National

Green Economy

DEC 15, 2022

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IN PUBLIC INTEREST

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As per IMF’s World Economic Outlook (WEO), October 2022, India is projected to grow at 6.8 per cent in the year 2022 which is one of the fastest among major economies.

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Azadi Ka Amrit Celebrations India

Major steps taken for reducing carbon emission and moving towards sustainable development goals inter-alia include:

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AZADI KA AMRIT CELEBRATIONS IN INDIA

  • Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route for renewable energy projects
  • Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025

• Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2030

  • Setting up of Ultra Mega Renewable Energy Parks, to provide land and transmission to RE developers on a plug and play basis.
  • Launch of Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc.
  • Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power

• Transmission Plan for Integration of 500 GW Renewable Energy capacity by 2030.

• Notification of promoting renewable energy through Green Energy Open Access Rules, 2022.

  • Launch of Green Term Ahead Market to facilitate sale of renewable energy power through exchanges.
  • The Government has been proactively shutting down inefficient thermal units. A total 259 Units with capacity of 18152 MW have been retired from 10th Plan onwards till November 2022.

• The Net Zero target by 2030 by Indian Railways alone will lead to a reduction of emissions by 60 million tonnes annually. Similarly, India’s massive LED bulb campaign is reducing emissions by 40 million tonnes annually.

  • From 2017 onwards all thermal power capacity addition is through super critical units only. This will lead to reduction in fossil fuel consumption and thereby reducing CO2 emissions.
  • Promoting Electric Vehicles and creation of charging infrastructure in the country.

• Notifying fuel efficiency norms to reduce carbon footprints for transport sector.

• Co-firing of Biomass pellets with coal is being done in thermal power plants.

• Implementation of various schemes and programmes to enhance energy efficiency.

This information was given by Shri R.K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Lok Sabha today.

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