element that can transform positive green energy building strategies into reality.

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Anti-Dumping Duty on Imported Solar Glass: Another Hurdle for India Solar Sector

India reaching ~20 GW in solar capacity in 2018 from less than 3 GW in 2014 highlights a trend that has received ample support from Government of India and private players both. Precise and well-timed decisions to build a policy environment, increasing finance choices, and encouragement to entrepreneurs have helped this happen. However, recent investigation on imported textured, tempered glass (used to manufacture solar modules) imported from Malaysia by India’s Directorate General of Anti-Dumping and Allied Duties (DGAD) does not appear as an act favourable towards Indian solar growth.

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