As we ease into 2024, the world stares at the threat of rapid depletion of natural resources and imminent climate change impacting the ecosystem. Global average temperatures crept above pre-industrial levels (+1.8°C), and greenhouse gas emissions reached a new high (57.4 GtCO2e in the previous recorded year). This ongoing phenomenon has brought the world together to phase down fossil fuel usage for a sustainable future.
Throughout the past year, the nation has experienced a series of pivotal developments in the energy sector ecosystem, marked by strategic collaborations, impactful policy announcements, and the attainment of significant milestones.
Noteworthy alliances include a groundbreaking partnership with the United States to advance clean energy initiatives, a mutually beneficial collaboration with Saudi Arabia on renewable energy investment (green hydrogen and electrical interconnection) and a Memorandum of Understanding (MoU) with the United Arab Emirates, which emphasise increased investment and cooperation across diverse sectors, particularly in the realm of clean energy technology.
Momentous strides have been taken on the policy landscape towards achieving the target of 500 GW of renewables by 2030. These range from producing and utilising green hydrogen to advocating mandatory battery energy storage at renewable projects with the launch of the Viability Gap Fund.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Trump's White House 'Waapsi'
Donald Trump's victory in the US presidential election may very well mean an end to democracy in the near future
IMT Ghaziabad hosted its Annual Convocation Ceremony for the Class of 2024
Shri Suresh Narayanan, Chairman Managing Director of Nestlé India Limited, congratulated and motivated graduates at IMT Ghaziabad's Convocation 2024
Identity and 'Infiltrators'
The Jharkhand Assembly election has emerged as a high-stakes political contest, with the battle for power intensifying between key players in the state.
Beyond Deadlines
Bibek Debroy could engage with even those who were not aligned with his politics or economics
Portraying Absence
Exhibits at a group art show in Kolkata examine existence in the absence
Of Rivers, Jungles and Mountains
In Adivasi poetry, everything breathes, everything is alive and nothing is inferior to humans
Hemant Versus Himanta
Himanta Biswa Sarma brings his hate bandwagon to Jharkhand to rattle Hemant Soren’s tribal identity politics
A Smouldering Wasteland
As Jharkhand goes to the polls, people living in and around Jharia coalfield have just one request for the administration—a life free from smoke, fear and danger for their children
Search for a Narrative
By demanding a separate Sarna Code for the tribals, Hemant Soren has offered the larger issue of tribal identity before the voters
The Historic Bonhomie
While the BJP Is trying to invoke the trope of Bangladeshi infiltrators”, the ground reality paints a different picture pertaining to the historical significance of Muslim-Adivasi camaraderie
