APT Translations

The report, Weathering the Storm: Building Resilience Against Climate Disruptions, also highlights that a mere 17% of organisations regularly rehearse responses to climate events, while 25% have no mechanisms in place to build resilience.

The survey, titled "Solar Spectrum of New India," highlights the growing interest in solar power as well as regional disparities in adoption rates and awareness levels.

The Power Purchase Agreement (PPA) under Mukhyamantri Saur Krushi Vahini Yojana 2.0 will support the installation of solar power stations with a total capacity of 124 MW (AC), part of the PM-KUSUM scheme’s initiative for feeder-level solarisation.

India needs significant patient-finance and suite of technologies to bring changes in consumption and emission patterns, backed by a supportive legal-regulatory-policy environment to facilitate innovations and the transition.

Newspaper announcements have cited ambitions to bring the cost of green hydrogen production down to $1/kg from $5+ per kg today. This is implicitly based on the assumption that if the cost of RE continues to decline as in the recent past, we can produce green hydrogen cheaply.

Net Zero demands for transitioning away from fossil fuel, adoption of RE, implementation of energy efficiency measures, commercialization of Carbon Capture, Utilization and Storage (CCUS) technologies. CCUS has very high potential and is crucial for India’s successful achievement of Net Zero target by 2070.

The collaboration, set to begin in January 2025, will extend over 12 months, with Saatvik ensuring timely and consistent delivery to meet G2H Solar’s project requirements.

The report outlines a roadmap to achieve net-zero emissions by 2050, urging nations to align energy policies with climate targets and prioritize investment in renewable capacity and energy efficiency.

Tamil Nadu is just months away from the first tender for 500MW offshore wind energy. National Institute of Wind Energy (NIWE) is expected to float the tenders by March 2025.

India is poised to prioritize climate finance accountability and safeguarding vulnerable communities at COP29 in Baku. Leading a 19-member delegation, India will urge developed nations to accelerate their net-zero commitments and deliver on climate finance promises, emphasizing the need for equitable energy transition and robust support for adaptation measures.